Layer 2 solutions are scaling technologies often highlighted to address certain challenges of layer 1 blockchains on which they are built upon.
The Impact
Developers expect the #opbnb testnet to reach speeds of 4,000 transactions per second (tps) at a targeted cost of 0.005 U.S. cents per transaction. These are similar speeds seen on blockchains such as Arbitrum, double those of BNB Chain, and significantly higher than Ethereum’s 30 transaction per second.
The impact on the market is pretty big for $OP that have gone up by nearly 24.2% in the past 7 days !
opBNB shakes up L2 ecosystem
In the first month of operations, the project went on to become the L2 with the second-highest number of daily active users (DAU), BNB Chain said in blog post.
opBNB was ranked just behind Ethereum [ETH] scaling solution Arbitrum [$ARB ], according to data fetched from each chain’s respective explorer up till 30th October.
Notably, the DAU count peaked at 92,761 on 15th September and witnessed sustained growth in the latter part of October, opBNBScan data showed. With this, opBNB’s market share jumped from 13% to 22% within the first month of its launch, BNB Chain claimed.
Conclusion :
The testnet has opened its doors on Tuesday, and various stakeholders in the ecosystem are invited to build on the network and share their feedback and experiences. Currently, the roadmap for the mainnet launch has not been disclosed.
In parallel with this announcement, the price of BNB has not seen significant changes and is trading slightly above $240 at the time of writing.
