In Q3 2024, the BNB Chain experienced some notable changes. Total Value Locked (TVL) increased by 2%, while NFT trading activity surged by 283%. However, on-chain activity and network revenue declined compared to the previous quarter. BNB Smart Chain's DeFi TVL increased to $4.85 billion, but it slipped to fourth place in the rankings. Venus Finance saw a 13% increase in TVL, but borrowing on Venus dropped by 36%. Staking activity grew, with a 7% rise in total BNB staked. BNB Chain's revenue decreased by 28% to $34.9 million, and NFT trading volume increased by 283% but the number of unique daily buyers fell by 53%. On-chain activity also slowed, with a decrease in average daily transactions and active daily addresses. The BNB Chain launched the "Gas-Free Carnival" to enhance stablecoin usage and improve user experience.
- Content Editor ( thecryptobasic.com )
- 2024-11-08
While BNB Chain Revenue Drops 28% in Q3, NFT Trading Surges 283% as TVL Increases: Report