Quick Takeaways
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Major Upgrade: BNB Chain plans to raise its block gas limit to 1 G, increasing capacity tenfold to handle 5,000 DEX swaps per second and positioning itself for high-volume use cases.
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Enhanced Performance: The introduction of a new Rust-based client and "Super Instructions" aims to streamline smart contract execution, reducing performance bottlenecks and improving transaction speeds.
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Efficiency Boost: Upgrades to the StateDB layer are expected to improve state access speed, addressing inefficiencies that currently account for 30% of execution time.
- Market Growth: Celebrating its eighth anniversary, BNB has achieved over 10,000x growth since its ICO, now trading around $703, with increasing institutional adoption and a reduced total supply contributing to its value.
BNB Chain Sets Ambitious Upgrade to Match Nasdaq’s Scale and Speed
BNB Chain is poised for significant advancements. The platform plans to increase its block gas limit to 1 G, a tenfold rise, by the second half of 2025. This upgrade will allow the network to handle up to 5,000 decentralized exchange (DEX) swaps per second.
According to a recent blog post, BNB Chain aims to emulate Nasdaq’s rapid transaction processing. The network targets over 20,000 transactions per second for complex on-chain actions. These include swaps, restaking, and yield strategies, enabling it to accommodate high-volume use cases effectively.
To facilitate this, BNB Chain will introduce a new Rust-based client tailored to its specifications. This client leverages Ethereum’s Reth foundation, focusing on improved memory management and faster node syncing. This approach enhances performance while ensuring efficiency.
Furthermore, BNB Chain will boost smart contract execution through "Super Instructions." These instructions streamline common operations into single commands. As a result, they help eliminate performance bottlenecks, particularly during DEX swaps and launchpad events.
Upgrades to the StateDB layer are also on the horizon. This layer connects the Ethereum Virtual Machine (EVM) with the data storage system. Enhancements will accelerate state access, a necessary improvement since it currently accounts for about 30% of execution time on the BSC.
These developments aim to enhance performance, reduce state access duplication, and improve cache access. Ultimately, BNB Chain seeks to accommodate a larger user base while maintaining low latency.
Notably, BNB recently celebrated its eighth anniversary. It has seen over 10,000x growth since its 2017 initial coin offering. Originally priced at $0.15, BNB now trades around $703 and ranks as the fifth-largest crypto asset. Originally introduced as a native asset for the Binance ecosystem, BNB’s supply has been reduced through an Auto-Burn program. Currently, the total supply stands at approximately 139.28 million BNB, contributing to its growing scarcity and value.
As BNB gains traction with institutional investors, companies are beginning to include it in their corporate treasuries. Some entities aim to hold up to $1 billion worth of BNB.
These changes signal a leap forward in blockchain technology development, emphasizing both speed and utility. As BNB Chain prepares for this transformative upgrade, the crypto community watches closely, anticipating its potential impact on the industry.
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