BNB Chain Collects $15 Million in Transaction Fees, Surpassing Ethereum
The BNB Chain has collected nearly $15 million in transaction fees over the past seven days, marking a 400% increase. This amount exceeds the $7 million earned by Ethereum during the same period and is only surpassed by Solana, with $29 million. This surge is due to the growing speculation around memecoins, which has saturated the network and driven up usage costs.
A Strategic Update to Streamline Exchanges
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More to come. Build!
In response to this congestion, the BNB Chain has implemented a crucial optimization: transactions involving time-sensitive contracts, such as memecoin exchanges, will now receive increased priority. Previously, BSC validators stopped evaluating offers as soon as a block limit was reached, preventing some urgent transactions from being included, even when users increased their fees. With this update, more offers will be processed within the same three-second window, favoring higher-value transactions.
The BNB Chain has also announced collaborations with major wallets used on the network to prevent sandwich attacks (MEV).
A Context Marked by Speculation and Controversies
This intensive activity on the BNB Chain coincides with a rise in the price of its native token, BNB. According to Nansen, fees on the BSC have surged by 114% in one week, while Ethereum, Solana, and Base have experienced declines.
The enthusiasm surrounding memecoins, particularly those inspired by Changpeng “CZ” Zhao’s dog, Broccoli, has greatly contributed to this trend. PancakeSwap, the main DEX on the BNB Chain, is benefiting significantly from this, experiencing increased trading volume and even surpassing Uniswap. CZ responded with enthusiasm, announcing further network optimizations with the message, “More to come. Build!”
