On Thursday, October 9, Binance co-founder and former CEO Changpeng Zhao (CZ) commented on the latest adjustment to the BNB chain, highlighting the extent to which network fees have been reduced this year.
In a statement that has sparked debates in the crypto community, Binance’s CZ revealed that BNB Chain’s gas rates will fall by 20x by 2025.
The statement came shortly after the network confirmed via BNB Chain’s official Twitter page that it has successfully implemented the new standard gas fee of 0.05 Gwei across the Binance ecosystem.
Notably, 0.05 Gwei has now become the standard gas fee for the network; Therefore, every transaction made through the BNB chain will be charged a fee of 0.05 Gwei, which has now been set as the new fee standard.
2000% reduction: will the BNB gas fee go to zero?
While this move appears to be one of the network’s strategies to boost adoption and easily attract new users to its network, Binance’s CZ highlighted how deeply the BNB gas fee has been cut in 2025 alone.
Highlighting how quickly the BNB team has worked to dramatically reduce transaction fees for both users and developers, CZ noted that BNB Chain transaction fees have been significantly reduced on two separate occasions this year. Initially, the BNB gas fee was reduced by 10x, and now it has been reduced again by 2x, which already represents a 20x (2000%) reduction this year.
While Binance Coin has been riding high in recent days, with its price among the top daily gainers during the crypto market’s latest rally, speculators have suggested that low gas costs may have played a key role in the asset’s unprecedented price performance.
Following the latest development on the network, it further revealed that its key ecosystem partners including Binance Wallet, Trust Wallet and Aster DEX have also switched to the new standard fee, ensuring widespread adoption across the network.
Although BNB briefly returned to the red zone, investors are optimistic that higher price gains could push the asset to set bigger records.
By lowering network fees, developers and users can now conduct more transactions at a lower cost, potentially building more momentum for the token.