Binance Founder CZ’s Master Plan to Smash Solana and Ethereum with BNB Gas Fee Slash

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In a bold move that’s giving crypto enthusiasts whiplash, Binance’s Changpeng Zhao (CZ, if you’re into that whole cool initial thing) is talking about slashing gas fees on the BNB Chain by a whopping three to ten times. Yes, you heard that right. This could mean even *lower* costs for users—who doesn’t love saving a few bucks? Especially when Solana is out here trying to make gas fees look like a bad joke.

Right now, BNB Chain isn’t exactly the Wall Street of crypto transaction costs, with fees so low they might as well be free. The median gas price is a breezy 1 Gwei, or a tiny $0.01 per transaction. That’s like the digital equivalent of finding a penny on the ground. In the past 24 hours, over 7.2 billion transactions went down with an average fee of just $0.0945. *Peanuts*. But CZ wants to do even better. We’re talking *less* than peanuts. Maybe like a free sample of peanuts?

But hold on to your hats, because it’s not all sunshine and rainbows. Making everything super cheap could cause some chaos—think spam and an overworked network that’s crying for a vacation. The trick is to lower fees without completely wrecking the system, which is like trying to make a soufflé without it collapsing. Harder than it sounds, right?

lots of spam, and also need to consider validators and builders.

— CZ 🔶 BNB (@cz_binance) May 7, 2025

Meanwhile, Ethereum’s over there charging $0.42 per transaction like it’s trying to pay off a second mortgage. Sure, they’re working on making things more efficient, but that’s still pretty pricey compared to the *bargain basement* pricing going down at BNB Chain.

Then there’s Solana, doing what Solana does best—making everyone else look like they’re throwing a crypto party in a mansion while they’re in the *bouncy castle*. Solana’s fees are so low, they’re practically nonexistent. We’re talking an average fee of just 0.000024 SOL—aka $0.0035. That’s less than your coffee at the hipster café you pretend to love.

If CZ’s grand plan actually happens, BNB Chain could become the superhero of the crypto world—offering the power of Ethereum with the wallet-friendly goodness of Solana. But, you know, without all the *drama*. There’s no official word yet, so stay tuned. Will BNB become the next big thing, or just another blip on the blockchain radar? Guess we’ll see!

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2025-05-07 11:45