#BNBChain Cuts Gas Fees by 90% After CZ’s Suggestion
$BNB Chain has officially reduced its gas fees from 1 Gwei to 0.1 Gwei, making on-chain transactions 90% cheaper. This move follows a recent post by Binance founder CZ, who recommended cutting fees by 3x or even 10x to boost network usage and adoption.
With this update, average transaction costs on BNB Chain drop to around $0.0013, making it one of the lowest among major Layer 1 blockchains. For comparison:
▶️ #Ethereum ~$0.42
▶️ #Solana ~$0.0035
▶️ #Avalanche ~$0.022
What this means:
▶️ Lower fees make BNB Chain more attractive for users, developers, and DeFi projects.
▶️ It strengthens BNB’s position against competitors like Ethereum and Solana.
▶️ Users can interact with dApps, trade, or mint NFTs at minimal cost.
Potential risks:
▶️ Reduced validator income may affect network security.
▶️ Ultra-low fees could lead to spam transactions if not properly managed.
Despite the trade-offs, this fee slash is a bold step to scale BNB Chain usage and expand its ecosystem.
