BNB網路在監管挑戰中蓬勃發展，但悲觀情緒依然存在

儘管面臨監管壓力，BNB 網路指標仍在飆升，第一季網路收入突破 6,600 萬美元

BNB Network Soars Amid Regulatory Headwinds, But Bearish Sentiment Lingers

BNB網路在監管逆風中飆升，但看空情緒依然存在

Despite facing intense regulatory scrutiny, the Binance Smart Chain (BNB) has emerged as a resilient ecosystem, posting impressive growth metrics in the first quarter of 2024.

儘管面臨嚴格的監管審查，幣安智能鏈（BNB）已成為一個有彈性的生態系統，並在 2024 年第一季發布了令人印象深刻的成長指標。

BNB Network's Financial Performance Surpasses Expectations

BNB Network財務表現超預期

The BNB network generated a staggering $66.8 million in revenue in Q1, a remarkable 70% surge from the previous quarter. This unprecedented revenue growth outpaced any other quarter in 2023 and was primarily driven by the appreciation in the value of BNB.

BNB 網路在第一季創造了驚人的 6,680 萬美元收入，比上一季大幅成長 70%。這一前所未有的收入成長超過了 2023 年任何其他季度，主要是由 BNB 價值升值推動的。

Gas fees from Decentralized Finance (DeFi) transactions remained the network's primary revenue source, contributing 76,200 BNB, a modest increase from the previous quarter. DeFi transactions accounted for a significant 46% of total revenue. Notably, stablecoins experienced a surge in revenue, with a 29% increase from 19,500 to 25,100 BNB quarter-over-quarter (QoQ).

來自去中心化金融（DeFi）交易的 Gas 費仍然是網路的主要收入來源，貢獻了 76,200 BNB，較上一季略有成長。 DeFi 交易佔總收入的 46%。值得注意的是，穩定幣的收入大幅增長，環比增長 29%，從 19,500 BNB 增加到 25,100 BNB。

However, the network's revenue growth was not uniform across all categories. The Gaming and Infrastructure categories witnessed notable declines in revenue.

然而，該網路所有類別的收入成長並不均勻。遊戲和基礎設施類別的收入顯著下降。

Network Activity Remains Strong Despite Decline in Transactions

儘管交易量下降，網路活動仍然強勁

Despite an overall 9% decrease in average daily transactions from the previous quarter, the BNB network saw a significant 26% growth in average daily active addresses, which increased from 1.0 million to 1.3 million.

儘管日均交易量較上一季整體下降 9%，但 BNB 網路的日均活躍位址卻大幅成長 26%，從 100 萬增加到 130 萬。

Several protocols on the BNB Smart Chain experienced substantial growth in average daily transactions. USDT emerged as a dominant stablecoin, recording 619,300 daily transactions, a 22% increase from the previous quarter. It significantly outpaced the second-ranking protocol, PancakeSwap, which averaged 345,200 daily transactions, a modest 4% increase.

BNB 智慧鏈上的多個協定的日均交易量大幅成長。 USDT 成為主導穩定幣，每日交易量為 619,300 筆，較上一季成長 22%。它顯著超過了排名第二的協議 PancakeSwap，後者日均交易量為 345,200 筆，小幅增加了 4%。

USDT and PancakeSwap accounted for an impressive 74% of protocol transactions, a 10% increase from the previous quarter. Overall, average daily transactions involving protocols increased by 5%, from 1.2 million to 1.3 million.

USDT 和 PancakeSwap 佔協議交易量的 74%，比上一季成長 10%，令人印象深刻。總體而言，涉及協議的日均交易量增加了 5%，從 120 萬筆增加到 130 萬筆。

Bearish Sentiment Grows Despite Network Growth

儘管網路成長，看跌情緒仍在成長

Despite the BNB network's strong performance, the sentiment around the BNB token remains bearish. Short positions have surged to a staggering 52%, indicating that a majority of traders anticipate a decline in the token's value. It remains to be seen whether this bearish sentiment will ultimately prove correct.

儘管 BNB 網路表現強勁，但圍繞 BNB 代幣的情緒仍然看跌。空頭部位激增至驚人的 52%，這表明大多數交易者預計代幣價值會下跌。這種看跌情緒最終是否正確還有待觀察。

Conclusion

結論

The BNB network has demonstrated resilience and growth in the face of regulatory scrutiny, with impressive financial performance and robust network activity. However, bearish sentiment surrounding the BNB token remains a concern, highlighting the ongoing uncertainty in the cryptocurrency market.

BNB 網路在面對監管審查時表現出了韌性和成長能力，具有令人印象深刻的財務業績和強勁的網路活動。然而，圍繞 BNB 代幣的看跌情緒仍然令人擔憂，凸顯了加密貨幣市場持續的不確定性。