BNB Price Pumps 3% After CZ Proposes Slashing Binance Chain Fees 50%
The BNB price climbed 3% in the last 24 hours to trade at $1,013.17 as of 12.05 a.m. EST on a 9% decrease in daily trading volume to $4.14 billion. This comes after Binance co-founder Changpeng Zhao, aka CZ, suggested a 50% cut in fees on the Binance Chain. Lower transaction fees could attract new projects and users to the Binance ecosystem, helping boost revenues and BNB. Let's reduce fees by another 50% on #BNB Chain? 🤷♂️ https://t.co/dtcf6QcaTD — CZ 🔶 BNB (@cz_binance) September 23, 2025 The BNB Chain also plans to cut its minimum gas fee in half, from 0.1 Gwei to 0.05 Gwei next month, while speeding up block times from 750 ms to 450 ms. The goal is to push average transaction costs down to about $0.001. This follows earlier fee cuts in April 2024 and May 2025, showing a steady push to make the network cheaper. The proposal aims to help BNB Chain compete with low-cost, fast networks like Solana and Base. While the move could attra...