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Is ERC-4337 Changing Smart Accounts, or Having Trouble Getting Started? 🥺
#Ethereum 's account abstraction advocate, John Rising, shared disappointing figures revealing low adoption rates.
Only 6.89% of initial smart accounts lasted over six months. Bundlers, vital for smart accounts, faced profitability issues despite increased #gas payments.
However, some, like Jesse Pollak of Coinbase, believe in gradual but positive growth. August saw a peak of 420,000 active smart accounts, but by October, it declined to 143,000. The question remains: Will #ERC-4337 truly transform smart accounts or face continued challenges in gaining traction?
#Binance
#crypto2023
#Ethereum 's account abstraction advocate, John Rising, shared disappointing figures revealing low adoption rates.
Only 6.89% of initial smart accounts lasted over six months. Bundlers, vital for smart accounts, faced profitability issues despite increased #gas payments.
However, some, like Jesse Pollak of Coinbase, believe in gradual but positive growth. August saw a peak of 420,000 active smart accounts, but by October, it declined to 143,000. The question remains: Will #ERC-4337 truly transform smart accounts or face continued challenges in gaining traction?
#Binance
#crypto2023
#gas #HotTrends #NEAR #BTC Bro @syedzada Amir you message me to gas reach 30$ is you say gas reach 30$ this week INSHALLAH
$GAS 🚨🚨🚨
🔔Be carefull negative funding rate: -2% (15 min countdown NOW!)
It means that shorters will pay for a LOT long holders! 🚨
➡️Price manipulation will be insane!
📌Here is an example for you to understand the funding rate arbitrage:
-If I open a 1000$ x 10 leverage position.
-Total margin = 10 000 USDT
-In that case in 26 minute, I will have to pay 2% fee out of the 10K margin!
2% of 10K = 200$ ==> 20% of your initial invested amount!!!!! 🚨🚨🚨
➡️Here is high, no one is willing to stay in long🚨!
We will more likely see a final pump, following by a huge dump just before the countdown and a new rally after! 📈📉📉📉📉📈📈📈📈📈
#gas #crypto #trading #BTC #sol
🔔Be carefull negative funding rate: -2% (15 min countdown NOW!)
It means that shorters will pay for a LOT long holders! 🚨
➡️Price manipulation will be insane!
📌Here is an example for you to understand the funding rate arbitrage:
-If I open a 1000$ x 10 leverage position.
-Total margin = 10 000 USDT
-In that case in 26 minute, I will have to pay 2% fee out of the 10K margin!
2% of 10K = 200$ ==> 20% of your initial invested amount!!!!! 🚨🚨🚨
➡️Here is high, no one is willing to stay in long🚨!
We will more likely see a final pump, following by a huge dump just before the countdown and a new rally after! 📈📉📉📉📉📈📈📈📈📈
#gas #crypto #trading #BTC #sol
BNB Chain is helping make blockchain technology more affordable and accessible, which is awesome for everyone.
#BNBChain #Binance #bnbgreenfield #gas
#BNBChain #Binance #bnbgreenfield #gas
Changing Ethereum [ETH] gas prices and its rippling impact: All you need to know
Ethereum gas fees begins to decline after memecoin hype pushes it to new heights.ETH’s prices remain stable, velocity begins to surge.
Ethereum’s gas prices declined, while interest in Ethereum NFTs waned as well.
ETH’s price remained unaffected despite the beacon chain mishap.
Ethereum’s [ETH] high gas prices have always been a subject of discussion in the crypto sector. Over the last few days, due to the hype around memecoins, gas prices on the Ethereum network surged.
However, after the memecoin hype died down, gas fees on Ethereum declined. Over the last few days, the average gas price paid by Ethereum users fell from 155.84 ETH to 77.85 ETH.
Source: Y charts
How was ETH impacted?
This decline in gas prices could attract more users to the Ethereum network. Inasmuch, an increase in activity was observed.
However, at press time, activity on the Ethereum network declined, as indicated by the low gas usage on the network. Another indicator of low activity was the decline in NFT trades.
Source: Santiment
The decline in gas prices could thus improve the sentiment around Ethereum. Due to the beacon chain debacle, people’s perception of the protocol has turned negative.
Some bumps in the road
Developers have come out and explained the reasons as to why the issues on the network occurred. According to one of the developers, Potuz, the Ethereum network experienced a 25-minute loss of finality due to several valid but untimely attestations being broadcast. This stressed consensus clients, especially those on weaker hardware, causing them to struggle while following the chain.
