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BNB Chain Validators Propose Halving Gas Fees and Speeding Block Times

The validator-led plan, publicly backed by Changpeng Zhao, awaits governance approval with an October rollout targeted.

Overview

  • The proposal lowers the minimum gas price from 0.1 Gwei to 0.05 Gwei and shortens block intervals to 450 milliseconds from 750 milliseconds.
  • Validators estimate average transaction costs could fall to about $0.005 under the upgrade, positioning the network to better compete with Solana and Base.
  • The plan sets a guiding principle to keep fees as low as possible so long as staking APY stays above 0.5%, with a longer-term aim near $0.001 per transaction.
  • Backers cite demand from on-chain traders, with trading-related activity rising from 20% at the start of 2025 to 67% by June as BNB trades above $1,000.
  • Earlier fee cuts from 3 Gwei to 1 Gwei and then to 0.1 Gwei were followed by a 75% drop in median fees and roughly a 140% jump in daily transactions to above 12 million, even as critics point to the network’s 45-validator structure as overly centralized.