BNB Chain ended Q3 2025 with strong growth. BNB’s circulating market cap rose 51.6% QoQ to $140.4 billion, making it the fifth-largest crypto asset by market cap, while network fees held steady at $44.0 million due to a reduction in gas prices. Network activity accelerated with daily transactions increasing 35.3% QoQ to 13.3 million and daily active addresses rising 47.1% to 2.3 million. Infrastructure performance improved through the alpha release of the Reth client, which delivered faster sync times and lower execution latency than the legacy Geth client. MEV-related block production rose 136.1% QoQ to 114,881 blocks per day, and adoption of the Builder API reached 99.8% of blocks. The Good Will Alliance further strengthened MEV defenses, contributing to a more than 95 percent drop in sandwich attacks across the network. Ecosystem activity broadened across DeFi, stablecoins, and NFTs, with a major focus being on RWAs. DeFi TVL increased 30.7% QoQ to $7.8 billion, led by PancakeSwap, ListaDAO, and Aster’s TGE-driven growth. Average daily DEX volume rose 29.6% to $2.4 billion, and stablecoin market cap expanded 32.3% to $13.9 billion, supported by USDT growth, ongoing USD1 usage, and rapid scaling of USDe and USDF. NFT activity nearly doubled in both trading volume and sales, while developer and institutional engagement deepened through new MVB cohorts, an upgraded Kickstarter Program, tokenized U.S. equities via xStocksFi, and Franklin Templeton’s integration of BNB Chain into its Benji platform. Overall, Q3 2025 marked a period of broad expansion, improved infrastructure readiness, and continued ecosystem maturation.