To address this issue, Prysm has released a fix that ignores attestations with known old targets to prevent CPU stress and memory bloat. This maintains safety, as the ignored attestations will be processed as soon as the chain is seen.
These developments didn’t have an immense impact on ETH’s price. In the past few days, ETH’s prices remained relatively stable. The velocity of ETH, during this period, increased, suggesting that the frequency with which ETH was being traded grew.
However, network growth fell, indicating that interest in new addresses in ETH had fallen.
Source: Santiment
source: ambcrypto
image source: ai
#ETH #Ethereum #gas #marketcap #BTC
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Ethereum’s gas prices declined, while interest in Ethereum NFTs waned as well.
ETH’s price remained unaffected despite the beacon chain mishap.
Ethereum’s [ETH] high gas prices have always been a subject of discussion in the crypto sector. Over the last few days, due to the hype around memecoins, gas prices on the Ethereum network surged.
However, after the memecoin hype died down, gas fees on Ethereum declined. Over the last few days, the average gas price paid by Ethereum users fell from 155.84 ETH to 77.85 ETH.
Source: Y charts
How was ETH impacted?
This decline in gas prices could attract more users to the Ethereum network. Inasmuch, an increase in activity was observed.
However, at press time, activity on the Ethereum network declined, as indicated by the low gas usage on the network. Another indicator of low activity was the decline in NFT trades.
Source: Santiment
The decline in gas prices could thus improve the sentiment around Ethereum. Due to the beacon chain debacle, people’s perception of the protocol has turned negative.
Some bumps in the road
Developers have come out and explained the reasons as to why the issues on the network occurred. According to one of the developers, Potuz, the Ethereum network experienced a 25-minute loss of finality due to several valid but untimely attestations being broadcast. This stressed consensus clients, especially those on weaker hardware, causing them to struggle while following the chain.
To address this issue, Prysm has released a fix that ignores attestations with known old targets to prevent CPU stress and memory bloat. This maintains safety, as the ignored attestations will be processed as soon as the chain is seen.
These developments didn’t have an immense impact on ETH’s price. In the past few days, ETH’s prices remained relatively stable. The velocity of ETH, during this period, increased, suggesting that the frequency with which ETH was being traded grew.
However, network growth fell, indicating that interest in new addresses in ETH had fallen.
Source: Santiment
source: ambcrypto
image source: ai
#ETH #Ethereum #gas #marketcap #BTC
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Could Bitcoin Reach $80,000 in 2024? 😱
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
#Binance
#crypto2023
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
#Binance
#crypto2023
$GAS is currently testing the support
level.
have to pay attention closely .
It can break down or can go up at this moment .
#GASMarketUpdate #gas #BTC #bitcoinhalving #Poloniex
level.
have to pay attention closely .
It can break down or can go up at this moment .
#GASMarketUpdate #gas #BTC #bitcoinhalving #Poloniex
WHY #gas COIN PUMPING ?
The recent pump in Gas coin can be attributed to the announcement from Neo founder Da Hongfei about plans to create an Ethereum Virtual Machine (EVM)-compatible sidechain for Neo. This development increases the utility of both the Neo and Gas tokens, which has likely sparked speculation and contributed to the significant price increase.
When considering a trading strategy for Gas, it's important to note that opposing the market trend can be risky. Gas has reached its all-time high (ATH), and it's essential to be cautious when trading at such levels. Opening a long position with a high-risk appetite may be an option, but always use a Stop Loss (SL) to manage potential losses, as you've mentioned with a $4.8 SL. Keep a close eye on market conditions and be prepared for potential volatility.
#Meme #etf #gbtc
The recent pump in Gas coin can be attributed to the announcement from Neo founder Da Hongfei about plans to create an Ethereum Virtual Machine (EVM)-compatible sidechain for Neo. This development increases the utility of both the Neo and Gas tokens, which has likely sparked speculation and contributed to the significant price increase.
When considering a trading strategy for Gas, it's important to note that opposing the market trend can be risky. Gas has reached its all-time high (ATH), and it's essential to be cautious when trading at such levels. Opening a long position with a high-risk appetite may be an option, but always use a Stop Loss (SL) to manage potential losses, as you've mentioned with a $4.8 SL. Keep a close eye on market conditions and be prepared for potential volatility.
#Meme #etf #gbtc
