{"id":321805,"date":"2023-06-20T14:00:29","date_gmt":"2023-06-20T08:30:29","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=321805"},"modified":"2023-06-20T12:52:26","modified_gmt":"2023-06-20T07:22:26","slug":"binance-goes-layer-2-with-opbnb-details-inside","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/binance-goes-layer-2-with-opbnb-details-inside\/","title":{"rendered":"Binance goes Layer-2 with opBNB, details inside"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">BNB Chain released its Ethereum Virtual Machine (EVM) compatible layer 2 chain opBNB.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">BNB\u2019s price action was sluggish, and metrics suggested that the trend might continue.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">BNB Chain [BNB]<\/span><span style=\"font-weight: 400;\"> has witnessed a decline in its daily active addresses and transactions over the last few weeks. The decline reflected less usage and adoption of the blockchain. However, BNB Chain has made efforts to overcome the limitations of the layer-1 network with its latest launch.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As blockchain technology continues to evolve, scalability remains a critical challenge. <\/p>\n<p>But fear not! Enter opBNB, a game-changing Layer 2 scaling solution designed to overcome the limitations of Layer 1 (L1) networks. <\/p>\n<p>Let&#39;s discuss opBNB below \ud83e\uddf5<a href=\"https:\/\/t.co\/irYn1OPtfQ\">https:\/\/t.co\/irYn1OPtfQ<\/a><\/p>\n<p>&mdash; BNB Chain (@BNBCHAIN) <a href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/1670783527485419521?ref_src=twsrc%5Etfw\">June 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the<\/span> <a href=\"http:\/\/ambcrypto.com\/calculator\/binancecoin-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BNB Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">On 19 June, the blockchain announced the release of its opBNB testnet. It is an Ethereum [ETH] Virtual Machine (EVM) compatible layer 2 chain, based on Optimism [OP] Stack. Notably, the testnet looks to enhance BSC&#8217;s scalability while preserving affordability and security.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the official announcement, opBNB went live on 19 June. It brought with it several benefits and advantages, most importantly scalability. opBNB can support over 4000 transfer transactions per second. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This has been made possible because of the optimization of the data accessibility, caching layers, and the adjustment in the submission process algorithm, which allows simultaneous operations. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another key advantage is enhanced security. BNB\u2019s official announcement mentioned that the transparency and verifiability of transactions on opBNB will encourage a healthier and safer application environment.<\/span><\/p>\n<h3><strong>Binance to witness a change?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">As per Artemis\u2019 data,<\/span> <a href=\"http:\/\/ambcrypto.com\/bnb-fiercely-defends-220-amidst-strong-regulatory-pressure\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Binance&#8217;s<\/span><\/a><span style=\"font-weight: 400;\"> daily active addresses plateaued over the past few weeks. Its daily transactions have also declined since mid- May 2023. However, considering the popularity of L2s, the scenario might change soon.\u00a0 <\/span><\/p>\n<figure id=\"attachment_321806\" aria-describedby=\"caption-attachment-321806\" style=\"width: 1448px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Artemis-BNB-2.jpg\"><img decoding=\"async\" class=\"wp-image-321806 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Artemis-BNB-2.jpg\" alt=\"\" width=\"1448\" height=\"608\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Artemis-BNB-2.jpg 1448w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Artemis-BNB-2-300x126.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Artemis-BNB-2-1024x430.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Artemis-BNB-2-768x322.jpg 768w\" sizes=\"(max-width: 1448px) 100vw, 1448px\" \/><\/a><figcaption id=\"caption-attachment-321806\" class=\"wp-caption-text\">Source: Artemis<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">opBNB&#8217;s launch caused BNB\u2019s popularity to rise, as at the time of writing, BNB was trending at #1 on CoinMarketCap. As per Santiment, sentiment around BNB also improved, as evident from the rise in its weighted sentiment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However,<\/span> <a href=\"http:\/\/ambcrypto.com\/bnb-chains-nft-landscape-witnesses-a-rebound-in-june-aided-by\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BNB<\/span><\/a><span style=\"font-weight: 400;\">\u2019s social volume remained low.\u00a0<\/span><\/p>\n<figure id=\"attachment_321807\" aria-describedby=\"caption-attachment-321807\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023.png\"><img decoding=\"async\" class=\"wp-image-321807 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.37.51-20-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-321807\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><strong>Investors should be patient<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The testnet&#8217;s launch did not directly affect BNB\u2019s price, as its daily chart was red. At press time, BNB was<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/bnb\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">trading<\/span><\/a><span style=\"font-weight: 400;\"> at $242.99 with a market capitalization of over $37 billion.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/binancecoin-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Binance Coin&#8217;s [BNB] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Investors must remain patient, as the sideways price action might continue. As per Coinglass, BNB\u2019s open interest increased in the last few days. An uptick in the metric usually means that the ongoing price trend might persist.\u00a0<\/span><\/p>\n<figure id=\"attachment_321808\" aria-describedby=\"caption-attachment-321808\" style=\"width: 1712px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB.jpg\"><img decoding=\"async\" class=\"wp-image-321808 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB.jpg\" alt=\"\" width=\"1712\" height=\"523\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB.jpg 1712w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB-300x92.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB-1024x313.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB-768x235.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Coinglass-BNB-1536x469.jpg 1536w\" sizes=\"(max-width: 1712px) 100vw, 1712px\" \/><\/a><figcaption id=\"caption-attachment-321808\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">On top of that,<\/span><a href=\"http:\/\/ambcrypto.com\/will-bnb-chains-latest-offering-give-bnb-investors-a-reason-to-rejoice\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">BNB<\/span><\/a><span style=\"font-weight: 400;\">\u2019s 1-week price volatility declined sharply. The token\u2019s trading volume also diminished, further increasing the chances of continued slow-moving price action.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_321809\" aria-describedby=\"caption-attachment-321809\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023.png\"><img decoding=\"async\" class=\"wp-image-321809 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/BNB-BNB-10.46.40-20-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-321809\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>BNB\u2019s active addresses have plateaued over the last few weeks, but things can turn around with the launch of opBNB.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":321810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-321805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - 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