Binance Smart Chen has crossed the 500 million unique active addresses, which coincides with the launch around the launch of its test TST Meme coin.
In a historic milestone, Benance Smart Chen has recently crossed 500 million unique active addresses X post by Whale InsiderThis achievement falls on the heels of the launch of TST meme coin, for a tutorial video launched by the BNB chain team by a Test token by the BNB chain team, how to four on the BNB chain. Mem coin on the launchpad platform Make
Initially only for educational purposes, TST unexpectedly took to its own life, increasing by 1,100% within its first three days. The token reached $ 0.20 before falling below $ 0.20 for all time of $ 0.52, declining 62% from its peak, according to this, Coinmarketcap,
The onset of the TST pump can be discovered back to a brief appearance of the name of the token in a frame of tutorial video. After finding this video was briefly taken down, but Benance’s co-founder Changpeng “CZ” Jhao later directed the team to instruct the team to bring it back online. In His x postCZ clarified that TST was not an official token and had no connection with the BNB series beyond its role as a performance of tutorials.
Although the token was designed only for educational purposes, it was an unexpected advantage as the resulting speculation on TST played a role in the recent bounce of unique active addresses on the network.
Since the number of active addresses on Binense Smart Chain increases, it brings its MeV issue into sharp focus. The Maximal Extractable Value (MEV) refers to the additional profits made by verifications by manipulating the order of transactions, often through front and sandwich attacks, which take advantage of network weaknesses for financial gains.
Especially the Sandwich attack has become a notorious exploitation on the BNB series, with millions of dollars loss because bots manipulate transactions to earn profit. In 2024 alone, BNB chain users reportedly lost about $ 1.5 billion for such attacks, which highlight the vulnerability of the network as a trading volume.
Binance founder Changpeng Jhao (CZ) has recently posted a pole on the MeV issue on X and asked whether the BNB series should end/reduce the MeV issues.
