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- BNB Chain’s Layer 2 solution, opBNB, has achieved a rapid 69% increase in market share in just under two months since the mainnet launch.
- Binance has integrated opBNB and supports BNB, FDUSD, and USDT deposits and withdrawals on the layer 2 network, highlighting opBNB’s appeal for high-frequency transaction dApps in gaming, SocialFi, and DeFi.
onBNB DAU rises
BNB Chain’s Layer 2 solution, opBNB, has quickly become the second most popular Layer 2 blockchain among daily active users (DAU), achieving a remarkable 69% increase in market share growth in just under two months since the launch of the mainnet. Earlier in September, BNB Chain unveiled the opBNB Mainnet to the public, after rigorous testing periods.
onBNB DAU. Source: opBNBScan
OpBNB’s Daily Active Users (DAU) count skyrocketed to an impressive 92,761, according to opBNBScan, indicating a 69% growth in market share in the L2 space. The increase highlights the rapid development of the network and its suitability for high-frequency transactions across various sectors, including SocialFi, DeFi and GameFi.
Binance integrates on BNB
In addition to the increase in daily active users, Binance announced support for deposits and withdrawals on opBNB on November 8, integrating BNB, FDUSD and USDT on the layer 2 network.
OpBNB’s appeal lies in its ability to cater to high-frequency transaction dApps, particularly within the gaming, SocialFi and DeFi sectors. OpBNB is built on the BNB Smart Chain (BSC) and offers low gas costs, high speeds and scalability, making it a preferred choice for developers and users alike.
Remarkable growth statistics in the chain further demonstrate the rise of opBNB:
- DAU peak: OpBNB witnessed an increase in DAU, peaking at 92,761 on September 15, increasing its market share from 13% to 22% within a month.
- Total number of transactions: Since the launch of the mainnet, more than 13.6 million transactions have been completed on opBNB.
- Total Value Bridged (TVB): OpBNB’s TVL saw a 23% increase, with net inflows reaching $4.7 million by the end of the third quarter, according to Messari data.
- Total number of contracts implemented: OpBNB has implemented 143,502 contracts to date.
- Average gas price: With a low average gas price of 0.008 Gwei, opBNB proves to be a cost-effective choice for high-frequency transactions, NFT mining and other applications, compared to other blockchains where gas costs for NFT mining can rise above $10.
- Transactions per second (TPS): OpBNB’s TPS now competes with leading Layer 2 solutions, with an average of 5 TPS, making it one of the best performing blockchains according to l2beat data.
The BNB Chain Core Development Team expressed their excitement and said:
“opBNB is having a profound impact on the industry, especially for high-frequency transaction dApps via SocialFi, GameFi and DeFi.”
The team believes that Binance’s support will improve efficiency, liquidity and accessibility for users, shorten withdrawal times and enable seamless management of opBNB assets on the exchange.
