BNB Smart Chain (BSC) Experiences Transaction All Time High; Highlighting the Network’s Stability and Capacity
DUBAI, UAE, December 11th, 2023, Chainwire
- December 7 saw BSC more than double its existing all time high (ATH) record with more than 32M transactions
- The BSC gas price remained stable during the period of heightened transactions
- The surge saw BSC undergo rigorous performance testing, with 2K TPS being processed at the peak time
On December 7, 2023, BNB Chain’s L1 BNB Smart Chain (BSC) experienced its all-time high (ATH) for transactions. Transactions exceeded 32 million for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).
During the ATH, gas prices on BSC did not fluctuate and remained stable at 3 gwei. Block sizes reached 100% due to the increased demand and the network went through a rigorous real-world stress test, processing 2,000 TPS at the peak.
The majority of the critical infrastructure relating to BNB Chain scaled up and handled the surge well. BSC is continuing to work with explorer BscScan to improve performance, increase stability and maintain continuous communication with the community.
BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable gas price. On November 22, with TPS at around 200, the usage of the block was only at around 15-20%, meaning that the network still had plenty of space left to handle further traffic.
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About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that seeks to remove barriers to Web3 adoption. Powered by BNB, it includes the world’s largest L1 blockchain, the EVM-compatible BNB Smart Chain, and fosters a multi-chain ecosystem with BNB Greenfield and opBNB. Offering ultra-low gas fees and superior TPS, the BNB Chain ecosystem hosts thousands of dApps across DeFi, metaverse, gaming, SocialFi, NFTs and infrastructure, each of which add value to its ecosystem.
BNB Chain fosters impactful Web3 innovation with its BNB Chain Builder Support Program. This includes the Most Valuable Builder (MVB) accelerator program, run in partnership with Binance Labs and CMC Labs.
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