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About HNY

Hive Investments

Honey (HNY) is a cryptocurrency launched in 2022. HNY has a current supply of 1.00M with 0 in circulation. The last known price of HNY is 0 USD and is 0 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 http://hive.investments/.

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HNY Price Statistics
HNY’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#7223
HNY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$135.73
HNY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HNY Supply
Circulating Supply
0
Total Supply
1.00M
Max Supply
1.00M
Updated Jul 17, 2024 9:21 am
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HNY
Honey
$0
$0(-0.00%)
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 Honey (HNY)?

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

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  • How much Honey (HNY) is there in circulation?

    As of , there is currently 0 HNY in circulation. HNY has a maximum supply of 1.00M.

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  • What is the market cap of Honey (HNY)?

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

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  • What is the all-time low price of Honey (HNY)?

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

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  • Is Honey (HNY) a good investment?

    Honey (HNY) has a market capitalization of $0 and is ranked #7223 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 Honey (HNY) price trends and patterns to find the best time to purchase HNY.

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