DeFi activity on Binance Smart Chain increased 487% since 2020

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The activity on Binance Smart Chain (BSC) continues increasing as the number of unique active wallets (UAW) connected to the network surpassed 608,500 per day on average during Q3, according to DappRadar’s recent report.
The popular data acquisition and analysis company noted that this reflects a 20% increase quarter-over-quarter, while, over a year period, the metric rose an impressive 487%.
Boosted activity
The entire blockchain industry recorded a 25% usage increase from the previous quarter, reaching more than 1.54 million UAW connected on a daily average, the report noted. 
Based on DappRadar’s data, the boosted activity recorded on the Binance-branded standalone proof-of-stake (PoS) platform, which runs parallel with Binance Chain (BC), falls in line with the industry’s positive trend.
The play-to-earn (P2E) movement evolved into one of the key drivers behind the industry’s incremental growth. 
“The game sector attracted 168,700 daily UAW on average during the quarte

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