market cap doubles, revenue up over 200%
In 2024, BNB’s market cap greater than doubled to $101 billion, whereas annual income reached $234 million, making BNB Sensible Chain one of many high Layer-1 blockchains by earnings.
In line with the State of BNB Chain Q4 2024 report by Messari, BNB’s market cap rose 22% quarter-over-quarter to $101 billion in This fall 2024, greater than doubling over the 12 months. Regardless of robust development, BNB barely underperformed BTC, which recorded a 122% annual improve.
Community income additionally climbed, reaching $44.6 million in This fall—up 28% from the earlier quarter. In BNB phrases, income elevated 10% to 69,500 BNB. For the total 12 months, whole income hit $234 million, reinforcing BNB’s place as a high Layer-1 blockchain by earnings.
On-chain exercise rebounded in This fall, pushed by a rallying market, with common each day transactions and each day lively addresses rising by 18% and eight%, respectively. Nonetheless, each metrics remained decrease year-over-year.
Stablecoins dominated community exercise, accounting for practically half of all transactions and seeing a 32% improve. In addition they led in each day lively addresses, making up half of all lively customers and rising by 24% over the quarter.
Lastly, BNB Sensible Chain’s DeFi whole worth locked noticed regular development in This fall, surpassing $5 billion. Nonetheless, it dropped to the fifth-largest chain after being overtaken by Bitcoin. Over the 12 months, TVL in USD surged, however its worth in BNB declined, reflecting the impression of BNB’s value appreciation.
