BNB Chain Enhances Network to Tackle Rising Gas Fees Amid Memecoin Frenzy

BNB Chain has introduced a key upgrade to its BSC network as surging memecoin speculation leads to higher transaction fees and congestion issues.

Currently, BSC validators finalize bids once they reach the block limit, with new blocks produced every three seconds. However, when network activity spikes, certain time-sensitive transactions—such as those involving memecoins—fail to be processed in time.

To address this, the network’s latest adjustment allows validators to evaluate more bids within the same three-second timeframe. This increases the likelihood of prioritizing higher-value transactions over less urgent ones, particularly benefiting users involved in rapid trading.

The update aims to improve block efficiency and ensure that transactions interacting with volatile assets, like memecoins, have a better chance of inclusion during peak periods.

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Analyst Predicts Significant Altcoin Decline Before Potential Rally

Recent network activity has driven BNB transaction fees to historic highs. Over the past week, users have spent nearly $15 million on fees—far surpassing Ethereum’s $7 million and second only to Solana’s $29 million, per Nansen data. This marks a staggering 388% increase from previous levels.

Analysts suggest that a key factor behind this surge could be the temporary halt in Binance’s legal proceedings with the SEC. Meanwhile, memecoins inspired by Binance founder Changpeng “CZ” Zhao’s dog, Broccoli, have fueled further activity, benefiting platforms like PancakeSwap.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.