Messari has released the BNB Chain Q2 2025 Report: DEX Trading Volume, Stablecoin Transaction Count, and Active Users Lead the Chain

On August 22nd, the most recent BNB Chain Q2 2025 report presented by Messari indicates that the BNB Chain has maintained its robust growth during the second quarter, with record-breaking user activity and on-chain transactions. Daily active addresses and transaction volume have witnessed significant surges, and the DeFi activity remains vigorous. The DEX trading volume, stablecoin transaction count, and active users all claim the top positions across the chain, thereby solidifying its leading status within the Web3 ecosystem. **Key Highlights:** Market Capitalization and Investor Confidence: The market capitalization of BNB increased by 7.5% during the quarter, reaching $92.6 billion. On-Chain Transactions and Activity: The average daily transaction volume rose by 101.9% to 9.9 million transactions, and the average daily active addresses grew by 33.2% to 1.6 million. In May, there were 17 million new addresses. DEX Performance: The DEX trading volume ranked first across the chain, with an average daily trading volume of $3.3 billion in Q2. PancakeSwap held a market share of 85.1%, and Uniswap witnessed a quarterly growth of 755.4% to $297 million. The network-wide fees decreased by 90% to 0.1 gwei. Stablecoins: The stablecoin market capitalization increased by 49.6% to $10.5 billion. USD1 was launched with $2.2 billion, and USDT led with a market capitalization of $6.3 billion. The BSC stablecoin transaction count and active users ranked first across the chain. DeFi TVL: It witnessed a 14% increase to $9.9 billion during the quarter, maintaining the fourth position. Technical Upgrades: The Lorentz and Maxwell hard forks reduced the block time to 0.75 seconds. The opBNB and Volta upgrades led to an increase in cross-chain TVL to $64.9 million. The Volta block interval was reduced to 500 milliseconds, achieving sub-second finality. Ecosystem Support: MVB Season 9 provided support to 16 early-stage projects. The Stablecoin 0 Fee Carnival subsidized $4 million in gas fees, accelerating user adoption.