BNB Chain delivered a strong performance in Q3 2025, marking one of its best quarters in nearly a year.
From user activity and DeFi growth to infrastructure upgrades and MEV protection, the data shows strong momentum.
Here's a Q3 overview provided by @Messari 🧵👇
Q3 was a breakout quarter for BNB Chain:
• Market capitalization increased by 51.6% to $140.4 billion
• Daily transaction volume increased by 35.3% to 13.3 million
• Daily active addresses increased by 47.1% to 2.3 million
• Total DeFi locked value increased by 30.7% to $7.8 billion
• Stablecoin market capitalization increased by 32.3% to $13.9 billion
• DEX daily trading volume increased by 29.6% to $2.4 billion
Read on for the full Q3 performance analysis 👇
BNB's market capitalization increased by 51.6% quarter-over-quarter in Q3, reaching $140.4 billion.
This made BNB the fifth-largest crypto asset by market capitalization at the end of the quarter, reflecting strong price performance and increasing network usage.
Network usage accelerated across the board.
• Daily transaction volume increased by 35.3% quarter-over-quarter, reaching 13.3 million transactions.
• Daily active addresses increased by 47.1%, reaching 2.3 million.
The growth was primarily driven by DeFi, stablecoins, NFTs, and high-frequency trading applications.
In Q3, even with daily transaction volume exceeding 13 million transactions, the average cost per transaction decreased following the Lorentz and Maxwell upgrades.
The Lorentz and Maxwell upgrades significantly reduced gas prices, lowering fees per transaction for users, while network activity also increased significantly.
Lower costs, higher throughput, and unchanged scale.
BNB Chain's DeFi TVL increased by 30.7% quarter-over-quarter, reaching $7.8 billion.
As of the end of Q3, BNB Chain had become the third-largest network in terms of TVL, primarily driven by the growth of @pancakeswap, @lista_dao, and @Aster_DEX.
DEX activity continued to grow.
• Decentralized Exchange (DEX) daily trading volume increased by 29.6% quarter-over-quarter, reaching $2.4 billion.
• BNB Chain ranked second among all blockchains by DEX trading volume.
• Liquidity is no longer confined to a single trading venue.
Stablecoins became the main growth driver in Q3.
• Stablecoin market capitalization increased by 32.3% quarter-over-quarter, reaching $13.9 billion.
• All issuers achieved growth, including yield-generating assets and synthetic assets.
• The zero-fee carnival event continued to lower the barrier to user registration.
Infrastructure maturity improved significantly this quarter.
• The Reth client alpha version was launched, with faster synchronization and lower latency.
• 99.8% of blocks used the Builder API.
• Sandwich attacks were reduced by more than 95% through MEV protection.
Q3 2025 was a quarter of comprehensive expansion for BNB Chain.
Increased user numbers, enhanced liquidity, stronger infrastructure, and continued progress in the DeFi and stablecoin sectors.