BNB Chain Completes Pascal Hardfork

BNB Chain has completed the Pascal Hardfork, an upgrade designed to boost transaction efficiency and improve its compatibility with the Ethereum Virtual Machine (EVM). New upgrades are planned for April and June.

Highlights of the Pascal Hardfork

The Pascal Hardfork marks a significant advancement for the network, making it one of the first to implement important EVM improvements. The update integrates Ethereum Improvement Proposal (EIP) 7702, introducing functionalities like gas abstraction, smart contract wallets, and batch transactions.

This enhancement simplifies Ethereum transactions by eliminating the need to sign two separate transactions for approval and swaps. It also enables features like social recovery and native multi-signatures, providing users with new value and experiences.

Although smart accounts launched on Ethereum with ERC-4337 earlier in 2023, the current update offers a more seamless experience without the requirement of creating a new wallet.

Future Upgrades

BNB Chain is encouraging node owners, validators, and infrastructure providers to update their systems promptly. Failure to do so could result in nodes becoming out of sync post-hard fork.

Upcoming upgrades include the Lorentz Hardfork in April 2025, aimed at reducing block times to 1.5 seconds, and the Maxwell Hardfork in June 2025, expected to lower block processing times further to 0.75 seconds.

Changes to BNB Chain Wallet

The BNB Chain Wallet will transition to a Lite Version following the completion of the BNB Beacon Chain’s sunset phase. This update, coming next week, will remove essential features like sending and receiving funds and viewing transaction history.

Important Updates for BNB Chain Wallet:

• Transition to a Lite Version.
• Expected release next week with further information to follow.

BNB Chain’s Trading Performance

According to DeFiLlama, BNB Chain recorded $2.13 billion in DEX trades over the last 24 hours, surpassing Ethereum’s $1.75 billion and Solana’s $1.48 billion. Weekly trading on BNB Chain also rose nearly 60% to $13.56 billion, while other networks saw declines.

Much of this increase is attributed to the success of memecoins like Mubarak, significantly boosting trading activity on PancakeSwap, which processed $2.56 billion in transactions recently, nearly double Uniswap’s volume during the same timeframe.