BNB Chain Q1 Report: Daily DEX Trading Volume on BSC Increased by 193%
ChainCatcher news, Messari released the BNB Chain Q1 2024 status report, with the following key points:BNB Smart Chain achieved growth in several key areas in the first quarter, including a 89% increase in market capitalization, a 70% increase in revenue in USD, a 26% increase in daily active addresses, a 67% increase in DeFi TVL, and a 193% increase in daily DEX trading volume.Stablecoins and DEX became the main drivers of trading in the first quarter. USDT (with an average daily trading volume of 619,300) and PancakeSwap (with an average daily trading volume of 345,200) together accounted for 74% of all transactions in the first quarter.DEX trading volume on BNB Smart Chain reached a quarterly high not seen since Q4 2022, with an average daily trading volume of up to $1.1 billion.The MVB Accelerator Program Season 7 launched in March, featuring 13 projects covering various fields such as DeFi, AI, and social.BNB Chain is making progress on its technical roadmap. In the next quarter, BNB Beacon Chain will cease operations, and the staking and governance mechanisms will be transferred to BNB Smart Chain.