BNB Chain Sees Major Growth: Gas-Free Carnival Launch and Surge in DeFi and NFT Activity

According to the latest BNB Chain Q3 report released by Messari on November 8th, a significant development during the quarter was the introduction of the “Gas-Free Carnival”. This initiative facilitates free stablecoin transfers, designed to enhance user experience and drive ecosystem adoption. In addition to this groundbreaking feature, the report highlighted noteworthy trends within the BNB ecosystem. The total value locked (TVL) in decentralized finance (DeFi) increased by 2% to reach $4.85 billion, indicating a resilient growth trajectory amidst fluctuating market conditions. Furthermore, the non-fungible token (NFT) sector experienced a dramatic 283% surge in daily trading volume, showcasing growing interest among collectors and investors. Additionally, the amount staked in BNB saw a 7% rise, totaling 32.4 million BNB, reflecting increasing confidence in the BNB ecosystem’s future.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Whale Shorting ETH: $53.8 Million Position on Hyperliquid Faces $1.2 Million Loss

On December 24th, COINOTAG News reported that significant trading...

Grayscale Transfers 2,117 BTC: A Major Move in Bitcoin Worth Over $203M

On December 24th, COINOTAG News reported significant activities within...

Whale Pleven.eth’s Strategic Moves: Acquires 934 ETH for $3.23M and Profits $214K from LINK Trade

In a recent report by COINOTAG News dated December...

Bitcoin Price Surge to $100,000 Could Trigger $8.63 Billion in Liquidations

According to a recent report from COINOTAG News dated...

MicroStrategy’s Michael Saylor Celebrates $299 Million ‘Christmas Gift’ with 3177 BTC Net Income

In a recent update, MicroStrategy's founder, Michael Saylor, revealed...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img