In the fourth quarter of 2022, BNB Chain saw a steady increase in activity amid the ongoing bear market. Messari researcher James Trautman drew attention to this.
State of BNB Chain Q4 2022https://t.co/ustKzqDk0H
A on $BNB
— James Trautman (@JamesTrautman_) February 5, 2023
“Despite the market difficulties, BNB Chain has continued its aggressive strategy to leverage financial and human capital in its ecosystem,” the expert emphasized in the Blockchain Metrics Report.
Constant updates and improvements to the network have resulted in the number of daily active addresses and transactions “overcoming the downward trend and rising by 30% and 0.2%, respectively,” he said.
2/Due to ecosystem developments, average daily active addresses and transactions bucked a downward trend during Q4 and grew by 30% and 0.2%, respectively. pic.twitter.com/RkBNobEtfi
— James Trautman (@JamesTrautman_) February 5, 2023
According to Trautman, the growth strategy, including an incubator program and grants to creators, has become the basis of BNB Chain’s success.
27 projects selected from over 650 applicants to participate in the fifth stage of the BNB Chain incubator program. Data: Messari.
The expert linked the surge in activity in the DeFi segment of the ecosystem to the Venus Protocol and the introduction of liquid staking in partnership with the Ankr, Stader and pStake platforms.
In the NFT sector, the network integration with the OpenSea marketplace in December had a significant impact on the performance.
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