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BNB launches its 2024 End of Year Report: A Year of Building, Growth, and Transformation

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BNB launches its 2024 End of Year Report: A Year of Building, Growth, and Transformation

BNB Chain, the community-driven blockchain ecosystem that includes the world's largest smart contract blockchain, has launched its 2024 End of Year Report. 2024 has been a transformative year for the BNB Chain ecosystem, marked by advancements in scalability, security, and developer support.

In 2024, BNB Chain kept consolidating the "One BNB" multichain strategy, opBNB continued to revolutionize scalability with 4,600 transactions per second (TPS) and a 100M gas limit per second. Greenfield, the storage chain, introduced key forks -- Hulunbeier, Ural, and Pawnee -- enhancing features, and launched Greendrive, supporting 30+ public datasets with a revamped UI.

BNB Chain's ecosystem saw remarkable growth in 2024. opBNB averaged 4.7M daily active users (DAU), while BSC reached 1.12M DAU. BSC's unique addresses grew by 17.7% to over 486M, with Total Value Locked (TVL) rising 58.2% to $5.5B. opBNB's TVL increased 27.6% to $19.2M, showcasing robust ecosystem expansion.

Transaction volumes also exhibited strong performance. BSC maintained an average of 4 million daily transactions, representing a 2.5% increase from 2023, while opBNB processed an impressive average of 7.1 million transactions per day.

Security was a critical focus area for BNB Chain in 2024, reducing financial losses from breaches by 67% (from $162M in 2023 to $53M) and incidents by 66%, highlighting the success of enhanced measures.

Other highlights from 2024:

Looking ahead to 2025, BNB Chain will continue to empower early-stage projects and developers. It will focus on continuously improving user experience to achieve its mission to onboard the next billion users to Web3.

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

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