Unlocking the Potential of OpBNB with Chain Optimism on Mainnet

The Benefits of opBNB Platform

The BNB Chain blockchain ecosystem is set to leverage Optimism’s rollup technology to power its newly launched opBNB layer 2 scaling platform. This platform offers users lower gas fees and faster transactions to decentralized applications running within the ecosystem.

BNB Chain recently announced the public mainnet launch of its Ethereum Virtual Machine (EVM) compatible L2, which has already processed over 35 million on-chain transactions and seen more than 150 DApps deployed on its testnet. The platform also achieved a peak of 4,000 transactions per second during a stress test.

BNB Chain senior solution architect Arno Bauer highlighted scalability and security as top priorities for the scaling solution while meeting stringent crypto and blockchain criteria.

Optimism and DeFi Protocols

As Cointelegraph previously reported, opBNB is based on the Optimism OP Stack and is EVM compatible, allowing it to interact with Ethereum-based smart contracts, networks and ERC-20 token standards.

Optimism makes use of optimistic rollups to scale transactions by assuming that transaction data that has been proven off-chain is valid until proven otherwise. This technology has been essential to help the Ethereum network scale, however, some critics point out the week-long lockup of funds in these protocols while validation checks are processed.

Recently, Optimism has seen a significant boost in daily transaction volumes processed and an increasing number of active daily addresses, suggesting that the layer 2 solution continues to offer value to users and DApps.

A number of major decentralized finance (DeFi) protocols have also deployed on Optimism to take advantage of its scaling capabilities, such as Uniswap, Aave, 1inch Network, SushiSwap and Curve Finance.

Cointelegraph has contacted BNB Chain to learn more about opBNB’s progress and other potential scaling solutions that the ecosystem might have looked into.

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