Ethereum Foundation researcher: Ethereum daily revenue may reach $1 billion within 10 years

Odaily Planet Daily News: In the latest semi annual AMA of the Ethereum Foundation, researchers responded to questions about Ethereum scalability, Layer 1 revenue, and security. EF researcher Justin Drake revealed that the first phase of the Pectra upgrade is expected to be launched in the coming months, with a focus on improving data availability. It is expected to significantly increase the number of Blob transactions, from 3 to 6 per block, and is expected to greatly impact the Blob fee market. Although some in the Ethereum community are calling for an increase in the "base fee" for blob, researchers at the Ethereum Foundation generally believe that this is a short-sighted idea. Drake said, "I expect Ethereum's TPS to reach 10 million (approximately 100 transactions per person per day) within about 10 years, and even if each transaction costs $0.001, the daily revenue will reach $1 billion One of the goals of the Pectra upgrade is to enhance Ethereum's economic position, particularly by promoting the adoption of "native Rollup" to reduce the dependence of L2 solutions on Layer 1. Vitalik Buterin stated that Ethereum's goal is to maintain the neutrality of the network. Researchers emphasize that in the future, as networks expand, the demand for data availability will exceed supply, and future expansion plans such as Danksharding will help balance this gap. In addition, EF has also opened a bug bounty of $2 million to encourage the community to conduct stress testing on hard forks to ensure the security of Pectra upgrades. （The Block）