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🧑‍💼 Introduce

October is an emotionally charged month for everyone as Bitcoin experienced a sudden surge from $25,000 to $35,000, dispelling negative sentiments across the entire market.

In parallel with this, opBNB, a new Layer2 solution launched nearly two months ago, although still in its early stages, has achieved several significant milestones.

Below is the monthly report that we have compiled, featuring the key highlights of the entire ecosystem in the past month. Thank you for your interest in this article!

🔎 Key Metrics of opBNB

Daily Active Users

One thing that, although often overlooked, is that BNB Chain currently holds the top position in terms of Daily Active Users among blockchains, and opBNB is set to inherit this advantage.

Currently, opBNB is ranked second in terms of Daily Active Users among all existing Layer2 solutions.

https://twitter.com/BNBCHAIN/status/1719549835001421841

Daily Deployed Contracts

Daily Deployed Contracts is showing signs of explosive growth (over 160 times) by the end of the month. This is a positive signal for the entire ecosystem, making it increasingly vibrant.

New Achievements

opBNB has officially surpassed 10,000,000+ Total Transactions in just 3 weeks since the Mainnet. This is remarkable.

https://twitter.com/opBNB_Journal/status/1711679889617903682

✨ Highlights of the Ecosystem

New Comers This Month

There have been many major projects choosing opBNB as their next destination, with the total number exceeding 50+ projects. We believe that in the upcoming November, this number will continue to see significant growth.

https://twitter.com/opBNB_Journal/status/1718918054309232977

https://twitter.com/opBNB_Journal/status/1711296399055474983

The Most Active Projects This Month

• Friend3
  Friend3 is the project that created a sensation throughout October by surpassing 200K+ #Friend3 hashtags on Twitter. Furthermore, their metrics are consistently growing with no signs of slowing down.

  They've introduced a plethora of new features, expanded their collaborations, and launched various marketing campaigns. It can be said that they deserve the top position as the most active project within the opBNB ecosystem.

  https://twitter.com/Friend3AI/status/1718911128649257348

• Pop Social

  Pop Social is currently one of the most prominent SocialFi projects on opBNB, and they rightfully deserve a spot on this ranking. The Pop team consists of individuals with extensive experience in the crypto field. They build rapidly, introduce new features at a fast pace, and handle bug fixes in a professional and swift manner.

  Here are some of the good news highlights from their activities in October that we've gathered:

  📝 Pop Social #1 rank in the new crypto on CoinMarket Cap
  📝 They listed on major CEXs and hit 3x in just 1 days
  📝 Partnership with Chainlink

• LuigiSwap

  LuigiSwap is a Native DEX on opBNB Ecosystem. They are early contributors to the ecosystem and have received substantial support from Space ID. Over the past month, they have continuously expanded their partnerships with more than 20+ different major collaborators.

  Let's take a look at some of Luigi's key highlights for this month:

  📝 LuigiSwap is now listed on BNBChain DappBay
  📝 LuigiSwap now intergrated with OKX Wallet
  📝 LuigiSwap AMM contracts and $LUIGI token have undergone a thorough security audit conducted by SolidProof

• CUBISWAP

  CUBISWAP is not only a Native DEX but also a leading Launchpad within the opBNB Ecosystem. They have consistently led in terms of Marketcap and %TVL Growth throughout the past month, despite having faced previous "redflag" associations from the community.

  Here are some of their good news highlights for October:

  📝 They have assisted APIS Finance in a successful launch, raising a total of 1000 $BNB
  📝 Consistently leading in Total Value Locked (TVL) throughout October.
  📝 AMA With BNBCHAIN

• THENA

  THENA is a ve(3,3) DEX built on the BNB, and they have recently transitioned to opBNB. Despite this, their impact and contributions are substantial for the entire ecosystem. There is a lot to say about them, but overall, from our personal perspective:

  https://twitter.com/thenascribe/status/1715431352420773922/photo/1

  ✅ A loyal community

  ✅ An excellent development team with a long-term vision

  ✅ Initiating trials of new models and marketing campaigns

  ...

  Below are some notable update of THENA in the last month:
  📝 CoinMarketCap Live with 1,000+ participants

  📝 Organic Grow

  📝 Launch SocialFi Feature on THENA

  📝 THENA Key Metrics

  📝 New Model

• KiloEx

  KiloEx is a Native Perp DEX on BNB, backed by Binance Labs and winner of BNB's MVB Incubation VI. Their metrics have seen incredibly impressive growth in the past month, just as they launched their mainnet on opBNB.

