Bitaigen Research 
BNB Chain (formerly BSC) is an EVM‑compatible Layer‑1 public blockchain launched by Binance. It offers low gas fees and high throughput, supporting ecosystems such as DeFi, NFT, and more. Common wallets include MetaMask, Rabby, Binance Wallet, OKX Wallet, and others.
According to data from Artemis Terminal, on‑chain transaction count grew from just over 4 million per day at the start of the month to more than 7 million per day within a short period. While transaction activity surged, token prices also showed relative strength; among the top three gainers on DEX Screener, two are tokens that reside on the BNB Chain. This demonstrates that BNB Chain has become one of the most active public blockchains in recent weeks.
The heightened interest is mainly driven by a shift in market sentiment. Binance co‑founders CZ and He Yi have been actively posting on social platforms, further fueling community attention and expectations around BNB Chain.
From the perspectives of technology, ecosystem, and wallet support, we systematically outline the core characteristics of BNB Chain and its advantages in DeFi, NFT, and other scenarios. We also highlight key usage points for several mainstream wallets to help readers get started quickly and capture on‑chain opportunities.
BNB Chain – Binance’s Blockchain Platform
Binance is the world’s leading cryptocurrency exchange, with spot‑trading volume currently exceeding the combined volume of all its competitors. BNB Chain is the public blockchain Binance introduced to unify its on‑chain ecosystem. It originated from Binance Chain (BC) and Binance Smart Chain (BSC) and was merged into a single network in 2022 under the unified name BNB Chain. Although some information portals still refer to it as BSC, the two have been fully consolidated into one chain, which currently ranks fourth in total value locked (TVL) rankings.
BNB Chain Quick Facts
- Chain type: EVM‑compatible Layer‑1 public blockchain
- Native token: $BNB (used for paying gas)
- Supported wallets: Any EVM‑compatible wallet, such as MetaMask, Rabby, Binance Wallet, etc.
- Backing team: Binance exchange
- Official links:
- Twitter: <https://x.com/BNBCHAIN>
- Block explorer: <https://bscscan.com/>
The on‑chain ecosystem is tightly integrated with the Binance exchange, and together with products like Binance Wallet, it enables convenient withdrawals, on‑chain airdrops, rapid token listings, and other multi‑scenario applications.
Recommended Wallets for BNB Chain
Because BNB Chain is EVM‑compatible, any wallet that supports the EVM can be used. Below are the wallets most frequently seen in the top three DeFi applications on BNB Chain:
| Wallet Name | Type | Key Features |
|---|---|---|
| **MetaMask** (the Fox) | Browser extension / Mobile app | Highest market share, multi‑chain support |
| **Rabby** | Browser extension / Mobile app | More user‑friendly UI, compatible with MetaMask dApps |
| **SafePal** | Hardware + software wallet | High security, also offers a mobile experience |
| **Binance Wallet** | Exchange‑issued wallet | Unified multi‑chain management, tailored for Binance activities |
| **OKX Wallet** | Exchange‑issued wallet | Multi‑chain support, clean interface |
Note for U.S. users: Binance Wallet is only available through Binance.US (the U.S.‑compliant platform). Global Binance services are not accessible from the United States.
Beginner’s First Choice: MetaMask (the Fox)
- Install the browser extension on a desktop, or download the mobile app from the App Store / Google Play.
- Create a wallet by clicking Create a new wallet.
- Set a password and back up the seed phrase (it is strongly recommended to complete the backup immediately).
After completing these three steps, you can start using MetaMask on BNB Chain.
A Simpler Alternative: Rabby
Rabby’s interface is relatively lightweight, making it suitable for users new to crypto. Even if a dApp explicitly states “MetaMask only,” installing Rabby still allows a direct connection. The creation process also consists of three steps:
- Click Create a new address.
- Back up the seed phrase.
- Set a local unlock password.
Rabby supports multi‑wallet management, whitelist functions, and warnings for risky websites, which are especially helpful for newcomers.
Important reminder: The seed phrase is the sole credential for restoring a wallet. The password only unlocks the wallet on the current device. Losing the seed phrase means permanent loss of access to the assets.
Unified Multi‑Chain Management: Binance Wallet / OKX Wallet
Both of these wallets are launched by exchanges and support dozens of chains (including EVM, Solana, Bitcoin, etc.), eliminating the need to install a separate wallet for each network. Seed‑phrase backup is streamlined, and the wallets often accompany exchange‑driven airdrop campaigns. If you already hold an account on Binance or OKX, using the corresponding wallet enables seamless asset flow between the exchange and the blockchain.
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This article provides an overview of BNB Chain/BSC and a selection of commonly used wallets. For more accessible and easy‑to‑understand BNB Chain resources, feel free to follow additional articles from Bitaigen (比特根).
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