BNB Smart Chain Sets New All-Time High for Transactions
On December 7, 2023, BNB Chain’s L1 BNB Smart Chain (BSC) achieved its highest number of transactions ever recorded. The day saw over 32 million transactions, with inscription minting transactions on BNB Smart Chain accounting for a significant portion of the total. Despite the surge in activity, the gas price on BSC remained stable at 3 gwei throughout the period. The network underwent rigorous performance testing and processed 2,000 transactions per second (TPS) at its peak.
BSC’s Ability to Handle Increased Traffic
BSC’s large block size allowed it to smoothly handle the spike in traffic while maintaining a stable gas price. Even with TPS at around 200 on November 22, the network only utilized 15-20% of its block capacity, indicating that there is plenty of room for further traffic. BSC continues to collaborate with explorer BscScan to enhance performance, improve stability, and maintain communication with the community.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that aims to eliminate barriers to Web3 adoption. It includes the BNB Smart Chain, the world’s largest L1 blockchain, which offers low gas fees and high TPS. The ecosystem supports thousands of dApps across various sectors such as DeFi, metaverse, gaming, SocialFi, NFTs, and infrastructure. BNB Chain also provides developer programs and accelerator programs to foster Web3 innovation. Stay updated with BNB Chain on Twitter.
Hot Take: BNB Smart Chain Breaks Records with Surge in Transactions
BNB Smart Chain’s recent achievement of surpassing its all-time high for transactions demonstrates its scalability and resilience. Despite the significant increase in traffic, the gas price remained stable, showcasing the network’s efficiency. BSC’s ability to handle spikes in activity while maintaining a smooth user experience positions it as a reliable blockchain ecosystem. With ongoing efforts to improve performance and engage with the community, BNB Chain continues to establish itself as a leading player in the Web3 space.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.