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BNB Chain publishes a review of 2023, focusing on high-frequency DeFi, full-chain games, AI+Web3, and DePIN

BNB Chain publishes a review of 2023, focusing on high-frequency DeFi, full-chain games, AI+Web3, and DePIN

CointimeCointime2024/02/22 09:43
By:Cointime

BNB Chain has released an article on its official website, making the following commitments to the Web3 community: openness, multi-chain capabilities, empowerment of creators and innovators, permissionless and permanent decentralization. In the article, BNB Chain also summarized its accomplishments for the year 2023. As of the end of 2023, BSC processed 32 million transactions per day, reaching a peak throughput of 2,000 transactions per second. In the fourth quarter, opBNB also achieved a new historical high, processing 71 million transactions per day with a rapid throughput of 4,500 transactions per second. In 2023, BNB Chain reduced its total losses due to hacking and fraud by 85% compared to the previous year. BSC has become one of the most active L1 blockchains with approximately 1 million DAUs. By the end of 2023, opBNB established itself as the most active L2 and remains the L2 blockchain with the most DAUs to date in 2024.As the third largest Layer-1 protocol by market capitalization, BSC made impressive progress in multiple indicators in the fourth quarter of 2023, highlighting the vitality and productivity of its ecosystem:The gas fees burned by BNB, a key indicator of network activity, increased by 21% between the third and fourth quarters of 2023.Throughout 2023, BSC demonstrated its ability to handle high volumes of activity, with daily transactions on the network experiencing a 35% annual growth.The DeFi ecosystem reached a total locked value (TVL) of $4.6 billion at the end of 2023, with a quarterly YoY growth of 33%.In 2023, BSC successfully increased its gas limit to 140 million, surpassing Ethereum's capacity by 4.6 times. BNB Chain stated that it focuses on supporting high-frequency DeFi, full-chain gaming, AI+Web3, DePIN, and other fields.

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