Close Menu
    What's Hot

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » BNB Chain Upgrades Network to Address Increasing Gas Fees During Memecoin Surge
    Blockchain

    BNB Chain Upgrades Network to Address Increasing Gas Fees During Memecoin Surge

    By adminFeb. 16, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    BNB Chain Upgrades Network to Address Increasing Gas Fees During Memecoin Surge
    BNB Chain Upgrades Network to Address Increasing Gas Fees During Memecoin Surge
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.

    READ MORE:

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleArgentina’s President Supports New Cryptocurrency, Yet Its Price Plummets by 90%
    Next Article Analyst Suggests Altcoin Rally Remains Possible in 2025 Despite Market Concerns

    Related Posts

    Chainlink Launches Real-time Data Streams for U.S. Equities and ETFs to Facilitate Onchain Real-World Asset Markets

    Aug. 5, 2025

    Cardano Community Endorses Landmark Treasury Vote to Finance Core Network Enhancements

    Aug. 3, 2025

    David Schwartz Personally Finances Infrastructure Upgrade for XRP Ledger Amid Surge in XRPL Activity

    Aug. 2, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    Don't Miss

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Bitcoin Aug. 11, 2025

    Michael Saylor’s Strategy has once again increased its Bitcoin reserves, adding a smaller but nota…

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025

    SUI Targets $7 as Support Level Remains Strong

    Aug. 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.