BNB Smart Chain Sees Record User Activity Despite Recent Price Correction
BNB Smart Chain Sees Record User Activity Despite Recent Price Correction
The BNB Smart Chain (BSC) has achieved a historic milestone, recording over 3.6 million daily active addresses on October 13th, the highest in its history. This surge in network engagement closely followed a period of significant price appreciation for BNB, revealing a strong correlation between on-chain activity and market valuation. While analysts note a recent short-term price correction and a slight drop in active addresses, the underlying metrics suggest sustained momentum. The long-term trend for BNB remains structurally bullish as long as key support levels are maintained, despite profit-taking after its parabolic rally.
BNB Network Achieves Record User Engagement
The BNB Smart Chain (BSC) has demonstrated remarkable resilience and growth, reaching an unprecedented 3.62 million daily active addresses on October 13th. This historic milestone underscores BNB’s sustained momentum and network expansion, standing out amidst broader market instability. The surge in on-chain activity, driven by increased trading and DeFi interactions, closely followed BNB's price peak at $1,311 on October 8th, highlighting a powerful correlation between network growth and market valuation.
Synchronized Growth and Bullish Sentiment
According to analyst CryptoOnchain, the relationship between BNB's active addresses and its price has entered a new, more synchronized phase since September 2025 (likely a typo, intended for 2023 or current year). Historically, these indicators often fluctuated independently. However, recent data shows active addresses and BNB price moving in near-perfect tandem, suggesting that price rallies are now effectively triggering heightened user participation. This behavioral pattern often reinforces bullish sentiment in the short term, indicating growing retail involvement.
Navigating Price Correction and Future Outlook
Despite the positive network metrics, BNB has experienced a modest cooldown, with its price correcting to around $1,212 and daily active addresses slightly dipping below 3 million. This marks an 8.4% price drop from its peak, representing one of the steepest single-day declines since early August. Analysts are now closely monitoring whether the network can sustain elevated activity levels. Maintaining user engagement above the 3 million threshold is crucial for establishing a strong support zone for BNB’s price. Structurally, BNB remains bullish as long as it holds above its 50-day moving average (currently near $1,018). A decisive loss of this level could signal a deeper retracement, while stabilization above $1,000 and renewed momentum could see bulls push towards the $1,200–$1,250 range.