Validators on BNB Chain have suggested reducing the minimum gas price from 0.1 Gwei to 0.05 Gwei, while also shortening block intervals from 750 milliseconds to 450 milliseconds.
The intention is to lower average transaction costs to approximately $0.005, positioning the network competitively alongside low-cost chains like Solana and Base.
This proposal follows an April 2024 decision to decrease gas prices from 3 Gwei to 1 Gwei, and a subsequent cut in May to 0.1 Gwei, resulting in a 75% reduction in fees.
“As long as staking APY remains above 0.5%, BNB Chain should aim for the lowest gas fees possible,” the proposal states, emphasizing ultra-low costs as a fundamental aspect of network growth.
The timing of this proposal is crucial; on-chain trading activity is thriving, with decentralized exchange Aster rising as the leading trading venue.
As reported by CoinMarketCap, the exchange has processed $29.37 billion in perpetual futures volume in the last 24 hours. Data from DefiLlama indicates Aster is generating $7.2 million in daily revenue, more than double HyperLiquid’s $2.79 million.
This strength is reflected in their tokens. ASTR has increased by 37% in the past 24 hours, boosting its market capitalization from $931 million a week ago to $3.74 billion. In contrast, HYPE has lost billions in value, dropping from $14.88 billion to $11.73 billion.
Trading-related transactions already constitute the majority of BNB Chain’s operations, rising from 20% at the beginning of 2025 to 67% by June. The proposal highlights that a cheaper cost environment could facilitate further expansion.
Meanwhile, the BNB token has seen a 1% decline in the past 24 hours but continues to hold above a significant psychological threshold at $1,000, with daily volume exceeding $3.8 billion.
