🚀 Vitalik Advocates for Trustless On-Chain Gas Futures Market
#Vitalik #Trustless #OnChain #GasFutures #PredictionMarket #BASEFEE #TransactionFees #BAL #ePBS #ZKEVM #GasLimit #PriceForecasts #Hedge #Crypto #ETH
According to Odaily, Vitalik has expressed on social media the urgent need for a 'trustless on-chain gas futures market,' akin to a 'prediction market for BASE FEE,' to address user uncertainty regarding future transaction fees. He highlighted concerns that while current on-chain fees are low, they could rise significantly in two years. Although proposed solutions like BAL, ePBS, and future ZK-EVM scaling paths could increase the gas limit, the market still desires clearer price forecasts.
Vitalik believes that establishing on-chain gas futures tools could provide the market with clear signals about future transaction fees, allowing users to hedge against potential gas costs and effectively lock in fee expenditures for specific time periods.#Vitalik #Trustless #OnChain #GasFutures #PredictionMarket #BASEFEE #TransactionFees #BAL #ePBS #ZKEVM #GasLimit #PriceForecasts #Hedge #Crypto #ETH
🚀 Blob Gas Prices Surge Post-Fusaka Upgrade, Base Fees Remain Low
#BlobGasPrices #FusakaUpgrade #BaseFee #EIPProposal #Layer2Projects #CostPredictability #PriceVolatility
According to BlockBeats, Tom Wan, Head of Data at Entropy Advisors, shared on social media that despite the exponential rise in average Blob Gas prices following the Fusaka upgrade, with most prices remaining at 1 wei, the Blob base fee continues to be extremely low, approximately $0.03.
Additionally, the EIP proposal offers another advantage: enhanced predictability and reduced volatility of Blob prices. This allows Layer 2 projects and institutions to more easily estimate costs.#BlobGasPrices #FusakaUpgrade #BaseFee #EIPProposal #Layer2Projects #CostPredictability #PriceVolatility