In the first quarter of 2025, Binance Smart Chain showcased impressive results, significantly boosting both user activity and trading volumes.
General Overview of Binance Chain Activity
In Q1 2025, the average daily transactions increased by 20.9%, rising from 4.0 million to 4.9 million. The number of active daily addresses using the blockchain grew by 26.4%, indicating a sustained user interest. Additionally, the average transaction value increased by 25%, reaching $0.15. However, the fee metrics remained relatively low, although they increased.
DEX Volume and Liquidity
During the first quarter, decentralized exchange (DEX) activity on Binance Chain saw growth. The average daily trading volume increased by 79.1% to $2.3 billion, with PancakeSwap accounting for 91.8% of the total DEX trading activity. The overall transaction volume on PancakeSwap reached $2.1 billion, marking a 95.2% increase from previous levels.
Network Revenue of Binance
In Q1 2025, Binance Chain's quarterly revenue grew by 58.1% compared to the previous quarter, reaching $70.8 million. Wallet-to-wallet transaction fees surged by 122.6%, contributing to the overall revenue increase. The Stablecoin sector saw a 23.4% uptick, also benefiting the network's revenue growth.
The growth in activity on Binance Smart Chain in Q1 2025 demonstrates the platform's strong position within the cryptocurrency space. The steady increase in both user engagement and trading volumes confirms the dynamic growth of this ecosystem.
