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BNB Chain (often referred to as BSC, Binance Smart Chain), with BNB as its native token, has recently seen increased activity due to a series of Binance Wallet TGE events and users significantly increasing trading volume to obtain Alpha Points.

Today around three o'clock, Binance founder CZ posted on X, proposing to reduce BSC's gas fees by 3 to 10 times, sparking widespread discussion in the crypto community. He directly asked: "Shall we reduce BSC gas fees? 3x, 10x?"

Note: While BSC's gas fees are significantly lower than Ethereum's, they are currently still higher than some emerging L2 chains.

Impact and Challenges of Lower Gas Fees

Reducing BSC's gas fees could bring incentives to the ecosystem, with low fees attracting more users and developers, especially in meme coins and GameFi sectors. BNB Chain officially expressed anticipation of seeing solutions, while ThenaFi directly called for "just do it".

However, CZ also mentioned potential challenges of reducing gas fees. Responding to BNBSwap's "free" suggestion, he noted that "spam transactions will increase". Moreover, the interests of validators and builders need to be considered, and significantly lowering gas fees without accompanying measures could affect network validation security.

BNB Rises Above $600

As for the token price, CZ's comments currently show no obvious incentive. BNB mainly rose today following Bitcoin's upward movement, reporting at $606.3 before this article's deadline.