According to Ambcrypto.com: BNB Chain's Layer-2 (L2) scaling solution, opBNB, has experienced exceptional growth since its mainnet launch in September, according to Ambcrypto.com. The project quickly claimed the second-highest number of daily active users (DAU) amongst all L2s within its first month of operation, falling just behind Arbitrum (ARB), Ethereum's L2 scaling solution.
Data from opBNBScan highlighted the DAU count peaking at 92,761 on September 15th, with sustained growth noted throughout October. Importantly, opBNB's market share surged from 13% to 22% within just the first month of its launch, BNB Chain reported.
User base growth led to a surge in on-chain transactions, with daily transaction counts reaching a peak of 790,088 on October 19th, coinciding with the boom in user activity. While the count dropped to 226,540 in the last 24 hours, it remains notably higher than the 100-150K range observed during the testing phase.
Almost 20 million transactions have been transacted on the network since its launch. The transactions per second (TPS) rate also spiked to 9.14 on the day transactions peaked. Maintaining an average of 5 TPS, opBNB is competitive with top L2s in terms of transaction throughput. Furthermore, the solution reportedly takes just one second to produce a new L2 block on average.
One standout feature of opBNB is its low gas costs, boasting an average gas price of just 0.008 gwei, significantly undercutting the BNB Chain's average gas price of 7.46 gwei as of November 8th. These attractive gas prices potentially position opBNB as a preferred choice for high-frequency applications, particularly NFTs and gaming applications, which have largely driven the noted growth in user activity and transactions.
The ecosystem's native token, BNB, has benefitted from the broader market's bullish sentiment, currently trading at $250.99 and witnessing a week-on-week gain of 8.58%, as per CoinMarketCap.
