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The BNB Chain, Solana, and Ethereum had the most on-chain active addresses in April 2023, according to data from Nansen, the blockchain data and research firm. Although these blockchains topped the list of active addresses for April, each recorded a drop in the number of such addresses compared to March. Which chains had the most on-chain active addresses in April & how did they compare to March? BNB Chain: 10.9M (-11%) Solana: 5.1M (-12%) Ethereum: 4.9M (-7.9%) Polygon: 4.2M (+6%) Arbitrum: 2.4M (+7.8%) And what were these addresses doing? Let's take a look on-chain… pic.twitter.com/mjrBPgbmif — Nansen (@nansen_ai) May 3, 2023 According to Nansen’s data, the BNB Chain had 10.9 million active addresses in April. Solana recorded 5.1 million, while Ethereum had 4.9 million active addresses during the same period. Following the top three block chain s are Polygon and Arbitrum, with 4.2 million and 2.4 million active addresses for April, respectively. ...

A recent Binance report details the status of Ethereum staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted. The upcoming Ethereum (ETH) Shanghai hardfork is slated to occur in March 2023 and the upgrade will cap off the network's move to proof-of-stake (PoS) which started during the “Merge” on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether will gradually become liquid for the first time since December 2020.  According to on-chain Etherscan data, over 16.6 million Ether are currently locked in the PoS staking protocol which was valued at $28 billion on Feb. 16, 2023. Ethereum’s move from proof-of-work (PoW) to PoS has started to achieve the original goal which was to make Ether’s supply deflationary. In the 154-days since the merge, over 24,800 Ether have been burned to make the token 0.05% deflationary on a yearly basis. Key Ether stats since the Merge. Source: ultra sound money On. Feb. 16, th...