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\t\t\t\t\t\t\t\tPosted: September 15, 2023 Binance [BNB]<\/a>, one of the largest blockchain companies in the world, added a new feather to its cap as it rolled out the mainnet of its much-awaited layer-2 (L2) network, opBNB.<\/p>\n Today, we’re launching the opBNB mainnet!<\/p>\n Our Layer 2 solution is now fully released to the public, allowing for lightning-fast transactions and super-low fees! \u26a1<\/p>\n Let’s dive deeper into the incredible benefits this brings to BSC \ud83e\uddf5[1\/6]https:\/\/t.co\/vRK7Pbyk4b<\/a> pic.twitter.com\/hqxt3ChsR4<\/a><\/p>\n \u2014 BNB Chain (@BNBCHAIN) September 13, 2023<\/a><\/p>\n<\/blockquote>\n \u00a0<\/p>\n Read Binance Coin\u2019s [BNB] Price Prediction<\/a>\u00a02023-24<\/p>\n The development was part of the Binance\u2019s broader vision to onboard the next one billion users to Web3.<\/p>\n Unlike most other L2 networks which cater to the Ethereum [ETH]<\/a> base layer, opBNB would function to ease the burden of BNB Smart Chain.<\/p>\n The project is built on the OP stack, the software powering another prominent L2 blockchain, Optimism [OP]<\/a>. Moreover, it\u2019s an Ethereum Virtual Machine (EVM) compatible chain, meaning that decentralized applications (dApps) from other EVM networks could be easily migrated without changing the code.<\/p>\n Like other L2s, opBNB aimed to provide significant enhancements in terms of transaction throughput and usage costs vis-\u00e0-vis the base layer.<\/p>\n The results from the nearly three-month-long testing phase yielded encouraging results, as per the BNB Chain team. More than 35 million on-chain transactions were executed, with a daily transaction range of 100,000-150,000.<\/p>\n Notably, it took just one second to produce a new block. On BNB Chain, for context, it took roughly three seconds<\/a>. The transaction costs were also reported to have been significantly reduced, as low as $0.005 for each transfer, with L2 gas costs at 0.2 gwei.<\/p>\n On-chain data since the launch announcement corroborated the above claims. Notably, the transaction count jumped to 138,777 on 13 September.<\/p>\n Source: opBNBScan<\/p>\n<\/div>\n Furthermore, the gas price was found to be in line with the aforementioned test phase results. Note that the average gas price on the BNB Chain was nearly 4x<\/a> this value.<\/p>\n
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\nA scaling solution for BNB Chain<\/h4>\n
Assessing the chain\u2019s performance<\/h4>\n
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