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Ethereum transaction fees drop to historic lows as transaction volume remains stable

2025-04-04 21:05

Ethereum’s transaction fees have dropped to historic lows due to EIP-4844 and growing Layer 2 adoption, slashing costs for users while maintaining stable transaction volumes. The following is an excerpt from The Block’s Data and Insights newsletter.

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Today 2025-04-05

03:36

Over the past 24 hours, the "main explosive multiple orders" have sold out $162 million across the entire network, with multiple orders selling out $82.47 million

The current price of BTC is $83760.31, with a 1.24% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 162 million US dollars, with multiple main liquidation orders and BTC liquidation of 49.75 million US dollars (30.55%). The data is for reference only.

03:34

BitGo CEO： Currently, there are only three viable currencies in global trade: Bitcoin, gold, and the US dollar

Odaily Planet Daily News: BitGo CEO Mike Belshe stated in an article on X platform that when the market mentions "monopoly abuse" in the currency sector, it refers to the sanctions control carried out by the United States. Tariffs are not monopoly abuse, and all countries can use tariffs. Sanctions prevent trade between non US countries. At present, there are only three feasible currencies in global trade: the US dollar, gold, and Bitcoin. Due to the threat of sanctions, the US dollar will become unfeasible, and gold will be difficult to cash physically. In contrast, Bitcoin is easier to understand, but it has not yet gained enough trust, so the market is still acting cautiously.

03:33

DoubleZero: The 2Z token has three core functions: utility, efficiency, and security

According to Foresight News, DoubleZero, a decentralized framework for creating and managing high-performance permissionless networks, has announced the economics of the 2Z token. The 2Z token has three core functions in the DoubleZero ecosystem: utility (a trading medium for network services), efficiency (rewards for network contributions), and security (staking and value redistribution). Specifically, users pay for high-performance connectivity fees using 2Z, while network contributors receive 2Z as compensation for providing infrastructure. Contributors receive 2Z tokens based on their level of improvement in network performance, and the reward system uses Shapley values to calculate fair distribution based on each contributor's influence. In addition, 2Z strengthens protocol security through pledging (to ensure link quality), destruction (to ensure integrity), and inflation (to provide funding for joint network operations). In addition, DoubleZero will allocate 150 million 2Z tokens for token sales launched on the CoinList platform, with a lock up period of 1 year for US buyers and 40 days from the date of sale or mainnet launch for non US buyers. The relevant timeline is as follows: interest submission and verifier verification will be open from April 2nd to 10th, KYC/KYB and authentication verification (in the United States) will be open from April 2nd to 22nd, allocation information will be announced on April 15th, and the purchase period will be from April 15th to 22nd.

03:18

Grayscale updates the weights of its four multi asset funds: smart contract fund removes NEAR, AI fund removes LPT

According to Foresight News, Grayscale Investments has announced the rebalancing adjustment results of its four multi asset fund components for the first quarter of 2025. The adjusted fund composition weights for Grayscale Digital Large Cap Fund (GDLC) are as follows: BTC 79.59%、ETH 10.54%、XRP 5.86%、SOL 2.88%、ADA 1.13%。 The adjusted fund composition weights of Grayscale DeFi Fund (DEFG) are: UNI 42.75%、AAVE 27.44%、MKR 12.81%、LDO 8.80%、CRV 8.20%。 Grayscale Smart Contract Fund (GSC) has removed NEAR using the CoinDesk Smart Contract Platform's selected weight cap index method. The adjusted fund composition weights are as follows: ETH 30.92%、SOL 29.05%、ADA 22.91%、AVAX 7.45%、SUI 7.04%、DOT 2.63%。 Grayscale's decentralized AI Fund has removed LPT, and the adjusted fund composition weights are as follows: NEAR 30.94%、TAO 20.42%、FIL 20.12%、RENDER 19.26%、GRT 9.26%。 The above funds do not generate returns and regularly allocate fund components to pay for operating expenses, so the number of assets corresponding to each fund share will gradually decrease.

02:29

A Bitcoin developer has released a draft of the "Quantum Address Migration Protocol" (BIP), suggesting the mandatory migration of UTXOs that are vulnerable to quantum attacks

Foresight News reported that according to Protos, Bitcoin developer Agustin Cruz has released a draft of a Bitcoin improvement proposal (BIP) called the Quantum Address Migration Protocol (QRAMP) to the Bitcoin Dev mailing list. This BIP contains code for hard fork consensus changes, which will force the migration of UTXOs that are vulnerable to quantum attacks. If QRAMP gains consensus and is activated in the dominant version of Bitcoin Core, a countdown will begin. If users fail to transfer their coins to the anti quantum wallet by the deadline, Bitcoin Core will reject any transactions attempting to withdraw funds from the Legacy wallet (which essentially destroys these currencies from BTC circulation). At present, the BIP is still in the draft stage and has not yet been assigned a BIP number.