After rigorous testing that spanned 1.5 months and the partial mainnet launch in the middle of August, BNB Chain developers finally released opBNB to the public.

Binance’s opBNB is an Ethereum Virtual Machine (EVM)-compatible layer 2 solution and was developed using Optimism’s OP Stack and will make full use of the latter’s optimistic rollup technology. It was created to enhance the scalability of the Binance Smart Chain (BSC) and Optimism seems to have been the best choice with the latter being known for cost-effectiveness.

The tests held last June revealed that the network recorded over 7 million on-chain transactions with transaction times averaging just around one second. The network achieved a peak of 4,000 transactions per second; the next step is the maintenance of this 4,000 TPS.

Apart from this, opBNB’s Testnet revealed its capacity to support an array of tokens, encompassing not only Binance’s proprietary BNB but also widely recognized stablecoins like BUSD, USDT, and DAI. Lastly, the use of Optimism’s technology could potentially solve BNB Chain’s own security woes, as the chain has endured several expensive exploits in the past.

As the top cryptocurrency exchange in the world (by volume), Binance has been eyeing expansion not simply physically to other countries, but in the potential services it can offer. opBNB is one such endeavor and BNB Chain is currently initiating grants and builder programs for prospectiv

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Author: Vince Dioquino

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