BNB Chain, a community-driven blockchain ecosystem, has outlined its plans for 2024, focusing on performance optimization, the introduction of "opBNB Connect" for scalability, and targeting specific decentralized applications (DApps) for mass adoption. The ecosystem aims to evolve its layer 2 scaling solution, opBNB, into opBNB Connect to support DApps, reducing gas fees by up to 10 times. Additionally, the "One BNB" interconnection concept will seamlessly connect the first-layer BNB Smart Chain (BSC), opBNB, and Greenfield, providing a unified technology stack for Web3 applications.
The BNB Chain community plans to launch BNB Greenfield 2.0, focusing on improving storage performance, introducing new features for developers, and establishing dedicated data infrastructure for artificial intelligence, on-chain gaming, and decentralized social platforms (DeSoc). In 2024, Greenfield will be upgraded, introducing Greenfield Executable to enhance data processing efficiency and reduce costs. The middleware infrastructure will also be enhanced to efficiently meet data processing needs, including bundled services and data availability layers.
To achieve mass adoption, BNB Chain will target specific applications such as high-frequency DeFi, fully on-chain gaming, artificial intelligence, DeSoc, and high-performance infrastructure. The ecosystem aims to increase active validators from 40 to 100, merging the beacon chain to improve efficiency and accelerate decentralization. In 2023, BSC became the largest Ethereum Virtual Machine (EVM) compatible network with a gas limit of 140 million, reaching 32 million daily transactions and 2,000 transactions per second (TPS). OpBNB, the most active layer 2 in 2023, achieved all-time highs of 71 million transactions per day, 4,500 TPS, and $0.001 gas fees.
Looking ahead to 2024, BNB Chain's focus will shift to optimizing state and storage by introducing optimized path-based state schemes. The gradual implementation of Parallel EVM 3.0 on full nodes and validators is also on the agenda. The native token of BNB Chain, Binance Bank BNB, began a recovery on January 26, reaching the $300 level, supported by increased network activity.
