BSC Records Impressive Growth in Daily Active Users (DAU) and Total Value Locked (TVL)
BSC Records Impressive Growth in Daily Active Users (DAU) and Total Value Locked (TVL)
The Binance Smart Chain (BSC) experienced a record-breaking daily active users (DAU) of nearly 1.2 million in December 2023, showing a 22% growth rate. OpBNB, one of the fastest-growing chains, also tripled its daily DAU to almost 260,000 during the same period. The launch of SleeplessAI_Lab and the performance of projects like nfprompt and qnaweb3 contributed to the increased activity on BNB Chain. The total value locked (TVL) on BSC increased by 11.9% to $5.18 billion, with Kinza Finance and Venus Protocol experiencing significant growth. BSC is currently the leading EVM Chain for Inscription mints by participating addresses.
📊 In December 2023, BSC saw a record-breaking daily active users (DAU) of nearly 1.2 million, marking the highest since Q4 with an impressive 22% growth rate! We've visualized these exciting developments in the thread below. 🧵 [1/8]
🏗️ Bitrise Capital Backs RWA
**Bitrise Capital** is expanding support for Real World Assets (RWAs) on BNB Chain through a comprehensive growth initiative. The investment firm will provide: - Direct investment funding - Liquidity support for projects - Acceleration programs for builders This builds on BNB Chain's existing **RWA Incentive Program** launched in September, which offers compliance resources and technical guidance to help projects scale from zero to one. The growing RWA ecosystem represents a key focus area as traditional assets move onchain, with BNB Chain positioning itself as a major hub for this transition.
BNB Chain Explores Stablecoin Evolution from USDT to USYC
**Stablecoins are transforming digital money** on blockchain networks, with BNB Chain providing comprehensive analysis of their evolution. The platform examines various stablecoin types and their underlying mechanisms, from established options like **USDT to emerging alternatives like USYC**. Key focus areas include: - Different stablecoin categories and how they maintain price stability - Technical mechanisms powering these digital assets - **Real-world DeFi applications** driving mainstream adoption BNB Chain highlights practical use cases spanning payments, savings, lending, and real-world asset tokenization. These applications demonstrate how stablecoins serve as foundational infrastructure for the onchain economy. [Read the full analysis](https://www.bnbchain.org/en/blog/stablecoins-on-bnb-chain-understanding-types-mechanisms-and-real-use-cases)
BSC Testnet Prepares for Fermi Hardfork Activation Tomorrow
**BSC developers receive final reminder** as the Fermi Hardfork prepares to activate on the testnet tomorrow (November 10). Key points for developers: - Hardfork release is now available - Activation scheduled for BSC testnet - Final preparation window closing This testnet deployment represents a crucial testing phase before potential mainnet implementation. Developers should ensure their systems are updated and compatible with the new hardfork specifications. **Action required:** Review hardfork documentation and prepare testing environments.
Buenos Aires Local Hack Registration Open - Learn Judging Criteria
A **Local Hack event** is happening in Buenos Aires with registration still open. Participants can review the **judging criteria** used to evaluate hackathon winners before joining the event. - Registration deadline approaching soon - Full event details available - Winner evaluation process outlined for transparency Sign up: [Buenos Aires Local Hack](https://luma.com/556u6boj)
BNB Chain Maintains Lead in Active Users for 30 Days Straight
**BNB Chain continues to dominate** blockchain activity, securing the #1 position for active users over the past 30 days according to Token Terminal data. This marks **consistent performance** for the Binance-backed network, which has maintained its leading position in user engagement metrics. Key highlights: - Top ranking in 30-day active user count - Sustained user activity and network adoption - Competitive advantage over other major chains The data reinforces BNB Chain's position as a **major player** in the blockchain ecosystem, attracting significant user activity despite increased competition from other networks.