The first quarter of 2025 saw a huge increase in Binance (BNB) Smart Chain. It outperformed the fourth quarter of the previous year in a number of ways. That shows the chain has solidified its position in the cryptocurrency space.
Binance Chain Onchain Activity
For Q1 2025, the average daily transactions increased by 20.9%, from 4.0M to 4.9M. The number of active daily addresses participating in the blockchain grew by 26.4% throughout the first quarter, from 0.9 million to 1.2 million. It showed a sustained boost in user participation.
There was a 25% hike in average transactions between Q1 and Q4. It increased from $0.12 to $0.15. At the same time, the BNB fee rate increased by 25.3% from 0.00019 to 0.00023.
BNB chain chain activity | Source: Messari
Fees increased by 25% in dollar terms, mainly because the network experienced greater usage. However, both absolute fee metrics stayed relatively low. The chain also maintained its network stability as constant validator num
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