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BNB Chain has a hard time post CZ’s departure, what now?

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Reporter

Published: November 28, 2023

  • BNB Chain included a couple of more dApps to its portfolio.
  • BNB’s weekly chart stayed at a loss, and market indications supported the bears.

Binance’s [BNB] previous CEO Changpeng Zhao (CZ) sent his resignation a couple of days back, which triggered much problem for BNB Chain. Not just did BNB’s rate drop, however the blockchain’s total network activity likewise took a blow.

As advancement around the blockchain continues, a number of brand-new dApps were released, which might assist turn the scenario around.

CZ’s episode in a nutshell

As reported earlier by AMBCrypto, BNB was just recently thrust into the spotlight as its CEO, CZ, sent his resignation as part of the $4 billion settlement in between United States regulators. The impacts of this episode are still apparent.

Significantly, AMBCrypto’s analysis of Artemis’ information exposed that both BNB Chain’s Daily Active Addresses and Daily Transactions dropped over the last couple of days.

Source: Artemis

The blockchain’s state in regards to recorded worth likewise took a blow, as BNB’s TVL signed up a sharp decrease.

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