BNB's recent surge in price has coincided with historic gas fees on the network. BNB Chain users have spent nearly $15 million in transaction fees over the past 7 days, more than double Ethereum's $7 million and second only to Solana's $29 million, according to Nansen data. BNB Chain's gas fees represent a 388% surge from the prior period. "BSC's fees surged 114% over the past 7 days, while blockchains like Solana, Ethereum, and Base have seen negative growth," Nansen analyst Aurelie Barthere recently told The Block. "One potential catalyst for this growth could be the recent 60-day pause in Binance's legal battle with the SEC, announced [Monday]." A flurry of memecoins inspired by Binance founder Changpeng "CZ" Zhao's dog Broccoli has also spurred activity on the network, bolstering decentralized exchange PancakeSwap in turn.

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BNB Chain will prioritize memecoin transactions as gas fees surge 400%

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A surge in network traffic in February 2025, largely driven by increased memecoin trading activity, led to severe congestion on the BNB Chain. This resulted in many transactions failing to be included in blocks on time, even when users attempted to pay higher gas fees for priority processing.

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A surge in network traffic in February 2025, largely driven by increased memecoin trading activity, led to severe congestion on the BNB Chain. This resulted in many transactions failing to be included in blocks on time, even when users attempted to pay higher gas fees for priority processing.