BNB Chain's market capitalization hit $118.9 billion by the end of 2025, marking a 17.8% increase from the previous year, according to Messari's Q4 report. This positions BNB as the third-largest cryptocurrency asset. The report highlights a 30.4% quarter-over-quarter rise in daily transaction volume, reaching 17.3 million transactions, alongside an increase in daily active addresses to 2.6 million. Real World Assets (RWA) emerged as a significant growth driver, with on-chain value soaring to $2 billion, reflecting a 228% quarterly and 555% annual increase, second only to Ethereum. The stablecoin market cap grew by 9.2% to $15.2 billion, while DeFi total value locked (TVL) was $6.6 billion, with PancakeSwap contributing 33.5% of the total.