Tron and BNB Attract Over 1 Million Active Users While BTC and ETH Lag Behind
Tron and BNB Chain had over 1,000,000 daily users.
BNB Chain and Tron Reach 1 Million Active Users
Coin98 Analytics data showed that Tron, BNB Chain and other networks rank first in terms of the number of daily active addresses.
Tron led the way with 1.3 million daily active users. BNB Chain followed close behind with 1.1 million daily active users. This chart showed that only these two chains had a threshold of more than 1 million daily users.
At the end of the first day, the number of daily active users was higher. Tron Scan reported that over 1.7 million accounts were active as of February 16th. BNB Chain reported daily active users of more than 1.3 million, according to their data.
Tron’s TVL trend is higher than BNB Chain’s
Total Value Locked (TVL), a DefiLlama metric, showed different patterns for both networks despite sharing a high number of daily active addresses.
Tron’s TVL has shown positive development in the last few months, indicating current trends. Tron’s TVL was $8.6 billion at the time of writing. This is the highest TVL the network has seen since its inception.
In contrast, BNB Chain’s TVL trend has shown lackluster movement over the past few years. As of the date of this article, BNB Chain’s TVL was $3.8 billion. That’s less than half of Tron’s TVL.
TRX and BNB in overbought territory
Tron’s chart rose continuously for six days in a row, representing a gain of more than 8%. At the time of writing, TRX was trading at $0.13, up 1.6%.
The Relative Strength Index for TRX is above 80, indicating an overbought situation.
However, BNB was trading at a loss of less than 1%, around $357, at the time of writing. BNB’s RSI was above 75 but below 80. This indicates that the asset is overbought.
