Large Investors Are Behind Binance Smart Chain’s Rapid Growth: Nansen

Nansen’s findings counter the popular belief that the huge success of BSC, which is supported by Binance, the world’s largest centralized crypto exchange by trading volume, has been fueled by retail investors seeking lower transaction fees. By offering cheaper, faster transactions, BSC has gained traction against Ethereum, the most used decentralized application blockchain, as transactions on Ethereum have become more expensive.