Ethereum Gas Fees Dip to Six Month Low

As non-fungible tokens (NFT) surged in popularity throughout 2021 and the beginning of 2022, gas fees skyrocketed, but are now as low as 50 gwei. Sponsored Sponsored The fees on the Ethereum blockchain reached a six-month low on March 9, 2022, according to CryptoRank. The previous low was seen in August 2021. Gas fees refer … Read more

Next Big Ethereum Upgrade Could Reduce Layer 2 Gas Fees

A recent Ethereum Improvement Proposal (EIP) put forth by network co-founder Vitalik Buterin aims to address transaction costs, one of the network’s greatest drawbacks. Sponsored Sponsored Last month, Buterin put forward EIP-4488 which aims to decrease the transaction ‘calldata.’ This could provide some short-term respite from those galloping gas fees. The primary purpose of the … Read more

Vitalik Buterin Proposes Short-Term Fix for High L2 Gas Fees

Ethereum co-founder Vitalik Buterin has put forth a proposal with Ansgar Dietrichs, a software developer for Ethereum. The proposal, called EIP-4488, is proposed as a short-term solution to the escalating gas fees experienced on Layer 2. Sponsored Sponsored The EIP4488 modification was suggested three days ago on the Ethereum Improvement Proposal GitHub repository by Buterin … Read more

Optimistic Ethereum Unveils One-Click Layer 2 Deployment

Ethereum scaling solutions provider Optimism has detailed its latest upgrade which will make deploying to Layer 2 much easier for developers. Sponsored Sponsored In a blog post on Sept 18, Optimistic Ethereum revealed that it was in the process of developing a way to deploy smart contracts onto its platform with just a click. Currently, … Read more