BNB Chain Proposes Major Cut in Gas Fees
BNB Chain may reduce gas fees by 50% and speed up blocks, aiming to stay competitive and attract more transactions.
- BNB Chain plans to halve gas fees to 0.05 Gwei.
- Block intervals may shrink from 750ms to 450ms.
- Long-term goal: $0.001 per transaction.
BNB Chain validators are proposing a major change to the network’s fee and performance structure. The proposal includes cutting the gas fee from 0.1 Gwei to 0.05 Gwei, a move that would reduce the cost per transaction to around $0.005. In addition, the block interval could be shortened from 750 milliseconds to 450 milliseconds, making the chain significantly faster.
These updates are part of a broader strategy to ensure that BNB Chain remains competitive with other fast, low-cost blockchains like Solana and Base. By lowering fees and improving speed, the network hopes to attract more users and increase activity.
Fee Reductions Have Proven Results
BNB Chain has already seen success from similar changes in the past. Previous gas fee cuts—from 3 Gwei to 1 Gwei, and then to 0.1 Gwei—lowered transaction costs by 75%. As a result, daily transaction volume surged by 140%, reaching over 12 million transactions per day.
This strong response suggests that users are highly sensitive to transaction costs, and even small fee reductions can lead to big gains in activity.
A New Principle: Minimize Gas, Maintain Staking Rewards
A new guiding principle has been proposed: BNB Chain should continue to reduce gas fees as long as staking APY (annual percentage yield) stays above 0.5%. This balance ensures validators still earn enough to secure the network, while users benefit from cheaper transactions.
The long-term target is ambitious—BNB Chain wants to drive costs as low as $0.001 per transaction. If successful, this could make the chain one of the most cost-effective and scalable platforms in the industry, without compromising validator incentives.
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