BNB Chain Q3 Status Report: The number of active validators increased by 10% month-on-month, and the BNB circulating supply decreased by 1.3%

Messari released the BNB Chain 2023 Q3 status report. The key points are as follows: - The number of active validators on BNB Chain increased by 10% month-on-month, from 29 to 31; in the same period last year, there were only 21 validators on BNB Chain. - Due to BNB’s token burning mechanism, the circulating supply of BNB decreased by 1.3% in Q3. BNB burned 13,400 BNB ($3.1 million) this quarter, a 23% decrease from the previous quarter. This implies an annualized inflation rate of -5.8% in Q3, keeping BNB deflationary as in previous quarters. - DeFi TVL in BNB remained stagnant throughout the third quarter. However, BNB price fell by 23%, causing TVL in USD terms to also fall by 23%. - Declines in BNB price (-23%), daily trading volume (-14%) and BNB daily trading fees (-12%) resulted in a 41% sequential decline in all fee revenue charged by the protocol in USD terms. - BNB Chain launched opBNB in ​​Q3 and is making progress in developing BNB Greenfield (storage network), which is scheduled to launch in Q4.