Validators process transactions and receive fees from users (supply-side fees).

BNB Chain is a smart contract platform for decentralized applications (a blockchain). BNB Chain was founded by Changpeng Zhao and launched in 2020.

BNB holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue).

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Blockchains (L1)

BNB Chain

# BNB Chain Staking market cap Methodology

## 1. Overview

BSC staking market cap measures the total USD value of BNB tokens staked across all validators and staking pools on the Binance Smart Chain (BSC). This metric represents the total economic value locked in BSC's proof-of-stake consensus mechanism, providing insight into network security and validator participation. The calculation aggregates daily snapshots of pooled BNB amounts across all staking contracts and converts them to USD using end-of-day price feeds.

## 2. Data sources

The calculation relies on several key data sources:
- **BSC blockchain state data**: Daily snapshots of validator and staking contract states containing total pooled BNB amounts
- **Staking contract balances**: Balance data from BSC staking pools and validator contracts, including operator addresses and credit contract addresses
- **BSC state snapshots**: Periodic captures of blockchain state data stored in JSON format containing staking pool information
- **End-of-day price feeds**: Daily closing prices for BNB token to enable USD conversion
- **Token metadata**: Contract information for WBNB (`0xbb4cdb9cbd36b01bd1cbaebf2de08d9173bc095c`) used for proper token classification

## 3. Step-by-step calculation

### Component A: Raw staking data extraction
- **Purpose**: Extract and parse total pooled BNB amounts from BSC state data
- **Logic**: Daily snapshots of BSC staking contract states are processed to extract `total_pooled_bnb` values stored in JSON format. The system parses these JSON objects using `json_value()` extraction, safely casting the string values to high-precision numeric format. Only records with valid, non-null BNB amounts are retained for further processing.
- **Key fields**: `timestamp` for daily snapshots, `chain` identifier, `operator_address` and `credit_contract_address` for staking contract identification, and `total_pooled_bnb` containing the aggregated BNB amounts

### Component B: Metadata assignment and standardization
- **Purpose**: Apply consistent categorization and token identification to the staking data
- **Logic**: Each record is assigned standardized metadata including market sector classification as `blockchains_l1`, business segment as `blockchain`, and both product and chain identifiers set to `bsc`. The WBNB contract address is applied to all records for proper token classification and downstream processing.
- **Key fields**: `market_sector_id`, `business_segment_id`, `product_id`, `chain_id`, and `token_address` for consistent data categorization

### Final aggregation
- **Combining components**: The parsed BNB amounts are combined with standardized metadata to create a complete time series of staking market cap values
- **Currency conversion**: BNB amounts are converted to USD using end-of-day price feeds through the standard conversion macro, which applies both currency conversion and decimal corrections to ensure accurate USD values
- **Time aggregation**: Data is maintained at daily granularity with `timestamp_grain` set to `day`, ensuring consistent time series boundaries
- **Final calculation**: The metric represents the total USD value of all BNB staked across BSC validators and staking pools, with missing data points filled with zeros to maintain complete time series coverage and chain availability filtering applied to exclude periods with potentially incomplete data

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens currently staked to secure a proof-of-stake network.

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Staking market cap

Staking market cap

Competitive landscape

Chain breakdown