BNB Chain’s average daily transaction volume reached 4.6 million in the fourth quarter of 2023, an increase of 30% from the previous quarter
BNB Chain announced that the daily transaction volume of BNB Smart Chain (BSC) in the fourth quarter of 23 reached a record-breaking 32 million transactions, with an average daily transaction volume of 4.6 million transactions, an increase of 30% compared to the previous period and 35% year-on-year.
State of BNB Smart Chain Q4 2023
BNB Smart Chain (BSC) processed a record 32 million transactions in a single day and 4.6 million average daily transactions in Q4’23, up 30% QoQ and up 35% YoY.
BSC grew its revenue by 27% QoQ and saw its market capitalization increase by 48% QoQ.
The number of active validators on BSC grew from 32 to 40, up 25% QoQ and up 54% YoY. This growth was spurred by the implementation of BEP-131 and BEP-159.
Venus Protocol overtook PancakeSwap in DeFi TVL share on BSC, accounting for 39% of the total share; PancakeSwap accounted for 37%.
BNB Chain financial losses reduced by 85% in 2023
AvengerDAO has collaborated with Hashdit, Certik, Ancilia, and Salus Security to release its 2023 security report. The report provides an in-depth analysis of security incidents that occurred on the Binance Smart Chain (BSC) in 2023. Financial losses on the BSC chain decreased significantly in 2023, dropping 85% compared to the previous year. Among them, the amount of fiat currency losses decreased from approximately $43.7 million in the third quarter of 2023 to approximately $15.6 million in the fourth quarter, a decrease of 64%, mainly due to a 51% decrease in hacker attacks. The BNB Chain core development team stated: "We are very grateful for the opinions and feedback from the AvDao committee members Hashdit, Certik, Ancilia, and Salus. They are leaders in the field of crypto security and play an indispensable role in maintaining the integrity of the industry."
Binance announces that it will burn a large number of Binance-pegged tokens on various chains today
According to official sources, Binance announced today that it will destroy a large number of tokens tied to Binance on various chains. Then, an equal amount of tokens used as collateral on its native network will be released.
Three hours ago, an address deposited 453,000 API3 to Binance.
According to blockchain data analyst @ai_9684xtpa, an address that built a position in API3 a week ago deposited 453,000 tokens worth $1.09 million into Binance 3 hours ago. If sold at current prices, the profit would be $603,000 (with a cost of only $1.67 per token). API3 has risen 80.81% in the past 7 days and is currently priced at $3.01.
Binance will file a motion with the court to dismiss the US SEC lawsuit
On January 19th, Binance is about to confront the US Securities and Exchange Commission (SEC) in a court in Washington. The focus of the hearing, scheduled for January 19th, is around Binance's motion to dismiss the lawsuit filed by the SEC in June 2023. The SEC's lawsuit includes a series of allegations, including Binance's artificial inflation of trading volumes, misappropriation of customer funds, failure to restrict US customers from using its platform, and misleading investors in market monitoring.
Binance Records $5 Billion Inflows Since US Settlement, Surpassing Rivals
Despite facing regulatory challenges and parting ways with its founder, Binance has seen a resurgence in crypto inflows, with a net influx of around $5 billion within two months of its settlement with US authorities. This surge surpasses its rivals, signaling a strong comeback under the leadership of CEO Richard Teng. Binance's exchange token, Binance Coin (BNB), has outperformed broader markets with a 20% surge since November 21, indicating a positive market response to the changes implemented post-settlement and the overall cryptocurrency sector's recovery. However, Binance still faces challenges, including establishing a global headquarters and obtaining full licenses in key crypto hubs.
Binance will be conducting wallet maintenance in the next few days
Binance stated on social media X that it will perform standard wallet maintenance in the coming days. As a result, users may notice some large transactions of USDC on the ETH network from Binance wallets, but the funds are safe.
Tokeninsight Annual Report: Binance leads the way with an absolute advantage in multiple data, and its performance exceeded market expectations
Tokeninsight released the "Crypto Trading Platform 2023 Annual Report", which showed that Binance ranked first in market share, spot and derivative trading share, and Binance's market share was 48.7% at the end of the year, and spot and derivative trading share was 53.7%, leading the global cryptocurrency trading platform. After experiencing major regulatory events, Binance's performance exceeded market expectations.
