Messari: BNB Chain's average daily active addresses in Q2 increased by 25.6% and 24.4% month-on-month

ChainCatcher news, Messari released the BNB Chain Q2 2023 report, which shows that the average daily active addresses and transaction volume on BNB Chain increased by 25.6% and 24.4%, respectively. This growth was primarily driven by increased activity from LayerZero. The average daily active addresses on BNB Chain reached approximately 1.4 million.

After the SEC's regulatory actions against Coinbase and Binance, accusing BNB of being a security, the market capitalization of BNB Chain dropped by 25.2%. After BSC validators voted to reduce Gas fees from 5 Gwei to 3 Gwei, the average transaction fees decreased by 25.5%, and BNB Chain's revenue (in BNB) fell by 6.1% quarter-over-quarter. Staking on the network remained stable in the second quarter.

It is reported that BNB Chain plans to increase the number of validators from 29 to 100 through a new validator reward model (balanced mining) and a validator reputation system. BNB Chain continues to invest in ecosystem growth plans by introducing the Gas Grant program and the Zero2Hero incubator. (Source link)