Binance Founder Suggests Slashing BSC Gas Fees: The Proposal Stirring Up Crypto Serfs

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Once more, in the endless digital steppe, where the mighty Binance Chain winds its way across the wilderness of microtransactions, the intrepid Changpeng ‘CZ’ Zhao, a man whose shoulders must ache from bearing all those acronyms, peers into the distance. Feasibly bored but never idle, he lets slip—nay, *suggests*—to reduce the BSC Chain gas fees by three, maybe ten times. Bold, yes, but not so bold as to stop a wandering army of calculators from slamming their abacuses in disbelief. 🧮😲

On May 7, from the confines of his X (a platform, not a hidden KGB codename), Zhao transmitted a dispatch to his followers. The numbers are sly: the average BSC gas price sits at 2.163 Gwei, a grand 3.91% lower than yesterday, dropping from the snowy heights of 2.251. But compared to last year, comrades, it has collapsed 41.40%. Gwei, once regarded as rare as a loaf of bread in 1950s Moscow, is now as abundant as government paperwork.

Here, Gwei is a mere unit—a splinter of BNB, a protein in the soup of modern crypto existence. One Gwei: 0.000000001 BNB. Even the mice in the corners of the gulag might struggle to live on so little, but at least it’s standardized. Ethereum has long practiced such accounting rituals; now, too, BSC Chain. The grand proposal: “Let’s reduce BSC gas fees? by 3x, 10x?” Zhao muses, as one might suggest adding another ladle of cabbage to the communal stew. 🍲

The villagers respond, as villagers do: some with open arms, others with suspicion. “Why not abolish gas fees entirely?” cry the hopeful—perhaps the same people who believe snow will melt with optimistic stares. Zhao, perhaps stroking a cybernetic beard, reminds the crowd that zero fees lead to spam and hungry validators. Validators and builders must have their crust of bread—or at the very least, digital breadcrumbs. “Lots of spam, and also need to consider validators and builders,” he repeats, surely for the thousandth time.

Yet others, unbowed, note the current fees are so insignificant, they’re not even worth the effort of complaint. BSC Chain, with one of the lowest gas fees among Layer 1s, receives the sort of grudging gratitude reserved for rationed sugar.

Last week’s numbers speak for themselves—and for the silent suffering of wallets: BSC’s average gas fee was $0.093, median $0.034. Ethereum? $0.34 avg, $0.088 median. Avalanche creeps lower, muttering “hold my vodka”: $0.022 average and $0.002 median. Solana and Polygon? They practically pay you to transact. Polygon’s average gas fee is $0.003, its median $0.001; Solana matches the median and slides in an average $0.019. In these digital times, even the price of sending a sarcastic meme is little more than pocket lint. 😂🪙

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2025-05-07 13:19