Despite a decline in BNB's price, its DeSoc dApps performed well on the network, contributing to its popularity and dominance in daily active addresses. BNB Chain allocated resources to decentralized finance, non-fungible tokens, gaming finance, and social decentralized applications (DeSoc dApps) in the first quarter of the year. The surge in interest in DeSoc dApps led to an increase in overall daily active addresses, while BNB maintained its dominance in transactions and activity. However, the performance of the DEXes on the BNB network, particularly PancakeSwap, led to a decline in unique active wallets and volume of transactions.
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