BNB Chain has emerged as the leading network for retail stablecoin transactions, recording 15.1 million unique sending addresses in February, the highest among public blockchains. The network's stablecoin transaction volume surged by 133% year-over-year, capturing nearly 40% of global stablecoin transaction volume despite holding only about 5% of the global supply.
The network's popularity in retail transactions is attributed to its low transaction fees, approximately $0.05, and faster block times. BNB Chain's active DeFi ecosystem, featuring platforms like PancakeSwap and Venus Protocol, further enhances its appeal. Notably, 82% of stablecoin transfers on BNB Chain are under $1,000, with daily peak transfer volumes reaching $21.7 billion. BNB Chain has surpassed Ethereum and Solana in stablecoin transaction share.
BNB Chain Dominates Retail Stablecoin Transactions with 15.1M Active Addresses
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