Currently, evaluating the value of a public chain, relying solely on TPS numbers or modular concepts has become somewhat aesthetically fatigued. The key still depends on what it actually carries—whether there are genuine, sustained users and funds transferring on it. From this perspective, BNB Chain's performance in the just-past 2025 has been quite convincing.

Let's first look at the most straightforward data: users and funds. Daily active addresses have surged to 4.4 million, taking the top spot, and this traffic is solid. The number of daily transactions on the chain remains stable at tens of millions, with October even setting a record of 31 million transactions in a single day, a 150% increase from peak periods. In terms of funds, the total value locked (TVL) has increased by 40.5% year-over-year, and behind this growth is an increasing depth of the ecosystem.
But what truly makes me feel that this chain has a different “quality” are two things: the scale-up of stablecoins and RWA (Real World Assets). This is not just capital inflow; it also signifies a fundamental shift in the chain’s positioning.
The total market cap of on-chain stablecoins has doubled, reaching a peak of $14 billion, and the latest data shows it has exceeded $14.7 billion. Why is this important? Because it indicates that BNB Chain is transforming from a platform mainly for speculative trading into a practical network capable of handling daily payments and financial activities. When stablecoin transfer costs are driven down to nearly negligible levels with solutions like opBNB, confirmation times entering sub-second levels, using it for payroll and merchant settlements becomes truly feasible. Franklin D. Roosevelt,