#BNBChainMeme
BNB Chain has rolled out a significant upgrade to its BNB Smart Chain (BSC) network, responding to the surge in gas fees caused by increased meme coin activity. Over the past week, gas fees on the network shot up by 400%, reaching nearly $15 million. This spike in fees has outpaced Ethereum, which saw $7 million in fees, but still falls behind Solana’s $29 million. The surge is largely due to increased transactions related to meme coins, including those inspired by Binance founder Changpeng "CZ" Zhao's dog, Broccoli.
The BNB Chain network upgrade is designed to address issues caused by high traffic, particularly with time-sensitive transactions like meme coin swaps. Previously, BSC validators stopped evaluating bids when the block cap was reached, leading to delays or failed transactions even when users had increased their gas fees to prioritize them. With the new update, validators can now gather more bids within the same three-second block window, allowing higher-value transactions to take priority and improving block-building performance