BNB Chain Takes on Solana With Massive Gas Fee Slash

The Binance Smart Chain (BSC) announced it has officially reduced the minimum gas fee to 0.05 Gwei. This positions BSC as a Solana rival and one of the more affordable blockchains for DeFi, trading, and dApps.

What the Gas Fee Slash Means for Binance Chain

According to Binance Chain, the 0.05 Gwei fees translate to approximately $0.005 per transaction. This change lowers transaction costs from the previous 0.1 Gwei, making the network even more accessible.

Lower gas floors have key implications for users, builders, and the entire Binance Chain ecosystem. For users, it will enable faster and cheaper transactions. 

Today, all BNB Smart Chain (BSC) validators and builders have adopted the new minimum gas price of 0.05 Gwei and BSC is fully ready to accept transactions at this rate.

That’s ~$0.005 per transaction, making BSC one of the most cost-efficient blockchains in crypto.

What this… https://t.co/qEAHIUHVRI pic.twitter.com/56g86yHgWN

— BNB Chain (@BNBCHAIN) October 1, 2025

It will also provide developers with more flexibility to innovate and strengthen BNB Chain as a competitive blockchain ecosystem.

The next step, according to Binance Chain, involves wallets, centralized exchanges (CEXs), and trading platforms adopting this 0.05 Gwei gas price. Without this, some interfaces might still default to higher fees.

BNB Chain Rivals Solana

With the new gas fee slash to $0.005 per transaction, BSC now rivals Solana. The transaction fee for Solana is typically around $0.0001-$0.0025. Consequently, Solana still edges out BSC on affordability, making it ideal for micro-transactions.

Solana employs a different mechanism significantly from other blockchains, contributing to its reputation for cost efficiency. 

Solana gas fees remain consistently low and transparent, unlike other networks that struggle with unpredictable gas costs. This mechanism makes budgeting for transactions much simpler for users and developers alike.

However, with the new 0.05 Gwei floo, BSC closes the gap for EVM-based dApps. The blockchain offers better interoperability with Ethereum tools and a more stable ecosystem for builders.

BNB Price Reaction and Prediction

The adoption of the 0.05 Gwei minimum gas price on BSC has positively impacted the price of BNB, the ecosystem’s native token. As of this writing, BNB has surged 2.6% over the past 24 hours to $1020.7.

The latest comes shortly after analysts raised bearish forecasts for BNB. They warned of a possible 10% drop if support lines fail. At the same time, they claim BNB could rally toward $1,100–$1,200 in the short term if it overcomes the $1,083 resistance.

Other analysts also forecast that BNB could climb as high as $1300.