[PRESS RELEASE – Dubai, UAE, May 2nd, 2024] NB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today shared its report on the performance of BNB Chain in Q1 2024. It highlights the key growth metrics and updates for BNB Chain’s Layer 1 (L1) BNB Smart Chain (BSC), its L2 opBNB, the decentralized storage solution BNB Greenfield, and security measures.
In Q1 2024, the average Daily Active Users (DAU) on BSC increased by 27.3% Quarter-on-Quarter (QoQ) to 1.4 million. In the same period, the Total Value Locked (TVL) on BSC increased by 70.8% from $3.49 billion in January to $5.96 billion at the end of Q1. During Q1 2024, the price of the BNB token increased by 93.5% — doubling the increment in Q4 2023 (42.9%). In the same period, market capitalization also grew by 93.5% to $43.7 billion. Between January and March 2024, the total unique addresses on BSC increased by 5.3% to 435 million addresses, leading among EVM-compatib

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