BNB Chain has shifted its transaction-fee strategy, deprioritizing further gas fee reductions in favor of sustainable revenue models. Nina Rong, Growth Director of BNB Chain, stated on September 6 that reducing gas fees is no longer the network’s top priority. BNB Chain had previously cut transaction costs to 0.05 Gwei, reducing fees by over 90%. The industry needs to focus on revenue-generating models, Rong said. Meanwhile, Robinhood Chain’s high fees of up to $0.40 have drawn criticism, though its revenue-sharing program with Arbitrum allocates 10% of revenue to the ecosystem. The next blockchain competition may center on sustainability rather than lowest fees.
BNB Chain has altered its transaction-fee policy, moving away from prioritizing gas fee reductions. The network now views future revenue as essential for developing and maintaining blockchain infrastructure.
Nina Rong, Growth Director of BNB Chain, stated on September 6 that reducing gas fees is not a top priority for the network anymore. She emphasized that blockchain projects require a sustainable business model that allows generating revenue using gas fees and revenue-sharing.
BNB Chain had previously reduced transaction costs to 0.05 Gwei, cutting fees by more than 90% compared to earlier levels. These reductions helped attract users and developers to the network.
Rong argued that the industry must take an entirely different approach. Instead of focusing on grants and reduced transaction costs, the industry needs to focus on revenue-generating models.
The debate around transaction fees continues in the crypto space, with Robinhood Chain drawing criticism for fees of up to $0.40. Robinhood Chain operates a revenue-sharing program with the Arbitrum ecosystem, splitting 10% of its revenue: 8% to the Arbitrum DAO treasury and 2% to development.
This model allows a blockchain network to link its expansion with the broader ecosystem. Revenue sharing enables the DAO and developers to receive financial gains from chain expansion.
BNB Chain‘s strategic shift follows years of continuously cutting transaction fees. Having attracted many users through lower costs, further price reductions may offer limited additional benefit.
The next level of competition may no longer center on who charges lower gas fees. Sustainability could become the primary focus, with gas fees serving as a revenue stream for the blockchain ecosystem and its infrastructure.
