Activity on the BNBchain remains consistent. However, risky dApps and bearish sentiment may act as hurdles to BNB's growth.
The price of BNB recovered as volume increased.
native BNB token was among the many that was impacted severely by the SEC lawsuit against the Binance exchange. However, despite all the volatility and uncertainty, the activity on the BNB chain remained high.According to BNB’s recent data, the number of active users on the network was 4.02 million. These active users made transactions adding up to 3.67 million over the last week. One of the reasons how BNB was able to sustain users on its protocol was through its low gas fees of 0.00037 BNB.
The identification of over 35 risky dApps on the BNB network by DappBay’s Red Alarm has the potential to impact BNB in several ways. Firstly, users’ trust and confidence in the BNB ecosystem may be undermined due to the presence of unsafe dApps. This could result in users being more cautious when using dApps, affecting overall adoption rates.
Moreover, the negative publicity surrounding risky dApps might influence investor sentiment, leading to fluctuations in BNB’s token value. Additionally, increased attention to these dApps could attract regulatory scrutiny, potentially impacting BNB’s standing in the market.Stay safe! Watch out for: Staker Cafe, Okxo, Pepe Girl, Shiba Reward, Maker Lending and more. Check out the entire list below.
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