Cointime

Download App
iOS & Android

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

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.

Comments

All Comments

Recommended for you

  • An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet

    According to Arkham monitoring, someone accidentally sent 90% of their BTC assets to Satoshi Nakamoto's wallet address last night. They were trying to swap Ordinal for PupsToken, but ended up sending almost their entire wallet balance - about $7,000 worth of BTC.
  • USDC circulation increased by 200 million in the past 7 days

    According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars.
  • Bitcoin mining company Phoenix Group released its Q1 financial report: net profit of US$66.2 million, a year-on-year increase of 166%

    Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points:
  • Core Foundation launches $5 million innovation fund

    CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.
  • In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million

    According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million.
  • $1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire

    Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction.
  • Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued

    On May 17th, Tether CEO Paolo Ardoino announced that 1 billion USDT had been issued on the Tron Network early this morning Beijing time, but not yet released. This means that the amount will be used as inventory for the next issuance request and chain exchange.
  • The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar

    The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera.
  • Cointime April 20th News Express

    1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days
  • BNB Chain’s high-risk DappBay alert list adds 7 new projects including AlphaOrBeta

    BNB Chain updated its Dapp Bay high-risk DApp Red Alarm project list. The projects that were added to the list in the past 24 hours include AlphaOrBeta, Rocket Wallet, BIM Finance, Goose Finance, Uno Re, Anchor Finance, and Sashimi Swap.