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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 Glamsterdam testnet releases Prysm update, Sepolia block gas limit will increase to 200 million

According to CoinDesk, Ethereum developers released version 7.2.1 of the Prysm client on Monday evening, embedding a 200 million Gas limit to complete deployment ahead of the Sepolia testnet testing for the Glamsterdam upgrade on Tuesday.Glamsterdam is the next major upgrade for Ethereum, which will first be activated on the Sepolia testnet, where developers rehearse changes using tokens with no actual value. Part of Tuesday's testing involves raising the Gas limit on Sepolia from approximately 60 million to 200 million.Gas is the unit that measures how much computational workload a single block can accommodate on Ethereum. A higher limit means the network can handle more transactions and more complex activities simultaneously, but it also places higher demands on the computers running Ethereum. Prysm is the client software used by Ethereum validators, and its previous version had completed before this setting was added to the Sepolia configuration. Therefore, validators running the old version will still produce blocks with a 60 million Gas limit unless they manually modify the parameters, which undermines the effectiveness of this capacity test.Validators running the latest version will automatically start proposing blocks with a 200 million Gas limit when Glamsterdam activates on Sepolia at 13:53:36 UTC on October 6. Ethereum has been gradually increasing block capacity to test how far it can go before running validators becomes too demanding or expensive. The 200 million setting is only applicable to Sepolia, and Glamsterdam has not yet been activated on the Ethereum mainnet.

Robinhood Chain Research Report: In August, on-chain Gas revenue reached 6.6 million USD, and DEX trading volume rose to 1.5 billion USD

According to a report released by Spartan Capital, Robinhood Chain will launch its mainnet on July 1, 2026. By the end of August, the on-chain DEX trading volume had risen to $1.5 billion, with a TVL increasing to $711 million, and on-chain gas revenue in August reached $6.6 million.The report shows that most of the trading volume in August came from Uniswap, with a single-day on-chain fee reaching $2.1 million on August 31. Robinhood is responsible for running the sequencer and receives about 90% of the on-chain fees. After deducting Ethereum settlement costs and the 10% licensing fee paid to Arbitrum DAO, the net income for August was approximately $6 million. Regarding Robinhood Earn, users deposit USDG and borrow through Morpho, with the deposit scale increasing from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of Robinhood Chain's TVL at the end of the month. Users can earn an estimated annualized yield of about 7%, while the yield on the loan side was approximately 3.7% at the end of August, with the difference subsidized by reward funds provided by Morpho and its lending partners.Meanwhile, the Meme ecosystem of Robinhood Chain is growing rapidly. By the end of August, over 340,000 tokens had been issued on-chain, with application layer transaction fees reaching $114 million in August. The report states that the trading volume of Meme and tokenized stock trading pairs is also growing rapidly, with the trading volume of Meme tokens paired with Robinhood Stock Tokens reaching $518 million in August. The report points out that the current trading activity on Robinhood Chain is still mainly driven by crypto-native users, and Robinhood's own 27 million funded accounts have not yet been migrated to the chain on a large scale. The gas subsidies in the Robinhood wallet will continue until September 29, and the Earn yield is also planned to be gradually reduced.
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