BNB Chain has completed the Pascal Hardfork upgrade, enhancing transaction efficiency and compatibility with the Ethereum Virtual Machine (EVM).
Importance of the Pascal Hardfork Upgrade
The Pascal Hardfork is a significant update for BNB Chain, enabling features proposed in Ethereum Improvement Proposal (EIP) 7702, such as gas abstraction, smart contract wallets, and batch transactions. The update eliminates the need to sign two transactions for approval and swap, simplifying Ethereum transactions.
Future Upgrade Plans
The next step for BNB Chain involves further upgrades in April and June 2025. The April Lorentz Hardfork will reduce block times to 1.5 seconds, and the June Maxwell Hardfork will further reduce it to 0.75 seconds, significantly speeding up the network's performance. These changes aim to increase network speed and capacity.
Growth of BNB Chain
According to DeFiLlama, BNB Chain saw $2.13 billion in DEX trades over the last 24 hours, surpassing both Ethereum and Solana. The weekly trading volume has increased by nearly 60%. The trading growth is attributed to popular meme coins like Mubarak, which have boosted activity on PancakeSwap.
The Pascal Hardfork has been a pivotal step for BNB Chain, enhancing transaction capabilities and setting the stage for future network improvements.
