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.
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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BNB Chain and CyberConnect have partnered to bring you Connected 2023, a social hackathon with over $50,000 in prizes, seed funding, and mentorship! 💻🔥 #Connected2023
Social media has remained unchanged for the past decade, but Web3 technology is set to revolutionize it.
With a user-centric and developer-friendly approach, the world of social networking is about to change! 💥 #Web3#UserOwnership#Innovation
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Connected 2023 is your chance to bring your Web3 social ideas to life and kickstart your journey!
With an impressive lineup of co-sponsors including Notifi, Lit, Livepeer, and XMTP, you'll have access to cutting-edge Web3 features. 💡💻 #Web3Social#SocialHackathon
BNB Chain and @tokenomicsdao have collaborated to determine under what conditions a product and a token can maximize their respective functions in a Web3 product.
It would be no exaggeration to say that public chains are extremely inefficient in every respect except open innovation. But in this one respect, crypto is meaningful and has a chance to win. (2/7)
Network effects. It is something we must always be aware of when we create products in an open environment.
The more users we have, the more value the product can provide immediately. But it doesn’t work in many cases - why? (3/7)
We’re excited to announce that the application deadline for the 6th season of BNB Chain’s Most Valuable Builder accelerator program will be extended to the end of February 2023!
This will establish a new framework for how we evaluate participants. 🌎
Starting this season, MVB’s selection process will emphasize a “Founders First” mentality.
We’re looking for strong founders with innovative concepts and this will be the primary yardstick used in evaluating and selecting MVB VI participants. 🦾
Our team has identified eight fundamental themes that we believe will define the future of BNB Chain’s growth. 📈
We welcome projects building outside of these areas to also apply:
Due to irregular activity we're temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here.
Thank you for your patience and understanding.
To confirm, we have suspended BSC after having determined a potential exploit.
All systems are now contained, and we are immediately investigating the potential vulnerability. We know the Community will assist and help freeze any transfers.
All funds are safe.
We want to thank all node service providers for their quick and attentive response.