Increasingly Competitive Lower Transaction Fee Offer from BNB Chain

A user from the leading blockchain BNB Chain ecosystem submitted a detailed proposal to the community that current transaction fees should be reduced.

on the BNB Chain forum ArboB A user named has launched a remarkable proposal to preserve the sustainability of the ecosystem and its market dominance. ArnoB reports that current transaction fees on BNB Chain high compared to market conditions while stating that it is a popular trend in the ecosystem recently. layer-2 (L2) stated that their solution offers a better alternative.

This proposal highlights the importance of adopting a more flexible and adaptive transaction fee structure on BNB Smart Chain (BSC) to better compete with Tier 2 solutions and attract new users.

Emphasizing that the BNB ecosystem should take a step against this rapidly spreading alternative, the user said, 5 gwei of the transaction fee downgrading to 3 or 4 gwei argued that it should. If such a step is not taken, ArboB will take over BNB Chain. ecosystem will lag behind and it will become a less preferred blockchain.

I recommend BSC validators take a more flexible approach to transaction fees; This approach will allow users to trade fees below the current 5 gwei rate, with options as low as 3 or 4 gwei depending on their financial needs.

The proposal in question will appear in the presence of the community after passing the preliminary stage and will be presented to the developer team’s desk according to the voting result.

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