BNB Chain Surpasses Ethereum in USDT Cross-Chain Transfer Volume, Averaging $5.29 Billion Monthly
Main Idea
BNB Chain has surpassed Ethereum in USDT cross-chain transfer volume since May 2024, averaging $5.29 billion over the past 30 days, driven by its scalability and lower fees.
Key Points
1. USDT cross-chain transfer volume averaged $5.29 billion daily over the last month, with BNB Chain overtaking Ethereum in May 2024.
2. BNB Chain's USDT transfer volume increased by 15% month-over-month, while Ethereum's remained stable.
3. BNB Chain's scalability and lower gas fees make it a preferred network for stablecoin transfers compared to Ethereum.
4. The shift in USDT transfer volume highlights growing user preference for networks with better efficiency and cost-effectiveness.
5. COINOTAG data indicates BNB Chain's rising adoption, signaling a change in stablecoin transaction dynamics.
Description
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