BNB Chain Reports Growth in DeFi and AI Sectors Amid New Initiatives
The post BNB Chain Reports Growth in DeFi and AI Sectors Amid New Initiatives appeared on BitcoinEthereumNews.com.
Iris Coleman May 31, 2025 15:06 Explore the latest BNB Chain weekly report, highlighting key data, ecosystem updates, and live projects, including growth in DeFi and AI sectors. The BNB Chain ecosystem has witnessed significant developments in the last week, with notable progress in decentralized finance (DeFi) and artificial intelligence (AI) sectors. According to the BNB Chain blog, the network continues to expand its offerings and collaborations, showcasing an increase in user engagement and transaction volume. Key Data Highlights During the week of May 20-26, the BNB Chain reported substantial activity across its platforms. The Binance Smart Chain (BSC) and opBNB platforms recorded daily active users (DAU) of 1,930,526 and 2,027,348, respectively. Trading volume for the period reached $69.75 billion, while the total value locked (TVL) was reported at $10.582 billion. Live Projects and Innovations The BNB Chain ecosystem saw the launch of several innovative projects. UpTop, a DeFi liquidity protocol, and Volare Finance, offering decentralized options trading, are among the new entrants. Additionally, AI-driven initiatives like VideoXBT, which aims to integrate AI into marketing strategies, highlight the growing intersection of AI and blockchain technology. Ecosystem Updates BNB Chain introduced a Real-World Assets (RWA) Incentive Program to foster on-chain RWA projects through rewards and technical support. Furthermore, the launch of the BNB Chain AI Bot marks a step toward a more intelligent blockchain experience by enhancing user interaction with the platform. Significant updates include the Maxwell Hardfork activation on the testnet, promising faster block times and improved network performance. The BNB AI Hack also concluded its latest batch, selecting eleven Tier 4 projects to advance AI and Web3 innovations. Future Prospects Looking ahead, the BNB Chain’s MVB 10 accelerator program is set to close applications on June 6, with a new cohort beginning in July. The network is actively seeking…
Filed under: News - @ June 1, 2025 12:27 am