- OpBNB’s surge in user activity and daily transactions.
- Low transaction fees and high TPS, surpassing Ethereum L2s.
- The potential of opBNB as the preferred hub for Web3 gaming.
Since its September launch, BNB Chain’s Layer-2 (L2) scaling solution, opBNB, has been reshaping the landscape by pushing the boundaries of the parent chain. While Ethereum’s Layer-2 solutions dominate the scene, opBNB has successfully carved out its own niche.
Exploring opBNB’s On-Chain Success
November witnessed a remarkable surge in user activity on opBNB. On November 12th, daily active addresses reached an impressive 277,662, according to data from opBNBScan analyzed by AMBCrypto. Despite a subsequent dip, the numbers rebounded significantly, with 116,988 active users on November 22nd, marking a 70% increase from the previous day.
This surge in user activity resulted in a sharp uptick in daily transactions, surpassing 3 million on November 22nd—a 73% increase from the day before.
Increased Transactions, Lower Fees
Notably, on the same day when total transactions peaked, the transactions per second (TPS) on opBNB reached 39.09. Comparatively, Ethereum’s Layer-2 solutions, as per L2Beat data, lagged behind opBNB in TPS.
Despite the increased on-chain traffic, users experienced minimal financial impact. AMBCrypto observed that the average gas price on November 22nd was a mere 0.035 gwei.
opBNB: The Ideal Hub for Blockchain Gaming?
The combination of high transaction capacity and attractively low fees positions opBNB as an ideal choice for high-frequency sectors, particularly Web3 gaming.
BNB Chain emphasized opBNB’s advantages in a recent blog post, highlighting its superior player’s wallet experience compared to traditional options like MetaMask. The use of account abstraction technology was underscored, emphasizing that gaming on opBNB rivals the experience on Web2.
Despite opBNB’s success, the native token of the ecosystem, BNB, faced challenges. The fourth-largest digital asset grappled with FUD following the departure of Binance CEO Chanpeng Zhao (CZ). While BNB has recovered ground in the last 24 hours, it still trades 7.16% lower than a week earlier, according to CoinMarketCap.
As opBNB continues to gain momentum, it raises the question: Is opBNB the next destination for the rapidly evolving GameFi landscape?
Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.