BNB Chain Implements Major Update as Gas Fees Surge 400% Due to Meme Coin Activity
BNB Chain has rolled out a significant upgrade to its BNB Smart Chain (BSC) network, responding to the surge in gas fees caused by increased meme coin activity.
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BNB Chain has rolled out a significant upgrade to its BNB Smart Chain (BSC) network, responding to the surge in gas fees caused by increased meme coin activity.
BNB Chain has recently implemented two major updates that significantly enhance its ecosystem, marking an important milestone in the platform's evolution. These updates are part of the 2025 roadmap, which aims to increase the network's transaction efficiency, improve user experience, integrate artificial intelligence, and refine developer tools.
BNB coins have been gaining momentum, with PancakeSwap (CAKE), Mantra (OM), and Space ID (ID) all showing strong moves in the past week. CAKE surged 55% as BNB's market cap reclaimed its spot above Solana, benefiting from renewed interest in the ecosystem.
Coldware (COLD) is rapidly positioning itself as a high-performance blockchain solution, built to overcome the scalability issues that continue to plague major networks like Binance (BNB) Smart Chain. As the latest memecoin frenzy causes BNB to experience major downtime, developers and investors are actively seeking alternative ecosystems that can handle high transaction volumes without congestion.
BNB Chain has undergone two significant updates in recent hours, bringing notable enhancements to its ecosystem. Former Binance CEO Changpeng Zhao (CZ) highlighted the updates in a tweet, adding to the anticipation and excitement in the BNB Chain community.
BNB Chain's AI integration could revolutionize user interaction, enhancing trading and financial management through advanced automation. The post CZ hints at upcoming BNB Chain AI agent tutorial appeared first on Crypto Briefing.
Last week, the cryptocurrency market was pretty unstable because of the latest inflation reports. This caused prices of many altcoins like BNB, Litecoin, and XRP to correct downward, hovering around dips.
The Binance Coin price has done well in the past few days as investors cheered its ecosystem growth. The BNB coin price jumped to a high of $657 on Sunday, and is a few points below its all-time high of $800.
BNB Chain has deployed a major optimization for its BNB Smart Chain (BSC) network in reaction to meme coin speculation, which pushed gas fees up 388% in the last week.
A flurry of memecoin trading has boosted BNB Chain and its ecosystem, leading the network to rework how its blocks are assembled.
A widely followed analyst and trader is leaning bullish on one large-cap altcoin while updating his outlook on two other crypto assets. The analyst and trader pseudonymously known as DonAlt tells his 649,700 followers on the social media platform X that Litecoin (LTC) has “one of the best-looking crypto charts right now.
BNB Chain, associated with Binance, topped Solana in daily fee generation on February 13, recording $5.8 million in fees, per Nansen data. This marked the first time since October 31, 2024, that a blockchain outside Ethereum or Solana led in fees, exceeding Solanas $3.3 million and outpacing Ethereum by over fivefold.
This week was a choppy one for cryptocurrencies. As a group they mostly sank in value initially before rebounding strongly on Friday.
Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.
BNB Chain has released a Tech Roadmap for 2025 that outlines a clear path for growth. BNB Chain stated that in 2025 it aims to improve transaction speed, streamline user experience, integrate artificial intelligence and refine developer tools.
After recording a strong bullish price action this week, the BNB coin price has experienced a strong bearish pullback overnight. This has resulted in the Binance price losing its 05th position to the Solana price. Moreover, with a market cap of $94.93 billion, it dominates at 2.9518%.
The crypto and blockchain sector shows a major surge in developmental activities and the emergence of new projects solving real-time problems with innovation and cutting-edge technologies. Binance Coin (BNB) is known for its robust ecosystem and the successful trend of BNB price has also minted many millionaires over the time of its launch.
In addition to beating Solana in daily fees for the first time since October 2024, BNB Chain is the first chain since Bitcoin to beat both Ethereum and Solana in daily fees.
The BNB price had a strong performance this week after the developers unveiled more ambitions for 2025. Binance Coin also surged after Changpeng Zhao (CZ) launched his meme coin, and after a judge agreed to a 60-day stay on a long-running case between the SEC and Binance.
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has been on an impressive rally in recent days. With the price currently hovering near $700, BNB is quickly closing in on a major resistance level at $720.
The market is staying in the green zone today, according to CoinStats.
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) There are good signs that Ethereum may have bottomed here and a reversal is just beginning after a difficult start in February.
BNB surprised the market with a quick reversal. Key Support levels: $600 Key Resistance levels: $700 1.
BNB price is gaining pace from the $600 support zone. The price is rising and might aim for a fresh move toward the $750 resistance.