Not sure if sustainable, but Binance smart chain is doing almost half as many daily transactions as ETH at this point

Jozhe

In market valuation? ETH has about 5x the valuation of Binance.

BSC is serving more users, but better comparison IMO is how much are users willing to pay for it. Currently on ETH users spend about 55M$/day in tx fees. On BSC users spend about 8M$/day in tx fees. So based on that valuation seems quite ok.

But Binance is also burning about 7M$ worth of BNB tokens per day from fees they collect on exchange. So it's hard to compare.

BSC went from 0.5x ETH tx volume, to about 10x ETH tx volume

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In market valuation? ETH has about 5x the valuation of Binance.  BSC is serving more users, but better comparison IMO is how much are users willing to pay for it. Currently on ETH users spend about 55M$/day in tx fees. On BSC users spend about 8M$/day in tx fees. So based on that valuation seems quite ok.  But Binance is also burning about 7M$ worth of BNB tokens per day from fees they collect on exchange. So it's hard to compare.

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It’s not, kind of the reason why they can outperform ETH. It’s basically proof of stake for authorised nodes, think around 20 right now

@Jozhe i just wonder if bsc is as decentralized as btc or eth, that’s something they claims but some defi dev find funny way to ensure it is ... https://www.coindesk.com/controversial-dapps-test-binance-smart-chains-decentralization

Binance Smart Chain and Ethereum is having heated competition as the latter gains more popularity among decentralized exchanges.

Jozhe

A group of likeminded people in Crypto are talking about this.