It is important to note that the word “you” means “you”. Ethereum The ecosystem has seen a drop in the gas fee, which impacts both Layer 2 and mainnet transactions.
As per Etherscan Gas TrackerAt the time of publication, the gas fees on mainnet averaged 4 Gwei, or approximately $0.21. Transactions are processed as low as three Gwei (or around $0.14).
Blockchain network has also suffered a significant decline Layer 2 solutions— including Optimism, Base, Arbitrum, and Linea— whose fees are below $0.01 per Gasfees.io data.
According to market analysts, the decrease in fee is mostly due the increase of Layer 2-scaling solutions and the adoption of blob transactions Introduction to the Dencun hard fork in March—the upgrade This has had a significant impact on the network and has helped to reduce transaction costs.
Drop in ETH Gas Fees
The lower fees mean that less ETH will be burned. network inflationary.
Data from Ethereum shows that in the last 24 hours less than 200 ETH have been burned. This has led to Ethereum’s supply increasing at a rate of 0.67%. ultrasound.money. In the past 30 days, the network has added over 60,000 ETH.
OKX Ventures said that it is a continuation of a pattern observed in the 2nd quarter where a 66.7% decline in burn rate affected ETH’s supply-demand equilibrium. The company added:
“As network activity slows and burns decrease, managing Ethereum’s supply and inflation will be crucial.”
Ethereum ETFs
The recent launch of Ethereum exchange-traded funds (ETFs) Adds complexity to Ethereum’s ecosystem
Grayscale ETHE, a spot Ethereum ETF, was approved by the SEC last week for US trading.
The products above saw an inflow of over $1 billion within their first four trading days, but this was countered by the outflow of approximately $1.5 billion from Grayscale ETHE.
But crypto analyst Koffi thinks these trends are a sign that the network has reached a plateau. “good place.” The following is a list of the most popular ways to get in touch with someone. wrote:
“The Ethereum ecosystem is affordable for end users + There’s new capital flowing into the system. I think we’re in a good place.”
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Source: cryptoslate.com