BNB launches its 2024 End of Year Report: A Year of Building, Growth, and Transformation
Dubai, UAE, December 23rd, 2024, Chainwire
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has launched its 2024 End of Year Report. 2024 has been a transformative year for the BNB Chain ecosystem, marked by advancements in scalability, security, and developer support.
In 2024, BNB Chain kept consolidating the “One BNB” multichain strategy, opBNB continued to revolutionize scalability with 4,600 transactions per second (TPS) and a 100M gas limit per second. Greenfield, the storage chain, introduced key forks—Hulunbeier, Ural, and Pawnee—enhancing features, and launched Greendrive, supporting 30+ public datasets with a revamped UI.
BNB Chain’s ecosystem saw remarkable growth in 2024. opBNB averaged 4.7M daily active users (DAU), while BSC reached 1.12M DAU. BSC’s unique addresses grew by 17.7% to over 486M, with Total Value Locked (TVL) rising 58.2% to $5.5B. opBNB’s TVL increased 27.6% to $19.2M, showcasing robust ecosystem expansion.
Transaction volumes also exhibited strong performance. BSC maintained an average of 4 million daily transactions, representing a 2.5% increase from 2023, while opBNB processed an impressive average of 7.1 million transactions per day.
Security was a critical focus area for BNB Chain in 2024, reducing financial losses from breaches by 67% (from $162M in 2023 to $53M) and incidents by 66%, highlighting the success of enhanced measures.
Other highlights from 2024:
- Gas-Free Carnival launched in September, 2024 to exemplify stablecoin adoption.
- Memecoin Innovation, a total of $1 million was pledged and distributed to support community and projects.
- MVB just opened applications for Season 9 with a strong focus on projects exploring the intersection of blockchain and artificial intelligence, to build an AI-first BNB Chain.
- MVB Season 7 saw 13 projects selected from over 700 applicants, with five projects receiving investments from Binance Labs, Season 8 saw 35 projects selected from over 500 applicants. Admitted projects also gained access to BNB Chain’s Launch-as-a-Service (LaaS) package, offering up to $250,000 in tools and services to selected projects.
- The BNB Incubation Alliance (BIA) organized five global events and awarded over 12 winners with access to LaaS and the Kickstart program.
- Several Hackathons were hosted during 2024 further underscoring BNB Chain’s commitment to nurturing Web3 talent, with over $2 million in prizes awarded to over 20 projects.
Looking ahead to 2025, BNB Chain will continue to empower early-stage projects and developers. It will focus on continuously improving user experience to achieve its mission to onboard the next billion users to Web3.
Users can read more about what BNB Chain has achieved in 2024 here.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
For more, users can follow BNB Chain on X or start exploring via their Dapp library.
Contact: PR@bnbchain.org
