BNB Validators Bet on Halving Fees to Surpass Solana in the Blockchain Cost Race
- BNB Chain validators propose 50% gas fee cuts and 450ms block times to boost scalability and competitiveness against Solana and Ethereum. - Prior fee reductions since 2024 drove 140% transaction growth to 12M daily, with network capacity at under 30% utilization. - Binance CEO CZ links BNB's $1,080 all-time high to fee cuts, SEC resolution, and Fed rate cuts, targeting $0.001/transaction long-term. - Technical upgrades like Maxwell protocol reduced block times to 750ms, with proposed 450ms aiming to enha
BNB has managed to stay above the $1,000 mark following a proposal from
This latest proposal builds on previous fee cuts that have already driven significant growth in network usage. In April 2024, gas fees dropped from 3 Gwei to 1 Gwei, and a further 90% reduction in May 2025 brought fees down to 0.1 Gwei. These changes resulted in a 140% jump in daily transactions, surpassing 12 million, and a 70% boost in swap activity. According to BNB Chain validators, the network is currently running at less than 30% of its capacity, leaving plenty of space for increased transaction loads without overburdening the system. Maintaining an annual staking yield (APY) above 0.5% is highlighted as essential for keeping validator incentives strong despite the proposed fee cuts.
Binance founder Changpeng Zhao (CZ) has voiced his support for the proposal, crediting BNB’s recent price rally to lower gas fees, the resolution of Binance’s SEC case, and interest rate cuts by the Federal Reserve. BNB hit a record high of $1,080 in early September, with CZ pointing to network upgrades as a driving force behind greater institutional and retail interest. The reduction in gas fees is expected to make BNB Chain even more attractive for high-frequency trading and DeFi projects, which are central to its ecosystem.
Technical improvements, such as the Maxwell protocol introduced in June 2025, have already shortened block times to 750 milliseconds, putting BNB Chain among the fastest major blockchains. The new proposal to cut block times to 450 milliseconds aims to further boost throughput and transaction finality, enabling more transactions and quicker confirmations. These advancements have coincided with a 33.2% rise in daily active addresses to 1.6 million and a 14% increase in DeFi total value locked (TVL) to $6 billion in the second quarter of 2025.
The proposal highlights BNB Chain’s commitment to balancing low costs with high performance to maintain its market position. With Ethereum’s average transaction fees at $0.41 and Solana’s between $0.0001 and $0.0025, BNB’s faster speeds and reduced costs could appeal to users seeking scalability. Still, validators recognize challenges such as the risk of spam transactions and the importance of strong protections to ensure network reliability. This initiative is part of the broader race among blockchains to deliver faster, more affordable, and sustainable infrastructure, with BNB Chain aiming to strengthen its role as a leading platform for trading and DeFi development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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