List of Flash News about gas token
Time | Details |
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2025-08-12 23:35 |
USDC Gas Token Warning: Privately Controlled Chains Could Brick Accounts, Elevating Custody Risk for Traders
According to @alice_und_bob, using USDC as the gas token on a privately controlled chain creates a centralized choke point that could allow operators to brick or freeze accounts, heightening custody and censorship risk for users, source: @alice_und_bob on X, August 12, 2025. According to @alice_und_bob, traders should avoid parking capital on such networks due to potential loss of access and execution risk and factor a risk premium or shift liquidity when assessing exposure, source: @alice_und_bob on X, August 12, 2025. |
2025-06-01 10:29 |
BNB Token Powers BNB Chain: Essential Gas Token Like Ethereum’s ETH for DeFi Traders
According to Cas Abbé, BNB is the sole token powering the BNB Chain and functions as the gas token, similar to how ETH operates on Ethereum. This means all transactions and smart contract executions on the BNB Chain require BNB for network fees, making BNB critical for DeFi activity, cross-chain swaps, and NFT trading on this blockchain. Traders should monitor BNB’s on-chain activity and fee dynamics as these impact both transaction costs and the broader crypto market liquidity. Source: Cas Abbé on Twitter (June 1, 2025). |