If nothing unexpected happens, something unexpected will happen again. Just after Ploygon announced its Layer 2, another Layer 1 heavyweight player @BNBCHAIN, who wants to kill Ethereum, also announced that it will join the L2 competition. So, what is the necessity for BNBChain to deploy L2? What is the purpose of BNBChain, which has always focused on performance, to pursue extreme performance in L2? Why did Binance rush to get involved in the L2 battle? Let's discuss with you with questions and some analytical inferences.
1) BNB Chain did not roll out Ethereum L2 like Polygon did, but built L2 based on BNBChain mainnet, which makes more sense. The problem is that BNBChain, which has always been focusing on high performance and low cost, has not reached the performance limit of L1. In fact, BNBChain's L2 is completely a strategic intention. On the one hand, the layout of L2 meets the demands of BNBChain and Ethereum to compete at the same level; on the other hand, it is convenient to provide a seamless migration channel for other L2 developers.
2) Everyone intuitively thinks that the Crypto ecosystem is centered on Ethereum, but @cz_binance, which controls more than 60% of the liquidity, may laugh. Let's take a look at the data from Dune 6.18. BNBChain has 1.14 million daily active users and 3.8 billion txs. Compared with ETH, 360,000 daily active users and 2 billion txs. Based on Binance's huge user activity and the extended gameplay of Launchpad, BNBChain already has its own huge ecosystem and cannot be "swept away".
3) Optimism was chosen as the L2 solution, entirely from the perspective of Ethereum EVM compatibility, ecological integration, and cross-ecological "migration". This means that excellent developers on Ethereum L2 can also seamlessly connect with BNBChain. This is exactly the same as its L1 mainnet's high-precision replica of the main chain Ethereum EVM. Obviously, intercepting the developer group and giving developers zero-friction clones has long been the only way for BNBChain to expand its ecology.
4) From the perspective of asset transfer and other transaction dimensions, BNBChain's current performance is superior. And at a time when L2 is all about zk, BNBChain's zk github stopped updating last year. In this context, there is only one reason to launch L2: BNBChain wants to focus on social, game, education and other application fields with greater throughput requirements and faster frequency. So, will games, social, etc. become the growth singularity of BNBChain?
Moreover, Binance’s main CEX is being targeted by regulators such as the SEC, and Binance’s determination to develop DEX is urgent. The construction of opBNB infrastructure will surely attract a large number of projects based on Binance’s liquidity siphoning effect, but it is likely to only exacerbate the scarcity of its overall native projects and the problem of excessive copycats. But whatsoever, as long as it can spark competition with Ethereum on the same level, BNBChain’s mainnet narrative is almost successful.