BNB Smart Chain (BSC) Sets New Transaction Record
On December 7, 2023, BNB Chain’s L1 BNB Smart Chain (BSC) achieved a new all-time high (ATH) in transactions, surpassing 32 million for the day. This surge was driven primarily by inscription minting transactions on BSC, accounting for over 7 million of the daily transactions.
Gas Prices Remain Stable
Despite the increased transaction volume, gas prices on BSC remained stable at 3 gwei. This stability demonstrates the scalability and efficiency of the BNB Smart Chain (BSC) network during periods of high demand.
Rigorous Performance Testing
The surge in transactions also subjected the BNB Smart Chain (BSC) to rigorous performance testing. At the peak, the network processed 2,000 transactions per second (TPS), showcasing its ability to handle increased traffic and maintain optimal performance.
Scaling Infrastructure
BSC’s critical infrastructure successfully scaled up to handle the surge in transactions, ensuring smooth operations. The BSC team continues to collaborate with BscScan to further enhance performance, increase stability, and maintain open communication with the community.
The Power of Large Block Size
The large block size of BNB Smart Chain (BSC) enables it to handle traffic spikes seamlessly while maintaining a stable gas price. The network still had significant capacity to handle more traffic, with block usage at only 15-20% when the transactions reached around 200 TPS.
Hot Take: BNB Smart Chain Breaks Records with Unprecedented Transaction Volume
On December 7, 2023, BNB Smart Chain (BSC) experienced an extraordinary surge in transactions, surpassing its previous all-time high. This achievement highlights the scalability and efficiency of BNB Smart Chain (BSC) in handling vast transaction volumes while maintaining stability. BSC’s robust infrastructure and stable gas prices contribute to its ability to handle traffic spikes effectively. As BSC continues to optimize its performance and engage with the community, it solidifies its position as a leading blockchain ecosystem. The future looks promising for BNB Smart Chain (BSC) as it continues to foster innovation and remove barriers to Web3 adoption.
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