Binance Founder CZ Proposes Reducing BNB Chain Gas Fees by 3 to 10 Times
The founder of cryptocurrency exchange Binance, Zhao Changpeng (CZ), proposed at noon to reduce the BNB Chain (also commonly known as BSC Binance Smart Chain) gas fees by 3 to 10 times, sparking discussions within the community.
(Background: Bloomberg accused CZ of seeking a pardon from Trump; Zhao Changpeng countered: “False attacks lack evidence, and news ethics are indeed very low…”)
(Further context: CZ revealed in a livestream: Is Satoshi Nakamoto an AI from the future? The Bitcoin community is in heated debate.)
Recently, the BNB Chain, which uses BNB as its native token, has seen a surge in trading volume due to a series of TGE activities from Binance Wallet, alongside users increasing their trading volume of related tokens to earn Alpha Points.
Today (7th), around 3 PM, Binance founder Zhao Changpeng (CZ) posted on X, proposing to reduce BSC gas fees by 3 to 10 times, attracting widespread discussion from the cryptocurrency community. He directly asked:
“Let’s reduce BSC gas fees? 3x, 10x?”
Note: Although BSC gas fees are significantly lower than Ethereum’s, they are currently still higher than some emerging L2 chains.
Let’s reduce BSC gas fees? by 3x, 10x?
— CZ BNB (@cz_binance) May 7, 2025
Impact and Challenges of Lower Gas Fees
Lowering BSC gas fees may incentivize the ecosystem, as reduced costs would attract more users and developers, particularly in the meme coin and GameFi sectors. The BNB Chain official expressed anticipation for solutions, while ThenaFi directly called for, “Let’s do it.”
Interested to see the answers
— BNB Chain (@BNBCHAIN) May 7, 2025
However, CZ also noted that lowering gas fees could bring challenges. In response to BNBSwap’s suggestion of “free” transactions, he pointed out, “Spam transactions will increase.” Additionally, it is necessary to consider the interests of validators and builders; significantly lowering gas fees without accompanying measures could impact network verification security.
lots of spam, and also need to consider validators and builders.
— CZ BNB (@cz_binance) May 7, 2025
BNB Surpasses $600
Regarding the price of BNB, CZ’s comments have not yet shown a significant incentive; BNB today primarily followed Bitcoin’s rise, reporting $606.3 before the deadline.
