- BSC recorded $1.3M in daily fees on January 8, marking its strongest revenue day in months and breaking a prior record.
- On-chain data shows BSC exiting a two-month low range, pointing to renewed user demand beyond short-term speculation.
- BNB trades near $915 after a modest rally, up 32% year-to-date and outperforming most top crypto assets.
- Technical indicators remain balanced for BNB, with positive RSI, weak MACD momentum, and cautious trading volume.
BSC’s Fee Revenue Jumps to Multi-Month High as Network Activity Picks Up
The Binance Smart Chain (BSC) has entered the new year with a strong display of upward momentum. Onchain data shows an increase in user activity since the turn of the year. And as expected, this impressive trend has resulted in a sharp rise in fee revenue.
Alongside this jump, the BNB coin is posting healthy technical performance, which further reinforces BSC’s strong outing.
BSC Records $1.3M in Daily Fees, Setting New Local High for On-Chain Revenue
As spotted by CryptoQuant analyst Amr Taha, BSC’s blockchain revenue hit its multi-month peak on January 8. On the day, the network generated roughly $1.3 million in daily fees. And with this, the network effectively beat its previous record of about $1.27 million set on November 30.
Image Source: CryptoQuant
For context, blockchain revenue refers to the income generated through fees paid by users across all protocols operating on a network. Specifically, it indicates users’ willingness to spend on a network. As such, it offers a direct view into real economic usage rather than short-term market noise.
Data from CryptoQuant shows Binance Smart Chain decisively breaking above its recent range. A steep upward move separates the latest reading from earlier levels, signaling a sudden rise in demand. Other major networks on the same chart show flatter or more stable fee trends over the same period, making BSC’s spike stand out clearly.
Such rapid jumps in fee revenue often coincide with an increase in trading activity, transfers, and smart contract execution on Binance-based applications. Speed and size of the move suggest concentrated usage within a short window rather than a slow build over time. That pattern points to a burst of engagement across the network.
BSC Fee Revenue Exits November–December Lull as On-Chain Demand Rises
Context from the past two months adds weight to the move. Besides brief spikes, BSC’s revenue stayed mostly lower throughout November and December. January 8 broke that pattern, setting a new local high and shifting the near-term trend. CryptoQuant’s chart places the latest data point above all nearby historical observations for the chain.
Sustained growth in fee revenue often signals deeper changes in network participation. When users consistently pay higher aggregate fees, it usually reflects higher throughput and broader use of applications, not just speculative trading.
While it remains unclear whether the surge will continue, current data confirms a meaningful rise in on-chain demand as the new year begins.
BNB Maintains Steady Price Structure While Technical Signals Remain Strong
BNB’s market performance mirrors the network’s steady momentum:
- BNB is currently trading at $915 after a modest intraday rally.
- The coin’s price has risen 32% year-to-date.
- In that period, it outperformed 61% of the top 100 crypto assets.
- BNB also trades above its 200-day simple moving average and remains well above its token sale price.
Short-term price action indicators paint a balanced picture for the asset. For example, BNB posted green trading days in the last month, which shows moderate consistency.
Image Source: TradingView
Technically, the RSI sits at 65.18, suggesting that both buyers have the upper hand in the market. Meanwhile, the MACD reading stands at 0.39, indicating an upward trend rather than a corrective phase.
At the same time, the histogram remains positive. Oftentimes, such price action suggests momentum could turn upward if current conditions hold. Onchain data and liquidation trends also align with the outlook, as large holders remain engaged.