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BNB Chain activated the Fermi hard fork on January 14, 2026 at 02:30 UTC
• Block times were reduced from 0.75s to 0.45s, making the network ~40% faster
• Daily active addresses are back near 2021 levels (2–3 million users)
• TVL remains much lower at around $7B vs $20B+ in 2021
• High usage with thinner liquidity increases risks like congestion, MEV, and failed transactions
• BEP-590 improves fast finality to keep settlement reliable at higher speeds
• The upgrade is critical for supporting DeFi, trading, and consumer apps at scale
• Fermi’s performance will be a key test for BNB Chain’s long-term competitiveness