Binance Smart Chain Sees Explosive Growth of USDT Transactions

Daily Binance Smart Chain (BSC) USDT transfers have reached an all-time high, exceeding 19 million. This surge is fueled by a combination of DeFi activity and the popularity of memecoins. On-chain data shows that daily BSC USDT transactions jumped from an average of 2-3 million to a peak of 19.4 million, later settling at a higher floor of 10-15 million per day. This significant increase suggests users are seeking fast and low-cost transactions, particularly when working with stablecoins like USDT.