Bitcoin
Bitcoin (BTC)
$107,351.00 -2.69145
Bitcoin price
Ethereum
Ethereum (ETH)
$2,638.07 -1.24111
Ethereum price
BNB
BNB (BNB)
$683.55 -1.28639
BNB price
Solana
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$170.47 -4.43078
Solana price
XRP
XRP (XRP)
$2.26 -3.39497
XRP price
Shiba Inu
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$0.0000141 -3.23816
Shiba Inu price
Pepe
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$0.0000136 -2.94475
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Bonk
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$0.0000197 -5.58931
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dogwifhat
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$1.09 -4.53697
dogwifhat price
Popcat
Popcat (POPCAT)
$0.443608 -8.28384
Popcat price
Bitcoin
Bitcoin (BTC)
$107,351.00 -2.69145
Bitcoin price
Ethereum
Ethereum (ETH)
$2,638.07 -1.24111
Ethereum price
BNB
BNB (BNB)
$683.55 -1.28639
BNB price
Solana
Solana (SOL)
$170.47 -4.43078
Solana price
XRP
XRP (XRP)
$2.26 -3.39497
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 -3.23816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 -2.94475
Pepe price
Bonk
Bonk (BONK)
$0.0000197 -5.58931
Bonk price
dogwifhat
dogwifhat (WIF)
$1.09 -4.53697
dogwifhat price
Popcat
Popcat (POPCAT)
$0.443608 -8.28384
Popcat price
Bitcoin
Bitcoin (BTC)
$107,351.00 -2.69145
Bitcoin price
Ethereum
Ethereum (ETH)
$2,638.07 -1.24111
Ethereum price
BNB
BNB (BNB)
$683.55 -1.28639
BNB price
Solana
Solana (SOL)
$170.47 -4.43078
Solana price
XRP
XRP (XRP)
$2.26 -3.39497
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 -3.23816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 -2.94475
Pepe price
Bonk
Bonk (BONK)
$0.0000197 -5.58931
Bonk price
dogwifhat
dogwifhat (WIF)
$1.09 -4.53697
dogwifhat price
Popcat
Popcat (POPCAT)
$0.443608 -8.28384
Popcat price
Bitcoin
Bitcoin (BTC)
$107,351.00 -2.69145
Bitcoin price
Ethereum
Ethereum (ETH)
$2,638.07 -1.24111
Ethereum price
BNB
BNB (BNB)
$683.55 -1.28639
BNB price
Solana
Solana (SOL)
$170.47 -4.43078
Solana price
XRP
XRP (XRP)
$2.26 -3.39497
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000141 -3.23816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 -2.94475
Pepe price
Bonk
Bonk (BONK)
$0.0000197 -5.58931
Bonk price
dogwifhat
dogwifhat (WIF)
$1.09 -4.53697
dogwifhat price
Popcat
Popcat (POPCAT)
$0.443608 -8.28384
Popcat price

BNB Chain soars in 2024: market cap doubles, revenue up over 200%

Darya
By
Dorian Batycka
Edited by
News
BNB Chain soars in 2024: market cap doubles, revenue up over 200%

In 2024, BNB’s market cap more than doubled to $101 billion, while annual revenue reached $234 million, making BNB Smart Chain one of the top Layer-1 blockchains by earnings.

According to the State of BNB Chain Q4 2024 report by Messari, BNB’s market cap rose 22% quarter-over-quarter to $101 billion in Q4 2024, more than doubling over the year. Despite strong growth, BNB slightly underperformed BTC, which recorded a 122% annual increase.

BNB Chain soars in 2024: market cap doubles, revenue up over 200% - 1
Source: State of BNB Chain Q4 2024 Report by Messari

Network revenue also climbed, reaching $44.6 million in Q4—up 28% from the previous quarter. In BNB terms, revenue increased 10% to 69,500 BNB. For the full year, total revenue hit $234 million, reinforcing BNB’s position as a top Layer-1 blockchain by earnings.

On-chain activity rebounded in Q4, driven by a rallying market, with average daily transactions and daily active addresses increasing by 18% and 8%, respectively. However, both metrics remained lower year-over-year.

Stablecoins dominated network activity, accounting for nearly half of all transactions and seeing a 32% increase. They also led in daily active addresses, making up half of all active users and growing by 24% over the quarter.

Finally, BNB Smart Chain’s DeFi total value locked saw steady growth in Q4, surpassing $5 billion. However, it dropped to the fifth-largest chain after being overtaken by Bitcoin. Over the year, TVL in USD surged, but its value in BNB declined, reflecting the impact of BNB’s price appreciation.