BNB Chain validators have proposed reducing the minimum gas fee from 0.1 Gwei to 0.05 Gwei and shortening the block interval from 750 milliseconds to 450 milliseconds. If implemented, transaction fees could drop to approximately $0.005 per transaction, enhancing BSC's competitiveness among low-fee blockchains. Previous fee reductions from 3 to 1 Gwei and then to 0.1 Gwei have already decreased fees by 75%, with daily transaction volumes surging 140% to 12 million. The proposal emphasizes maintaining staking yields above 0.5% while pursuing the lowest possible gas fees, with a long-term goal of reducing fees to $0.001 per transaction.
BNB Chain Proposes Lowering Gas Fees and Reducing Block Interval
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