On Thursday, October 9th, Binance co-founder and former CEO Changpeng Zhao (CZ) spoke out about the latest adjustments made to the BNB chain, highlighting how much network fees have been reduced this year.
In a statement that sparked debate across the cryptocurrency community, Binance’s CZ revealed that gas fees on the BNB chain will drop by a factor of 20 in 2025.
This statement came shortly after the network confirmed through the BNB Chain’s official Twitter page that it had successfully introduced a new standard gas fee of 0.05 Gwei across the Binance ecosystem.
Notably, 0.05 Gwei has become the network’s default gas price. Therefore, transactions performed on the BNB chain will be charged a rate of 0.05 Gwei, which is currently established as the new fee standard.
2000% reduction: Will BNB gas prices head towards zero?
While this move seems to be one of the network’s strategies to boost adoption and easily attract new users to the network, Binance’s CZ highlighted how BNB’s gas fees have been significantly reduced in 2025 alone.
Highlighting the pace at which the BNB team has worked to dramatically reduce transaction costs for both users and developers, CZ pointed out that transaction costs on the BNB Chain have been significantly reduced on two different occasions this year. Initially, BNB’s gas prices were reduced by 10 times, but now they have been reduced by 2 times again, and already this year they have been reduced by 20 times (2000%).
Binance Coin has surged in price over the past few days, ranking among the top daily gainers during the recent crypto rally, but speculators suggest that low gas prices may have played a key role in the asset’s unprecedented price performance.
Following the network’s latest developments, it further revealed that key ecosystem partners such as Binance Wallet, Trust Wallet, and Aster DEX have also switched to the new default fees, ensuring widespread adoption across the network.
BNB briefly returned to the red zone, but investors are optimistic that the asset could set even bigger records due to the price surge.
Lowering network fees could allow developers and users to perform more transactions for fewer fees, further increasing the momentum of the token.
