{"id":543318,"date":"2023-07-19T10:16:09","date_gmt":"2023-07-19T10:16:09","guid":{"rendered":"https:\/\/wncen.com\/?p=543318"},"modified":"2023-07-19T10:30:56","modified_gmt":"2023-07-19T10:30:56","slug":"bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price\/","title":{"rendered":"BNB Chain Unveils Beacon Update – What’s Its Bearing On Price?"},"content":{"rendered":"

BNB Chain, a distributed blockchain network upon which developers can build decentralized applications (DApps), has taken a remarkable stride forward by introducing updates for its Beacon Chain and the latest layer-2 opBNB.\u00a0<\/span><\/p>\n

This announcement has sent waves of anticipation throughout the crypto community, igniting curiosity about the response of the BNB token to this highly positive development.\u00a0<\/span><\/p>\n

With the impending launch of the BNB Beacon Chain Mainnet ZhangHeng Upgrade scheduled today (July 19), all eyes are eagerly fixed on the cryptocurrency’s performance as investors and enthusiasts brace themselves for what lies ahead.<\/span><\/p>\n

BNB Chain Set For Hard Fork Upgrade\u00a0<\/strong><\/h2>\n

BNB Chain is gearing up for an eagerly\u00a0<\/span>anticipated hard fork upgrade<\/span><\/a>\u00a0at block height 328,088,888. This upgrade holds significant potential for the network’s future growth and development. BNB Chain has partnered strategically with NodeReal, a leading provider of scalable, reliable, and efficient blockchain solutions.\u00a0<\/span><\/p>\n

\n

\u26a1 BNB CHAIN NEWS: Hackvolution Edition! \u26a1<\/p>\n

Time to catch-up on everything that happened on our blockchain this past week. Read ahead for the latest updates about:<\/p>\n

\ud83d\udd38New projects on BNB Chain
\n\ud83d\udd38Our brand-new hackathon
\n\ud83d\udd38Tech and security updateshttps:\/\/t.co\/yPry7rusXc<\/a><\/p>\n

\u2014 BNB Chain (@BNBCHAIN) July 16, 2023<\/a><\/p><\/blockquote>\n

As part of this collaboration, NodeReal’s platform now grants users access to opBNB’s explorer, offering enhanced visibility and transparency into the thriving opBNB ecosystem.<\/span><\/p>\n

According to\u00a0<\/span>Coingecko<\/span><\/a>, BNB is priced at $241.15. However, recent market fluctuations have resulted in a slight 0.7% decline within the last 24 hours and a modest 2.4% decline over the past seven days.\u00a0<\/span><\/p>\n

Related Reading: XRP Flexes Muscles: Ripple Token Unfazed By Crypto Turmoil With 68% Rally<\/a><\/div>\n

Analyzing BNB Chain’s on-chain metrics indicates a potential continuation of this downward trend. The general mood surrounding BNB has been predominantly negative recently, and the 1-week price volatility has experienced a significant decrease, indicating a bearish market sentiment.<\/span><\/p>\n

