BNBChain Q4 2024 Report: Ecosystem Growth Soars with 114% Market Cap Increase and 53% DeFi Expansion

COINOTAG News reports that Messari has unveiled its BNBChain 2024 Q4 Report, emphasizing substantial ecosystem expansion and critical growth metrics in the blockchain space. By the end of Q4, BNB’s market capitalization soared to $101.09 billion, reflecting a remarkable 114% year-over-year increase. The DeFi sector on BNBChain exhibited a solid 53% annual growth, complemented by a further 10% increase in the last quarter, with the Total Value Locked (TVL) amounting to $5.35 billion. ListaDao significantly contributed to this growth with a staggering 174% increase in TVL.

The decentralized exchange (DEX) ecosystem also thrived, as the average quarterly trading volume accelerated by 122% to reach $1.29 billion. On an annual basis, average DEX trading volumes surged by 269%. The stablecoin segment demonstrated consistent progress, establishing BNBChain as the third-largest stablecoin ecosystem globally, trailing behind Ethereum and Tron, with a combined market value of $6.84 billion in Q4.

Moreover, in the BTCFi arena, the number of holders witnessed a 5% month-over-month growth, eclipsing one million users, with platforms like Solv and Lorenzo exhibiting strong performance. On the technical side, the implementation of BuilderAPI saw 96% of blocks utilizing this tool by year-end, enhancing block speed and maximizing MEV transparency. Additionally, the count of active validators increased from 40 to 45, reinforcing the decentralization of BNBChain. This chain remains dedicated to bolstering crypto applications and enticing the next billion users into the Web3 ecosystem.