The latest report from @MessariCrypto's @JamesTrautman_ is out, covering the State of BNB Chain in Q4 2022.
An insightful and exhaustive read that covers some of the most important developments at the turn of the year 🔍
messari.io/report/state-o…
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Build N’ Build was indeed the mantra as BNB Chain made significant strides toward adoption in Q4.
Growth initiatives like MVBV, Builder Grant, EU Innovation and the Growth Incentive underlined ecosystem-wide support, giving rise to a 30% growth in daily active addresses🚀
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The report notes that #BNBChain enjoyed a successful end to 2022 with network upgrades and ecosystem expansion!
With several upgrades to core functionality, integrations with strategic partners, and further expansions into DeFi, NFTs, GameFi, and beyond.
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The rise of daily active addresses saw an average of ~3.4 million daily transactions.
Increased stake amounts and a growing validator set signalled that the network is moving towards greater decentralization and went on to improve the Nakamoto Coefficient.
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While the DeFi sector on BNB Chain saw a drop in TVL in USD terms during Q4, the NFT sector continued to grow with partnerships like @opensea.
The excitement was palpable, as collectors and collections alike sensed an important opportunity for growth.
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BNB Chain gaming gained traction in 2022 🎮
Recent apps like @Era7_official, @tinyworldgamefi & @xwg_games had steady daily user activity.
New games like @MetaApesGame entered the fray & the number of daily active users in the GameFi ecosystem continued to trend upwards
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The report covered exploit of BNB Smart Chain Token Hub, noting the community’s quick response ensured that no user funds were affected.
Several upgrades have since followed of the #BSC client, alongside BEP-171 introducing security enhancements
github.com/bnb-chain/BEPs…
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Despite challenges, BNB Chain executed its roadmap- will focus on growth & technical development in 2023
Plans for network expansion already in place with Greenfield, L2 solutions, more decentralization by open-sourcing validator set & implementing parallel EVM execution
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With a new validator reward model being drafted for 2023 and a further focus on growth strategies, BNB Chain is poised to keep moving ahead throughout the new year.
It was a dramatic year with many challenges, but #BNBChain persevered and came out stronger 🚀
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