BNB Chain hits 15.2M daily transactions as DeFi activity explodes

- BNB Chain Records 15.2 Million Daily Transactions on May 29 - Ranks First in Decentralized Exchange (DEX) Activity with $178.3 Million Trading Volume [Unblock Media] The BNB Chain has shattered previous performance records by achieving 15.2 million daily transactions. This was recorded on May 29, and showed a 122% increase from the previous month with a total of 291 million trades for May. This surge in transactions highlights BNB Chain's role in expansion as a Layer 1 network boasting high-speed processing and low costs. In the realm of decentralized exchange (DEX) activity, BNB Chain also ranked first with a trading volume of $178.3 million. This is attributed to popular applications benefiting from fast block confirmation times and minimal fees, including PancakeSwap. On May 28, the 24-hour DEX trading volume reached $1.33 billion, more than double the DEX activity on other major blockchains. The high on-chain liquidity has cemented BNB Chain as a powerful player in decentralized finance (DeFi). Stablecoin usage on the BNB Chain has also soared. 15.3 million monthly active users (MAU) participated using various dollar-pegged tokens. The stable value and predictability of stablecoins encourage traders to remain within the network ecosystem, boosting transaction volume and fostering the integration of new projects into the BNB Chain. The gas fees on the BNB Chain are just $0.03 per transaction, attracting retail users and institutional applications that might be deterred by more expensive networks. This makes small-value transfers and high-frequency transactions economically viable, which is crucial for gaming, NFT minting, and micro-payment use cases. The network growth is evident from the increase in addresses. In May alone, 17 million addresses were added, bringing the cumulative total to 565 million. The trend in unique addresses implies broader adoption, with developers and liquidity providers deploying new smart contracts, and users creating new wallets for DeFi, gaming, and other decentralized applications. More addresses often lead to higher on-chain liquidity, faster network effects, and deeper capital pools for smart contract collateral. The performance enhancements of the BNB Chain can be attributed to a combination of developer incentives, ecosystem support funds, and community-driven governance models. Initiatives like the BNB Ecosystem Fund have supported numerous validators and DApp projects, and a consistent protocol upgrade roadmap has improved block finality and throughput. These factors have bolstered trust among builders and end-users alike. Going forward, BNB Chain will face competition from high-performance networks such as Solana, Avalanche, and Layer 2 solutions on Ethereum. However, the current metrics suggest that BNB Chain has carved out a unique niche by offering a balance of low fees, fast settlement, and robust DEX liquidity. Maintaining this momentum will be crucial as DeFi use cases continue to expand.