Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

Ethereum L1 transaction volume hits a record high, Gas fees are at a low point

MeNews
robot
Abstract generation in progress
ME News Report, May 24 (UTC+8), the fundamentals of the Ethereum network continue to strengthen. Token Terminal data shows that Ethereum L1 transaction volume has hit a new all-time high, while on-chain transaction fees have dropped to the lowest level in history. It has been disclosed that the Glamsterdam upgrade has reduced transaction fees by approximately 78%, while the network successfully absorbed the impact of the cost reduction without losing users.
Additionally, currently 32.4% of ETH is staked, also a record high, indicating long-term market holding and increasing participation in network security. Although the market still frequently bearish on ETH, multiple on-chain data suggest that Ethereum's current fundamentals may be among the strongest in history. (Source: ODAILY)
ETH-1.25%
L1-1.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • 1
  • Share
Comment
Add a comment
Add a comment
OutsiderOfZhiyuandao
· 11h ago
L1 competes with itself, L2 is under more pressure
View OriginalReply0
MirrorBallGazingAtTheSky
· 11h ago
The strongest fundamentals in history paired with the lowest sentiment in history; this contrast is quite classic.
View OriginalReply0
GateUser-8f9ccfec
· 12h ago
Users who haven't churned can also bear the cost reduction, this translation is a bit convoluted, but the meaning is that it's cheap enough that no one leaves, right?
View OriginalReply0
StakingDaydreamer
· 12h ago
Who named Glamsterdam? It sounds like an upgraded nightclub.
View OriginalReply0
HotAirBalloonViewing
· 12h ago
Gas fees have dropped by 78%, which is really awesome. Recently, I’ve been too lazy to check the costs during interactions.
View OriginalReply0
0xTeaTime
· 12h ago
A 32.4% staking rate is a bit outrageous, which indicates that big players are really locking up their tokens.
View OriginalReply0
GateUser-44dde53b
· 13h ago
Record high trading volume + record low fees, this combination was never even dared to be imagined before
View OriginalReply0
DegenWithNotebook
· 13h ago
The fundamentals are so strong, why is the price still stuck on the ground? Has the market gone blind?
View OriginalReply0

  • Pinned

Sitemap