The roadmap for opBNB paves the way for better performance for the layer-2 blockchain developed by BNB Chain.
The number of OpBNB transactions exceeded the 20 million mark last week.
BNB Chain developers want to more than double transaction speed and reduce network costs by 90% as part of a new technical roadmap for layer 2 network onBNB, a representative shared with CoinDesk via email.
The increase will bring processing from about 4,000 to 10,000 transactions per second (TPS) and reduce costs to $0.0005 within six months, according to the plan. The first rate cut, from $0.005 to $0.001, is scheduled for December 4.
The network is based on the OP Stack from Optimism. The targeted speed would put opBNB among the fastest layer 2 networks, with popular offshoot Arbitrum capable of a claimed 40,000 TPS.
A layer 2 network is an off-chain system built on top of a base or layer 1 blockchain. The OP Stack is the set of software that powers Optimism, an Ethereum layer-2 blockchain, which developers can use to create their own networks.
The number of users on opBNB has steadily increased since its release in September. Transactions reached a record 5.4 million last week, bringing the number of lifetime transactions to more than 20 million. It has recorded a peak of 645 coin transactions per second.
The developers say they expect OpBNB’s gas limit per block to double to 200 million per second. The gas limit is the maximum price a user is willing to pay when sending a transaction. Higher limits can help speed up transaction processing during times of high demand.
The upgrades are planned for the coming year and are expected to help OpBNB support on-chain gaming and high-frequency decentralized finance (DeFi) applications.