BNB Chain: Aims to Enhance Network Performance, Reducing Single Transaction Fee to Around $0.005

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

If implemented, the fee per transaction will be reduced to approximately $0.005, enhancing BSC's competitiveness compared to base Layer 1 chains like Ethereum and Solana. The proposal also puts forward a core principle: when the staking yield remains above 0.5%, the goal should be to pursue the lowest possible Gas fee. The long-term target is to reduce the fee to $0.001 per transaction.