# BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge
Published: 2023-11-22
Category: Finance
Category URL: https://palmbayherald.com/category/finance/
Meta Title: BNB Chain Hits 1-Year Transaction High Amid BSC Surge
Meta Description: Discover how BNB Chain set a new 1-year transaction high on BSC, showcasing network reliability amidst surges in traffic and gas prices.
URL: https://palmbayherald.com/bnb-chain-sees-1-year-transaction-high-demonstrates-network-reliability-after-bsc-surge/

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## **BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge**   _November 19 saw BSC record more than 9.5M transactions in a single day_    _Earlier in the week, BSC demonstrated gas price stability during a similar surge_    On November 19, 2023, [BNB Chain](https://www.bnbchain.world/), the community-driven blockchain [ecosystem,](https://palmbayherald.com/an-eco-human-health-fund/) saw its highest traffic rates since May of 2022 with transactions [exceeding 9.5M](https://x.com/cryptorank_io/status/1726918885125800061?s=46&t=OgryqCvGqDrXsN_IOya1Hw) for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).    The 1-year high comes amid a week of traffic surges on BSC. November 17 likewise saw a spike in traffic, with gas prices on BSC remaining consistent during the surge. On November 17, with TPS (transactions per second) reaching almost 250 at the peak, gas prices remained consistent at the $0.016 threshold.        ![](https://prod.superblogcdn.com/site_cuid_cm5qsn97w0023wirgsdl4dy79/images/4587-1736747498733-compressed.webp)        _While TPS rose to almost 250 on Nov. 17, gas prices on BSC remained steady at $0.016._    BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable [gas](https://palmbayherald.com/gas-will-remain-expensive-for-decades-and-renewables-lucrative/) price. With TPS at around 200, the usage of the block is only at around 15-20%, meaning that the network still has plenty of space left to handle further traffic.    Learn more about BNB Smart Chain [here](https://docs.bnbchain.org/docs/learn/intro).    **About BNB Chain**    BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a [multi-chain](https://palmbayherald.com/infor-partners-with-everstream-analytics-to-help-organizations-better-anticipate-and-navigate-supply-chain-complexity-disruptions/) ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network.    The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The [ecosystem](https://palmbayherald.com/an-eco-human-health-fund/) has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.    **Jack Sutherland**    **jack.sutherland@bnbchain.org**


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