Search results for "GAS"

Did Vitalik set a Gas limit for transactions? A detailed explanation of Ethereum's new proposal EIP-7983 and reflections on Open Source licenses.

In the context of Ethereum's Mainnet facing uneven execution efficiency and resource scheduling pressure, the EIP-7983 proposal put forward by Vitalik Buterin and Toni Wahrstaetter has entered the community discussion stage. This proposal advocates for setting a hard gas limit for each transaction, specifically 16,777,216 gas, to enhance network stability and execution efficiency. This idea has already been explored in proposals like EIP-7825, where developers attempt to introduce resource boundaries to lay the groundwork for modular development and performance optimization of Ethereum.
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Vitalik: hopes to increase Ethereum's Gas limit by 10 to 100 times.

BlockBeats news, on May 21, Ethereum co-founder Vitalik Buterin posted on social media, "I hope to increase Ethereum's gas limit by 10 to 100 times."
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Circle: Circle Paymaster now supports EOA Wallets and expands to 7 Blockchains.

Odaily News Circle announced on the X platform that Circle Paymaster now supports EOA Wallets and has expanded to 7 blockchains. Paymaster is the official solution for paying gas fees with USDC, eliminating the need to manage native tokens. EOA Wallets can now simplify on-chain transactions and are compatible with EIP-7702, allowing external accounts to pay gas fees with USDC.
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Ethereum Gas fees have risen, currently reported at 13.5 Gwei

BlockBeats news, on May 7th, according to Etherscan data, the Ethereum network Gas fee rose to 13.5 Gwei.
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Vitalik: There is currently no such thing as "ETH 3.0"

Ethereum co-founder Vitalik Buterin clarified that there is currently no 'ETH 3.0' and emphasized the focus on strengthening L1 performance. Justin Drake's five-year plan involves the consensus layer, not the execution layer. Vitalik mentioned a roadmap for improving L1 performance, cross L2 interoperability, and optimizing blob space. He pointed out that the Ethereum community needs to maintain adaptability to ensure smooth transactions on L1.
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Ethereum gas fee is currently reported at 0.353 Gwei

According to a report by Jinse Finance and data from Etherscan, the current Ethereum Gas fee is 0.353 Gwei.
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The 213th Ethereum ACDE meeting: Delay in raising Gas Limit to 60M

According to BlockBeats news on June 8, Tim Beiko summarized the 213th Ethereum execution layer core developer meeting (ACDE). This meeting mainly discussed: postponing the increase of Gas Limit to 60M (waiting for Berlinterop testing to provide specific throughput and latency data. In the worst case, it requires about 3 seconds for execution); Glamsterdam brainstorming. FOCIL.
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Hyperliquid: Deploying HIP-3, the MVP version has been launched on the Testnet.

Hyperliquid announced on the X platform that it will soon support the deployment of the HIP-3 protocol, with the MVP version already online on the Testnet. The proposal involves perpetual market features, including: a new high-performance on-chain order book, Gas fee Dutch Auction payments, and a 50% fee sharing. Deployers are required to maintain 1 million HYPE staked, and validators can participate in stake-weighted voting to reduce deployers' stakes. The deployment will be combined with HyperCore multisignature and technical details will be published in the API documentation and Python SDK.
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Ethereum network gas fees dropped to 0.298 gwei

According to a report by Jinse Finance, Etherscan data shows that the Ethereum network gas fee has dropped to 0.298 gwei.
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The value of HYPER on HyperEVM has surpassed 150 million USD, with a quantity exceeding 9.23 million pieces.

BlockBeats news, on April 13, according to on-chain data, the number of HYPER on HyperEVM is currently reported to be about 9.23 million, with a value exceeding 150 million USD, and the cumulative number of bridge users has surpassed 58,000. According to previous news, the asset transfer function between HyperCore and HyperEVM has been launched, initially supporting HYPE. HYPE, as the native Gas Token of HyperEVM, can be transferred at both ends through the system Address without the need for ERC20 contract support.
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Ethereum Gas fee is currently reported at 0.26 Gwei

According to a report by Jinse Finance and data from Etherscan, the current Ethereum Gas fee is 0.26 Gwei.
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Iranian media reported that Israel attacked Iranian oil and gas fields.

Iranian media reported that Israel attacked the energy infrastructure of the South Pars Gas Field.
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Ethereum gas fee is currently reported at 1.167 Gwei

According to a report by Jinse Finance and data from Etherscan, the Ethereum gas fee is currently reported at 1.167 Gwei.
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Ethereum Gas fee currently reported at 1.692 Gwei

According to a report by Jinse Finance, the Ethereum Gas fee is currently 1.692 Gwei according to Etherscan data.
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The Ethereum network gas fee drops below 0.6 gwei

Odaily Etherscan data shows that the current Ethereum network gas fee has dropped below 0.6 gwei and is now at 0.564 gwei.
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Gate Wallet BountyDrop has launched a new Airdrop event for Alterim AI.

