TechFlow reported on February 4 that Messari released the BNB Chain Q4 2024 report, covering ecosystem expansion and key metric growth. BNB's market capitalization reached $101.09 billion by the end of Q4, representing a 114% year-on-year increase from the beginning of the year.
The DeFi ecosystem grew 53% over the year and 10% in Q4, with total value locked (TVL) reaching $5.35 billion. ListaDao's TVL surged 174%. DEX daily trading volume increased 122% quarter-on-quarter to $1.29 billion, up 269% annually.
BNB Chain remains the world’s third-largest stablecoin ecosystem, behind Ethereum and Tron, with stablecoin market cap reaching $6.84 billion in Q4. BTCFi surpassed 1 million users, up 5% quarter-on-quarter, with Solv and Lorenzo showing strong performance.
Technically, by year-end, 96% of blocks had adopted BuilderAPI, and active validators increased to 45, further advancing decentralization.
