BNB Smart Chain Records 32 Million Transactions in a Day in Q4 2023

24/01/2024 21:38

According to Messari Report: In Q4 2023, BNB Smart Chain (BSC) hit a record 32 million transactions in a single day and an average of 4.6 million daily transactions, representing a QoQ increase of 30% and a YoY increase of 35%. The revenue of BSC witnessed growth by 27% QoQ, and its market capitalization escalated by 48% QoQ. The number of active validators on BSC increased from 32 to 40, demonstrating a 25% QoQ and a 54% YoY increase, spurred primarily by the implementation of BEP-131 and BEP-159. The Venus Protocol surpassed PancakeSwap in terms of DeFi Total Value Locked (TVL) share on BSC, accounting for 39% of the total share, with PancakeSwap covering 37%. A new dimension was added to BNB Chain with the launch of the BNB Greenfield mainnet. This initiative establishes a BNB Chain-native storage network, integrating decentralized cloud storage with the smart contract functionality of BSC for a formidable infrastructure for Web3-native and AI-focused projects. The fourth quarter of 2023 also saw the sunset of the BNB Beacon Chain, with its staking and governance functions being migrated to BSC. This reflects BNB Chain's commitment to enhancing overall security, scalability, and reducing complexities. Moreover, the launch of opBNB, an optimistic rollup boosting the execution throughput for BSC, the introduction of BEP-322 for standardizing proposer-builder separation (PBS) to enhance transparency and stability, and BNB Chain's joining of Adobe’s Content Authenticity Initiative (CAI) featured among the key development highlights. The report culminates by stating that as the next market cycle unfolds, BSC is strategically poised to capture value through its forthcoming product launches and focus on fortifying its core protocol.

Bullish

Bearish

More news about bnb smart chain

Jan 10
The number of daily active users and total locked value of BNB Smart Chain and opBNB both hit new highs
Bullish
Bearish
Jan 05
Binance will support ORDI (ORDI) and BNB Smart Chain (BEP20) network upgrades and hard forks
Bullish
Bearish
Dec 05
Binance will support BNB Smart Chain (BEP20) network upgrade and hard fork
Bullish1
Bearish
Sep 05
Binance completes the integration of Maverick Protocol into the BNB Smart Chain network and opens deposits and withdrawals
Bullish
Bearish
Aug 30
Binance has completed the BNB Smart Chain (BEP20) network upgrade and hard fork
Bullish
Bearish
Aug 30
Binance will support BNB Smart Chain (BEP20) network upgrade and hard fork
Bullish
Bearish
Aug 28
Binance will support BNB Smart Chain (BEP20) network upgrade and hard fork
Bullish
Bearish
Aug 08
Binance will support BNB Smart Chain network upgrade and hard fork on August 10
Bullish
Bearish
Jul 28
Binance will maintain BNB Smart Chain (BEP20) wallet on July 31
Bullish
Bearish
Jul 21
BNB Smart Chain has integrated PENDLE and opened deposit and withdrawal
Bullish
Bearish

BNB Smart Chain Records 32 Million Transactions in a Day in Q4 2023

More news about bnb smart chain

More news about bnb smart chain

Kepler Hardfork: Navigating the Future of BNB Smart Chain

Gas Token Scam Targets Binance Smart Chain's Refund Mechanism

New Binance Smart Chain Proposal Seeks to Lower Transaction Fees: Report

PancakeSwap Version 3 Is Coming to BNB Smart Chain

CZ Fast Action Saves Binance Smart Chain

Gnox (GNOX) Launches Successfully On Binance Smart Chain (BNB) And Outpaces Fantom (FTM) In Opening Gains

The Uniglo (GLO) Team Are Looking To Fill What Is Missing From Bitcoin (BTC) And Binance Smart Chain (BNB) With Bold Plan

Bear Market May Not Be Able To Stop A 50x On Gnox (GNOX) Token, Being Released On Binance Smart Chain (BNB)

BNB Smart Chain now accessible to CoinLoan users

Meme Token Mania Sparks Triple-Digit Gains for Binance Smart Chain Altcoins