PANews reported on November 8 that according to the BNB Chain Q3 Report released by Messari, BNB Chain launched a number of incentive and innovation programs in the third quarter of 2024, including the "Gas Free Carnival" for stablecoins, to enhance user experience and attract more users. The following are key data and progress:
• Decentralized Finance (DeFi) Total Locked Value (TVL) : BNB Smart Chain’s TVL increased by 2% month-on-month to $4.85 billion, ranking fourth in the on-chain TVL ranking. The main contributions came from Venus Finance and Avalon Finance, with the former’s TVL rising by 13% and the latter’s TVL increasing by more than 300% after joining the BNB Incubation Alliance.
• NFT trading activity : Average daily trading volume increased significantly by 283% month-on-month to US$600,400, but the growth was mainly driven by large traders.
• Staked volume : The total amount of BNB staked increased by 7% to 32.4 million BNB, reflecting the strong demand for network security and participation.
BNB Chain also continued to advance its multi-chain strategy and cross-chain solutions in the third quarter, and supported community development and ecosystem construction through various developer incentive programs such as the Most Valuable Creator (MVB) Accelerator and Gas Grants.
