Messari released the BNB Chain 2024 Quarter 1 Status Report, with the following highlights:
- BNB Smart Chain saw an 89% increase in market cap in Quarter 1, a 70% increase in dollar-denominated revenue, a 26% increase in average daily active addresses, a 67% increase in DeFi TVL, and a 193% increase in average daily DEX volume. - Stablecoins and DEX became the main drivers of transactions in Quarter 1. USDT (619,300 transactions per day) and PancakeSwap (345,200 transactions per day) together accounted for 74% of all transactions in Quarter 1.
The DEX transaction volume on BNB Smart Chain reached a quarterly high since the fourth quarter of 2022, with an average daily DEX transaction volume of $1.10 billion.
BNB Chain Q1 report: BSC average daily DEX transaction volume increased by 193%
2024-04-25 09:21:30
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