BNB Chain processed 1.51 billion transactions in the third quarter of 2026, an average of roughly 16.4 million per day, according to Blockworks' Q3 2026 Token Holder Report. The data depicts a network where fewer wallets were doing more work, and where tokenized equity trading moved from a peripheral experiment to the quarter's headline story.

Throughput and tokenized-asset volumes

Transaction count rose 7.5% quarter over quarter, up from the 1.41 billion transactions recorded in Q2.

Trading in tokenized equities and real-world assets — traditional financial instruments represented as on-chain tokens — on BNB Chain reached $25.6 billion in Q3, compared with $2.4 billion in Q2, an increase of roughly eleven times. Decentralized exchange activity drove most of that volume. According to Blockworks, BNB Chain captured over half of all tracked tokenized-asset trading volume during the quarter, meaning the majority of this activity occurred on a single network rather than being spread across chains.

Broader DEX metrics also moved higher, though by less. Spot DEX volume climbed 28% to $75.7 billion, while lending deposits rose 42% to $3.57 billion — both well short of the elevenfold expansion in tokenized equity and RWA trading, underscoring how concentrated the quarter's growth was in that one segment.

Revenue grew faster than usage

BNB Chain's network revenue equivalent value, a metric Blockworks refers to as REV, increased 54% quarter over quarter to $54.2 million. That total breaks down into $49.1 million in transaction fees and $5.1 million in miner extractable value payments.

The gap between revenue and usage is the notable part: transactions grew 7.5% while REV grew 54%, and average transaction fees rose 43% to $0.032, so each transaction carried more fee revenue than a quarter earlier. Net income for token holders grew 57% to $45.1 million, an increase Blockworks attributed to firmer demand for BNB Chain's blockspace.

Fewer wallets, heavier users

Daily active addresses averaged 2.10 million in Q3, a decline of 14% from Q2. Average transactions per address, however, rose from 6.3 to 7.8, indicating that the remaining users were considerably more active than in the prior quarter. Taken together, the two figures show that the quarter's transaction growth came from deeper activity among existing wallets rather than an expanding user base — a divergence worth checking against Q4 address counts.

The Pasteur upgrade

The Pasteur hard fork — a coordinated protocol change requiring validators to upgrade — went live on August 25, 2026, partway through the quarter. The upgrade targeted block-building efficiency and, according to Blockworks, lifted gas delivered per block by 28%.

With tokenized-asset volume, REV, and fee levels all at fresh quarterly highs, the figures to watch into Q4 are whether tokenized-equity trading holds its new run rate, whether active addresses recover, and how fee levels behave under the upgraded per-block capacity.