Messari released the BNB Chain Q2 report, with DEX trading volume, stablecoin transaction count, and user activity ranking first across the entire chain

ChainCatcher news, Messari's latest report on BNB Chain for Q2 2025 shows that BNB Chain continued to maintain strong growth in the second quarter, with user activity and on-chain transactions reaching all-time highs.

Daily active addresses and transaction volume saw significant increases, DeFi activity remained robust, and DEX transaction volume, as well as stablecoin transaction counts and active users, ranked first across the entire chain, solidifying its leading position in the Web3 ecosystem.

Key highlights: Market capitalization and investor confidence: BNB's market capitalization increased by 7.5% quarter-over-quarter, reaching $92.6 billion.

On-chain transactions and activity: Average daily transaction volume increased by 101.9% quarter-over-quarter to 9.9 million transactions, and average daily active addresses grew by 33.2% to 1.6 million; 17 million new addresses were added in May.

DEX performance: DEX transaction volume ranked first across the entire chain, with an average daily transaction volume of $3.3 billion in Q2, PancakeSwap's market share at 85.1%, and Uniswap increasing by 755.4% quarter-over-quarter to $297 million.

Network fees decreased by 90% to 0.1 gwei.

Stablecoins: Stablecoin market capitalization increased by 49.6% quarter-over-quarter to $10.5 billion, with USD1 reaching $2.2 billion at launch, and USDT dominating with a market capitalization of $6.3 billion; BSC stablecoin transaction counts and active users ranked first across the entire chain.

DeFi TVL: Increased by 14% quarter-over-quarter to $9.9 billion, maintaining fourth place.

Technical upgrades: The Lorentz and Maxwell hard forks reduced block time to 0.75 seconds, and the opBNB and Volta upgrades increased cross-chain TVL to $64.9 million; Volta's block interval was shortened to 500 milliseconds, achieving sub-second finality.

Ecosystem support: MVB Season 9 supported 16 early-stage projects; the stablecoin zero-fee carnival subsidized $4 million in Gas fees, accelerating user adoption.