BNB Chain Launches Rollup-as-a-Service Solution to Bolster Layer 2 Growth in Its Ecosystem
In Brief
BNB Chain introduced RaaS solution aimed at facilitating the growth of custom Layer 2 networks within its ecosystem.
BNB Chain (BNB) blockchain introduced a rollup-as-a-service (RaaS) solution aimed at facilitating the growth of custom Layer 2 networks within its ecosystem. The RaaS is designed to offer decentralized application (dApp) projects, the necessary infrastructure for developing cost-effective rollups on the BNB Smart Chain (BSC), including no-code deployment options.
“Through the integration of RaaS and the interconnectivity capabilities of our ecosystem, developers will possess a comprehensive toolkit to construct efficient and scalable Layer 2 solutions on BSC,” said the core development team of BNB Chain in the written statement.
BSC is a Layer 1 blockchain network compatible with the Ethereum Virtual Machine (EVM) designed to support smart contracts, allowing developers to create various services and applications, including blockchain games, governance and voting systems, and decentralized finance (DeFi). Presently, BSC ranks as the third-largest blockchain by total value locked (TVL), with $6.1 billion in TVL, in contrast to Ethereum’s $56.7 billion and Tron’s $10.5 billion, as per DeFiLlama data.
Layer 2 scaling solutions built on the BSC network are interconnected through opBNB Connect, designed to enhance interoperability within the ecosystem as part of the “One BNB” initiative, addressing the need for an integrated technology stack.
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BNB Chain Ecosystem Grows
BSC, along with existing Layer 2 solutions opBNB and zkBNB, the data storage network BNB Greenfield, and the BNB Beacon Chain constitute a part of the BNB Chain ecosystem. Offering low gas fees and high transactions per second (TPS), the BNB Chain ecosystem hosts a multitude of dApps spanning DeFi, metaverse, gaming, SocialFi, NFTs, and infrastructure, each adding value to its ecosystem.
Recently, the BNB Chain ecosystem has launched another initiative to engage its community. The “Airdrop Alliance Program” aims to incentivize community involvement in BNB Chain contributions and raise awareness about airdrop plans initiated by BNB Chain projects.
Meanwhile, the price of the BNB Chain native token BNB continues to show a positive trend, currently trading at $607.98 at the time of writing, indicating a 1.5% increase over the past 24 hours, according to data from CoinMarketCap.
With the latest introduction of RaaS, the BNB Chain ecosystem is set to facilitate the growth of custom Layer 2 networks, fostering the development within its ecosystem and reflecting an ongoing commitment to innovation.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