Here are some of their prominent updates for the month:

📝 KiloEx has officially deployed on opBNB Chain

📝 Added New Features

📝 Trading Volume Hits ATH

📝 Launch Airdrop Program

Top Projects By %TVL Growth In This Month
This index may not encompass the entire ecosystem, but nonetheless, it serves as a good metric to discover some prominent names.

📝 Conclusion

The market always presents unpredictable fluctuations, but the unwavering spirit of these projects continues to push forward. They keep building every day. Let's continue to sustain and collectively strengthen the opBNB Ecosystem.

Thank you for reading our report. We sincerely appreciate it!

This is a document published based on our research. If you find it valuable, please support us by minting this entry →

📜 This article will address three major questions that everyone has:

✍️ Why are we confident opBNB will skyrocket?

✍️ What trends are being strongly driven on opBNB?

✍️ Which projects should you pay attention to?

✨ Introduce

opBNB is the new garment poised to replace and revitalize BNB, putting it back in the race. But why opBNB and not zkBNB?

In reality, Zk-rollups are a superior solution, but they require an extensive development timeline. Optimistic Rollup, on the other hand, aligns better with the current market demands. This is also why you see most of the top TVL (Total Value Locked) Layer 2 solutions on Ethereum opting for Optimistic Rollup.

🚀 Why are we confident opBNB will skyrocket?

Let's remember StepN and the Move-To-Earn trend; let's remember how GameFi exploded within the BNB Chain ecosystem. This shows that BNB Chain is a complete ecosystem with all the elements for builders to comfortably develop creative projects.

As long as we have a sufficiently robust infrastructure, the explosive growth of the ecosystem is only a matter of time. So, what competitive advantages does opBNB have compared to other contenders?

Infrastructure 🛠️

✍️ Extremely cost-effective, arguably the most cost-effective among all Layer2 solutions on the current market

✍️ Block creation time is less than 1 second, and the Transaction Per Second can go up to a maximum of 4000+

→ Superior transaction speed and processing capability compared to the norm.

→ This also means that fraudulent activities on the blockchain will be more difficult to implement, reducing risks for DeFi investors significantly - a problem that Ethereum users have been facing.

✍️ Security - an issue that most retail investors may not be deeply concerned about, but "whales" find this highly important.

OP Stack allows opBNB to separate Data Available (DA) from the Execution Layer, enabling nodes to selectively choose necessary data without the need to select all. Additionally, opBNB can use BNB Greenfield as a DA layer to reduce gas fees, benefiting both users and the ecosystem.

• Note: The Execution Client is a component in the blockchain responsible for executing smart contracts and processing transactions.

Other Competitive Advantages ✅

1. Inheriting the entire Binance & BNB Chain ecosystem.

2. Over 1,000,000 daily active users on the BNB Chain network (excluding Binance)

   https://twitter.com/cz_binance/status/1705962108414812256

3. Receives greater attention from the Binance Labs Fund.

4. Strong interaction with BNB Chain, BNB Greenfield, BNB Beacon Chain, zkBNB.

What trends are being strongly driven on opBNB? 📈

✍️ Account Abstraction is the spearhead that opBNB will focus on developing, a commitment confirmed by BNB Chain:
✅ Optimizing User Experience (UX)
✅ Enhancing Security

So, which projects will benefit from this initiative? 👇

🌐 Web3

This is arguably the area that benefits most from opBNB because it has addressed most of the most challenging issues. Below are some prominent projects in operation.

🌀 SocialFi & Decentralized Social

👉 Friend3

👉 Pop

👉 INTOverse

👉 CyberConnect

🎮 Web3 Gaming / Metaverse

👉 SecondLive

👉 Zypher Game

🔨 Utilities

👉 Particle Network

👉 Dmail Network

…

🤖 AI (Artificial Intelligence)

AI is an area that has a tremendous appeal from the traditional sector, and Chang Peng Zhao as well as BNB Chain are heavily focused on this field

👉 Laika AI
👉 Xrender AI

💳 Payment / Wallet

With Account Abstraction, Wallets will also greatly benefit when built on opBNB

👉 Nunu Wallet

…

💎 DeFi mechanisms focusing on creativity and innovation

One way to choose a good project on opBNB that I often use: if you see any DEX focusing on cheap, fast, etc., then forget about them because it's already too cheap. Focus on projects with creative and unique mechanisms.

👉 THENA

👉 DerpDEX

✍️ Conclusion

In conclusion, with all that we have explained above, opBNB will be a focal point for creativity, innovation, and breakthroughs. This is because all the weaknesses, such as costs, speed, and more, have been completely and thoroughly addressed.

Don't forget to support us by minting this article, it only costs $5. Sincere thanks, and have a great day!