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About SPIKE

Spike (SPIKE) is a cryptocurrency launched in 2024. SPIKE has a current supply of 1.00Bn with 928.04M in circulation. The last known price of SPIKE is 0.001599853687 USD and is 0.000037155882 over the last 24 hours. It is currently trading on active market(s) with $51.97 traded over the last 24 hours. More information can be found at .
SPIKE Price Statistics
SPIKE’s Price Today
24h Price Change
+$0.0000371558822.38%
24h Volume
$51.97265.75%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.000035006056
Market Dominance
0.00%
Market Rank
#1720
SPIKE Market Cap
Market Cap
$1.48M
Fully Diluted Market Cap
$1.60M
SPIKE Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SPIKE Supply
Circulating Supply
928.04M
Total Supply
1.00Bn
Max Supply
0
Updated Sep 01, 2024 12:58 pm
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SPIKE
Spike
$0.001599853687
$0.000037155882(+2.38%)
Mkt Cap $1.48M
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 Spike (SPIKE)?

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

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  • How much Spike (SPIKE) is there in circulation?

    As of , there is currently 928.04M SPIKE in circulation. SPIKE has a maximum supply of 0.

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  • What is the market cap of Spike (SPIKE)?

    The current market cap of SPIKE is 1.48M. It is calculated by multiplying the current supply of SPIKE by its real-time market price of 0.001599853687.

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  • What is the all-time low price of Spike (SPIKE)?

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

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  • Is Spike (SPIKE) a good investment?

    Spike (SPIKE) has a market capitalization of $1.48M and is ranked #1720 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 Spike (SPIKE) price trends and patterns to find the best time to purchase SPIKE.

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