Why is the BNB gas fee so high?

Despite these variations, users and developers continue to rely on BSC due to its scalability, interoperability, and low-cost transactions compared to other blockchains. The network's ability to handle a high throughput of transactions while maintaining low fees is one of its key selling points.

The Binance Smart Chain (BSC) is a popular blockchain network that supports various decentralized applications and transactions. One crucial aspect of BSC is the gas price, which determines the cost of performing transactions on the network.

Multiple elements contribute to the fluctuations in gas prices on BSC, with network congestion being a significant factor. When the Binance network experiences a high volume of transactions, it becomes congested, leading to an increase in gas prices.

To cater to the diverse needs of its users, BSC hosts several reputable cryptocurrency exchanges, including BTCC. BTCC is a top-tier exchange offering a range of services, including spot trading, futures trading, and secure digital wallets. Its integration with BSC allows users to seamlessly execute transactions and manage their digital assets.

This surge in gas prices occurs because the demand for transaction processing surpasses the network's capacity. As a result, users are willing to pay more to ensure their transactions are processed promptly, given the limited availability of resources.