The post BNB Chain Becomes the Top Choice for USDT Users! BNB Price Hit $600 appeared first on Coinpedia Fintech News
Binance BNB Chain is quietly stealing the spotlight. Over the past month, it has become the number one choice for people using USDT (Tether), the world’s most popular stablecoin. With nearly 12 million active wallets, BNB Chain has now taken the lead from other big players like TRON and Ethereum.
So, why are so many people moving to BNB Chain? Let’s break it down.
BNB Chain Hit 12M Active USDT Addresses
According to recent data from CryptoRank, about 31.1 million wallets used USDT across different blockchains in the last 30 days.Â
Out of all these, BNB Chain led the way with nearly 12 million active addresses, more than any other network. This shows that more people are choosing BNB Chain for their everyday transactions. It’s fast, has low fees, and is easy to use—exactly what users want when sending or receiving stablecoins like USDT.
TRON came in second with 11.2 million active addresses, which is still a big number. TRON has always been a popular choice for stablecoin transfers. Polygon followed with 2.6 million active wallets, and Ethereum came next with 1.8 million.
Even though Ethereum used to be the top network, its high fees and slower transactions are pushing users toward cheaper and faster options. Solana and Arbitrum saw under 1 million active addresses each, showing they’re growing but still behind the leaders.
BNB Quarterly Token Burn
Along with its rise in USDT activity, BNB Chain has also completed its 31st token burn. In this round, 1.57 million BNB tokens were removed from circulation, worth about $916 million.
This burn is part of BNB’s plan to slowly cut down its total supply and make the token more valuable over time. Right now, the total supply of BNB is around 139.3 million, with over 40 million tokens still left to burn.
BNB Price Outlook
Looking at the BNB price, it is trading around $604, showing a small 2% rise as big investors continue buying during market ups and downs.
Even though the price is holding steady, the overall market trend for BNB looks neutral for now. The RSI (Relative Strength Index) is at 48.57, which means the token isn’t showing strong signs of going up or down yet.
However, if the RSI moves above 50, it could be a sign that buyers are slowly gaining control, and BNB might be ready for a stronger move.
