BNB Chain Hints at Layer 2 Solution, Leading to Speculation

BNB Chain, the blockchain platform associated with BNB Coin and Binance exchange, has released a teaser video on Twitter suggesting the upcoming announcement of a layer-2 solution. The detailed announcement is expected to be made on June 19. The news has sparked speculation within the community, with some speculating that BNB could release a zero-knowledge proof solution similar to Ethereum’s zkEVM, while others anticipate an airdrop. However, some skeptics view this move as a desperate attempt by Binance CEO Changpeng Zhao to save the struggling exchange, especially in light of the recent legal troubles with the SEC. The price of BNB has suffered, falling to three-month lows, and there are concerns about large liquidations below the $220 price range. Meanwhile, Binance Pool has launched a Bitcoin transaction accelerator to provide faster confirmation for users’ BTC network transactions. As of writing, the BNB token is trading at $232.99, down 5.78% in the past 24 hours.