📊 BNB Chain Q3 Report: Revenue Up 54%, but Daily Active Addresses Down 14%
BNB Chain released Blockworks’ Q3 holder report, and the data is a mixed bag:
• Network revenue: $54.2 million, up 54% quarter over quarter ($49.1 million in transaction fees + $5.1 million in MEV)
• Quarterly transactions: 1.51 billion, up 7.5%
• Average daily active addresses: 2.1 million, down 14% quarter over quarter; average daily new addresses: 482,000, down 27%
• Smart contracts deployed: 12.3 million (4.5 million in Q2); around 5,100 unique deployers per day, up 13%
• Tokenized stock trading volume: around $25.6 billion
Analysis: Transaction counts are still rising because each active address is sending more transactions (around 7.8 per day on average). Revenue is being supported by “fewer but more active users.” The surge in contract deployments is partly driven by automation and AI Agent tools, and doesn’t necessarily mean real users grew year over year.
Airdrop farming tip: Activity in the ecosystem is becoming concentrated among high-frequency, tool-oriented users. Before interacting with a project, check whether it has real users and a real product—don’t focus only on points. For on-chain interactions, pay only the gas fee; don’t grant approvals or transfer funds to unfamiliar contracts.
Do you think the decline in daily active users is due to the industry cycle, or has a new narrative yet to take over? Let’s discuss in the comments 👇
$BNB #BNBChain #空投 #AirdropFarming
Not investment advice. DYOR
BNB Chain released Blockworks’ Q3 holder report, and the data is a mixed bag:
• Network revenue: $54.2 million, up 54% quarter over quarter ($49.1 million in transaction fees + $5.1 million in MEV)
• Quarterly transactions: 1.51 billion, up 7.5%
• Average daily active addresses: 2.1 million, down 14% quarter over quarter; average daily new addresses: 482,000, down 27%
• Smart contracts deployed: 12.3 million (4.5 million in Q2); around 5,100 unique deployers per day, up 13%
• Tokenized stock trading volume: around $25.6 billion
Analysis: Transaction counts are still rising because each active address is sending more transactions (around 7.8 per day on average). Revenue is being supported by “fewer but more active users.” The surge in contract deployments is partly driven by automation and AI Agent tools, and doesn’t necessarily mean real users grew year over year.
Airdrop farming tip: Activity in the ecosystem is becoming concentrated among high-frequency, tool-oriented users. Before interacting with a project, check whether it has real users and a real product—don’t focus only on points. For on-chain interactions, pay only the gas fee; don’t grant approvals or transfer funds to unfamiliar contracts.
Do you think the decline in daily active users is due to the industry cycle, or has a new narrative yet to take over? Let’s discuss in the comments 👇
$BNB #BNBChain #空投 #AirdropFarming
Not investment advice. DYOR