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

New Wallet Buys 9,486 ETH at $4,720 Avg After Receiving $44.78M USDC from Coinbase Prime — LookIntoChain

COINOTAG reported on September 13 that on-chain analytics provider...

Hyperliquid Whale “INeedACook” Nets $7.1M — 1,250 Bitcoin Long Now Up $2.78M

According to COINOTAG News and on-chain analyst Yu Jin...

New Wallet Opens $50.8M 20x ETH Short on HyperLiquid — 10,796 ETH at $4,718 Entry (Liquidation $5,086)

COINOTAG News reported on September 13 that on-chain monitoring...

LiveOne (LVO) Discloses Bitcoin Holdings Surpass $5M — BlockBeats News (Sept 13)

Music and entertainment firm LiveOne (NASDAQ: LVO) reported that...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img