Gate Wallet BountyDrop launched the Alterim AI Airdrop event on July 4th, where users can participate in tasks through the App to win rewards. At the same time, from July 4th to 10th, the Red Bull Team digital collectibles event is open, and completing the full set of collections allows participation in the grand prize draw. Gate Wallet is a multi-chain encryption wallet that supports 100+ public chains and millions of assets.
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Sonic Labs Co-Creation AC: The new client version supporting Gas subsidies is coming soon.

Odaily News Sonic Labs (formerly Fantom) co-founder Andre Cronje posted on the X platform stating that the new version of the Sonic client will be launched in the coming weeks, supporting: account abstraction, dynamic fees, and Gas subsidies. The next steps will be to build Sonic.
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Slow Fog Cosine: Resupply attackers steal assets through interest rate inflation vulnerabilities, hackers Gas from Tornado Cash.

Yuxian, the founder of Slow Mist, revealed that the decentralized stablecoin protocol Resupply has been attacked. The attacker exploited an interest rate inflation vulnerability to steal assets, borrowing a large amount of reUSD with only 1 wei of collateral. Currently, hacker funds valued at over $9.5 million have been converted to ETH.
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OpenZK Network will launch OZK stake on July 14.

On June 27, news was released that OpenZK Network will launch OZK staking on July 14, allowing users to earn network rewards and empower OZK. The launch of the staking feature will further empower the functionality of OZK, effectively increasing use cases and boosting community confidence. At the same time, OpenZK announced it will explore a dual-token gas fee model, where users can use ETH as network gas fees, and also use OZK as network gas fees, further empowering the token, with related research and development currently underway.
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Tether announced that it will soon open source a non-hosted wallet, supporting gasless transactions.

Tether is testing a non-custodial wallet template developed based on WDK, supporting cross-chain operations and gasless transactions, with no API Secret Key required from users, providing an excellent user experience. Tether plans to fully open source this template, supporting the creation of up to 1 trillion new wallets.
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Ethereum developers are considering increasing the L1 Gas limit fourfold as a key feature of the Fusaka Hard Fork.

Ethereum core developers are considering increasing the Layer 1 Gas limit by four times to 150 million in the next Hard Fork Fusaka. This move aims to expand execution capacity without requiring new features, but it needs developer guidance for testing and fixing bugs. Validators have supported raising the Gas limit, which is currently slightly below 36 million. Pectra is planned to go live in May, and Fusaka may launch by the end of 2025.
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Ethereum developers plan to increase the Fusaka Hard Fork Gas limit by four times.

According to ChainCatcher news and a report by Cointelegraph, Ethereum core developers are considering increasing the Gas limit to 150 million in the Fusaka Hard Fork, which is four times the current limit. This proposal has been put forward through EIP-9678, and developers believe it will significantly expand the execution capacity of Ethereum Layer 1.
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RAVE testnet is live, Discord members can get free test coins and GasToken

Odaily Planet Daily News RAVE posted on X platform, indicating that the testnet has officially launched. Users can enter the RAVE Discord through the official link, where Discord members can receive free test coins and gas Token.
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The first Layer 1 network based on USDT, Stable, has released its roadmap.

According to ChainCatcher news, Stable has announced a plan for a Layer 1 network based on USDT, divided into three phases: the base layer focuses on USDT and user experience, the experience layer enhances trading capabilities, and the optimization layer implements DAG-based consensus. This project supports financial institutions, and the internal Testnet has been launched.
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The first Layer 1 network based on USDT Stable has released its roadmap.

According to ChainCatcher, Stable has announced a plan for a Layer 1 network based on USDT, divided into three phases: the basic layer focuses on USDT and user experience, the experience layer enhances trading capabilities, and the optimization layer implements DAG-based consensus. This project supports financial institutions, and the internal Testnet is now live.
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The stablecoin public chain Stablechain supported by USDT is officially launched.

Odaily News According to an official post from Stable on the X platform, the USDT-backed stablecoin public chain Stablechain has been officially launched, featuring: USDT as the native Gas; ultra-low cost and instant Settlement; high-performance operation; enterprise-level security and scalability support; cross-chain composability supported by USDT0 and layerzero; developer-friendly environment; and a unified Wallet for global payments.
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15% validators support raising the Ethereum Gas limit, which may lead to an upgrade in block processing capacity.

The dashboard created by Ethereum researcher Toni Wahrstätter shows that 150,000 Ethereum validators support raising the block Gas limit to 60 million Gas units. This change is expected to increase data processing and transaction capacity per block, with 15% of validators currently expressing support, without the need for a hard fork.
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More than 150,000 Ethereum validators have expressed support for raising the block gas limit.

