Overview
- Validators filed a proposal to reduce the minimum gas price from 0.1 Gwei to 0.05 Gwei and shorten block intervals from 750 milliseconds to 450 milliseconds.
- The plan seeks to make BNB Chain more competitive with Solana and Base by targeting average transaction costs near $0.005, with a longer-term goal of $0.001.
- If approved, the changes are reported as potentially taking effect in October, with the proposal now under consideration by the validator set.
- On-chain trading growth is a key driver, with BNB Chain data showing trading-related transactions rising to 67% of activity and CoinDesk citing Aster’s $29.37 billion in 24-hour volume and $7.2 million in daily revenue.
- The move revives debate over validator economics and decentralization, as BNB Smart Chain runs about 45 validators split into cabinet and candidate groups and lower fees could reduce fee-derived rewards.