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gas

Gas is the unit of transaction fees in the Ethereum network, used to incentivize miners to process and validate transactions. Each transaction or execution of a smart contract requires a certain amount of Gas, with the specific amount depending on the computational complexity and storage requirements. The Gas price is set by users, affecting the priority and confirmation speed of transactions. The Gas mechanism ensures the effective allocation of network resources, preventing malicious behavior and network congestion.
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first_img Ethereum will include Frame Transactions in the 2027 upgrade, allowing users to pay Gas without holding ETH

According to CoinDesk, Ethereum core developers have included EIP-8141 (Frame Transactions) in the 2027 Hegotá upgrade plan. During the core developer call on August 27, the proposal was marked as "Scheduled for Inclusion," meaning it will become part of the network update rather than just a candidate proposal. Ethereum co-founder Vitalik Buterin, one of the ten authors of the proposal, stated on X on Sunday night that Frames have made significant progress in the past few months.Frames aim to address the issue where users hold stablecoins but cannot transfer them due to a lack of ETH. It splits transactions into independent steps such as authorization verification, fee payment, and instruction execution, allowing the sender and payer accounts to no longer have to be the same. For example, payment applications can cover fees themselves or settle ETH bills on behalf of users after collecting stablecoins, while the Ethereum network still prices in ETH, and users do not need to purchase ETH. Unlike existing wallet solutions that rely on third-party services, Frames will achieve this capability through the standard Ethereum transaction process.Additionally, Frames will bundle operations that need to be executed simultaneously, such as authorization and submission in token transactions, with authorization being revoked if the transaction fails; it also allows accounts to customize transaction approval rules, enabling the replacement of private keys or the adoption of quantum-resistant keys without needing to migrate funds to a new address. Currently, the specification is still a draft, and details may be adjusted before the Hegotá upgrade, with users unable to use Frames yet.

first_img Robinhood Chain's daily gas fees surged 82 times in 11 days, surpassing all other chains

According to DeFiLlama data, the daily Gas fees of Robinhood's Ethereum Layer 2 network, Robinhood Chain, surged approximately 82 times within 11 days, surpassing all other blockchain networks to become the chain with the highest daily Gas fees. This network is built on the Arbitrum Orbit technology stack and has been live for only about two months.Data shows that the average daily Gas fees of Robinhood Chain climbed from about $56,000 on August 23 to approximately $3.75 million on September 1, continuously breaking historical records for several days. The fee surge is primarily driven by speculative trading of Meme coins, with the weekly trading volume on the on-chain DEX exceeding $1 billion at one point, where the token issuance platform Pons contributed the majority of the trading volume. As of September 1, the average transaction fee on this chain rose to $0.33, while Base was only about $0.0026 and Solana was about $0.013 during the same period.The high fees have also brought considerable revenue to Robinhood Chain. According to the protocol agreement, 10% of its net revenue must be allocated to the Arbitrum ecosystem, with 80% going to the Arbitrum DAO and 20% to the developer fund; in comparison, Arbitrum One's Gas fees on the same day were less than $15,000. The official Robinhood wallet still offers Gas subsidies for eligible transactions, which will continue until September 29.
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