BNB Chain Q2 2025 data from Messari underscores sustained on-chain expansion, with market capitalization up 7.5% to $92.6 billion and average daily transactions surging 101.9% to 9.9 million. Daily active addresses rose 33.2% to 1.6 million, supported by 17 million new addresses in May, signaling robust user engagement and network utility.
Decentralized exchange activity dominated the quarter: average daily DEX trading volume reached $3.3 billion with PancakeSwap holding an 85.1% share, while Uniswap reported quarterly growth to $297 million. Network-wide fees compressed 90% to 0.1 gwei. The stablecoin sector expanded materially, with market cap up 49.6% to $10.5 billion and USD1 launching with $2.2 billion.
Protocol-level upgrades delivered latency and interoperability gains: Lorentz/Maxwell reduced block time to 0.75s, Volta achieved 500ms blocks and sub-second finality, and opBNB cross-chain TVL reached $64.9 million. Ecosystem initiatives, including MVB Season 9 and a $4 million gas fee subsidy, continued to foster early-stage project adoption.