BNB Chain has recently surged in popularity with significantly increased on-chain activity. If you're unfamiliar with this blockchain, confused about the difference between BNB Chain and BSC, or unsure which wallet to use, this guide will help you get started.
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According to Artemis Terminal, on-chain transaction volume has grown from 4 million daily transactions at the beginning of the month to over 7 million daily transactions. This increased activity has also positively impacted token prices, with two of the top three gainers on DEX Screener being BNB Chain tokens at the time of writing.
Why Is BNB Chain Gaining Popularity?
The recent surge in BNB Chain's popularity stems from shifting market sentiment, driven by increased social media engagement from key figures like CZ and He Yi, co-founders of Binance. Their frequent updates have sparked speculation and drawn attention to BNB Chain.
BNB Chain: Binance's Blockchain Powerhouse
Binance is the leading cryptocurrency exchange, dominating the market with over 50% of spot trading volume. BNB Chain represents Binance's push toward blockchain integration and development. It evolved from Binance Chain (BC) and Binance Smart Chain (BSC), merging into BNB Chain in 2022.
Despite the rebranding, many still refer to it as BSC due to familiarity. Currently, BNB Chain ranks as the fourth-largest blockchain by Total Value Locked (TVL).
| Feature | Details |
|---|---|
| Type | EVM-compatible Layer 1 blockchain |
| Gas Token | $BNB |
| Wallets | Any EVM-compatible wallet (Metamask, Rabby, Binance Wallet, etc.) |
| Backing | Binance Exchange |
| Key Links | Official Twitter, BNB Chain Explorer |
BNB Chain's integration with Binance Exchange and its native wallet unlocks numerous use cases, such as simplified withdrawals, exchange-related airdrops, and faster token listings on Binance. The involvement of CZ and He Yi in promoting BNB Chain has further amplified its visibility.
👉 Discover more about Binance's ecosystem
Recommended Wallets for BNB Chain
BNB Chain is EVM-compatible, meaning any EVM-supporting wallet will work. Here are the top wallets used across BNB Chain's leading DeFi apps:
- Metamask: The most widely used EVM wallet (though less beginner-friendly).
- SafePal: A reputable hardware/software wallet provider.
- Binance Wallet: Binance's native multi-chain wallet.
- OKX Wallet: OKX Exchange's multi-chain wallet.
For beginners, sticking to these mainstream options ensures easier troubleshooting and community support.
Metamask: The Widely Supported EVM Wallet
Metamask is the go-to choice for EVM compatibility. Setup involves three simple steps:
- Click "Create a New Wallet."
- Set a password.
- Backup your seed phrase.
While powerful, Metamask's interface can feel technical for newcomers.
Rabby: A User-Friendly Alternative to Metamask
Rabby offers a smoother experience while maintaining Metamask compatibility. Any dApp supporting Metamask automatically works with Rabby. Key features:
- Multi-wallet management.
- Built-in security alerts.
- Streamlined interface.
Setup is equally straightforward:
- Click "Create a New Address."
- Backup your seed phrase.
- Set a password.
Exchange Wallets: Binance Wallet & OKX Wallet
These wallets support multiple chains (EVM, Solana, Bitcoin, etc.) and simplify seed phrase management. Ideal for Binance/OKX users, they often include exchange-linked perks like airdrops. However, they lean toward centralized control compared to DeFi-native options.
FAQs
Q: Is BNB Chain the same as BSC?
A: BSC (Binance Smart Chain) merged with Binance Chain in 2022 to form BNB Chain, though many still use "BSC" colloquially.
Q: Which wallet is safest for BNB Chain?
A: Hardware wallets (e.g., SafePal) offer top security. For software options, Rabby or Metamask with strict security practices are reliable.
Q: Can I use Trust Wallet for BNB Chain?
A: Yes! Trust Wallet is EVM-compatible and supports BNB Chain.
Q: Why is BNB Chain's gas fee paid in BNB?
A: BNB serves as the native token for network operations, similar to ETH on Ethereum.
Q: How do I add BNB Chain to Metamask?
A: Manually input these details:
- Network Name: BNB Smart Chain
- RPC URL:
https://bsc-dataseed.binance.org/ - ChainID:
56 - Symbol:
BNB - Block Explorer:
https://bscscan.com
Q: What’s Binance’s role in BNB Chain?
A: Binance develops and promotes BNB Chain, integrating it with exchange services for seamless crypto transactions.
Note: Always secure your seed phrase offline and verify wallet URLs to avoid phishing scams.