BNB Chain Launches Rollup-as-a-Service Solution to Expand Layer 2 Ecosystem
BNB Chain has unveiled a rollup-as-a-service (RaaS) solution to scale custom layer 2 networks across its ecosystem.
RaaS provides dapp projects with the infrastructure they need to build cost-effective, dedicated rollups on the BNB Smart Chain (BSC), including no-code deployment options.
According to DeFiLlama data, BSC is the third-largest blockchain by total value, with a TVL of $6.1 billion, compared to Ethereum’s $56.7 billion and Tron’s $10.5 billion.
“By combining the power of RaaS with the interconnection capabilities of the ecosystem, developers will have a comprehensive toolkit to build efficient and scalable layer 2 on BSC,” the BNB Chain core development team said in a statement.
The BNB Chain ecosystem includes five different networks. BSC is a layer 1 blockchain compatible with the Ethereum virtual machine. Existing Layer 2 solutions opBNB and zkBNB; data storage network BNB Greenfield; BNB Beacon Chain – To be phased out as functionality migrates to BSC.
Layer 2, built on the BSC network, is connected via opBNB Connect, designed to promote interoperability within the ecosystem as part of the “One BNB” initiative to address the need for an integrated technology stack.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
