Binance's BNB Chain faced a decline in revenue and coin value due to regulatory issues and lower transaction fees. However, the blockchain made upgrades and plans to expand its validator model, resulting in stable staking and increased transactions and daily active addresses. NFT activity on the chain increased in Q2, but GameFi activity slowed down by 3%.

The introduction of BEP-131,153 and BEP-159 and the integration of Luban hard fork and opBNB also contributed to the network's development. Despite a 26.3% decrease in Total Value Locked (TVL) due to lower liquidity provided by Ankr, BNB Chain plans to integrate a Zero Knowledge (ZK) rollup zkBNB and create a new validator model, which could lead to a better Q3.