BNB CHAIN LAUNCHES EVM-COMPATIBLE LAYER 2 NETWORK OPBNB ON TESTNET

Summary from the TLDR Crypto newsletter

BNB Chain has launched an L2 network, opBNB, on testnet. opBNB is based on the Optimism OP Stack, uses optimistic rollups, and aims to enhance transaction speed and lower fees. In comparison to BNB Smart Chain's 2,000 tps and average cost of $0.109 per transaction, opBNB is expected to support over 4,000 tps and cost less than $0.005 per transaction. The EVM-compatible nature of opBNB will allow for seamless interaction with Ethereum-based applications. OpBNB’s mainnet is anticipated to launch in the third quarter of this year.