BNB Chain posts strong Q1 performance despite 15% market cap dip: Messari
BNB Chain delivered a standout Q1 efficiency in income and on-chain metrics, at the same time as its market cap dipped virtually 15%.
In response to a brand new report by Messari, BNB Chain posted sturdy income efficiency in Q1 2025, with community earnings leaping 58.1% quarter-over-quarter to $70.8 million. The surge was largely pushed by a 122.6% improve in wallet-to-wallet transaction charges, accounting for 17.4% of whole income, surpassing DeFi. The DeFi class contributed a modest 8.4% of whole income, rising 7.6% QoQ, whereas stablecoin-related actions made up 5.2% of income, growing 23.4% QoQ, however with a diminished income share of 5.2%.
Supply: Messari
Regardless of the spectacular income development, BNB’s market cap declined by 14.8% over the quarter, ending at $86.2 billion. Nonetheless, BNB maintained its rank because the fourth-largest non-stablecoin crypto asset by market cap.
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So far as on-chain exercise is anxious, BNB Good Chain noticed common day by day transactions climb 20.9% QoQ to 4.9 million, whereas day by day lively addresses jumped 26.4% to 1.2 million. Stablecoins continued to dominate, making up roughly 45% of all transactions at 1.2 million per day, and wallet-to-wallet transfers surged 50.9% to 835,000 day by day. Whole worth locked in BNB Good Chain rose 14.7% in BNB phrases.
Supply: Messari
DEX quantity surged 79.3% QoQ, averaging $2.3 billion in day by day buying and selling, with PancakeSwap accounting for over 90% of the chain’s whole DEX exercise.
Messari additionally famous the profitable rollout of the Pascal exhausting fork, which launched key technical upgrades akin to EIP-7702 sensible contract wallets, batch transaction help, and improved cryptography. Moreover, the BNB Good Will Alliance, launched in March, helped slash sandwich assaults by greater than 90% by coordinated MEV safety efforts.
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