- BNB Chain’s Pascal Hardfork enhances transaction efficiency with EIP-7702 integration
- Lorentz upgrade in April 2025 will reduce BNB Chain block times to 1.5 seconds
- Maxwell upgrade in June 2025 will further boost BNB Chain block times to 0.75 seconds
Marking a new milestone in blockchain development, the BNB Chain completed its Pascal Hardfork on Thursday, exhibiting transaction efficiency and compatibility with Ethereum Virtual Machine (EVM). The upgrade includes the incorporation of Ethereum Improvement Proposal (EIP) 7702, which brings substantial improvements in the way the network handles transactions.
The most notable feature of the Pascal hard fork is the smart contract wallets. These wallets temporarily serve as smart contracts, enabling gasless transactions, batch approvals, and a more efficient means of swapping assets. These improvements are expected to streamline the user experience and increase flexibility for developers building decentralized applications (dApps) on the platform.
Future Upgrades: Lorentz and Maxwell Hardforks
The upcoming hard forks represent BNB Chain’s main strategy to enhance transaction speed performance. The Lorentz update will become active in April 2025 to reduce block processing times to 1.5 seconds. This improved speed and efficiency will strengthen BNB Chain as it competes within the blockchain space.
The Maxwell upgrade in June 2025 will enhance network performance by enabling block times to be reduced to 0.75 seconds. The platform implements these upgrades to handle the rising requirements for speed and scalability, positioning BNB Chain as a top platform for creating DeFi ecosystems and dApp development.
Related: BNB Chain Overtakes Solana as Memecoin Trading Volume Soars
The BNB Chain Ecosystem Experiences Positive Effects
The Pascal network upgrade occurred simultaneously with the BNB Chain experiencing intense decentralized exchange (DEX) usage growth. Recent blockchain data from DeFiLlama reveals that BNB Chain processed $2.13 billion in DEX transactions during the previous 24 hours, which outpaced the $1.75 billion on Ethereum and $1.48 billion on Solana. The platform’s weekly trading activity recorded a near 60% growth to $13.56 billion.
The expansion underway at BNB Chain is primarily fueled by the rising demand for meme coins that propel increased trading activities on its core DEX PancakeSwap. In a single day, PancakeSwap enabled $2.56 billion worth of transactions, exceeding Uniswap’s total daily volume by almost 100 percent.
