{"id":19853,"date":"2024-12-24T15:44:48","date_gmt":"2024-12-24T13:44:48","guid":{"rendered":"https:\/\/forklog.com\/en\/bnb-chains-defi-ecosystem-expands-by-58-in-2024\/"},"modified":"2024-12-24T15:44:48","modified_gmt":"2024-12-24T13:44:48","slug":"bnb-chains-defi-ecosystem-expands-by-58-in-2024","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bnb-chains-defi-ecosystem-expands-by-58-in-2024\/","title":{"rendered":"BNB Chain&#8217;s DeFi Ecosystem Expands by 58% in 2024"},"content":{"rendered":"<p>In 2024, the <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> of the BNB Chain ecosystem surged by 58.2% to $5.5 billion, while the number of unique addresses increased by 17.7% to 486 million, according to data <a href=\"https:\/\/www.bnbchain.org\/en\/blog\/2024-annual-report-on-bnb-chain\">released<\/a> by the development team.<\/p>\n<p>Key achievements include:<\/p>\n<ul class=\"wp-block-list\">\n<li>network consolidation through the merger of BNB Beacon Chain, BNB Smart Chain, and BNB Greenfield;<\/li>\n<li>enhancements in opBNB and BNB Greenfield;<\/li>\n<li>the creation of a platform for AI-driven applications;<\/li>\n<li>the Gas-Free Carnival initiative with stablecoins.<\/li>\n<\/ul>\n<p>The latter eliminated gas fees for depositing or withdrawing USDT, FDUSD, and USDC on BNB Chain and opBNB.<\/p>\n<p>Developers noted a 67% reduction in damages from cybersecurity incidents, down to $53 million, and a 66% decrease in their frequency.<\/p>\n<p>The average daily number of active users on opBNB reached 4.7 million, while BNB Chain averaged 1.12 million.<\/p>\n<p>The number of transactions processed daily increased to 4 million on BNB Chain and 7.1 million on opBNB.<\/p>\n<p>The average fee in the first case was $0.03, and in the second, $0.001.<\/p>\n<p>Developers claim that opBNB supports a gas limit of 100 million per second, delivering performance up to 4600 <span data-descr=\"transactions per second\" class=\"old_tooltip\">TPS<\/span>, surpassing most Ethereum L2 solutions.<\/p>\n<p>The team launched the Meme Innovation Battle initiative with a $1 million budget to foster meme culture development.<\/p>\n<p>Back in December 4, BNB&#8217;s price reached a <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> of $782.79 after DEX PancakeSwap <a href=\"https:\/\/blog.pancakeswap.finance\/articles\/introducing-pancake-swap-spring-board-create-and-launch-your-project-s-token-on-bnb-chain-pancake-swap-all-in-one-place-1\">introduced<\/a> Springboard, a platform for launching meme coins on BNB Chain.<\/p>\n<p>In September, the blockchain team <a href=\"https:\/\/www.bnbchain.org\/en\/blog\/bnb-chain-on-telegram-the-gateway-to-web3-for-users-and-developers\">opened a gateway<\/a> with the Telegram messenger to ensure seamless Web3 access for users and developers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, the TVL of the BNB Chain ecosystem surged by 58.2% to $5.5 billion, while the number of unique addresses increased by 17.7% to 486 million, according to data released by the development team. Key achievements include: network consolidation through the merger of BNB Beacon Chain, BNB Smart Chain, and BNB Greenfield; enhancements in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1307,1145],"class_list":["post-19853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnb-chain","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19853"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19852"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}