🚀BNB Chain's First L2 To Launch This Month

GM Defiers!

Binance announced it will deploy opBNB, BNB Chain's first L2, by September. OpBNB is Binance's answer to the surging dominance of Etherum's Layer 2 ecosystem.

In other Layer 2 news, Polygon's transaction fees and transaction volume curiously decoupled in Q2. Average fees flew 225% in April while the number of daily transactions sank by one-third over the same period.

Emissions for Curve's CRV token have been slashed by 16%, The annual reduction in CRV supply inflation coincided with the third anniversary of the token's launch.

And y00ts, a popular Polygon-based NFT collection, announced its migration to Ethereum. The news follows y00ts' exodus from Solana earlier this year.

✍️ In today’s newsletter:

• Binance schedules opBNB launch for August
• Polygon's fees spike while activity drops in Q2
• CRV supply inflation down 16%
• y00ts migrates from Polygon to Ethereum

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