PancakeSwap and GameFi contributed much to BSC's growth metrics and could drive BSC's future.
So far, So Good
The 3rd quarter of 2021 has come and gone, and It's been a very encouraging period for Binance Smart Chain.
Market research website DappRadar on October 7 put out a 3rd Quarter review of the performance of Binance Smart Chain. Virtually every available statistic points to the platform's solid performance during the period.
Barely a year old, BSC has shot up in prominence to become the blockchain of choice for both developers and crypto users. So, what do the statistics say?
Number of Users Explode
In the 2nd quarter of 2021, about 507,000 wallets were active daily on BSC. For the 3rd quarter, the number grew to 608,542 wallets active daily which gives about 20% increase over the previous quarter.
The huge growth is highlighted when we consider the numbers from this time last year, when there were a little over 3,300 wallets active on BSC each day. Looking at current figures the BSC network has seen a growth of more than 18,000%!
Impact of GameFi Revolution
A healthy portion of BSC's growth may be attributed to the 2021 GameFi breakout. Game Decentralized Applications (dApps), especially play-to-earn platforms had a lot of patronage during the 3rd quarter: around 168,000 active wallets interacted with BSC games protocols daily. Comparing it with 2nd quarter figures gives a percentage increase of 1,700%.
The BSC games that contributed most to the numbers are Mobox, CryproBlades and CryptoBay.
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