Main to remember
Recent activity shows a sharp increase in the use of BNB for the finalization of transactions while deployments of smart contracts on the network continue to increase.
Binance Coin (BNB) did little movements during the last day, but he maintained a bullish position in last week, displaying a 12%gain.
Chain metrics suggest that using BNB is accelerating and could open the door to a major rally, perhaps in the week. Ambcrypto’s analysis reveals short and short -term factors supporting this perspective.
The door opens for bnb
Long -term metrics show a parallel increase in the number of BNB transactions and the number of users interacting with the network.
According to Nansen, the total number of BNB transactions increased to 14.1 million, its highest level since April – marking a 3 -month peak.
Source: Nansen
This increase in activity has also been reflected in user growth. Artemis data show that monthly active users exceeded 33 million, the highest in three months.
Such an increase in user activity reports a high demand for BNB and may have contributed to the recovery of the price region of $ 760.
Short -term perspectives remain optimistic
BNB’s short -term prospects also seem solid, driven by the increase in public chain services.
In the past 24 hours only, transaction costs payments have increased significantly. According to BSCSCAN, 573.46 BNB – WORTH around $ 438,000 – was paid for fresh, highlighting increased network use.
Source: BSCCAN
This increase is aligned with the increase in intelligent contracts verified on the chain.
During the same period, verified contracts increased by 49.26% to 403, which indicates that more than 200 new contracts were deployed to facilitate transactions, compared to the increase in costs.
This short -term trend highlights an increasing utility for BNB, which could fuel prices growth, demand that continues to increase.
Increase in liquidity on the market
Liquidity also improves through the BNB ecosystem, as evidenced by the total locked value (TVL).
TVL is a key indicator of investor participation. When it increases, it often indicates increased confidence and long -term bullish vision. Conversely, a decrease generally signals the discoloration of the market.
Press time data on Defillama show TVL at 8.51 billion dollars last day, its highest level until now in July.
Source: Defillama
Supported TVL growth suggests that investors lock their assets with higher expectations of future valuations, strengthening the bullish feeling.
While BNB’s long -term perspectives remain optimistic, recent activity on the chain also supports the short -term growth potential. If this momentum continues, BNB could be well placed to retest the summits of the previous market.
