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I recently reviewed the industry data platform's 2025 report and found an interesting phenomenon—perhaps we should focus more on the development of the BNB Chain.
In terms of trading volume, since BNB launched in May this year, it has been suppressing SOL. By October, it even reached the annual peak, performing quite impressively.
More importantly, the on-chain active addresses metric. This used to be dominated by SOL, but the situation reversed in December:
**BNB Chain active addresses: 42,851,273**
**SOL Chain active addresses: 39,346,742**
A difference of nearly 3.5 million addresses. This indicates that the user activity on BNB Chain has caught up and is surpassing, with ecosystem participation clearly increasing. From trading volume to user base, BNB has demonstrated stronger competitiveness.