BNB Chain, the world’s largest smart contract blockchain in terms of daily active users, announced that its dApps attracted over a million daily unique web3 wallets in 2022 despite a market downturn. The network also surpassed Ethereum with over 230 million in number of unique addresses, becoming more decentralized and open source than ever while improving scalability and lowering costs for web3 projects. Today, BNB Chain has 232 Million unique addresses making it the largest layer 1 blockchain globally.
The network’s growth is based on significant technological advancements and community-building initiatives throughout the year. Following its 2022 technical roadmap, which focused on multichain interoperability, the blockchain introduced a series of technological upgrades, facilitating faster transactions, lower costs, and extra capacity.
Alvin Kan, Director of Growth & Ops at BNB Chain said: “Our community has made remarkable strides in the development of blockchain technology. We launched BNB Sidechain, zkBNB, Binance Oracle, security initiatives such as AvengerDAO, among others. This has resulted in faster transactions, lower costs, and extra capacity, giving builders the confidence to onboard a large number of users. The team at BNB Chain is committed to providing a secure and user-friendly platform for developers and users alike, marching towards our mission to onboard the next billion users to Web3.”
The deployment of BNB Sidechain and zkBNB Testnet has been a game-changer for developers, providing the necessary scalability, speed and security to build dApps with large user bases. Another important development was to significantly increase the network’s decentralization by adding 23 more validators to the block production process, bringing the total number of validators to 49. The blockchain plans to add another 40 to 60 new validators in the coming months.
Furthermore, to support the growth of web3 Dapps, BNB Chain introduced developer support programs such as Builder Grants and the $10 Million Gas Fee Incentive.
The launch of Soulbound Tokens (SBTs) bolstered BNB Chain’s position in the NFT and GameFi sectors. Additionally, the network continued to grow in DeFi with a TVL of $7.6 billion in Q3 alone.
Initiatives such as the EU Incubator and the Most Valuable Builder accelerator program greatly helped the growth of new projects on the BNB Chain ecosystem. These initiatives have consistently attracted more developers and partners, including Google Cloud, AWS, OpenSea, Opera, and BNB Chain.
In terms of security, AvengerDAO was launched in September 2022 as a BNB Chain community-led initiative that allows dApps to protect their users in real time when security exploits occur.
In 2023, the blockchain plans to launch the zkBNB mainnet and host hackathons and developer meet-ups for teams interested in deploying zkBNB and other solutions to improve user experience on their dApps. The core developer team is also working on an improved Web3 blockchain storage system, which will lower operational costs for projects on BNB Chain.
About BNB Chain
BNB Chain is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem. It is the world’s largest smart contract blockchain in terms of transaction volume and daily active users. It has processed 3 billion transactions to date from 200 million unique addresses, bringing developers massive user access with ultra-low gas fees and zero downtime since inception. The ecosystem has more than 1,300 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, NFT, and more.
