According to Planet Daily, Messari released the BNB Chain Q2 2023 report, with the following key points:
- The average daily active addresses and transaction numbers on the BNB Chain increased by 25.6% and 24.4% respectively, mainly driven by increased activity in LayerZero;
- The average daily active addresses on the BNB Chain reached about 1.4 million, nearly hitting the historical average level (about 1.5 million) at the end of the last bull market cycle in Q4 2021. The average new unique addresses grew by 91.1% month-over-month, reaching a historical high after a surge in activity in late April;
After the SEC's regulatory actions against Coinbase and Binance accused BNB of being a security, the market value of BNB Chain dropped by 25.2%, while the total cryptocurrency market value increased by 2% month-over-month, mainly driven by BTC and ETH;
- After the validator vote reduced the Gas fee from 5 Gwei to 3 Gwei, the average transaction fee decreased by 25.5%, and BNB Chain revenue (in BNB) decreased by 6.1% month-over-month;
- Staking on the network remained stable in Q2. BNB Chain plans to increase the number of validators from 29 to 100 through a new validator reward model (balanced mining) and a validator reputation system;
- BNB Chain continues to invest in ecosystem growth plans by introducing the Gas Grant program and the Zero2Hero incubator;
- The increase in network activity led to a resurgence of DeFi activities on LayerZero and other use cases (especially in the SocialFi field);
- Several technical developments were launched in Q2, including the Planck hard fork, Luban hard fork, and opBNB.