BNB Price Soars to $580 Following Major Network Upgrade

Binance Coin (BNB) price surged past $580 following the successful completion of a significant network upgrade on its BNB Chain testnet. This upgrade, known as the Lorentz hard fork, promises faster transaction speeds and increased efficiency for users. 🚀 The upgrades lowered block time on the BNB Chain testnet to just 1.5 seconds, while the opBNB testnet achieved even faster speeds at 0.5 seconds. These changes are expected to directly benefit both the BNB ecosystem and the broader Binance Smart Chain community. 🤝