Glamsterdam, in numbers - not vibes.
The Ethereum Foundation just warned that some wallets, indexers and gas estimators will break at the next upgrade. What actually changes: gas goes two-dimensional. Execution and NEW state get separate meters.
- A plain $ETH transfer stays 21,000 gas
- A self-transfer drops to 12,000
- A transfer that creates a new account: 21,000 exec + 183,600 state-gas, on its own price track (EIP-2780 / EIP-8037)
Today that plain transfer costs 0.4 cents on our tape. Cheap gas is not what breaks - what is being repriced is the thing that never goes away: permanent state.
And the number under the warning: Ethereum burns 9.9 ETH a day right now - $6.9M a year against a $229B market cap. That is 33,333 years of burn to buy the cap back. Glamsterdam does not fix that ratio - it makes it design: gas priced at resource cost, capacity up, fees engineered low. The 'fee asset' story does not get a comeback act. What holds the valuation now is the money premise alone.
Testnet forks Aug-20. Tooling that assumes one meter dies first.
#Ethereum #Glamsterdam
The Ethereum Foundation just warned that some wallets, indexers and gas estimators will break at the next upgrade. What actually changes: gas goes two-dimensional. Execution and NEW state get separate meters.
- A plain $ETH transfer stays 21,000 gas
- A self-transfer drops to 12,000
- A transfer that creates a new account: 21,000 exec + 183,600 state-gas, on its own price track (EIP-2780 / EIP-8037)
Today that plain transfer costs 0.4 cents on our tape. Cheap gas is not what breaks - what is being repriced is the thing that never goes away: permanent state.
And the number under the warning: Ethereum burns 9.9 ETH a day right now - $6.9M a year against a $229B market cap. That is 33,333 years of burn to buy the cap back. Glamsterdam does not fix that ratio - it makes it design: gas priced at resource cost, capacity up, fees engineered low. The 'fee asset' story does not get a comeback act. What holds the valuation now is the money premise alone.
Testnet forks Aug-20. Tooling that assumes one meter dies first.
#Ethereum #Glamsterdam