The constant search for solutions to address scalability and efficiency limitations in blockchains has driven the development of innovations in blockchain scaling and projects such as opBNB, Linea and Coinbase BASE, aimed at improving the user experience on Ethereum networks, BNB Chain and beyond. These projects, each on their respective chain, present innovative solutions that promise to revolutionize the way transactions are conducted and how decentralized applications (dapps) interact with networks.
The opBNB network emerges as a Layer 2 scaling solution for BNB Chain, the smart chain powered by Binance Coin (BNB). Its primary goal is to address the performance and cost challenges that often limit blockchain capabilities.
opBNB users can deposit funds from BSC and leverage applications and smart contracts on the opBNB network. With an impressive capacity of up to 100 million gas per second, opBNB dramatically improves transaction processing speed compared to existing Layer 1 solutions. In addition, its superior scalability, with more than 4,000 transactions per second, enables the execution of high-volume applications.
The network has almost $2 million of TVL and less than 30 protocols operating on it. Most of them of dubious reliability.
opBNB's new products include:
In short, opBNB seeks to overcome the limitations of BNB Chain and offer an enhanced user experience.
In the Ethereum world, Linea stands out as an innovative scaling solution that uses the rollup technique to improve efficiency and reduce costs. Rollups are essential for bundling multiple transactions into a single block, easing the load on the network and increasing its capacity. Linea uses zero-knowledge proofs to verify the validity of transactions before pushing them to the Ethereum mainnet.
This technique results in exceptional transaction efficiency and much lower fees, up to 15 times less than on the Ethereum mainnet. Prominent DeFi protocols such as Aave, Uniswap and Sushiswap, along with other associated projects, have joined the Linea mainnet, anticipating a wave of new scalable applications.
Linea's integration into MetaMask, the popular portfolio interface, further facilitates its adoption. Developed by Consensys, Linea offers an automated approach to be added to MetaMask, eliminating the need for custom configurations. It promises a more efficient and cost-effective user experience on Ethereum.
The network has a TVL of more than $32 million and some 30 protocols operating on it. Among them some well-known ones such as PancackeSwap, KyberSwap and Gamma.
Coinbase, the leading U.S. exchange, has taken a bold step by launching its own blockchain: Coinbase BASE. This Ethereum sidechain or sidechain seeks to provide a secure, fast and inexpensive way to build decentralized applications (dApps). Coinbase aims to attract millions of developers and users, with the vision of building a new global financial system in the Web3 economy.
Base has been designed to compete directly with other solutions such as Binance Smart Chain (BSC) and Polygon. Unlike BSC, which is under Binance's centralized control, Base seeks to be more regulated, open and transparent. Using Ethereum as its security and scalability foundation, along with Coinbase's best practices, Base offers technological and interoperability advantages.
Key features of Base include:
The network is operational with close to $300 million TVL and more than 100 protocols working on it.
Together, opBNB, Linea and Coinbase BASE represent significant advances in the quest for scalable and efficient solutions in the blockchain world. These innovations are paving the way towards mass adoption and transforming the way we interact with blockchain technology. We are witnessing an exciting chapter in the evolution of this technology and its impact on the financial world and beyond.
On the other hand it should be mentioned that in the world of new blockchains and protocols, it is important to keep in mind that, unfortunately, numerous cases of fraud and misleading projects have also emerged. As innovation advances, it is essential for investors and users to be cautious and conduct thorough research before getting involved in any project. At AllDefi, we are committed to conducting a thorough and rigorous analysis of each project, assessing its safety, viability and long-term potential. Only after a thorough evaluation will we include in our portfolio the blockchains and projects that prove to be solid, secure and trustworthy. Take a look at some of our reviews such as those of the Velodrome or Stargate platforms.
