On-chain activity-first strategy: To see whether a public blockchain has real demand, look at the share of transactions taking place in its ecosystem’s application layer. The higher the share, the more on-chain activity is driven by genuine use rather than wash trading. Token prices generally lag behind changes in activity.
The value of tokenized stocks on BNB Chain is nearing $3.3 billion, with over 70% of transactions taking place in ecosystem applications, and activity continues to climb. BNB is currently at 742, down just 0.6% over the past 24 hours. On-chain activity is rising, while the price is holding up relatively well. This strategy is now in a window where activity is picking up, but the price has yet to follow. DEFI tokens in the ecosystem are also worth watching for correlated moves.
#BNB
The value of tokenized stocks on BNB Chain is nearing $3.3 billion, with over 70% of transactions taking place in ecosystem applications, and activity continues to climb. BNB is currently at 742, down just 0.6% over the past 24 hours. On-chain activity is rising, while the price is holding up relatively well. This strategy is now in a window where activity is picking up, but the price has yet to follow. DEFI tokens in the ecosystem are also worth watching for correlated moves.
#BNB