BNB Chain: Plans to enhance network performance, reducing the transaction fee to about $0.005

On September 24, BNB Chain announced that BNB Chain validators plan to reduce the minimum Gas from 0.1 Gwei to 0.05 Gwei, and shorten the block interval from 750 milliseconds to 450 milliseconds. If implemented, the transaction fee will decrease to about $0.005, enhancing the competitiveness of BSC against public chains like Base and Solana. This proposal also puts forward a core principle: when the staking yield maintains above 0.5%, the aim should be to achieve the lowest possible Gas fees. The long-term goal is to reduce the handling fee to $0.001 per transaction.

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