gas fees


Finance

Circle Unveils Paymaster to Allow USDC to Be Used for Transaction Fees

The product allows users to interact with decentralized applications using USDC only, ditching the need for native tokens.

Circle set up its own "house" on the Promenade. (Nikhilesh De/CoinDesk)

Finance

VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs

Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline.

Even as ETFs capture attention, Jan van Eck is focused on gas fees. (Creative Commons, modified by CoinDesk.)

Tech

Ethereum Hit by 'Blobscriptions' in First Stress Test of Blockchain's New Data System

Ethereum fees for "blobs" – the blockchain's new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”

Ethereum's new "blob market" is taking on a life of its own. (Wikipedia/PhotoMosh)

Tech

Developers Upload Script of Jerry Seinfeld’s ‘Bee Movie’ on Ethereum as Gas Fees Plunge After Dencun

Copying and pasting the Bee Movie script is a niche internet meme that originated on Tumblr and quickly spread to Reddit, YouTube, Facebook, and other social media platforms.

Bees (Boba Jaglicic/Unsplash, modified by CoinDesk)

Tech

Ethereum Finalizes 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees

A key element of the upgrade is to enable a new place for storing data on Ethereum – referred to as "proto-danksharding," which gives room for a dedicated space on the blockchain that is separate from regular transactions, and comes at a lower cost.

Screenshot from Nethermind's Dencun watch party (Nethermind/YouTube)

Tech

Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees

The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum.

Blocknative's Ethernow countdown to Dencun (Blocknative)

Markets

Meme Coin Frenzy Drives Ethereum Network Fees to Nearly 2-Year High: IntoTheBlock

The increased network activity is benefitting ether investors by burning the token's supply at a faster pace, but it has also made Ethereum "unusable" for many due to sky-high transaction costs, IntoTheBlock analysts noted.

Shiba inu dog

Tech

Ethereum's Vitalik Buterin Proposes Gas Limit Increase

Ethereum's gas limit refers to the maximum amount of gas that can be expended in an individual block. A limit increase could improve network capacity and potentially reduce costs for users.

(TechCrunch/Wikimeda Commons, modified by CoinDesk)

Tech

Circle to Let Merchants Pay for Customers' Gas Fees With Web3 Wallet Upgrade

Southeast Asian super-app Grab is currently piloting the new product to cover gas fees for its Singaporean users if they use NFT vouchers.

Circle booth at ETHDenver (Danny Nelson/CoinDesk)

Tech

The Protocol: Friend.tech Fades as Crypto Craze, but Ethereum Is Scaling

This week in blockchain tech: Polygon's new "chain development kit," Farcaster's move to Optimism, Shibarium's return and Interlay's new Bitcoin layer-2 network, and Pancake Swap expands to Consensys's Linea.

The silver lining from the Friend.tech episode is that it reveals Ethereum's scaling strategy might be working. (Creative Commons)

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