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."
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.
Data: BNB falls below $300
Binance-BNB/USDT is currently trading at $297.90, with a 24-hour decrease of 5.39%.
BNB exceeded 330 USDT, rising 4.13% in 24H
BNB has broken through 330 USDT and is currently trading at 332.9 USDT, with a 24-hour increase of 4.13%.
BNB Chain: Plans to double opBNB transaction speed and reduce gas fees by 10 times
BNB Chain has released its 2023 annual report, stating that the number of daily active users exceeded 1 million in the past year, with a significant increase. The second-layer expansion solution opBNB and the blockchain storage platform Greenfield have both been launched on the mainnet. On December 17th, opBNB set a new record for daily transaction volume with over 23 million transactions. In addition, BNB Chain provides a monthly reward of up to $160,000 for projects with high total lock-up amounts on opBNB, as well as a monthly BNB token incentive worth $200,000 for projects ranking in the top ten in terms of daily active users. In the latest roadmap, BNB Chain plans to increase the transaction speed of opBNB by more than double and reduce Gas fees by 10 times.
BNB's market value rebounded and overtook SOL, returning to fourth place in the cryptocurrency market value rankings
According to CoinGecko data on December 28th, BNB's total market value has surpassed SOL (approximately 45.19 billion US dollars) with about 51.28 billion US dollars, returning to the fourth place in the cryptocurrency market value rankings. On December 22nd, SOL's market value had once surpassed BNB.
BNB breaks through $330, rising 9.45% in 24 hours
According to OKX market information on December 28th, BNB broke through $330 and is now priced at $333.4, with a 24-hour increase of 9.45%.
The BNB Greenfield testnet is expected to undergo the Manchurian hard fork on January 4
BNB Chain announced on X platform that the decentralized data storage network BNB Greenfield testnet is expected to undergo a Manchurian hard fork at block height 3,922,485 (12:00 on January 4th Beijing time). Validators need to upgrade to greenfield v1.2.1 in advance, and storage providers (SP) need to upgrade to greenfield-storage-provider v1.2.2 in advance. The upgrade will not affect the account balance or data stored on the Greenfield testnet. This hard fork will introduce "MsgSetTag" to enhance message delivery and fix vulnerabilities in GVG creation and bucket status events.
