Optimism vs BNB Chain

Optimism and BNB Chain are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.

Table of Contents

  1. Metrics
  2. Comparison

Comparing Metrics

OptimismBNB Chain
Created byJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin HoChangpeng Zhao
Native tokenOPBNB
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256KECCAK-256
Supports EVMYesYes
Block time (secs)23
Supports smart contractsYesYes
Average transaction fee$0.141$0.35
Staking rewards (APR)0%%

High-level Comparisons

Is Optimism faster than BNB Chain?

Yes, Optimism can process 4000 transactions per second. BNB Chain only processes up to 2200.

Is Optimism cheaper than BNB Chain?

Yes, Optimism has an average transaction fee of $0.141, whereas BNB Chain costs $0.35.