Weekly Project Updates: Optimism's Bedrock Upgrade, List of EIPs Confirmed for Cancun Upgrade, Curve Founder Accused of Fraud, etc
wublock.substack.com
1. ETH’s Weekly Summary a. Arbitrum Pays $9 Million in Gas Fees to Ethereum in May link According to Token Terminal data, in May, Arbitrum paid approximately $9 million in supplier fees to Ethereum, while Optimism paid around $4.5 million, both reaching all-time highs. Ethereum operates similarly to SaaS 2.0, charging L2 (Layer 2) networks about 80% of the fees, with users paying L2 fees where 80% serves as security cost for Ethereum and the remaining 20% is allocated as profit for the L2 sequencer.
Weekly Project Updates: Optimism's Bedrock Upgrade, List of EIPs Confirmed for Cancun Upgrade, Curve Founder Accused of Fraud, etc
Weekly Project Updates: Optimism's Bedrock…
Weekly Project Updates: Optimism's Bedrock Upgrade, List of EIPs Confirmed for Cancun Upgrade, Curve Founder Accused of Fraud, etc
1. ETH’s Weekly Summary a. Arbitrum Pays $9 Million in Gas Fees to Ethereum in May link According to Token Terminal data, in May, Arbitrum paid approximately $9 million in supplier fees to Ethereum, while Optimism paid around $4.5 million, both reaching all-time highs. Ethereum operates similarly to SaaS 2.0, charging L2 (Layer 2) networks about 80% of the fees, with users paying L2 fees where 80% serves as security cost for Ethereum and the remaining 20% is allocated as profit for the L2 sequencer.