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Binance founder Changpeng ‘CZ’ Zhao suggests lowering BSC Chain gas fees by three to 10 times its current rate. In a recent X post on May 7, the former Binance CEO proposed lowering gas fees on the BSC Chain to his followers. According to data from Y Charts, BSC Chain’s average gas price sits at 2.163 Gwei, down 3.91% from yesterday’s average which was at 2.251 Gwei. Compared to last year, BSC Chain’s gas fee has gone down 41.40% from 3.691 Gwei. In the context of BSC Chain, Gwei is a unit of BNB ( BNB ) used to measure gas fees, similar to how it’s used on Ethereum ( ETH ). It’s essentially a standardized unit used to measure the cost of processing transactions on the network. One Gwei is equal to around 0.000000001 BNB. “Let’s reduce BSC gas fees? by 3x, 10x?” wrote Zhao on his official account. His prompt was met with mixed reception, as some traders on X urged the current head of YZi Labs to waive gas fees entirely. In response, the Binance founder said that deploying zero gas fees would be out of the question, considering the network would still need to support validators and builders. “Lots of spam, and also need to consider validators and builders,” said Zhao. On the other hand, many traders argued that the current gas fee rate on BSC Chain is already so low that it does not feel like much of a hinderance to them. According to Dune analytics, BSC Chain has one of the lowest gas fees among Layer 1 networks. In the past seven days, BSC Chain has accumulated an average gas fee of $0.093 and a median gas fee of $0.034. Meanwhile, Ethereum’s average gas fee stands at $0.34 and its median gas fee is currently at $0.088. Avalanche’s ( AVAX ) average gas fee is reportedly lower than both BSC Chain and Ethereum, as it stands at $0.022. Avalanche’s median gas fee is measured at $0.002. Based on Dune’s data, Solana ( SOL ) and Polygon ( POL ) boast the lowest gas fees compared to other Layer 1s, with Polygon’s average gas fee measured at $0.003 and its median gas fee at $0.001. Solana shares the same median gas fee rate as Polygon, with an average gas fee recorded at $0.019.

Doodles Announces Solana and BSC Ecosystem Projects Eligible for DOOD Token Airdrop

Doodles announced Solana and BSC ecosystem projects with DOOD airdrop qualifications, including Bonk, ElizaOS, etc. NFT project doodles announced Solana and BSC ecological projects with DOOD token airdrop qualifications. It is reported that 13% of the total supply of DOOD tokens will be allocated to communities that are consistent with doodles' mission and values, including: 1. BonkBot - the top 50 active users ranked by transaction volume; 2. Bonk - the top 2,500 wallets in the Bonk rewards program; 3. drip.haus - active DRiP creators from January 1 to March 5, and some holders of Doodles Collectibles on DRiP; 4. Solana Mobile - pre-orderers of Solana Mobile Chapter2; 5. Vector - the top 2,500 wallets based on Broadcast Volume; 6. Helius - the top 5,000 Helius staking users. 7. ElizaOS - ElizaOS contributors; 8. The Pond - NFT holders (snapshot taken on May 6); 9. Selected BSC communities (TST, Mubarak, Babydoge, Broccoli714, Koma Inu) claims will be directly managed by their respective projects.

The Solana price climbed toward $146.50 in early trading on May 8, recovering from a short-lived dip below the $144.50 zone. This rebound followed a bullish engulfing candle on the lower timeframes and an intraday push above the 20 and 50 EMAs. However, price action stalled under the $149 resistance — previously a failed breakout zone on May 7. This suggests market hesitation near the upper boundary of the current consolidation range. On the daily scale, SOL remains in a mild uptrend supported by the 200 EMA near $140.89. Still, buyers must clear the 23.6% Fibonacci retracement level at $155.43 (from the November 2023 high to the March 2024 low) to confirm a broader bullish continuation. Short-term momentum is losing steam as RSI on the 15-minute chart hovers near 40 after peaking above 70 on May 7. Meanwhile, MACD has crossed below its signal line with fading histogram strength, implying weakening bullish pressure. On the 4-hour chart, Solana price action shows rejection from trendline resistance, while the Stochastic RSI is turning from oversold — a potential setup for sideways consolidation. Keltner Channels and Bollinger Bands are both narrowing, pointing to Solana price volatility compression. When volatility tightens like this, a breakout is likely. But as of now, SOL is consolidating between $144.50 and $149.30, and the bias remains neutral unless a clean break occurs. The dip from $149.28 seen earlier today appears to be driven by intraday profit booking after an impulsive rally from $141.65. The bounce was triggered by a retest of the ascending trendline support on the 15-minute chart and short-term bullish divergence on RSI. However, sellers re-entered near the red resistance zone just below $150 — a region that aligns with both previous supply and trendline confluence. Thus, the Solana price today reflects a mix of intraday bullish structure facing mid-range overhead resistance. Why Solana price going down today may be attributed to this exhaustion at $149 and lack of broader market strength across altcoins. The immediate support lies at $144.56 (EMA 100 on 15-min and trendline base). If this level holds, SOL could stage another test of $149. Beyond this, a clean breakout would open the door to $155.43 (Fibonacci 0.236), which is the first significant weekly resistance. On the flip side, if $144.50 breaks, downside risk extends toward $141.65 and $140.89 (EMA 200 on the 4-hour chart). From a broader perspective, the weekly Fibonacci chart highlights a critical cluster between $155 and $183, which remains the long-term upside target if bulls regain momentum. Read Also: Solana (SOL) Price Prediction May 2025 Solana price is currently trapped in a narrowing range, with compression zones forming on multiple timeframes. While bulls have defended key support zones near $144, the failure to reclaim $149 decisively leaves SOL vulnerable to further pullbacks. Unless buyers break above the downtrend line and reclaim $150+, the current Solana price action is likely to stay choppy. For now, traders should watch the $144–$149 band closely, with volatility likely to expand into May 9. If the price closes above $149 with strong volume, a move toward $155 becomes more probable. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Moonshot is launched on urmom, and the current market value of urmom is about 14.24 million US dollars Moonshot announced the launch of the new Solana chain urmom (urmom). GMGN data shows that urmom’s current market value is approximately US$14.24 million, with a 24-hour increase of 280%.