BNB Chain remains the top blockchain by monthly active stablecoin addresses, boasting 15 million users, according to data from Binance Research and Dune. This metric highlights the network’s sustained retail participation and liquidity, as stablecoins are fundamental for trading, payments, and DeFi activity.
While the user base has grown sharply since 2021, outpacing rivals like Ethereum and Solana in address activity, a high number of addresses does not directly translate to capital concentration or institutional adoption. Many transactions on BNB Chain are smaller in size due to its low fees and accessibility, whereas networks with fewer active addresses, such as Ethereum, still facilitate larger capital flows.
BNB’s market performance reflects this mixed signal. The token is trading near $573, below its 50-, 100-, and 200-day moving averages, indicating a persistent downtrend. While the RSI has recovered toward the neutral 50 level, suggesting easing selling pressure, strong resistance remains at the 50-day EMA ($579) and the 100-day and 200-day averages above it.
