BNB Chain Executive: Lowering Gas Fees Is No Longer the Top Priority

iconChaincatcher
Share
AI summary iconSummary
BNB Chain Executive: Lowering Gas Fees Is No Longer the Top Priority. On-chain news highlights Nina Rong’s remarks on the importance of sustainable business models over fee reductions. She emphasized that public blockchains should prioritize revenue reinvestment for long-term growth. Top altcoin news reflects a shift in focus from gas fee reduction to commercial structures. Blockchain companies must establish robust financial frameworks to support future development.

ChainCatcher report: Nina Rong, Executive Director of Growth at BNB Chain, commented on the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Toly regarding the fee model of Robinhood Chain: “Continuing to push gas fees lower is no longer the top priority for the blockchain industry. The real priority for all public blockchains today is to establish sustainable business models and reinvest revenues into technology and growth. This business model can take the form of gas fees, revenue sharing, or other types of commercial partnerships. Over the past five years, blockchain foundations have largely been perceived as doing two things: issuing grants and making investments, and lowering gas fees. If blockchain companies want to thrive for another five years, they must build solid business structures.”

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.