BNB Chain's Haber Hard Fork Live on June 20th, Cutting opBNB Transaction Costs by 90%

Jun 20, 2024, 09:09 AM

BNB Chain has successfully implemented the Haber hard fork, introducing significant upgrades to its blockchain network. The update, which includes BEP 336, aims to optimize data storage and processing, resulting in a reduction of transaction costs by up to 90% and enhanced network performance. The hard fork went live on June 20th, with specific updates for both BSC and opBNB mainnets at 6:05 AM UTC and 8:00 AM UTC, respectively. The opBNB network, in particular, will see a dramatic decrease in gas fees, with typical native transfer fees dropping from approximately $0.000826.