BNB Chain Q1 2025 Performance Shows Strong Growth Despite Market Challenges

The BNB Chain network revenue jumped 58.1% in Q1 2025, reaching $70.8 million, according to Messari’s latest report. This growth occurred despite BNB’s market cap falling 14.8% to $86.2 billion during the same period.

The chain maintained its position as the fourth-largest cryptocurrency by market cap, excluding stablecoins.

The revenue spike was largely driven by wallet-to-wallet transaction fees, which surged 122.6% compared to the previous quarter.

These transactions generated 19,266 BNB in fees, overtaking DeFi as the largest contributor to network revenue with a 17.4% market share.

Daily transaction volume showed healthy growth, with average daily transactions increasing 20.9% to 4.9 million. Daily active addresses also rose 26.4% to 1.2 million. Stablecoins continued to dominate activity on the network, representing nearly half (45%) of all transactions, averaging 1.2 million daily.

DeFi and Technical Advancements on BNB Chain

DeFi activity remained resilient on BNB Smart Chain despite market volatility. While total value locked (TVL) in USD terms decreased slightly by 1.2% to $5.3 billion, when measured in BNB tokens, it actually grew by 14.7%.

The network maintained its position as the fourth-highest chain by TVL.

DEX volume on BNB Smart Chain grew significantly, up 79.3% to $2.3 billion in average daily trading. PancakeSwap extended its dominance in this sector, accounting for 91.8% of total DEX activity with a 95.2% increase in volume.

A major technical milestone in Q1 was the Pascal hard fork, which introduced several important protocol enhancements. These included EIP-7702 smart contract wallets, BLS12-381 cryptography, gas abstraction, and batch transaction support.

These upgrades position BNB Chain for improved Ethereum Virtual Machine (EVM) compatibility and better scalability.

The newly launched BNB Good Will Alliance also made significant progress in coordinating ethical MEV (Maximal Extractable Value) practices across infrastructure providers.

Its initial effort deploying sandwich attack filters via builders like BlockRazor and 48 Club contributed to reducing sandwich attacks on BNB Smart Chain by more than 90%.

Looking ahead, BNB Chain plans to build on this momentum with the upcoming Lorentz and Maxwell upgrades, which aim to significantly reduce block times and further improve scalability.

The network’s continued focus on enhancing performance, developer accessibility, and application diversity positions it for continued growth despite broader market challenges.