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BNB Chain Launches Rollup-as-a-Service Solution, Robinhood Reports Increased Crypto Trading Activity

Mar 14, 2024
Author
Tom Couture
Tom Couture AC
Market Update A deluge of economic data was released this morning, including higher-than-expected PPI data, sparking a move higher in the DXY (+0.47%) and Treasury Rates. U.S. equities are showing modest declines, with the SPY decreasing 0.15% and the QQQ declining 0.07%. Crypto assets are faring worse, with $BTC (-1.60%) falling below $72k and $ETH (-2.79%) dropping to $3,900 despite yesterday’s successful Dencun upgrade. Although the majors are showing losses, there are still pockets of outperformance across altcoins, including $SOL (+6.57%) and its ecosystem’s corresponding memecoins $WIF (+22.1%) and $BONK (+5.19%). The WIF community has raised over $690k in less than four days to display the token’s mascot on the Las Vegas Sphere.BNB Chain has revealed a new rollup-as-a-service (RaaS) solution that will enable developers to easily launch new layer-2 chains within the BNB ecosystem. BSC is the third largest blockchain by TVL, with over $6 billion in TVL, and the new RaaS service should help drive further growth. Rollups are becoming increasingly prevalent within crypto, and easier deployments should enhance BNB’s scalability and cost-effectiveness. Any new L2s built via the RaaS will be connected via One BNB - an interoperability solution connecting BSC, opBNB, a

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