Ahead of the Beacon Chain Fusion, holders of crucial BEP2/BEP8 tokens like Binance Coin (BNB) and Bitcoin (BTC) are urged to shift their assets to the BSC network. This step is highly recommended to preserve a smooth, loss-free move, maintaining a 1:1 asset ratio.

The announcement further offers users who failed to transfer assets to the BSC network after the Beacon Chain sunset the network a backup after the Beacon Chain Fusion. It states;

For users who didn’t transfer assets to the BSC network after the Beacon Chain sunset, BNB Chain offers a backup post-Beacon Chain Fusion.

Interestingly, data from Token Terminal shows that revenue has increased by 6.4% in the last 24 hours. Based on this data, it is clear that there is renewed activity in the network leading to increased revenue. Another key metric is the number of key developers which has dropped to 51. This might indicate a drop in interest from existing and new developers due to a lack of new features from the network.

However, during Q4 2023, the network celebrated new records in Daily Active Users (DAU) and Total Value Locked (TVL) on the opBNB, its high-performance layer-2 solution. DAUs witnessed an increase of about 22% to reach nearly 1.2 million. TVL on the other hand has $19.44 at the time of press.

BNB Prices Struggle to Stay Bullish

Despite all the positives around the network, its native token is struggling to stay in the green. A look at the weekly chart shows that the digital asset has lost around 7%. At the time of press, BNB is trading at $295.89 after a 2% drop in the last 24 hours. With an all-time high of $686.31 reached two years ago, investors are bullish that these highs will be retested, fueled by recent network developments and wider market sentiments.