BNB Chain has seen a surge in gas fees, collecting nearly $15 million over the past seven days. Memecoins are the main driver of transaction volume on the network

BNB Chain has seen a dramatic surge in gas fee accumulation, collecting nearly $15 million ($14,846,23) over the past seven days, marking a 400% increase compared to the previous period.

This figure positions BNB Chain as the second-highest in gas fee revenue, trailing only behind Solana, which recorded $29 million in transaction fees.

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The spike in gas fees has been attributed to heightened speculation surrounding memecoins, which has driven transaction volume on the network.

To accommodate this influx and prevent transaction failures, BNB Chain has introduced a network optimization designed to prioritize transactions that interact with time-sensitive contracts, such as those related to memecoin trading.

www.bnbchain.org/en/blog/bscs-growing-pains-optimization-for-traffic-spikes

Under the previous system, BNB Chain validators would stop evaluating bids once the block limit was reached, leading to instances where high-value transactions failed to be included in a block despite increased gas fees.

The latest upgrade allows validators to gather more bids within the same three-second window, increasing the likelihood that high-priority transactions are executed ahead of lower-priority ones.

According to data from Nansen, BNB Chain’s gas fees have now surpassed Ethereum’s, which collected approximately $7 million in the same timeframe.

This surge in transaction fees coincides with a broader market trend, where BNB Chain recorded a 388% increase in gas fees compared to the prior period.

Nansen analyst Aurelie Barthere suggested that one of the key factors behind this growth could be Binance's recent 60-day pause in its legal battle with the U.S. Securities and Exchange Commission (SEC), which may have encouraged more trading activity on the platform.

Additionally, a new wave of memecoins inspired by Binance founder Changpeng "CZ" Zhao’s dog, Broccoli, has contributed to heightened activity, particularly on the decentralized exchange PancakeSwap.

The prioritization of memecoin transactions signals BNB Chain’s response to the growing demand for rapid, high-stakes trading.

With speculation continuing to fuel activity, it remains to be seen how this optimization will shape network performance in the long run. Meanwhile, Binance CEO CZ Zhao remains optimistic, hinting at further developments with his post on X: "More to come. Build!".