BNB chain introduced the Pascal -hardfork on March 20, an upgrade that was designed to stimulate the efficiency of the transaction and to improve compatibility with the Ethereum Virtual Machine (EVM).
This update integrates Ethereum Improvement Proposal (EIP) 7702, making advanced functionalities such as gas abstraction, smart contract portfolios and batch transactions possible.
Pascal hardfork
The Pascal Hardfork marks an important step in the development of the network and positions it as an early adoptur of this critical EVM improvement.
An important feature of EIP-7702 is the introduction of Smart Contract Wallets, which temporarily function as smart contracts. This ensures gasless transactions, batch approvals and smoother assets -waps.
The upgrade is also expected to improve the onboarding of the user and offer greater flexibility for DAPP developers.
In preparation for the upgrade, the binance-supported blockchain node operators, validators, fairs and infrastructure providers advised to update their systems. Without this update, nodes run the risk of falling out of synchronization after the hard fork.
In the meantime, Crypto exchanges and infrastructure providers are expected to confirm compatibility, while developers must ensure that their DAPPs are tailored to the new transaction structure.
After Pascal, BNB chain has extra improvements on the horizon. The Lorentz hardfork, planned for April 2025, is intended to reduce the block times to 1.5 seconds, improving the network speed.
In June 2025, the Maxwell hardfork will further reduce block processing times to 0.75 seconds, making transactions even faster.
The growth of BNB Chain
The upgrade comes when decentralized Exchange (DEX) activity on the BNB chain rises.
According to Defillama, BNB Chain has registered $ 2.13 billion in DEX transactions for the past 24 hours, making Ethereum’s $ 1.75 billion and Solana $ 1.48 billion.
At the same time, the weekly trade volume on the BNB chain has risen almost 60%and reached to $ 13.56 billion. This increase contrasts with rival networks, which fall from around 40%during the reporting period.
Much of the momentum comes from the rising popularity of memecoins such as Mubarak, who have fueled trading activities on pancakes. The primary DEX of the network facilitated $ 2.56 billion in transactions in the past day, almost double the total volume of Uniswap in the same period.