Kaiko: Цена газа в Ethereum упала до пятилетнего минимума

investing.ruPublished on 2024-08-20Last updated on 2024-08-20

GetBlock Magazine - Что произошло? Как сообщают аналитики Kaiko, стоимость газа в блокчейне Ethereum упала до пятилетнего минимума. Это во многом объясняется мартовским обновлением Dencun, которое снизило комиссии в сетях второго уровня (L2) на базе Ethereum на 60-90%, а также ростом активности в этих сетях. Снижение размера комиссии в основном блокчейне оказывает влияние на нативный токен ETH, увеличивая его предложение.

Отчет Kaiko

Что еще известно? В результате хардфорка The Merge в сентябре 2022 года Ethereum перешел на алгоритм консенсуса Proof of Stake (PoS), а также внедрил механизм сжигания уплаченных в качестве комиссий за транзакции монет. Такой механизм призван сдерживать рост предложения актива — поскольку новые монеты выпускаются с помощью стекинга — а также предотвращать его инфляцию.

Ввиду того, что комиссии упали, объем сжигаемых монет также снизился. По словам аналитиков Kaiko, объем предложения ETH неуклонно растет с апреля текущего года. Они считают, что данный фактор может ограничить рост цены актива в ближайшей перспективе, несмотря на спрос со стороны спотовых биржевых фондов (ETF) на его основе, которые были запущены в США 23 июля.

Так, чуть менее месяца назад американский регулятор ценных бумаг SEC допустил к торгам на фондовых биржах Nasdaq, NYSE и Cboe девять спотовых ETH-ETF. На текущий момент общий поток по этим продуктам отрицательный (-433,62 млн), что объясняется оттоком из фонда ETHE от компании Grayscale.

Он не является новым и ранее функционировал как траст без возможности погашения паев. Вместе с конвертацией в спотовый ETF у клиентов появилась возможность вывода средств, которой многие поспешили воспользоваться, учитывая, что продукт взимает самую высокую комиссию за управление в отрасли (2,5%).

Если учитывать лишь новые восемь фондов, включая мини-траст от Grayscale под тикером ETH, то все они демонстрируют положительный результат, а общий приток превышает 2 млрд долларов. Лучшим по этому показателю является фонд ETHA от крупнейшей в мире инвестиционной компании BlackRock (+977,62 млн).

Только с середины апреля по конец июня предложение ETH выросло на 112 000 монет. В августе аналитики агрегатора CoinGecko сообщили, что с начала года предложение увеличилось на 75 301 ETH: сожжено было 465 657 монет, тогда как выпущено — 540 958.

Позднее они добавили, что наибольшая доля сжигаемых ETH приходится на ведущую децентрализованную криптобиржу (DEX) Uniswap — с начала года с ее помощью из оборота было выведено 71 915 монет. В целом на топ-10 крупнейших «сжигателей» актива приходится 39,2% уничтоженных монет.

Источник: X.com

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