BNB Chain Exhibits Steady Activity Growth in Q4 of 2022

• Messari published the Q4 activity reports of BNB Chain.
• As per the reports, the blockchain had a steady activity growth despite the crypto winter.
• The average active addresses and transactions grew by 30% and 0.2%, respectively.

As per the latest report of Messari, the leading crypto market intelligence provider, BNB Chain, the Binance native blockchain, had been exhibiting steady activity growth in the fourth quarter of the last year, aiming to become more successful in 2023, despite the challenging conditions of the crypto winter that shook the year.

Notably, Messari released the “State of BNB Chain Q4 2022” report, which suggested that:

Despite the market headwinds in Q4, BNB Chain continued with an aggressive strategy to deploy financial and human capital across its ecosystem.

In addition, the platform stated that the ecosystem developments have contributed to resisting the downward trend of the average daily active addresses and transactions and helped to have a hike by 30% and 0.2%, respectively.

Significantly, the platform narrated the major cause of the crypto winter that haunted the crypto space throughout the year. It said that the macroeconomic forces and the fall of the major crypto firms FTX and LUNA have become the chief factors that resulted in the long-lasting worst conditions of the bearish market.

Interestingly, Messari added that as a step against the trend and to counter the adverse conditions, the platform has executed its 2022 roadmap, stating:

The team plans to expand the network with L2-like solutions, such as ZK-rollups and sidechains, and to increase decentralization by open-sourcing the validator set. Despite several challenges along the way, BNB Chain successfully executed its 2022 roadmap … After a dramatic year with many challenges, BNB Chain looks to remain competitive heading into 2023.

Furthermore, the platform pictured the challenges faced by the BNB in the fourth quarter, including the exploit in October, by which a hacker amassed 2 million BNB.

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