Shocking the World! BNB chain cuts transaction fees by 10 times, Solana and Ethereum are in a panic!

Zhao Changpeng (CZ) strikes again! He is preparing to significantly reduce the BNB chain's transaction fees, planning to cut them by three to ten times, directly triggering a major upheaval in the blockchain market.

Currently, the transaction volume on the BNB chain has exceeded 7.2 billion transactions, but with the rise of competitors like Solana, CZ has decided to take action. The goal of the BNB chain is to provide cheaper and faster transactions to challenge market rivals.

The current transaction fee on the BNB chain is only $0.01 per transaction, while Solana leads with a fee of $0.004, and Ethereum is much higher at over $0.4.

However, cutting transaction fees also comes with risks—excessively low fees may lead to low-quality transactions, resulting in decreased network performance.

CZ's ultimate goal is to create a fast, efficient, and sustainable network, striving to dominate the L1 track. The market is watching closely; is this a revolutionary innovation or a high-risk gamble? We shall see!