On August 18th, BenFen announced that the mainnet version v1.24.1 had completed a significant upgrade. This upgrade optimizes the Move virtual machine and network engine at the base layer, significantly boosting transaction performance, security, and cross-chain throughput, further strengthening BenFen’s technical edge in the “stablecoin public chain” sector.
Key upgrades include:
- Single-chain tens of thousands of TPS throughput, sub-second transaction confirmation, tailored for high-frequency payment scenarios.
- Support cross-chain circulation of mainstream assets, including BTC, ETH, BSC, Polygon, Tron, Solana, Optimism, Arbitrum, Avalanche, Base, and more.
- Establish on-chain stablecoin reserve pools + DEX pricing to ensure payment stability.
- Introduce “Stablecoin-as-Gas” payment model to eliminate reliance on native tokens and enhance usability.
- Integrates the zkLogin one-click wallet creation mechanism to lower the participation threshold for new users.
This version marks BenFen’s official transition from a base chain to a “stablecoin financial operating system“, laying a solid foundation for DeFi applications, one-click stablecoin/RWA issuance, and cross-border settlements.
BenFen was incubated and early-funded with $10M by Bixin Ventures. Bixin Ventures now serves as a strategic advisor and will continue to drive the technological evolution and ecological construction of BenFen.
BenFen is attracting an increasing number of project parties to collaborate, leveraging its one-click stablecoin issuance capability and underlying liquidity module to implement innovative scenarios.
Meanwhile, BenPay, an all-in-one decentralized finance platform built on the BenFen public chain, has integrated diverse features, including BenPay Card, BenPay DEX, BenPay Lending, and on-chain red envelopes. An on-chain assets management protocol integrating a variety of cross-chain interest-earning products will be launched, enabling users to transfer mainstream stablecoins (such as USDC and USDT) from major public chains into the BenFen chain in a single click, automatically convert them into BUSD, and then deploy BUSD into BenPay’s curated high-quality, high-yield assets management protocols across multiple blockchains. This seamless process allows for effortless cross-chain asset flow, steady asset growth, and high APY returns. BenPay is committed to creating a one-stop gateway for stablecoin payment and assets management, accelerating the global popularization and application of stablecoins.
👉 View website updates: https://www.benfen.org/
👉 Follow the latest progress: https://x.com/BenFen_Official