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About RELAY

RELAY is a multi cross-chain platform developed to bring BaaS (Bridging as a Service) to help the often fragmented DeFi liquidity space. What is really unique to our bridge is that when a new ecosystem is created, our bridge connects that asset and ecosystem to all the other ones we support. At launch we currently support bridging to Ethereum, BSC, Avalanche, Polygon (Matic), and Heco — with more coming soon. Relay's bridges were first to introduce the bridge gas token faucet to Defi where the bridge itself airdrops the native gas token to new users to reduce friction for people starting out on new chains.Our goal at Relay Chain is simple, ""Have the best and safest bridge"". We will provide value to our token holders by giving them native gas tokens for providing liquidity instead of our native project token (RELAY). By doing this we eliminate all sell pressure to Relay and we can give the highest APY's to Relay Liquidity Providers. This allows us to have a token that provides value, and it's deflationary (via buyback and burns) which is doing with a portion of the gas token profits from bridge transactional volume. The brings the positive feedback loops and true ecosystem synergy into the Relay Chain ecosystem where all partners provide utility to the end users of our platform.

Relay Token (RELAY) is a cryptocurrency launched in 2021. RELAY has a current supply of 8.82M with 0 in circulation. The last known price of RELAY 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 https://www.relaychain.com/.

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RELAY Price Statistics
RELAY’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
#6556
RELAY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$132,683.50
RELAY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
RELAY Supply
Circulating Supply
0
Total Supply
8.82M
Max Supply
0
Updated Aug 13, 2024 9:30 am
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RELAY
Relay Token
$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 Relay Token (RELAY)?

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

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  • How much Relay Token (RELAY) is there in circulation?

    As of , there is currently 0 RELAY in circulation. RELAY has a maximum supply of 0.

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  • What is the market cap of Relay Token (RELAY)?

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

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  • What is the all-time low price of Relay Token (RELAY)?

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

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  • Is Relay Token (RELAY) a good investment?

    Relay Token (RELAY) has a market capitalization of $0 and is ranked #6556 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 Relay Token (RELAY) price trends and patterns to find the best time to purchase RELAY.

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