Binance vs. Coinbase: A User Volume Comparison
When examining user numbers, Binance boasts a staggering 128 million users, surpassing Coinbase’s 108 million. Binance’s advantage extends beyond its user base; it consistently demonstrates dominance in daily trading volume, with figures indicating eight times the daily volume of Coinbase.
By the close of 2022, an astounding 92% of spot Bitcoin trading occurred on Binance. Moving into January 2023, Binance was accountable for 55% of global crypto spot trading. These remarkable statistics underscore Binance’s potential to drive substantial traffic to opBNB.
The Power of Binance Smart Chain
The Binance Smart Chain (BSC) has emerged as a dominant force in the smart contract platform arena. Its impressive volume and extensive user base significantly benefit the BNB chain. BSC’s testnet performance is noteworthy, featuring over 7 million on-chain transactions, 435,972 unique wallet addresses, and 40 deployed dApps. Daily transactions on the testnet ranged between 100,000 to 150,000, with over 6,000 daily active users, all at a minimal gas cost of $0.005.
opBNB’s Transition: Testnet to Mainnet
The transition of opBNB from testnet to mainnet marks a significant milestone. The mainnet is now open to infrastructure providers, bringing it closer to public launch. Detailed insights into this transition are available on the BNB Chain’s official blog.
Within just 24 hours, opBNB witnessed over 3,254 depositors and around 9,353 bridged BNB, equivalent to approximately $2.2 million. This bridging activity underscores the growing interest and confidence in opBNB. Tools are available to monitor top whales bridging to opBNB for those interested in prominent players in this space.
The success of any platform hinges on its developer community. To this end, a hackathon yielded over 500 projects submitted on the opBNB Testnet. Furthermore, opBNB boasts a robust partner network, ensuring a thriving ecosystem.
Integration with the BNB chain stands as one of opBNB’s core strengths. This seamless integration enables projects on BSC to deploy effortlessly on opBNB, offering numerous advantages.
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0101 holds the distinction of being the first live DEX on opBNB, excelling in terms of volume and liquidity. Enthusiasts can explore the token landscape using tools like DexScreener for a comprehensive overview.
Simplified Bridging Process
For those interested in bridging, note that BNB is utilized for paying gas fees on opBNB. The official bridge provides a straightforward process to bridge BNB from BSC to opBNB, with the added flexibility of withdrawing BNB back to BSC.
Conclusion
In conclusion, the emergence of opBNB has introduced a new dimension to the crypto world. Its integration capabilities, coupled with support from powerhouse platforms like Binance, position it as a formidable player. As the crypto community continues to evolve, opBNB undoubtedly stands out as a name to watch.
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