Changpeng Zhao (CZ), founder of Binance, launched a bold proposal to significantly reduce gas fees on the BNB chain. This initiative could divide costs by three to ten times, positioning BNB Chain as a formidable competitor against Solana and Ethereum in the battle of layer one blockchains.
In summary
CZ proposes to reduce gas fees on BNB Chain by up to 10 times their current value.
BNB Chain is already processing over 7.2 billion transactions with average fees of $0.0945.
This strategy directly aims to compete with Solana ($0.0035 per transaction) and Ethereum ($0.42).
The balance to find remains between reduced fees and preventing spam on the network.$BNB