- The BNB Chain has surpassed 500m unique active addresses for the first time in history.
- Activity has surged amid recent surge for Test (TST) meme token.
BNB Chain is at the forefront of the recovery charge as it bounces back. The platform just hit a key milestone, cementing this outlook.
There has been a steady growth for the network as seen on their unique addresses chart. Remarkably, the Binance Smart Chain has surpassed the 500 million active addresses mark. Whale Insider shared the milestone via X.
BREAKING: BNB Chain surpasses 500M unique addresses amid rising activity. pic.twitter.com/rhwzUvGpdl
— Whale Insider (@WhaleInsider) February 9, 2025
As expected the growth could set the transactions curve on an upward trajectory, ultimately playing a role in network and price growth.
According to DeFiLlama the platform has recorded a notable increase in transaction activity. Data suggests the network’s activity reached the highest daily transaction count in 12 months.
This development across the Binance Smart Chain follows one notable event this past few days. As former Binance CEO Changpeng Zhao ‘CZ’ pointed out, the BNB Chain team have a newly created video on meme coin launching on four.meme platform.
With it, Binance is aiming at taking advantage of the meme coins market traction, probably driven by the success and growth of Solana’s meme coins ecosystem. Dune Analytics data shows BNB Chain tops EVM-compatible networks in activity.
In the last few days, the observation is a surge in trading activity hot on the heels of a highlight educational video on meme coins.
While allegations of insider trading have since emerged, the platform’s test token TST hit the space running.
Within hours of the unveiling, the TST meme coin skyrocketed in value. Binance’s listing of the token on its spot market helped fuel the parabolic run.
Test (TST) token
Per the post CZ shared on X, the BNB Chain team says this about TST:
“This is NOT an official token by the BNB Chain team, or anyone. It is a test token used just for that video tutorial. Nothing more.”
However, data from Coinmarketcap shows the token hit an all-time high of $0.52.
The meme coin has however seen a sharp drop, with its price nearly 70% down from the peak. Market data has TST currently changing hands at $0.16.
Despite this outlook, Binance’s gamble with meme coins could pay off. In particular, activity will go through the roof, potentially driving BNB price growth. The token has struggled for momentum and bulls’ target will be a breakout to $1,000 in the short term.
