In 2024, the Total Value Locked (TVL) in the BNB Chain ecosystem rose by 58.2% to $5.5 billion, while the number of unique addresses grew by 17.7% to 486 million, according to the developers.
Key Achievements:
- Consolidation of the network through the merger of BNB Beacon Chain, BNB Smart Chain, and BNB Greenfield.
- Enhancements to opBNB and BNB Greenfield.
- Creation of a platform for AI-driven applications.
- Launch of the Gas-Free Carnival initiative with stablecoins.
The Gas-Free Carnival eliminated gas fees for depositing or withdrawing USDT, FDUSD, and USDC on BNB Chain and opBNB.
Security and Performance: Developers highlighted a 67% reduction in losses from cybersecurity incidents, totaling $53 million, and a 66% decrease in the number of such events.
- Daily Active Users:
- opBNB: 4.7 million average daily users.
- BNB Chain: 1.12 million average daily users.
- Transactions:
- BNB Chain: 4 million transactions per day.
- opBNB: 7.1 million transactions per day.
- Average Fees:
- BNB Chain: $0.03.
- opBNB: $0.001.
opBNB reportedly supports a gas limit of 100 million per second, achieving throughput of up to 4600 transactions per second (TPS), surpassing most L2 solutions on Ethereum.
Cultural Development: The team launched the Meme Innovation Battle, a $1 million initiative to promote meme culture.
Market Impact: On December 4, the price of BNB hit an all-time high (ATH) of $782.79 following the launch of Springboard, a platform for issuing meme coins on BNB Chain by PancakeSwap.