BNB Chain Leads Onchain Growth Among Major L1 Blockchains

BNB Chain is experiencing a surge in onchain growth, outperforming many other major Layer 1 blockchains in early 2026. The chain's daily active addresses have reached 2.5 to 3 million, with single-day peaks exceeding 3 million, surpassing Ethereum's roughly 1.8 million and trailing Solana's lead. This growth is also reflected in the chain's transaction volume, averaging 11 to 14 million per day in recent weeks.

One of the most significant contributors to BNB Chain's success is its stablecoin ecosystem, with a market cap of $13.76 billion as of late February. This represents roughly 25% of global stablecoin active addresses, ahead of Tron and well above Ethereum and Solana. The 0 Fee Carnival initiative has been a major driver of this growth, eliminating gas costs for USDC, USD1, and U transactions across nine participating exchanges.

The chain's real-world asset (RWA) adoption is also noteworthy, with a total onchain RWA market cap of $2.56 billion as of late February. This represents the second-largest RWA network behind Ethereum, with 48 asset issuers across 22 asset classes now active on the chain.