Binance founder Changpeng Zhao, known as CZ, is making a bold move in the Layer-1 space. He has proposed reducing BNB Chain gas fees by an astounding 10x. This drastic change poses a direct challenge to Ethereum, which has faced criticism for its high transaction costs, and Solana, renowned for its lightning-fast transactions at low fees. By slashing gas fees, Binance could attract more users to its platform, shaking up the competitive landscape in the crypto sphere. Investors and traders alike should keep a close eye on how this proposed fee reduction will shift user preferences and impact market dynamics in the ongoing race among blockchain platforms.