According to a report by Jinse Finance and The Block, data from gaslimit.pics shows that over 150,000 Ethereum validators (about 15% of the network) have expressed support for raising the block gas limit. The proposed increase in the limit aims to raise Ethereum's gas limit to 60 million units, nearly double the current limit of 36 million.
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Ethereum developers discuss the Free DA issue raised by EIP-7886 and possible solutions.

Ethereum developer @neroeth discussed "latency execution and free DA issues" in a recent article. He proposed that latency execution (EIP-7886) changes the verification process by introducing pre-verification and pre-charging mechanisms to address the problem of invalid transactions occupying resources without compensation. The article presents four solutions: optimistic verification, pre-verification, pre-charging, and no-op in the execution layer, aiming to ensure that data writing incurs costs, avoiding network congestion and economic injustice.
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Rodrigo Araújo joins Plasma as the head of the protocol engineering team.

PANews June 26 news, Rodrigo Araújo posted on X that he has joined the Plasma Foundation as the head of the protocol engineering team. He stated that although there are many interesting and exciting projects in the industry, he chose Plasma because he recognizes its vision and potential to have a positive impact globally. Rodrigo believes that the core application of blockchain should return to "funds flow," and the Plasma team is committed to building infrastructure and applications for global stablecoin payments, providing zero-fee USD₮ transfers, rapid Settlement, and customizable Gas Tokens among other features. Currently, the Plasma network has locked $1 billion USD₮ in Liquidity, the public testnet is about to go live, and the mainnet test version will be launched shortly after.
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Rodrigo Araújo joins Plasma as the head of the protocol engineering team.

PANews June 26 news, Rodrigo Araújo posted on X stating that he has joined the Plasma Foundation as the head of the protocol engineering team. He mentioned that although there are many interesting and exciting projects in the industry, he chose Plasma because he recognizes its vision and potential to have a positive impact on the world. Rodrigo believes that the core application of blockchain should return to "funds flow," and the Plasma team is committed to building infrastructure and applications for global stablecoin payments, providing zero-fee USD₮ transfers, rapid Settlement, and customizable Gas Tokens. Currently, the Plasma network has locked in $1 billion USD₮ in Liquidity, the public test network is about to go live, and the Mainnet beta will soon follow.
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A single transaction on the Bitcoin network has a GAS fee of up to 1 BTC.

According to BlockBeats news on May 22, mempool data shows that a single transaction with a GAS fee of up to 1BTC occurred 6 minutes ago on the Bitcoin network, appearing in the latest Block 897818.
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BNB Chain: Is collaborating with MetaMask to fix the transaction failure issue when setting the Gas fee below 1 gwei.

Golden Finance reports that BNB Chain stated on the X platform that some users experience transaction failures or stalls when setting the gas fee in MetaMask to < 1 gwei. They are currently collaborating with the MetaMask team to fix this issue. A temporary solution is to disable the smart trade feature. This problem only affects certain system environments, but disabling the smart trade feature has successfully resolved most cases.
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The Gas fee of the BNB Smart Chain has been reduced to 0.1 Gwei, down from the previous 1/10.

PANews, May 8 news, Bscscan data shows that the Gas fee of BNB Smart Chain has been reduced from 1 Gwei to 0.1 Gwei, decreasing to 1/10 of the previous amount.
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BSC on-chain Gas has been reduced from 1 Gwei to 0.1 Gwei.

Odaily News According to BscScan data, the on-chain Gas on BSC has been reduced from 1Gwei to 0.1Gwei, decreasing to one-tenth of the previous amount.
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Linea: Users transferring assets from Ethereum to Linea will be exempt from Gas fees.

Golden Finance reported that Linea tweeted that users transferring assets from Ethereum to Linea will be exempt from Gas fees. However, there are the following restrictions: applicable only to L1 to L2 transactions, covering transactions with Gas below 250,000, excluding USDC cross-chain, and users still need to pay the Gas fees for L1 transactions.
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Linea: Users transferring assets from Ethereum to Linea will be exempt from Gas fees.

ChainCatcher message, Linea tweeted that users transferring assets from Ethereum to Linea will be exempt from Gas fees. However, there are the following limitations: applicable only for L1 to L2 transactions, covering transactions with Gas below 250,000, excluding USDC cross-chain, and users still need to pay the Gas fees for L1 transactions.
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Bedrock will distribute BABY Airdrop to users who bind their Babylon Wallet.

Odaily News According to official news, Bedrock will distribute BABY Airdrop to users who have linked their Babylon Wallet. Users must link a valid BABY Wallet by April 10 at 11 AM (UTC) to participate in the first round of the Airdrop. Users who have not linked their Wallet can link their BABY Wallet before May 10, with distribution dates from April 14 to May 30, and the collection will not require Gas fees.
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Gate.io has launched Bedrock (BR) spot trading and initiated HODLer Airdrop.

