State of BNB Smart Chain Q4 2023
BNB Smart Chain (BSC) processed a record 32 million transactions in a single day and 4.6 million average daily transactions in Q4’23, up 30% QoQ and up 35% YoY.
BSC grew its revenue by 27% QoQ and saw its market capitalization increase by 48% QoQ.
The number of active validators on BSC grew from 32 to 40, up 25% QoQ and up 54% YoY. This growth was spurred by the implementation of BEP-131 and BEP-159.
Venus Protocol overtook PancakeSwap in DeFi TVL share on BSC, accounting for 39% of the total share; PancakeSwap accounted for 37%.
