Log in/ Sign up

About ETE

The Ethereum network carries out more and more applications and smart contracts. As resource usage increases, the Ethereum network becomes congested, and the GAS consumed by transfers and calling contracts has soared. In this case, similar to the Ethereum Express Network, layer 1 will be more competitive and advantageous.

Ethereum Express (ETE) is a cryptocurrency launched in 2023. ETE has a current supply of 200.00M with 0 in circulation. The last known price of ETE is 0.000656205975 USD and is 0.00000183795 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.ethereumexpress.net/.

Official Website

Social Media

ETE Price Statistics
ETE’s Price Today
24h Price Change
+$0.000001837950.28%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6232
ETE Market Cap
Market Cap
$0
Fully Diluted Market Cap
$131,241.19
ETE Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
ETE Supply
Circulating Supply
0
Total Supply
200.00M
Max Supply
200.00M
Updated Sep 01, 2024 12:58 pm
image
ETE
Ethereum Express
$0.000656205975
$0.00000183795(+0.28%)
Mkt Cap $0
There's nothing here for now
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Crypto KOL cygaar wrote on X: "The relationship between Ethereum L1 and L2 is now quite unbalanced. L2 gets the benefits of Ethereum security without contributing much value to ETH. I think there are two ways to restore balance: 1. Increase the minimum blob fee Currently, the blob fee is basically zero for rollups, which means that Ethereum gets almost no value from the L2 DA cost. In the world before EIP-4844, rollups have always been the largest source of Gas consumption for ETH, causing ETH to face strong deflationary pressure. However, because DA blobs are basically free, rollups no longer consume too much ETH. This, coupled with the reduction in execution activity on Ethereum L1, has caused ETH to become inflationary again. A perhaps more short-term solution is to increase the base blob fee. L2 must pay a certain amount of fees to use Ethereum DA. One could argue that increasing the cost of Ethereum DA will cause L2 to turn to alternative DAs. solution, but I think chains that want to truly inherit Ethereum security will still pay these costs. 2. Increase L2 usage The current blob pricing curve is set this way because researchers predict that there will be more demand for L2. However, apart from a few major events (initial blob release, blobscriptions, LZ airdrop), the cost of a blob has not exceeded the minimum fee. If L2 demand and usage increase, we may reach a state where the blob pricing curve can appropriately price DA blobs, resulting in a healthy level of ETH destruction on L1. In addition to the DA cost being quite large, the amount of Gas used for rollup settlement may also increase to a considerable amount. In the long run, this is the path that is most beneficial to the Ethereum ecosystem, but it also requires an intrinsic demand for L2 block space. We need more interesting consumer-facing applications to attract users and drive more on-chain usage. In this world, blob fees are almost never at the lowest price, and rollups will pay a large amount to inherit Ethereum's security. "
Sep 01, 2024 12:23 pm

Frequently Asked Questions

  • What is the all-time high price of Ethereum Express (ETE)?

    The all-time high of ETE was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Ethereum Express (ETE) is 0. The current price of ETE is down 0% from its all-time high.

    Read More
  • How much Ethereum Express (ETE) is there in circulation?

    As of , there is currently 0 ETE in circulation. ETE has a maximum supply of 200.00M.

    Read More
  • What is the market cap of Ethereum Express (ETE)?

    The current market cap of ETE is 0. It is calculated by multiplying the current supply of ETE by its real-time market price of 0.000656205975.

    Read More
  • What is the all-time low price of Ethereum Express (ETE)?

    The all-time low of ETE was 0 , from which the coin is now up 0%. The all-time low price of Ethereum Express (ETE) is 0. The current price of ETE is up 0% from its all-time low.

    Read More
  • Is Ethereum Express (ETE) a good investment?

    Ethereum Express (ETE) has a market capitalization of $0 and is ranked #6232 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Ethereum Express (ETE) price trends and patterns to find the best time to purchase ETE.

    Read More