- In the last 30 days, 12 million USDT wallets were used on BNB Chain, surpassing TRON and Ethereum due to its low fees, fast transactions, and zero-fee trading on the BNB Wallet.
- The growth in its users shows BNB’s recovery after the major bear market. The growth was driven by CZ’s efforts and the continuous rise in demand for meme coins and stablecoin transactions.
BNB Chain has become one of the most popular networks for trading USDT, surpassing other blockchain networks like TRON and Ethereum. Last month, it hit almost 12 million active wallets, showing its growth.
This increase in users could be linked to the rise in meme coin and perpetual swap trading. As a result, BNB Chain is now the main place for using and moving USDT, the leading stablecoin.
Another factor could be the zero-fee trading offer on BNB Wallet, lasting until September. USDT remains widely used in the Binance ecosystem, even though USDT trading pairs are no longer available for European users.
BNB Chain’s Increase in USDT Wallet Activity
According to a report from CryptoRank, there were about $31.1 million USDT wallets used across several blockchain platforms in the past month, with BNB Chain topping the chart. The report recorded that BNB had 12 million active addresses, higher than any other network.
TRON came next with about 11.2 million wallets, followed by Polygon, which had 2.6 million, and Ethereum, with 1.8 million. Ethereum used to be the top network, but due to its high fees and slow speed, users are moving to networks that are faster and cheaper options.
The increasing use of USDT shows that BNB Chain is constantly in use and not a forgotten one. Over the last six months, activity has grown quickly. This rise started after Changpeng ‘CZ’ Zhao began working on bringing the ecosystem back to life after the 2022–2023 market crash. The rise in stablecoin use also shows how much blockchains are active and still bringing in new apps and users.
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