BNB Chain has made a significant announcement regarding the extension of their Gas-Free Carnival until July 31, 2025. This initiative allows users to enjoy zero-fee transfers for stablecoins, specifically USDT and USD1, across major centralized exchanges and wallets.
BNB Chain has seen remarkable success in stablecoin transaction volume and monthly active users, leading all blockchains in this aspect. With over $10 billion in stablecoin market cap, the platform’s growth is largely attributed to the convenience and cost-effectiveness of gas-free transfers introduced since September 2024. To date, BNB Chain has covered more than $4 million in gas fees, making it easier for new users to join the ecosystem.
The extended Gas-Free Carnival focuses on popular stablecoins USDT and USD1, offering zero-fee withdrawals from major exchanges such as Binance, Bitget, HTX, and MEXC. Additionally, gas-free wallet transfers can be conducted through platforms like Binance Wallet, Trust Wallet, and SafePal. Cross-chain gas-free bridging is also available via partners like Celer cBridge and Meson.fi, enabling seamless transfers across networks like Ethereum, Arbitrum, Polygon, and Avalanche.
USD1, a stablecoin launched by World Liberty Financial (WLFI) with significant backing from UAE investment, has gained traction on the BNB Chain. Over 90% of USD1’s supply is deployed natively on the platform, with plans to integrate into commercial payments, treasury systems, and DeFi tools.
The introduction of gas-free transfers has not only simplified stablecoin transactions but has also facilitated user engagement with DeFi protocols like PancakeSwap, Lista, Aave, Uniswap, Kinza Finance, Thena, and Aster. Users can now stake, yield farm, and participate in liquidity pools with USDT and USD1 without incurring network fees, creating a seamless DeFi experience.
PancakeSwap, BNB Chain’s flagship decentralized exchange, has seen record-breaking daily volume, surpassing $2.7 billion in a single day and over $104 billion in May 2025. This surge in activity has propelled BNB Chain to command 45% of all memecoin DEX volume, driving daily transactions from 6 million to over 15 million and nearing 2 million daily active addresses.
Institutional backing has further strengthened the BNB ecosystem, with Nano Labs announcing a $500 million convertible notes deal to build a $1 billion BNB treasury. Build & Build Corporation and Baanx have also unveiled plans to manage $100 million BNB treasury and integrate BNB into the Crypto Life Card, allowing users to spend BNB at over 100 million merchants worldwide.
Overall, BNB Chain’s Gas-Free Carnival extension and strategic partnerships demonstrate the platform’s commitment to driving adoption, facilitating seamless transactions, and solidifying its position as a leading blockchain network for stablecoin usage and user growth.