BNB Prepares for Historic Update: Binance Founder CZ Makes Statement

BNB Chain has introduced a new proposal that aims to halve transaction fees and increase block speeds.

According to the proposal, the minimum gas price on the network will be reduced from 0.1 Gwei to 0.05 Gwei, and block intervals will be reduced from 750 milliseconds to 450 milliseconds.

The BNB Chain ecosystem has significantly reduced transaction costs through past validator decisions. In April 2024, the gas fee was reduced from 3 Gwei to 1 Gwei, and in May 2025, from 1 Gwei to 0.1 Gwei. As a result of these moves, average transaction fees decreased by 75%, from $0.04 to $0.01, while daily transaction volume increased by 140% to over 12 million.

If the new proposal is accepted, transaction fees will drop to approximately $0.005, making it competitive with the fastest chains like BNB Smart Chain, Solana, and Base. Furthermore, the increased transaction volume is projected to maintain staking returns for validators above 0.5%.

In the statement made by BNB Chain, it was pointed out that only 30% of the network’s current capacity was used, and it was argued that the infrastructure was capable of handling three times the current level of data.

Binance founder Changpeng Zhao also supported the proposal, saying, “Let’s reduce fees on BNB Chain by 50% once again.”

*This is not investment advice.