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BNB Chain Celebrates 4 Years, Aiming to Onboard the Next Billion Web3 Users
The post BNB Chain Celebrates 4 Years, Aiming to Onboard the Next Billion Web3 Users appeared on BitcoinEthereumNews.com. Darius Baruo Sep 04, 2024 06:01 BNB Chain marks its fourth anniversary with a focus on expanding its ecosystem and onboarding the next billion Web3 users through innovative strategies and continuous support for developers. BNB Chain, a leading blockchain ecosystem, recently celebrated its fourth anniversary on September 1, 2024. The event, known as “BNB Day,” highlighted the platform’s commitment to supporting startups and developers while aiming to onboard the next billion Web3 users through a cost-effective, scalable, and secure infrastructure. One BNB Strategy One of the significant initiatives announced was the “One BNB” strategy, a unified multichain ecosystem integrating BNB Smart Chain (BSC), opBNB, and Greenfield. This strategy aims to drive fully on-chain decentralized applications (Dapps) across various sectors, including AI, gaming, and DeFi. Developer and Startup Support BNB Chain has expanded its support for developers and startups through initiatives like the MVB Program, BNB Incubation Alliance (BIA), grants, and Launch-as-a-Service (LaaS) packages. Between Q3 2023 and Q2 2024, BNB Chain allocated $7 million to nurture its ecosystem. Notably, MVB Season 7 attracted over 700 applications, with 13 standout teams receiving significant support and investment from Binance Labs. Community and Ecosystem Growth The BNB Chain ecosystem has seen substantial growth, now boasting nearly 800 live Dapps and reaching 1.2 million daily active users (DAUs) on BSC and 2.7 million DAUs on opBNB. This growth is reflected in the total value locked (TVL) on BSC, which increased by 40.4% to $4.82 billion. Performance and Scalability Enhancements BNB Chain achieved significant performance milestones, including 10,000 transactions per second (TPS) on opBNB and the introduction of Blob-carrying transactions. These advancements aim to improve user experience and reduce costs. Additionally, BNB Chain has strengthened its security measures, resulting in an 87% reduction in total loss year on year. Bringing Web3 to the Next Billion…
The post BNB Chain Celebrates 4 Years, Aiming to Onboard the Next Billion Web3 Users appeared on BitcoinEthereumNews.com.
Darius Baruo Sep 04, 2024 06:01 BNB Chain marks its fourth anniversary with a focus on expanding its ecosystem and onboarding the next billion Web3 users through innovative strategies and continuous support for developers. BNB Chain, a leading blockchain ecosystem, recently celebrated its fourth anniversary on September 1, 2024. The event, known as “BNB Day,” highlighted the platform’s commitment to supporting startups and developers while aiming to onboard the next billion Web3 users through a cost-effective, scalable, and secure infrastructure. One BNB Strategy One of the significant initiatives announced was the “One BNB” strategy, a unified multichain ecosystem integrating BNB Smart Chain (BSC), opBNB, and Greenfield. This strategy aims to drive fully on-chain decentralized applications (Dapps) across various sectors, including AI, gaming, and DeFi. Developer and Startup Support BNB Chain has expanded its support for developers and startups through initiatives like the MVB Program, BNB Incubation Alliance (BIA), grants, and Launch-as-a-Service (LaaS) packages. Between Q3 2023 and Q2 2024, BNB Chain allocated $7 million to nurture its ecosystem. Notably, MVB Season 7 attracted over 700 applications, with 13 standout teams receiving significant support and investment from Binance Labs. Community and Ecosystem Growth The BNB Chain ecosystem has seen substantial growth, now boasting nearly 800 live Dapps and reaching 1.2 million daily active users (DAUs) on BSC and 2.7 million DAUs on opBNB. This growth is reflected in the total value locked (TVL) on BSC, which increased by 40.4% to $4.82 billion. Performance and Scalability Enhancements BNB Chain achieved significant performance milestones, including 10,000 transactions per second (TPS) on opBNB and the introduction of Blob-carrying transactions. These advancements aim to improve user experience and reduce costs. Additionally, BNB Chain has strengthened its security measures, resulting in an 87% reduction in total loss year on year. Bringing Web3 to the Next Billion…
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