Messari released the BNB Chain Q1 2024 Status Report, with the following highlights:
-BNB Smart Chain achieved growth in certain key areas in the first quarter, including an 89% increase in market capitalization, a 70% increase in USD-denominated revenue, a 26% increase in daily active addresses, a 67% increase in DeFi TVL, and a 193% increase in daily DEX trading volume.
-Stablecoins and DEXs became the main drivers of transactions in the first quarter. USDT (619,300 daily transactions) and PancakeSwap (345,200 daily transactions) accounted for 74% of all transactions in the first quarter.
-DEX transaction volume on BNB Smart Chain reached a quarterly high since the fourth quarter of 2022, with an average daily DEX transaction volume of US$1.1 billion.
-The seventh season of the MVB Accelerator Program was launched in March, with a total of 13 projects covering DeFi, AI, social and other fields selected for the program.
-BNB Chain is making progress on its technical roadmap. In the next quarter, BNB Beacon Chain will cease operations, and the staking and governance mechanisms will be transferred to BNB Smart Chain.