Bitcoin
Bitcoin (BTC)
$95,337.00 -1.66696
Bitcoin price
Ethereum
Ethereum (ETH)
$2,708.29 1.35057
Ethereum price
BNB
BNB (BNB)
$660.13 -1.68131
BNB price
Solana
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$177.39 -5.83
Solana price
XRP
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$2.64 -2.62454
XRP price
Shiba Inu
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$0.0000155 -2.36029
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000098 1.56988
Pepe price
Bonk
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$0.0000166 -4.73428
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dogwifhat
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$0.624964 -4.36452
dogwifhat price
Popcat
Popcat (POPCAT)
$0.263439 -9.13896
Popcat price
Bitcoin
Bitcoin (BTC)
$95,337.00 -1.66696
Bitcoin price
Ethereum
Ethereum (ETH)
$2,708.29 1.35057
Ethereum price
BNB
BNB (BNB)
$660.13 -1.68131
BNB price
Solana
Solana (SOL)
$177.39 -5.83
Solana price
XRP
XRP (XRP)
$2.64 -2.62454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000155 -2.36029
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000098 1.56988
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -4.73428
Bonk price
dogwifhat
dogwifhat (WIF)
$0.624964 -4.36452
dogwifhat price
Popcat
Popcat (POPCAT)
$0.263439 -9.13896
Popcat price
Bitcoin
Bitcoin (BTC)
$95,337.00 -1.66696
Bitcoin price
Ethereum
Ethereum (ETH)
$2,708.29 1.35057
Ethereum price
BNB
BNB (BNB)
$660.13 -1.68131
BNB price
Solana
Solana (SOL)
$177.39 -5.83
Solana price
XRP
XRP (XRP)
$2.64 -2.62454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000155 -2.36029
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000098 1.56988
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -4.73428
Bonk price
dogwifhat
dogwifhat (WIF)
$0.624964 -4.36452
dogwifhat price
Popcat
Popcat (POPCAT)
$0.263439 -9.13896
Popcat price
Bitcoin
Bitcoin (BTC)
$95,337.00 -1.66696
Bitcoin price
Ethereum
Ethereum (ETH)
$2,708.29 1.35057
Ethereum price
BNB
BNB (BNB)
$660.13 -1.68131
BNB price
Solana
Solana (SOL)
$177.39 -5.83
Solana price
XRP
XRP (XRP)
$2.64 -2.62454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000155 -2.36029
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000098 1.56988
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -4.73428
Bonk price
dogwifhat
dogwifhat (WIF)
$0.624964 -4.36452
dogwifhat price
Popcat
Popcat (POPCAT)
$0.263439 -9.13896
Popcat price

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

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.