DeFi TVL and DEX Volumes on BNB Chain Surge in Q1 2024

🚀 Explosive Growth on BNB Chain

By BNB Smart Chain
May 6, 2024, 6:52 PM
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The Messari State of BNB Chain Q1 2024 report highlights significant growth across key metrics.​ Daily active addresses on the BNB Chain increased by 26% compared to the previous quarter.​ DeFi Total Value Locked (TVL) surged by 67%, while average daily DEX volume soared by 193%.​ DEX volumes hit quarterly highs not seen since Q4 2022, averaging $1.​1 billion daily.​ Additionally, Season 7 of the MVB Program accelerated 13 diverse projects within the BNB Chain ecosystem.​

Sources

🚀 The Messari State of BNB Chain Q1 report is now live! Here are some of the key highlights: 🔸BSC Avg. daily active addresses: +26% 🔸DeFi TVL: +67% 🔸Avg. daily DEX volume: +193% 🔸DEX volumes hit quarterly highs not seen since Q4 2022, averaging $1.1 billion daily.

Messari
Messari
@MessariCrypto

State of @BNBChain Q1 🟨 Key Update: BNB Smart Chain's ecosystem got off to a hot start in 2024. QoQ Metrics 📊 - Revenue 70% ⬆️ - DeFi TVL 67% ⬆️ - Avg Daily DEX volume 193% ⬆️ Read the full report 🔗 messari.io/report/state-o…

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