An address marked as Binance transferred more than 58 million USDT on Tron 3 hours ago
According to chain data tracking service Whale Alert, at around 16:39 Beijing time today, an address starting with "TJCo98" marked as Binance transferred 58,046,232 USDT to the "TMwf7k" address on the Tron blockchain, with a value of approximately $57,984,412.
Binance Launches Thailand Wing for Digital Asset Trading and Brokerage
Binance has announced the launch of its Thailand branch, Binance TH. The exchange, established by Gulf Binance, aims to facilitate the buying and selling of digital assets with local currency pairings. Binance TH has been licensed by Thailand's Ministry of Finance and regulated by Thailand SEC. The launch of Binance TH adds to the growing presence of cryptocurrency platforms in Southeast Asia, highlighting the region's importance as a hub for digital asset trading and innovation.
BNB briefly breaks through $320
Market shows BNB has briefly exceeded $320 and is currently priced at $316.7, with a 24-hour increase of over 6.63%. The market is volatile, so please be prepared for risk control.
BSC and opBNB hit new highs in daily active users last month
BNB Chain announced that the daily active users (DAU) of BNB Smart Chain (BSC) will approach 1.2 million in December 2023, reaching a historic high with a growth rate of 22%. The daily DAU of opBNB in December tripled to nearly 260,000. As of now, the average DAU of BSC is 1.57 million, and the average DAU of opBNB is 780,000.
Binance will remove CITY/BTC, COS/BNB and other spot trading pairs and cease trading on January 12
Binance has announced that it will remove the following spot trading pairs and stop trading: CITY/BTC, COS/BNB, COTI/BNB, FLOKI/TUSD, FUN/BNB, HIFI/ETH, LTC/UAH, MULTI/BTC, PSG/BTC starting from 11:00 on January 12, 2024 (UTC+8).
Binance released the reserve certificate for January 2024, and the BTC reserve ratio reached 103.79%
Binance released its reserve proof for January 2024, with BTC reserve ratio reaching 103.79%, USDT reserve ratio reaching 123.20%, and BNB reserve ratio reaching 106.04%.
Binance Web3 Wallet Introduces New Chains, Includes Access to 29 DEXs
Binance has announced that its Web3 wallet has introduced new chains and enhanced exchange options, including access to 29 DEX and 15 bridges. The wallet now also has 19 new integrated dApps, offering extended access to services in the DeFi, gaming, and other fields. This update also includes optimized home and exchange pages, and simplified UI experience.
Binance Adds "Monitoring Tag" to Privacy Coins, Including Monero and Zcash
Crypto exchange Binance has added a "monitoring tag" to certain cryptocurrencies, including privacy coins Monero, Zcash, Horizen, and Firo. Tokens with the monitoring tag are subject to regular reviews and are at risk of being delisted from the exchange if they no longer meet listing criteria. Users are required to pass a quiz to trade tokens marked with the monitoring tag. Binance's decision to mark privacy coins with a monitoring tag comes as the exchange has opened its books to monitoring by US financial regulators and law enforcement, following its multi-billion-dollar settlement with US regulators.
Binance reveals 8-level anti-fraud risk control measures
Binance stated in a blog post on its official website that due to the fact that cryptocurrency is a new industry, scams are becoming more frequent and complex. Therefore, it is necessary for users to constantly learn about the latest prevention methods. Binance's risk control measures are divided into 8 levels based on the strength of the fraud risk, ensuring a balance between user experience and security. These 8 levels are in order from low to high: custom pop-up notifications, interactive risk assessment forms, global malicious address database alerts, freezing small profits, 1-hour cooling-off period, 24-hour cooling-off period, chat dissuasion, and alert services.
Binance Labs announces investment in MEME
On January 4th, Binance Labs announced its investment in Memecoin (MEME), the native ecosystem token of Memeland. Memeland's core focus is on building and investing in SocialFi and creator economies, utilizing meme internet culture to connect creators and communities through its MEME token and NFTs.
Binance will launch ICP/FDUSD, LDO/FDUSD, MOVR/TRY spot trading pairs
Binance will list ICP/FDUSD, LDO/FDUSD, and MOVR/TRY spot trading pairs at 16:00 on January 5, 2024, providing users with more spot trading options. In addition, Binance will open trading robot services for the following trading pairs at 16:00 on January 5, 2024: Spot grid, spot DCA (dollar-cost averaging), intelligent position: ACE/USDT
