Binance Introduces opBNB Deposit and Withdrawal Services

opBNB: Binance’s Latest Breakthrough in Cryptocurrency

Recently, BNB Chain’s Layer 2 solution, opBNB, has experienced significant growth, becoming the second most popular Layer 2 network in terms of Daily Active Users (DAU) within just two months of its mainnet launch. Binance, the world’s leading cryptocurrency exchange, has announced its support for opBNB deposits and withdrawals, marking a pivotal moment in the crypto industry.

How Binance Supports opBNB Deposits and Withdrawals

The opBNB mainnet witnessed a remarkable increase in Daily Active Users (DAU), reaching 92,761 and representing a 69% gain in market share growth during its first month. This growth coincided with an increase in transactions per second (TPS) to 9.14 and the deployment of 143,502 contracts, as reported by opBNBScan. Binance’s support for opBNB withdrawals and deposits is set to enhance user experience significantly.

Key Achievements and On-Chain Growth

• Total Transactions: Over 13.6 million transactions have been completed since the opBNB mainnet went live.
• Total Value Bridged (TVB): The official mainnet launch led to a 23% increase in opBNB’s Total Value Locked (TVL), with net inflows totaling $4.7 million by the end of Q3-2023.
• Total Deployed Contracts: To date, opBNB has deployed an impressive 143,502 contracts.
• Average Gas Price: opBNB stands out as a cost-effective solution for high-frequency transactions, with an average gas price of just 0.008 Gwei, making it an attractive choice compared to other blockchains.
• Transactions Per Second (TPS): opBNB’s TPS is now competitive with leading Layer 2 solutions, averaging 5 TPS and placing it among the top five performing blockchains.

High-Frequency Transaction dApps and Infrastructure Support

opBNB supports high-frequency transaction decentralized applications (dApps) in gaming, SocialFi, and DeFi, offering low gas expenses, high speeds, and scalability. Several projects, including Hooked and ChainGPT, have benefited from opBNB’s low gas fees and rapid transaction speeds.