Gate.io announced that it will launch Bedrock (BR) spot trading on March 20, 2025, at 21:00, and will kick off the HODLer Airdrop event. Holding 1 GT allows participation in the free airdrop, with a total of 960,000 BR tokens available for distribution, and the individual participation limit is 1,000 GT. In addition, the pre-deposit for Bedrock (BR) has now started, and users can share a prize pool of 1,800,000 BR with zero Gas fees for deposits.
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Nethermind client v1.31.6 is officially launched, raising the Gas limit of Holesky to 60M.

Golden Finance reports that the Ethereum client Nethermind announced on platform X that Nethermind client v1.31.6 is officially online. This update introduces Hoodi support (a new public Ethereum Testnet) and raises the Gas limit for Holesky to 60M.
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Ethereum's Dencun upgrade has been a year apart, with average Gas fees dropping by 95%

The important Dencun upgrade of the Ethereum network has led to a 95% drop in Gas fees, a key move to enhance scalability and drop Transaction Cost. By combining the Cancun and Deneb upgrades and introducing 9 EIPs, Gas fees on the Ethereum network have dropped from 72 gwei to just 2.7 gwei, bringing significant impact to network improvements.
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Analyst: ETH/BTC closed lower on 78% of trading days, ETH is being repriced as "gas fee Token"

Golden Finance reported that the encryption analyst Checkmate wrote on X platform, stating that the ETH/BTC trading pair has been in a downtrend for 78% of the trading days. Ethereum is re-evaluating and returning to its core demand attribute as a "gas fee Token". Checkmate means: "Think about the total gas fees you have consumed throughout your entire encryption market career, and compare it to the historical peak level of the Token you hold. Even those who have hardly touched encryption currencies, the Token you may hold could be 10 to 100 times the actual gas fee demand."
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Starknet: v0.13.4 has been launched on the testnet, and is expected to be deployed on Mainnet between March 17-24

Odaily Planet Daily News Starknet announced on the X platform that Starknet v0.13.4 is now online on the testnet. This version will achieve faster Smart Contract execution with Cairo-Native, ensure accurate L2 gas transaction fees, compress states to reduce storage costs, and the new version will enter the Mainnet in a few weeks (expected arrival time: March 17th to 24th).
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The Axelar network upgrade has been completed, introducing a mechanism for burning transfer gas fees (AXL)

BlockBeats news, on February 21st, according to official sources, the planned network upgrade for Axelar has been successfully completed. The Axelar network, Satellite, cross-chain interaction Token service, Relay service, Token transfer, and general message delivery have been restored online. The Gas fees for Axelar network transfers (AXL Token) are now sent to the destruction Address instead of being allocated to Token holders.
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Ethereum network Gas fee rises to 25 gwei

BlockBeats news, on June 23, according to Etherscan data, the Gas fee on the Ethereum network rose to 25 gwei.
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Vitalik proposed a new type of partial stateless Node scheme to optimize the scaling roadmap.

Vitalik Buterin has released a proposal to adjust the Ethereum scalability roadmap, introducing the concept of stateless nodes to optimize node decentralization. The plan includes shortening the data storage duration for nodes, building a distributed historical storage solution, and adjusting the gas pricing mechanism. These adjustments are expected to ensure the feasibility of individual nodes while maintaining the decentralization of the Ethereum network amid increased L1 gas limits.
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An Ethereum Foundation researcher has proposed to increase the Ethereum gas limit by 100 times over the next 4 years.

Ethereum Foundation researchers have proposed EIP-9698, which plans to gradually increase the gas limit over the next four years, aiming to boost Ethereum's TPS to 2000 transactions. This move allows node operators time for optimization and is an important advancement following the increase in gas limit in February. Meanwhile, developers are testing the EIP-9678 proposal, which aims to achieve a fourfold increase in the gas limit ahead of schedule.
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At the current gas level, the average transfer fee for Ethereum has dropped to about $0.01.

Odaily News Etherscan data shows that the average gas fee on the Ethereum Mainnet has dropped to 0.297 gwei, and the average transfer fee has fallen to about 0.01 dollars at the current fee level.
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Ethereum gas fees soared to 113 Gwei

According to BlockBeats news on April 7th, the Ethereum Gas fees have surged, currently reported at 113.327 Gwei, according to Etherscan data.
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Ether developers will launch the Pectra test on Holesky

ETH Workshop Pectra has been upgraded to the Holesky testnet with new account abstractions, support for Layer 2 extensions, and improved validators experience. Notable changes include EIP-3074, which allows EOA to perform bulk transactions and sponsored gas, while increasing blob capacity by 50%. This is a crucial step towards account abstraction.
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