BNB Chain Ecosystem Update: Key Developments and Projects

The BNB Chain community has witnessed another dynamic week, with significant advancements and project developments. This report details the ecosystem's key metrics, updates, and new projects spanning DeFi, AI, DeSoc, and Web3 gaming, according to the BNB Chain blog.

Key Metrics and Performance

Over the past week, the BNB Chain has seen impressive activity. The daily active users (DAU) reached 1,267,984 on BSC and 3,014,189 on opBNB. Trading volume surged by 48.05%, averaging over $2 billion per day, totaling $14.3 billion. The network processed 18,466,883 transactions, while the total value locked (TVL) increased by $257 million, reaching $5.532 billion.

New and Noteworthy Projects

This week, several projects have been onboarded across various sectors:

• Ambire Wallet: An infrastructure project offering secure self-custody solutions for smart accounts, EOAs, and hardware wallets.
• Coin Voyage: A payment service facilitating seamless cross-chain crypto payments for businesses.
• DUSD/StandX: A DeFi project offering a yield-bearing stablecoin.
• Emmet Finance: A cross-chain DeFi hub providing innovative solutions and benefits.
• Fairmint: A platform bringing equity on-chain, simplifying issuance and management for founders and investors.
• Gaib: An AI project enabling ownership of AI components.
• Mathverse NFT: An AI-driven NFT card game using the $MATH token and ERC721 standards.

Meme Projects and Market Cap

The meme landscape on BNB Chain continues to expand. As of March 24, the top meme projects by market cap include:

1. $MUBARAK (Mubarak)
2. $TST (Test)
3. $BROCCOLI (714)
4. $SIREN
5. $BANANA (Banana for Scale)
6. $CAT (Simon’s Cat)
7. $AFT (AI Flow)
8. $WHY (Why an elephant)
9. $TUT (Tutorial)
10. $KOMA (Koma Inu)

Technical Upgrades and Initiatives

The BNB Chain has implemented several technical upgrades:

• Lite Wallet Transition: The BNB Chain Wallet has transitioned to a Lite Version, streamlining features while ensuring fund safety.
• Pascal Hardfork: This upgrade enhances EVM compatibility and introduces EIP-7702, improving gas abstraction and developer flexibility.
• Good Will Alliance: A collaborative effort to reduce malicious MEV attacks and set ethical standards within the ecosystem.
• Community Call: Introduction of BEP-520 & BEP-524 and discussions with community members.

These updates reflect the BNB Chain's commitment to fostering a robust and innovative blockchain ecosystem, positioning itself as a leader in the Web3 space.