Messari has released the Q1 2024 status report for BNB Chain, with the following highlights:-BNB Smart Chain has seen growth in some key areas in Q1, including an 89% increase in market cap, a 70% increase in USD-based revenue, a 26% increase in daily active addresses, a 67% increase in DeFi TVL, and a 193% increase in daily DEX trading volume.-Stablecoins and DEXs were the main drivers of Q1 trading. USDT (with a daily average of 619,300 trades) and PancakeSwap (with a daily average of 345,200 trades) accounted for 74% of all trades in Q1.-DEX trading volume on BNB Smart Chain reached a quarterly high since Q4 2022, with a daily average trading volume of $1.1 billion.-The 7th season of the MVB Accelerator Program will launch in March, with 13 projects selected covering multiple areas such as DeFi, AI, and social media.-BNB Chain is making progress on its technology roadmap. In the next quarter, BNB Beacon Chain will cease operations and staking and governance mechanisms will be transferred to BNB Smart Chain.
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BNB Chain Q1 Report: Average daily DEX transaction volume on BSC increased by 193%
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