BNB revives the $580 level after a successful key network upgrade and injects fresh optimism into the BNB ecosystem and the broader Binance Smart Chain (BSC) community.
The Lorentz hard fork upgrade was completed with a BNB chain testnet, reducing block time to 1.5 seconds while significantly improving transaction speed and network efficiency. Currently, the block time for the OPBNB testnet is 0.5 and 1.5 seconds for the BSC testnet.
Lorentz TestNet Hardforks is perfect!
OPBNB runs at 0.5S block time, and BSC TestNet is live at 1.5 seconds block time
Faster blocks. Smooth performance. Now, it’s time for the mainnet:
opbnb→April 21 @ 03:00 am UTC
bsc→April 29 @ 05:05 UTCThis is…pic.twitter.com/ntwe1gijqc
– BNB Chain (@bnbchain) April 10, 2025
Mainnet upgrades are scheduled for April 29th at OPBNB’s 3am UTC on April 21st and BSC at 5:05am 5:05am. A subsequent upgrade planned for June 2025, Maxwell reduces block time to 0.75 seconds.
In a tweet announcing the milestones and what’s coming, the BNB chain team said these upgrades are more than just technical milestones. They are about providing builders, validators and users with faster, more responsive chains.
In other news, Grayscale has updated its “assets under consideration” list. This details the digital assets currently being reviewed to be potentially included in future investment products, including BNB.
BNB Price Action
At the time of pressing, BNB was trading for $582. BNB rose sharply in Wednesday’s session, rising from $534 to $582. This was followed by a decline despite yesterday’s session falling. Federal Reserve officials remain in standby mode as they seek clarity amid the current uncertainty.
BNB took the position in the early trading session on Friday, reaching an intraday high of $583.7. If the current momentum is maintained, the Golden Cross will appear on the hourly wage chart.
BNB is currently hovering near key barriers on the daily chart, approaching $602.70 with a moving average of $50, with traders checking if breakouts or face consolidation visible.
Future upgrades will add a basic strength layer to the token outlook, but the sustained momentum may depend on the sentiment of the broader crypto market. On the macroeconomic side, the March Producer Price Index report is scheduled to be released today, similar to the University of Michigan Consumer Sentiment Data in April.
