According to ChainCatcher, Messari released the BNB Chain status report for the first quarter of 2024. The report shows that BNB Smart Chain has achieved growth in certain key areas in the first quarter, including an 89% increase in market capitalization, a 70% increase in US dollar-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 DEX became the main drivers of transactions in the first quarter, with USDT (619,300 transactions per day) and PancakeSwap (345,200 transactions per day) accounting for 74% of all transactions in the first quarter.
The DEX transaction volume on BNB Smart Chain has reached a quarterly high since the fourth quarter of 2022, with an average daily transaction volume of US$1.1 billion. The seventh season of the MVB Accelerator Program was launched in March, and a total of 13 projects covering DeFi, AI, social and other fields were selected for the program. BNB Chain is making progress on its technology roadmap. In the next quarter, BNB Beacon Chain will cease operations and the staking and governance mechanisms will be transferred to BNB Smart Chain.
