Krutika Adani
BNB chain dex volumes have shrunk by over 24% in the last week. According to Dappradar, all the top 5 apps on the chain have been losing users at an alarming rate.
The decline in market activity in general and selling pressure on BNB have led to this situation.
Along with the DEX volume crash, BNB’s price shrunk by 16% between 23 August and 02 September. A similar bearishness has been observed in the broader markets, too.
Some investors have been confident that BNB’s price will pump after the release of CZ, which is scheduled for 29 September.
Although there is no link between CZ and BNB’s on-chain activity, his strong personality assures users of BNB’s strong future.