BNB Chain Revenue Surges 70% in Q1, Messari Reports

IconCrypto News Terminal25 Apr, 2024

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BNB Chain Revenue Surges 70% in Q1, Messari Reports

Crypto data analytics firm Messari has released a report revealing significant growth in key metrics for BNB Chain during the first quarter of the year. According to the report, BNB's market capitalization saw an impressive 89% increase quarter-over-quarter. The chain's revenue also surged by 70%, accompanied by a 26% increase in daily active addresses. The total value locked (TVL) in DeFi protocols on BNB Chain grew by 67% during the same period. These findings highlight the increasing adoption and usage of BNB Chain, solidifying its position as a prominent player in the blockchain industry. Previously on April 25, 2024, Messari reported similar growth trends for BNB Chain, indicating a consistent pattern of expansion and adoption.

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