X @BNB Chain

Proposal Overview - Validators propose halving gas fees and accelerating block speeds on BNB Smart Chain (BSC) to maintain competitiveness [1] - The proposal aims to lower the minimum gas price from 0.1 Gwei to 0.05 Gwei and accelerate block intervals from 750ms to 450ms [1] Impact on Trading and Fees - Lowering gas fees to 0.05 Gwei would result in fees of approximately $0.005 per transaction, making BSC competitive with chains like Solana and Base [2] - Past fee reduction from 0.04 USD to 0.01 USD (75% decrease) led to a 140% surge in daily transactions, exceeding 12 million [2] - Trading is now the dominant activity on BNB Chain, with swap-related transactions surging from 20% to 67% [3] Network Performance and Sustainability - BSC is currently running at less than 30% capacity, indicating room for more activity [3] - Infrastructure has been verified to handle 3x today's state data [7] - Staking APY remains stable above 0.5%, supported by higher trading activity and $BNB's price growth [2] Long-Term Vision - The long-term target is gas fees around $0.001 per transaction, a reduction of over 90% from past levels [4] - The core community principle is to strive for the lowest gas fees possible as long as staking APY remains above 0.5%, balancing network growth with validator rewards [4] Community Involvement - The proposal seeks community input and feedback to shape the future of onchain trading [5][8] - Validators and users will collectively determine the future direction of BNB Chain [5] Past Gas Fee Reductions - Gas fees dropped from 3 Gwei to 1 Gwei (67% decrease) in April 2024 [6] - Gas fees fell from 1 Gwei to 0.1 Gwei (90% decrease) in May 2025 [6]