The opBNB mainnet has recently gone live, and its potential impact on the market is already causing ripples according to a recent tweet by trader Nikyous.
What you'll learn 👉
Binance vs. Coinbase: A Volume Game
When it comes to user numbers, Binance boasts a staggering 128 million users, overshadowing Coinbase’s 108 million. This vast user base is not the only advantage Binance holds. The platform has consistently demonstrated its dominance in daily trading volume, with figures showing it has eight times the daily volume of Coinbase.
By the end of 2022, a whopping 92% of all spot Bitcoin trading took place on Binance. Fast forward to January 2023, and Binance was responsible for 55% of global crypto spot trading. With such impressive statistics, it’s clear that Binance has the potential to drive significant traffic to opBNB.
Binance Smart Chain: A Juggernaut Amongst Platforms
The Binance Smart Chain (BSC) has been a force to be reckoned with in the realm of smart contract platforms. Its impressive volume and vast user base have significantly benefited the BNB chain. The BSC’s performance on the testnet has been nothing short of remarkable, with over 7 million on-chain transactions, more than 435,972 unique wallet addresses, and over 40 dApps deployed. Additionally, the testnet saw daily transactions ranging between 100-150K, with over 6,000 daily active users, all at a minimal gas cost of $0.005.
opBNB’s Journey: From Testnet to Mainnet
The transition of opBNB from testnet to mainnet has been a significant milestone. The mainnet has now opened up to infrastructure providers, bringing it one step closer to its public launch. For those keen on diving deeper into this transition, detailed insights are available on the BNB Chain’s official blog.
In just 24 hours, opBNB witnessed over 3,254 depositors and approximately 9,353 BNB bridged, equivalent to about $2.2 million. This bridging activity is a testament to the growing interest and trust in opBNB. For those curious about the top players in this space, tracking tools are available to monitor the top whales bridging to opBNB.
The success of any platform is often determined by its developer community. Recognizing this, a hackathon was launched, which saw the submission of over 500 projects on the opBNB Testnet. Furthermore, opBNB boasts a robust partner landscape, ensuring a thriving ecosystem.
Integration with the BNB chain is one of opBNB’s core strengths. This seamless integration means that projects on BSC can effortlessly deploy on opBNB, offering a plethora of benefits.
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Show more +0101 has the distinction of being the first live DEX on opBNB, leading in terms of volume and liquidity. For enthusiasts looking to explore the token landscape, tools like DexScreener provide a comprehensive overview.
Bridging Made Easy
For those looking to bridge, it’s essential to note that BNB is used to pay gas fees on opBNB. The official bridge offers a straightforward process for bridging BNB from BSC to opBNB, with the added flexibility of withdrawing BNB back to BSC.
In conclusion, opBNB’s emergence has added a new dimension to the crypto world. Its integration capabilities, combined with the backing of powerhouse platforms like Binance, make it a force to be reckoned with. As the crypto community continues to evolve, opBNB is undoubtedly a name to watch.
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