Messari has released the BNB Chain Q2 2023 report, which reveals the following key findings:
The daily average of active addresses on the BNB Chain reached approximately 1.4 million, with a growth of 25.6% in daily active addresses and a 24.4% increase in transaction volume. This growth was primarily driven by increased activity on LayerZero.
After the SEC's regulatory action against Coinbase and Binance, where BNB was accused of being a security, the market cap of BNB Chain dropped by 25.2%.
BSC validators voted to reduce Gas fees from 5 Gwei to 3 Gwei, resulting in a 25.5% decrease in average transaction fees, leading to a 6.1% decrease in BNB chain revenue (measured in BNB) on a month-to-month basis.
Staking on the network remained stable in Q2. BNB Chain plans to increase the number of validators from 29 to 100 through a new validator reward model (Balanced Mining) and a validator reputation system.
BNB Chain continues to invest in ecosystem growth through the introduction of the Gas Grant program and the Zero2Hero incubator.
Several technical developments were launched in Q2, including the Plank hard fork, the Luban hard fork, and opBNB.
Additionally, according to data from www.developerreport.com, the number of developers on the BNB Chain has been decreasing since June of last year.