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BNB Chain: Plans to Enhance Network Performance to Reduce Single Transaction Fee to ~$0.005

BlockBeats News, September 24th, BNB Chain announced that BNB Chain validators plan to reduce the minimum Gas fee from 0.1 Gwei to 0.05 Gwei and shorten the block interval from 750 milliseconds to 450 milliseconds.

If implemented, the transaction fee per transaction will be reduced to approximately $0.005, enhancing BSC’s competitiveness with other public chains such as Base and Solana. The proposal also puts forward a core principle: when maintaining a staking yield of above 0.5%, the goal should be to pursue the lowest possible Gas fee. The long-term target is to reduce transaction fees to $0.001 per transaction.

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