\"\"<\/p>\n

\n
Source: Santiment<\/a><\/pre>\n<\/div>\n
Interestingly, BNB’s MVRV Ratio has remained relatively stable despite the weakening in price, according to a recent <\/span>price report<\/span><\/a>.<\/span><\/p>\n
BNB Blockchain Thrives With Impressive Usage Metrics<\/strong><\/h2>\n
In a positive turn of events,\u00a0<\/span>BNB’s weekly report<\/span><\/a>\u00a0highlights the blockchain’s exceptional performance in terms of usage metrics. The blockchain’s fees remained remarkably low throughout the previous week, providing users with cost-effective transactional experiences. <\/span><\/p>\n
The weekly average users of the platform surpassed an impressive 4-million milestone, reflecting the blockchain’s popularity and widespread adoption. Moreover, the weekly transactions on BNB exceeded a staggering 22 million, demonstrating the significant activity occurring on the blockchain.<\/span><\/p>\n
<\/p>\n
BNB market cap currently at $37 billion. Chart: TradingView.com<\/a><\/pre>\n
Looking closely at daily metrics,\u00a0<\/span>BNB’s average daily active users\u00a0<\/span><\/a>surpassed 1 million, indicating a thriving user base actively engaging with the platform’s offerings daily. Furthermore, the daily transactions soared to an impressive 3.82 million, showcasing the immense transactional volume and the blockchain’s ability to handle such high throughput.<\/span><\/p>\n
Related Reading: This Under-The-Radar Coin Just Beat The Top 100 Cryptocurrencies With 120% Explosion<\/a><\/div>\n
\"\"<\/p>\n
Source: YCharts<\/a><\/pre>\n
Data supporting these impressive usage metrics reveals that BNB’s Total Value Locked (TVL) has experienced a notable upward momentum over the past few weeks. This surge in TVL further signifies the growing confidence and trust users have in the blockchain ecosystem.<\/span><\/p>\n
These metrics paint a vivid picture of BNB’s immense usage and adoption, highlighting its position as a prominent blockchain platform catering to a vast and active user base.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from BNB Chain<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
BNB Chain, a distributed blockchain network upon which developers can build decentralized applications (DApps), has taken a remarkable stride forward by introducing updates for its Beacon Chain and the latest layer-2 opBNB.\u00a0 This announcement has sent waves of anticipation throughout the crypto community, igniting curiosity about the response of the BNB token to this highly positive development.\u00a0 With the impending launch of the BNB Beacon Chain Mainnet ZhangHeng Upgrade scheduled today (July 19), all eyes are eagerly fixed on the cryptocurrency’s performance as investors and enthusiasts brace themselves for what lies ahead. BNB Chain Set For Hard Fork Upgrade\u00a0 BNB Chain is gearing up for an eagerly\u00a0anticipated hard fork upgrade\u00a0at block height 328,088,888. This upgrade holds significant potential for the network’s future growth and development. BNB Chain has partnered strategically with NodeReal, a leading provider of scalable, reliable, and efficient blockchain solutions.\u00a0 \u26a1 BNB CHAIN NEWS: Hackvolution Edition! \u26a1 Time to catch-up on everything that happened on our blockchain this past week. Read ahead for the latest updates about: \ud83d\udd38New projects on BNB Chain \ud83d\udd38Our brand-new hackathon \ud83d\udd38Tech and security updateshttps:\/\/t.co\/yPry7rusXc \u2014 BNB Chain (@BNBCHAIN) July 16, 2023 As part of this collaboration, NodeReal’s platform now grants users access to opBNB’s explorer, offering enhanced visibility and transparency into the thriving opBNB ecosystem. According to\u00a0Coingecko, BNB is priced at $241.15. However, recent market fluctuations have resulted in a slight 0.7% decline within the last 24 hours and a modest 2.4% decline over the past seven days.\u00a0 Related Reading: XRP Flexes Muscles: Ripple Token Unfazed By Crypto Turmoil With 68% Rally Analyzing BNB Chain’s on-chain metrics indicates a potential continuation of this downward trend. The general mood surrounding BNB has been predominantly negative recently, and the 1-week price volatility has experienced a significant decrease, indicating a bearish market sentiment. Source: Santiment Interestingly, BNB’s MVRV Ratio has remained relatively stable despite the weakening in price, according to a recent price report. BNB Blockchain Thrives With Impressive Usage Metrics In a positive turn of events,\u00a0BNB’s weekly report\u00a0highlights the blockchain’s exceptional performance in terms of usage metrics. The blockchain’s fees remained remarkably low throughout the previous week, providing users with cost-effective transactional experiences. The weekly average users of the platform surpassed an impressive 4-million milestone, reflecting the blockchain’s popularity and widespread adoption. Moreover, the weekly transactions on BNB exceeded a staggering 22 million, demonstrating the significant activity occurring on the blockchain. BNB market cap currently at $37 billion. Chart: TradingView.com Looking closely at daily metrics,\u00a0BNB’s average daily active users\u00a0surpassed 1 million, indicating a thriving user base actively engaging with the platform’s offerings daily. Furthermore, the daily transactions soared to an impressive 3.82 million, showcasing the immense transactional volume and the blockchain’s ability to handle such high throughput. Related Reading: This Under-The-Radar Coin Just Beat The Top 100 Cryptocurrencies With 120% Explosion Source: YCharts Data supporting these impressive usage metrics reveals that BNB’s Total Value Locked (TVL) has experienced a notable upward momentum over the past few weeks. This surge in TVL further signifies the growing confidence and trust users have in the blockchain ecosystem. These metrics paint a vivid picture of BNB’s immense usage and adoption, highlighting its position as a prominent blockchain platform catering to a vast and active user base. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from BNB Chain<\/p>\n","protected":false},"author":557,"featured_media":543327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87132,86483,1144,8686,4735],"class_list":["post-543318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bnb-chain","tag-bnb-price","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nBNB Chain Unveils Beacon Updates - What's Its Bearing On Price?<\/title>\n<meta name=\"description\" content=\"BNB Chain, a distributed blockchain network upon which developers can build decentralized applications (DApps), has taken a remarkable stride forward by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Chain Unveils Beacon Updates - 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BNB Chain Unveils Beacon Update – What’s Its Bearing On Price?","url":"http:\/\/wncen.com\/news\/bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-121.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-121.png?fit=853%2C476"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bnb chain","bnb price","btcusd","ethusd","price action"],"dateCreated":"2023-07-19T10:16:09Z","datePublished":"2023-07-19T10:16:09Z","dateModified":"2023-07-19T10:30:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BNB Chain Unveils Beacon Update – What’s Its Bearing On Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bnb-chain-rolls-out-beacon-update-whats-its-bearing-on-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-121.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-121.png?fit=853%2C476\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bnb chain\",\"bnb price\",\"btcusd\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-07-19T10:16:09Z\",\"datePublished\":\"2023-07-19T10:16:09Z\",\"dateModified\":\"2023-07-19T10:30:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-121.png?fit=853%2C476","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543318"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=543318"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/543327"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=543318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=543318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=543318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}