opBNB Grows Market Share by 69%, Binance Backs Deposits and Withdrawals

BNB Chain's Layer 2, opBNB, has seen impressive growth, with daily active users (DAU) up by 69% since the mainnet went live less than two months ago, according to data from each chain's respective explorer. Binance, the world's leading cryptocurrency exchange by trading volume, has announced it will support opBNB deposits and withdrawals, further bolstering the platform. Since its mainnet launch, opBNB's DAU totaled 92,761 users, and the platform has seen a significant increase in transactions per second (TPS) at 9.14 and 143,502 total deployed contracts. opBNB's swift development is facilitating high-frequency transactions across SocialFi, DeFi, and other applications. The BNB Chain Core Development Team expressed their enthusiasm for opBNB's growth. They said, "opBNB is significantly impacting the industry, particularly for high-frequency transaction dApps across social, gaming, and DeFi platforms. Binance support for opBNB network withdrawals and deposits will accentuate efficiency and accessibility for BNB Chain users." Among the key achievements and growth for opBNB include a peak DAU of 92,761, more than 13.6 million transactions since the mainnet went live, and a TVB of $4.7 million at the end of Q3 spurred by the mainnet announcement. Furthermore, the average gas price is only 0.008 Gwei, making opBNB an effective choice for high-frequency transactions, GameFi, SocialFi, and high-frequency trading apps. NFT minting on opBNB is as low as $0.004, a fraction compared to other blockchains. The opBNB network continues to grow and develop its infrastructure, expanding its range of support for projects in various sectors such as gaming, SocialFi, and DeFi. Key platforms such as NodeReal, Chainlink, Binance Oracle, and multi-signature solution BNB Safe, among many others, form crucial parts of this robust infrastructure. The future looks bright for opBNB, as it continues to shape the landscape of high-frequency transaction dApps.