BNB Chain has launched its much-anticipated Maxwell upgrade, a network improvement that aims to halve block times from 1.5 seconds to just 0.75 seconds.
The upgrade, activated on June 30, is expected to significantly boost transaction speeds, enhance network responsiveness, and optimize communication between validators on the Binance Smart Chain (BSC).
The Maxwell upgrade builds upon the foundation set by April’s Lorentz hardfork, which reduced BSC’s block times from 3 seconds to 1.5 seconds.
Lorentz has helped improve the blockchain network’s DeFi performance and user experience, creating the perfect environment for Maxwell’s further enhancements.
New Maxwell features
The upgrade consists of three major proposals, including the BEP-524, BEP-563, and BEP-564, each focused on optimizing performance and scalability.
BEP-524 introduces a faster block interval to enable near-instant transaction confirmations and improve the user experience for DeFi and GameFi applications.
BEP-563 strengthens the validator consensus process by enhancing peer-to-peer messaging and reducing the risk of missed votes and synchronization delays.
Finally, BEP-564 introduces two new message types, including the GetBlocksByRangeMsg and RangeBlocksMsg, to speed up data synchronization across validator nodes.
These proposals collectively enable BNB Chain to provide a faster and more stable blockchain.
The Maxwell upgrade also presents developers with new opportunities by minimizing latency, optimizing decentralized application (dApp) design, and accommodating slightly increased computational requirements for validators.
DEX activity
The Maxwell upgrade comes at a pivotal time, as BNB Chain reaches a new milestone in decentralized exchange (DEX) activity.
For the second month in a row, BNB Chain has led all blockchains in daily DEX volume.
Data from DeFiLlama shows that BSC recorded over $165 billion in 30-day DEX trading volume in June, surpassing the combined totals of Ethereum and Solana. This marks BNB Chain’s highest monthly DEX volume on record.
PancakeSwap, the largest DEX on BSC, played a significant role in this growth. The platform’s trading volume surged to over $139 billion in June, surpassing competitors like Uniswap and Raydium.
Market observers noted that this sharp increase reflects growing user demand for faster, low-fee DeFi trading and highlights the powerful network effect of BNB Chain’s infrastructure upgrades.
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