• BNB Chain (BNB) is an ecosystem of blockchains where each chain serves a particular function. • The three core components of BNB Chain are as follows: The metrics in this report will mostly focus on BNB Smart Chain (BSC). • BSC is an EVM-compatible, Layer-1 blockchain secured by a form of Proof-of-Staked-Authority (PoSA) that combines aspects of Proof-of-Authority (PoA) and Delegated Proof-of-Stake (DPoS). • In PoSA on BSC, the validator set is of fixed size and is elected by stake weight (staked plus bonded). • In addition, validators must continue staking assets to secure the network, and validators chosen to produce blocks are rotated (not based on stake weight). • Website / X (Twitter) / Telegram BNB’s circulating market cap fell 15.3% QoQ to $118.9 billion in Q4 2025.
Article Summaries:
- BNB Chain Q4 2025 Highlights
In Q4 2025, BNB’s market cap fell 15.3 % QoQ to $118.9 billion, and its price dropped 15.3 % to $863 after peaking at $1,370 on Oct 13. Despite the slide, BNB remains the third‑largest cryptocurrency by market cap, surpassing XRP. Fees on BSC surged 127.3 % QoQ to $100.1 million, largely due to a volatility‑driven spike on Oct 11 that triggered widespread liquidations and increased blockspace demand. Daily on‑chain activity rose 30.4 % to 17.3 million transactions, and active addresses climbed 13.3 % to 2.6 million. The 33rd burn on Oct 27 reduced circulating supply to 137.7 million, giving an annualized deflation rate of 4.3 %. BSC continues to use a PoSA consensus with 45 validators elected daily.
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