Changpeng Zhao (CZ), founder of Binance, launched a daring proposal aimed at significantly reducing gas costs on the BNB chain. This initiative could divide costs by three to ten, positioning BNB Chain as a formidable competitor against Solana and Ethereum in the battle of first layer blockchains.
In short
- CZ offers to reduce gas costs to BNB Chain up to 10 times their current value.
- BNB Chain already treats more than 7.2 billion transactions with average costs of $ 0.0,945.
- This strategy aims directly to compete with Solana ($ 0.0035 per transaction) and Ethereum ($ 0.42).
- The balance remains to be found between reduced costs and spam prevention on the network.
Binance's strategy to dominate the blockchains market
Changpeng Zhao initiated discussions around a possible reduction in gas fees on BNB Chain on May 4, 2025, during a series of exchanges with the Crypto community on X (formerly Twitter).
This announcement intervenes at a strategic moment when BNB has just exceeded Solana in terms of market capitalization, reaching more than $ 104 billion.
Currently, BNB Chain already offers competitive costs, with a median gas price of 1 GWEI, equivalent to around $ 0.01 per transaction.
Compared, Ethereum invoices on average $ 0.42 per transaction, while Solana maintains extremely low costs at $ 0.0035. CZ's proposal would make BNB chain potentially as affordable as Solana, while retaining the robustness and EVM compatibility which make its strength.
The BNB ecosystem is experiencing rapid expansion, with more than 68.3 million transactions treated monthly, establishing itself as the most active EVM channel.
This growth has accelerated thanks to the emergence of new platforms like Four.meme, which facilitated the creation of thousands of same on the BNB blockchain.
The economic and technological implications of this reduction
The drop in gas fees could radically transform the attractiveness of BNB Chain for developers and users, but also raises important questions concerning long -term viability.
The main challenge identified by CZ remains the balance between accessibility and protection against spam. A too drastic reduction in costs could expose the network to attacks and saturate the infrastructure.
“”We have to find the right middle between very low costs and a secure blockchain»»said CZ during his exchanges.
This initiative is part of a broader context where BNB is gaining institutional legitimacy, in particular with the recent deposit by Vaneck of a file for an ETF BNB with the American Sec.
The reduction in gas fees could propel BNB Chain to new heights in the first -level blockchains ecosystem. If this initiative materializes, it will strengthen the attractiveness of the network both for developers and for end users, consolidating its position in the top trio of Blockchain platforms.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
