BNB Chain proposes to fall gas fees to maintain competitiveness with Solana and Base.

The validators of BNB Chain are proposing to reduce gas fees from 0.1 to 0.05 Gwei and shorten the block time from 750ms to 450ms, helping to reduce transaction fees to around 0.005 USD, keeping BNB Chain competitive with Solana and Base.

Previous fee reductions from 3 Gwei to 1 Gwei and from 1 Gwei to 0.1 Gwei have reduced fees by 75% and increased daily transaction volume by 140%, reaching over 12 million transactions. A new principle is being considered: as long as the staking yield rate (APY) remains above 0.5%, the goal of BNB Chain is to maintain the lowest possible gas fees, with a long-term target of around 0.001 USD per transaction.