BNB Chain’s Layer 2 opBNB Market Share Surges by 69%

Abstract

• BNB Chain’s Layer 2 resolution, opBNB, has achieved a fast 69% surge in market share progress in just below two months since its mainnet launch.
• Binance has built-in opBNB, providing help for deposits and withdrawals of BNB, FDUSD, and USDT on the layer 2 community, highlighting opBNB’s attraction for high-frequency transaction dApps in gaming, SocialFi, and DeFi.

opBNB DAU Soars

BNB Chain’s Layer 2 resolution, opBNB, has quickly emerged because the second hottest Layer 2 blockchain by day by day lively customers (DAU), attaining a exceptional 69% surge in market share progress in just below two months since its mainnet launch. Earlier in September, BNB Chain unveiled the opBNB Mainnet for the general public, following rigorous durations of testing.

opBNB DAU. Supply: opBNBScan

OpBNB’s Every day Lively Customers (DAU) skyrocketed to a powerful 92,761, in accordance with opBNBScan, indicating a 69% progress in market share within the L2 area.The surge highligts the community’s fast improvement and its suitability for high-frequency transactions throughout numerous sectors, together with SocialFi, DeFi, and GameFi.

Binance Integrates opBNB

Along with the surge in day by day lively customers, Binance, on November 8, introduced help for deposits and withdrawals on opBNB, integrating BNB, FDUSD, and USDT on the layer 2 community.

OpBNB’s attraction lies in its potential to cater to high-frequency transaction dApps, significantly throughout the gaming, SocialFi, and DeFi sectors. Constructed on the BNB Good Chain (BSC), opBNB presents low fuel charges, excessive speeds, and scalability, making it a most well-liked selection for builders and customers alike.

Notable on-chain progress statistics additional show opBNB’s ascent:

• DAU Peak: OpBNB witnessed a surge in DAU, peaking at 92,761 on September 15, propelling its market share from 13% to 22% inside one month.
• Whole Transactions: Over 13.6 million transactions have been executed on opBNB for the reason that mainnet launch.
• Whole Worth Bridged (TVB): OpBNB’s TVL skilled a 23% surge, with internet inflows reaching $4.7 million by the top of Q3, per information from Messari.
• Whole Deployed Contracts: OpBNB has seen 143,502 contracts deployed up to now.
• Common Fuel Value: With a low common fuel worth of 0.008 Gwei, opBNB proves to be a cheap selection for high-frequency transactions, NFT minting, and different functions, compared to different blockchains the place fuel charges can soar past $10 for NFT minting.
• Transactions Per Second (TPS): OpBNB’s TPS now rivals main Layer 2 options, averaging at 5 TPS, positioning it as one of many top-performing blockchains in accordance with l2beat information.

The BNB Chain Core Improvement Crew expressed their pleasure, stating:

“opBNB is having a profound impression on the business, particularly for high-frequency transaction dApps throughout SocialFi, GameFi, and DeFi.”

The workforce believes Binance’s help will enhance effectivity, liquidity, and accessibility for customers, decreasing withdrawal instances in addition to allow seamless administration of opBNB property on the change.