BNB Chain Proposes Gas Fee Cuts and Faster Blocks to Stay Competitive – Crypto News – Crypto News
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BNB Chain Proposes Gas Fee Cuts and Faster Blocks to Stay Competitive BNB Chain Proposes Gas Fee Cuts and Faster Blocks to Stay Competitive

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BNB Chain Proposes Gas Fee Cuts and Faster Blocks to Stay Competitive – Crypto News

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8 months ago

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Validators push to halve fees and speed up block times as trading dominates activity on BSC.

BNB Chain validators have proposed reducing gas fees by half and shortening block times on the BNB Smart Chain (BSC) to lower costs and expedite transactions.

The proposal would cut the minimum gas price from 0.1 Gwei to 0.05 Gwei and speed up block times from 750ms to 450ms, according to a post on X. That would bring the average transaction cost down to about $0.005. By comparison, Solana fees average around $0.0036, according to Token Terminal data.

BSC, the flagship network of the larger BNB Chain ecosystem, currently boasts a total value locked (TVL) of over $8.2 billion – down from its peak TVL of $21 billion in May 2021, per DeFiLlama. Meanwhile, BNB, the ecosystem’s native token originally launched by Binance, is the fifth-largest cryptocurrency with a market cap of $141.7 billion.

BNB Chart

The proposal highlights BNB Chain’s efforts to attract and retain traders, developers, and market makers. By lowering costs and speeding up transactions, validators aim to boost activity on BSC, support higher trading volumes, and maintain staking rewards. Over the past 24 hours, BSC has generated around $1.15 million in network fees, according to DeFiLlama.

“Gas fees matter. They decide where traders build, where liquidity flows, and where innovation happens,” the post reads. “That’s why validators on BNB Chain are proposing to halve fees and accelerate block speeds, keeping [BSC] competitive with the fastest chains in crypto.”

Track Record of Fee Cuts

The proposal comes as BNB Chain’s native token, BNB, recently broke over $1,000 for the first time. It’s currently trading at $1,010, up 6% over the past week.

It also follows a track record of fee cuts: In April 2024, gas dropped from 3 Gwei to 1 Gwei (a 67% decrease), and in May 2025, it fell again to 0.1 Gwei (a 90% decrease). This resulted in median fees falling 75% and daily transactions surging by 140%.

The post explained that because trading now comprises the backbone of BNB Chain, with swap activity rising from 20% in January to 67% by June, low fees are increasingly important. “The long-term target is clear: gas around $0.001 per transaction—more than a 90% reduction from past levels and on par with the most competitive chains,” the post reads.

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