Messari: BNB Chain Q2 daily active addresses and transactions increased by 25.6% and 24.4% respectively

Odaily Planet Daily News Messari released the BNB Chain 2023 second quarter report, the main points are as follows: - BNB Chain daily active addresses and transactions increased by 25.6% and 24.4% respectively, this growth was mainly driven by the increase in LayerZero activities; - The average daily active addresses of BNB Chain reached about 1.4 million, which almost reached the historical average level (about 1.5 million) at the end of the last bull market cycle in the fourth quarter of 2021. The average newly added unique address increased by 91.1% month-on-month, reaching an all-time high after a surge in activity in late April; After the SEC accused BNB of being a security in regulatory actions against Coinbase and Binance, the market value of BNB Chain fell by 25.2%, compared with a 2% increase in the total cryptocurrency market value, mainly driven by BTC and ETH; - After validators voted to reduce the gas fee from 5 Gwei to 3 Gwei, the average transaction fee decreased by 25.5%, and BNB Chain revenue (in BNB terms) decreased by 6.1% month-on-month; - Staking on the network remained stable in Q2. BNB Chain plans to increase the number of validators from 29 to 100 through a new validator reward model (balanced mining) and validator reputation system; - BNB Chain continues to invest in the growth plan of the ecosystem by introducing the Gas Grant program and the Zero2Hero incubator; - Increased network activity leading to a resurgence of DeFi activity on LayerZero and other use cases, especially in the SocialFi space; - Several technical developments were launched in Q2, including the Planck hard fork, the Luban hard fork, and opBNB.