
The BNB Chain crypto network has shown impressive results in recent months. However, he quickly found himself in an impasse. Analyzes revealed a profound reduction in his income linked to several factors. Let's discover here the reasons for this sudden turmoil.
Crypto – BNB Chain Collapses! For what ?
The main driver of BNB Chain's revenue is related to crypto transaction fees. So, the greater the demand for network assets, the more revenue can increase. However, it seems that activity on the network has recently experienced a marked slowdown.
Indeed, Artemis crypto data reveal that revenues recorded on April 15 reached only $62,500, one of the lowest levels seen since February. This drop is likely explained by a decrease in trading volume on the network's decentralized platforms (DEX). While this volume exceeded $2 billion in March, it failed to exceed $1.5 billion in April.
In addition, the price of the BNB token, which represents the native crypto of the Binance network, also fell by 6.72% over the last 24 hours. This drop in price has a direct impact on revenues from transaction fees, thus explaining the observed decline.
Investor sentiment at half mast
Beyond these aspects linked to network activity, the investor sentiment also seems to play a role in this situation. Indeed, Santiment data shows that the “Weighted Sentiment” around BNB is currently negative, at -0.34.
This means that overall perceptions around the token are rather bearish at the moment. Likewise, BNB's social dominance has declined, suggesting that discussions around this crypto are less important compared to other top 100 assets.
The situation of the crypto network BNB Chain therefore seems to have deteriorated in recent weeks, with a significant drop in its revenues. This decline is the result of a combination of factors, ranging from reduced activity on the network to rather gloomy investor sentiment.
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