$BNB

BNB Chain has made significant advancements in 2024, focusing on scalability, ecosystem growth, and enhanced security. Here are the key developments:

1. Ecosystem Growth:

The BNB Smart Chain (BSC) reached 1.12 million daily active users, with total unique addresses surpassing 486 million—a 17.7% increase from 2023. Total Value Locked (TVL) grew by 58.2% to $5.5 billion.

The opBNB platform saw 4.7 million daily active users and handled an impressive 7.1 million daily transactions, reflecting its scalability improvements.

2. Technological Innovations:

BNB introduced the "One BNB" multi-chain initiative, integrating BSC, opBNB, and Greenfield. This fusion aims to streamline blockchain operations and enhance decentralization.

Advances in the Parallel EVM and increased block gas limits on BSC improved transaction processing and efficiency, with a reduction in block processing time by 24%.

3. Security Enhancements:

Security incidents decreased by 66%, and financial losses from breaches were reduced by 67%, highlighting effective new measures.

4. Developer and Community Initiatives:

Several hackathons and the Most Valuable Builder (MVB) programs supported Web3 talent and projects, awarding millions in prizes and funding.

The BNB Chain