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opBNB Soars to Second Place in L2 Scaling with Binance Support

BNB Chain's Layer 2 Solution Sees Remarkable Growth in Two Month

by V. Sinclair
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opBNB, BNB Chain’s Layer 2 scaling solution, has experienced remarkable growth since its mainnet launch in August 2023. In just two months, opBNB has become the second most popular L2 in terms of daily active users (DAU), according to data from each chain’s respective explorer. This impressive growth is attributed to several factors, including opBNB’s ability to significantly reduce gas fees and transaction times for decentralized applications (DApps) running on BNB Chain.

Key Highlights

  • Surge in DAU: opBNB’s DAU peaked at 92,761 on September 15, demonstrating significant user adoption.

  • Market Share Growth: opBNB’s market share surged from 13% to 22% in just one month, indicating its rapidly growing popularity.

  • Transaction Volume: Over 13.6 million transactions have been executed on opBNB since its mainnet launch, highlighting its ability to handle a large volume of transactions.

  • TVL Growth: The official mainnet announcement fueled a 23% surge in opBNB’s TVL, with net inflows reaching $4.7 million by the end of Q3.

  • Deployed Contracts: opBNB has seen 143,502 total deployed contracts to date, indicating a thriving developer ecosystem.

Binance Support

Further bolstering opBNB’s growth, Binance, the world’s leading cryptocurrency exchange by trading volume, has announced that it will support opBNB deposits and withdrawals. This integration will make it easier for users to move their opBNB tokens between Binance and the opBNB network, further enhancing opBNB’s accessibility and utility.

Conclusion

opBNB’s rapid growth and Binance’s support underscore its potential to play a significant role in the future of BNB Chain. By providing a scalable and cost-effective solution for DApps, opBNB is helping to attract more users and developers to the BNB Chain ecosystem. With its strong momentum and promising future, opBNB is poised to become a major player in the L2 scaling landscape.

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