Due to speculators trading meme tokens in the cryptocurrency network BNB Chain, developed by the exchange Binance, the average commission increased sevenfold.
On February 5, before the hype around meme-based digital assets began, the transaction processing fee in BNB Chain had to pay an average of $0,057. Then this figure began to rise rapidly until it reached its highest value since March 2024 at $0,402, thus increasing sevenfold in nine days.
Change in the average commission for making transfers on the network BNB Chain
February 15 developers BNB Chain released an update to optimize the blockchain during periods of high user activity. The upgrade increased the efficiency of the block-building process by increasing the chances of the most productive validators to be eligible to confirm transactions. The update has already had an effect, as the average fee fell by 35% to $0,263 on Saturday.
One of the culprits behind the increase in commission is BNB Chain turned token- CZ’S Dog (BROCCOLI) meme, dedicated to the dog of the former leader Binance Changpeng Zhao, nicknamed Broccoli. After listing on decentralized exchanges, this coin more than doubled in price, but then its rate began to fall and has fallen by 40% over the past XNUMX hours. However, one successful trader managed to earn $7 million by investing only 1 BNB (BNB) worth $660 in BROCCOLI.