Gas narxiGAS

Arbitrum gained $381 million in stablecoin inflows over the last week, while Ethereum lost $374 million. Stablecoin users are increasingly flipping out of Ethereum (ETH) and into faster, cheaper layer-2 chains. For the week ending June 2, Ethereum’s layer-2 network, Arbitrum (ARB) , led all top chains in stablecoin inflows. The network recorded $381 million in inflows, while Ethereum saw $374 million in outflows. $381M into Arbitrum. 🔩 $374M out of Ethereum. In just 7 days. 👁️🗨️ More than stablecoin rotation this is risk-on capital choosing speed, incentives, and lower friction. If this trend holds, are we watching the early signs of an L2 liquidity flippening? pic.twitter.com/hDU2Q22mEu Another big gainer during this period was Tron (TRX) , which attracted $102 million in stablecoin inflows. The network has solidified its position as the leader in USDT supply, having flipped Ethereum in May. Notably, stablecoin payments remain one of Tron’s strongest use cases, particularly in Asia. At the same time, Solana (SOL) was among the biggest losers, experiencing $239 million in stablecoin outflows. The network has been impacted by a slowdown in the memecoin market, leading users to move stablecoins to other chains. Layer-2 networks like Arbitrum are designed to scale Ethereum by offloading transactions from the mainchain. Users benefit from lower fees while remaining within the Ethereum ecosystem. However, this scaling model has raised concerns among ETH holders, who fear too much value is being siphoned away from the Ethereum base layer. While Arbitrum relies on Ethereum’s decentralization and security, it captures the bulk of the economic value from transaction processing and gas fees. In contrast, falling gas fee revenue on Ethereum is undermining the network’s deflationary supply model. However, since the release of the Pectra Upgrade, the narrative on Ethereum is changing. For instance, Artemiy Parshakov, Vice President of Institutions at P2P.org, suggested that Ethereum should not be chasing short-term profitability. Instead, he praised Ethereum’s long-term vision, emphasizing that cheaper transactions and greater efficiency are essential for building a sustainable ecosystem, one in which Arbitrum also plays a key role.

Ethereum ($ETH) is heating up once again. After weeks of sideways movement, the second-largest cryptocurrency is showing renewed strength—and it’s not just about the charts. Two major updates have triggered a wave of bullish sentiment that could push ETH past the $3,000 mark this week . Let’s break down what’s driving the momentum and whether Ethereum is finally ready to reclaim its position above this critical psychological and technical level. In a bold statement that’s rippled across the crypto community, Ethereum co-founder Vitalik Buterin hinted at a possible 10x scaling improvement on Layer 1 within the next year. This means faster, cheaper on-chain transactions without fully relying on Layer 2 solutions like Optimism or Arbitrum. “Ethereum’s base layer could get a 10x boost in throughput,” Buterin said, suggesting optimizations in proto-danksharding and execution environments are closer than many expected. Such an upgrade would drastically improve Ethereum’s usability, reduce gas fees, and further open the door to mass adoption. Traders see this as a long-term bullish catalyst—and the market is already reacting. Adding fuel to the fire, the Ethereum Foundation just announced a significant internal shift. According to sources, they’ve streamlined their core development teams and reallocated resources specifically toward enhancing scalability and improving user experience. This isn’t just housekeeping—it’s a strategic move to accelerate Ethereum’s roadmap at a time when competitors like Solana and Avalanche are gaining traction. By refocusing its efforts, the Foundation is doubling down on solving Ethereum’s biggest pain points. If successful, these changes could position $ETH as the most user-friendly smart contract platform in crypto. As of writing, ETH is trading around $2,890 , up nearly 7% over the past three days. Key technical levels show strong support near $2,800 and minor resistance at $2,950, with $3,000 acting as the next major psychological barrier. The daily RSI is trending upward, and trading volume has spiked following Buterin’s statements—suggesting increasing confidence among bulls. If momentum continues, a breakout for the ETH price above $3,000 is highly likely before the end of the week. With positive sentiment returning, a forward-looking roadmap, and signs of life in both the technicals and fundamentals, Ethereum may be entering a new bullish phase . Whether the ETH price holds above $3K will depend on market confirmation and macro conditions, but for now, ETH is one of the top tokens to watch this week. $ETH, $Ethereum Ethereum ($ETH) is heating up once again. After weeks of sideways movement, the second-largest cryptocurrency is showing renewed strength—and it’s not just about the charts. Two major updates have triggered a wave of bullish sentiment that could push ETH past the $3,000 mark this week . Let’s break down what’s driving the momentum and whether Ethereum is finally ready to reclaim its position above this critical psychological and technical level. In a bold statement that’s rippled across the crypto community, Ethereum co-founder Vitalik Buterin hinted at a possible 10x scaling improvement on Layer 1 within the next year. This means faster, cheaper on-chain transactions without fully relying on Layer 2 solutions like Optimism or Arbitrum. “Ethereum’s base layer could get a 10x boost in throughput,” Buterin said, suggesting optimizations in proto-danksharding and execution environments are closer than many expected. Such an upgrade would drastically improve Ethereum’s usability, reduce gas fees, and further open the door to mass adoption. Traders see this as a long-term bullish catalyst—and the market is already reacting. Adding fuel to the fire, the Ethereum Foundation just announced a significant internal shift. According to sources, they’ve streamlined their core development teams and reallocated resources specifically toward enhancing scalability and improving user experience. This isn’t just housekeeping—it’s a strategic move to accelerate Ethereum’s roadmap at a time when competitors like Solana and Avalanche are gaining traction. By refocusing its efforts, the Foundation is doubling down on solving Ethereum’s biggest pain points. If successful, these changes could position $ETH as the most user-friendly smart contract platform in crypto. As of writing, ETH is trading around $2,890 , up nearly 7% over the past three days. Key technical levels show strong support near $2,800 and minor resistance at $2,950, with $3,000 acting as the next major psychological barrier. The daily RSI is trending upward, and trading volume has spiked following Buterin’s statements—suggesting increasing confidence among bulls. If momentum continues, a breakout for the ETH price above $3,000 is highly likely before the end of the week. With positive sentiment returning, a forward-looking roadmap, and signs of life in both the technicals and fundamentals, Ethereum may be entering a new bullish phase . Whether the ETH price holds above $3K will depend on market confirmation and macro conditions, but for now, ETH is one of the top tokens to watch this week. $ETH, $Ethereum

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RT @Flowslikeosmo: 1 year high for @avax C-Chain transactions. Meanwhile, the average gas price is down 96% over the past year. h/t: @tok…

RT @prateekhh: @realpeterjm @sedaprotocol ngl, that $SEDA gas figure is impressive. @sedaprotocol really bringing the heat