BNBChain's Q4 2024 Report Highlights Significant Growth

According to PANews, Messari has released its fourth-quarter report for BNBChain in 2024, detailing significant growth in its ecosystem and various metrics. By the end of Q4, BNB's market capitalization reached $101.09 billion, marking a 114% increase compared to the beginning of the year.The DeFi ecosystem on BNBChain saw an annual growth of 53%, with a 10% increase in the fourth quarter, reaching a total value locked (TVL) of $5.35 billion. ListaDao was a standout performer, with its TVL growing by 174%. The daily average trading volume on BNBChain's decentralized exchanges (DEX) increased by 122% in the fourth quarter, reaching $1.29 billion, and saw an annual growth of 269%.The stablecoin market also experienced steady growth, with BNBChain maintaining its position as the third-largest stablecoin ecosystem globally, following Ethereum and Tron. The total market value of stablecoins on BNBChain reached $6.84 billion in the fourth quarter. In the BTCFi sector, the number of holders grew by 5% quarter-over-quarter, surpassing one million users, with Solv and Lorenzo being notable contributors.On the technical front, 96% of blocks utilized BuilderAPI by the end of the year, enhancing block speed and MEV transparency. The number of active validators increased from 40 to 45, further decentralizing BNBChain.