Distinctive addresses on the Construct and Construct (BNB) Chain have now surpassed Ethereum, in keeping with a Dec. 22 assertion from the developer.

The developer claims that this makes BNB Chain “the most important layer 1 blockchain on this planet.” Nonetheless, blockchain knowledge exhibits that the Bitcoin community continues to be bigger than each BNB Chain and Ethereum.

In keeping with Etherscan, Ethereum at present has over 217 million distinctive addresses. In contrast, BNB Chain has over 233 million distinctive addresses, in keeping with BscScan. This suggests that BNB Chain is bigger than Ethereum as judged by this metric.

However, the Bitcoin community has over 1 billion distinctive addresses, making it bigger than each of those networks mixed.

The assertion was made as a part of BNB Chain’s “Yr in Assessment.” The publish additionally highlighted different important milestones that the BNB community has reached over the previous yr. The community capped out at 9.8 million transactions per day in Might and reached 2.2 million day by day energetic customers (DAUs) in October, with DAUs being outlined because the variety of distinctive addresses per day that work together with a sensible contract.

The builders credit score the community’s success in 2022 to a number of initiatives carried out this yr. The BNB Sidechain protocol allowed decentralized software (Dapp) builders to run their Dapps on separate shards of the community, decreasing congestion and decreasing transaction prices.

Secondly, the staff funded a builder grant and $10 million incentive program for Dapp builders, which led to extra Dapps being created for BNB Chain and this, in flip, attracted extra customers.

Moreover, “soulbound tokens” were introduced, which allowed customers to register pockets addresses for Know Your Buyer (KYC) functions by holding non-transferrable tokens of their wallets. The builders declare that this elevated BNB Chain’s fame within the nonfungible token and Web3 gaming neighborhood.

Lastly, the staff credited its development to the launch of Avenger DAO, an API that alerts customers of BNB Chain at any time when they work together with contracts flagged as malicious. Within the staff’s view, this made customers really feel extra protected shopping the BNB community, resulting in extra consumer retention.

Regardless of these successes, BNB Chain continues to be criticized by many within the blockchain neighborhood for being too centralized. The publish does point out that the community added 23 validators this yr and plans so as to add 60 extra within the coming months, which ought to assist to make the community much less centralized than it was earlier than. By comparability, Ethereum has over 400,000 validators.