BNB Chain Review 2023, focusing on high-frequency DeFi, full-chain gaming, AI+Web3, and DePIN

ChainCatcher news, BNB Chain published an article on its official website, making the following commitments to the Web3 community: openness, multi-chain capabilities, empowering creators and innovators, permissionless and permanently decentralized.

In the article, BNB Chain also summarized its achievements for 2023:

By the end of 2023, BSC processed 32 million transactions per day, reaching a peak throughput of 2,000 transactions per second. opBNB also set a historical record in the fourth quarter, processing 71 million transactions in a single day, with a rapid throughput of 4,500 transactions per second. In 2023, BNB Chain saw a year-on-year reduction of 85% in total losses due to hacks and fraud.

BNB Chain stated that BSC has become one of the most active L1 blockchains, with approximately 1 million DAU. opBNB established itself as the most active L2 by the end of 2023, and it remains the L2 blockchain with the highest DAU so far in 2024.

As the third-largest Layer-1 protocol by market capitalization, BSC made impressive progress across multiple metrics in the fourth quarter of 2023, highlighting the vitality and productivity of its ecosystem:

The BNB burned gas fees, a key indicator reflecting network activity, increased by 21% between the third and fourth quarters of 2023.

Throughout 2023, BSC demonstrated its ability to handle high activity volumes, with daily transactions on the network experiencing a 35% year-on-year growth.

The DeFi ecosystem reached a total locked value (TVL) of $4.6 billion by the end of 2023, with DeFi TVL growing 33% year-on-year in the quarter.

BNB Chain stated that it focuses on supporting high-frequency DeFi, full-chain gaming, AI + Web3, DePIN, and other fields.