The post BNB Chain in Q1 2025—Will Momentum Continue? appeared on BitcoinEthereumNews.com.

The first quarter of 2025 saw a huge increase in Binance (BNB) Smart Chain. It outperformed the fourth quarter of the previous year in a number of ways. That shows the chain has solidified its position in the cryptocurrency space. Binance Chain Onchain Activity For Q1 2025, the average daily transactions increased by 20.9%, from 4.0M to 4.9M. The number of active daily addresses participating in the blockchain grew by 26.4% throughout the first quarter, from 0.9 million to 1.2 million. It showed a sustained boost in user participation. There was a 25% hike in average transactions between Q1 and Q4. It increased from $0.12 to $0.15. At the same time, the BNB fee rate increased by 25.3% from 0.00019 to 0.00023. BNB chain chain activity | Source: Messari Fees increased by 25% in dollar terms, mainly because the network experienced greater usage. However, both absolute fee metrics stayed relatively low. The chain also maintained its network stability as constant validator numbers remained at 45. Network stake value in USD decreased by 11.8% from $20.8 billion to $18.4 billion. That showed investors made profits and reallocated funds despite positive network activity. In this time, there was an increase the value of BNB staking, to 30.4 million BNB, reflecting a 2.4% increase in this period. The staking value dropped a bit, but user activity metrics throughout Q1 showed robust behavior. Any subsequent growth in using the BNB chain depended on the continuing positive trends reflected in its momentum. BNB Smart Chain DEX Volume and TVL In the first quarter, there was growth in decentralized exchange (DEX) activity on the BNB Chain. The quarter-over-quarter growth of average daily volumes grew 79.1% to reach $2.3 billion. For PancakeSwap, it was 91.8% of total DEX trading activity. BNB Chain DEX volumes | Source: Messari…

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Filed under: News - @ May 2, 2025 1:26 am