In a recent report by market analysis firm Messari, BNB Chain demonstrated remarkable performance in the first quarter of 2025, showcasing substantial growth in network revenue. The total fees collected by the network reached $70.8 million, marking a significant 58.1% quarter-over-quarter (QoQ) increase from $44.6 million in the previous quarter.
Notably, the 30th quarterly BNB burn took place on January 23, where 1.6 million BNB, valued at approximately $1.2 billion at the time, was removed from circulation. On-chain activity continued its upward trend, with average daily transactions rising by 20.9% QoQ to reach 4.9 million, and average daily active addresses increasing by 26.4% to 1.2 million. In terms of staking, total staked BNB increased by 2.4% QoQ, although the dollar value of staked BNB fell by 11.8% due to a decrease in BNB’s price.
Related Reading: Technical Indicators Suggest Bitcoin May Reach $120,000 In Q2, Says Standard Chartered One of the most significant findings from Messari’s report was the dramatic increase in gas fees from wallet-to-wallet transactions, which soared by 122.6% QoQ, generating 19,266 BNB and accounting for 17.4% of total revenue. This shift marked wallet-to-wallet transactions as the largest contributor to revenue, surpassing the previously dominant DeFi sector, which saw its share of revenue drop to 8.4% despite a 7.6% increase in fees.
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