BNB Chain validators have proposed slashing gas fees by 50% and accelerating block speeds to maintain competitiveness against Solana and Base as the BNB token surges past $1,000 for the first time in history. The proposal would reduce the minimum gas price from 0.1 Gwei to 0.05 Gwei, while shortening block intervals from 750 milliseconds to 450 milliseconds. Average transaction costs would drop to approximately$0.005 per transaction under the proposal, positioning BNB Smart Chain alongside the cheapest ...