BNB Lorentz Hardfork Launch
APR
30
Event date
Wednesday 30 April 2025, UTC
Event description
- EIP-7702, introduced in the Pascal hardfork, enables smart contract wallets on BNB Chain, allowing gasless transactions and batch approvals, building on Ethereum’s 2024 Pectra upgrade to enhance user experience in DeFi.
- The upgrade’s focus on gas abstraction and better UX addresses challenges in Web3 onboarding, responding to a 2025 industry report showing 60% of new users abandon platforms due to complexity, per Chainalysis.
- BNB Chain’s adoption of EIP-7702 positions it as a leader in EVM-compatible chains, competing with Ethereum and Arbitrum, amid a 30% rise in BNB Chain’s DeFi TVL to $8.5 billion in early 2025, according to DefiLlama.
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