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About BICITY

BiCity AI Projects (BICITY) is a cryptocurrency launched in 2024. BICITY has a current supply of 10.00Bn with 0 in circulation. The last known price of BICITY is 0.007090861272 USD and is -0.000580531439 over the last 24 hours. It is currently trading on active market(s) with $346,063.65 traded over the last 24 hours. More information can be found at .
BICITY Price Statistics
BICITY’s Price Today
24h Price Change
-$0.0005805314397.57%
24h Volume
$346,063.6528.13%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3819
BICITY Market Cap
Market Cap
$0
Fully Diluted Market Cap
$70.91M
BICITY Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BICITY Supply
Circulating Supply
0
Total Supply
10.00Bn
Max Supply
10.00Bn
Updated Sep 01, 2024 12:57 pm
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BICITY
BiCity AI Projects
$0.007090861272
$0.000580531439(-7.57%)
Mkt Cap $0
There's nothing here for now
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Crypto KOL cygaar wrote on X: "The relationship between Ethereum L1 and L2 is now quite unbalanced. L2 gets the benefits of Ethereum security without contributing much value to ETH. I think there are two ways to restore balance: 1. Increase the minimum blob fee Currently, the blob fee is basically zero for rollups, which means that Ethereum gets almost no value from the L2 DA cost. In the world before EIP-4844, rollups have always been the largest source of Gas consumption for ETH, causing ETH to face strong deflationary pressure. However, because DA blobs are basically free, rollups no longer consume too much ETH. This, coupled with the reduction in execution activity on Ethereum L1, has caused ETH to become inflationary again. A perhaps more short-term solution is to increase the base blob fee. L2 must pay a certain amount of fees to use Ethereum DA. One could argue that increasing the cost of Ethereum DA will cause L2 to turn to alternative DAs. solution, but I think chains that want to truly inherit Ethereum security will still pay these costs. 2. Increase L2 usage The current blob pricing curve is set this way because researchers predict that there will be more demand for L2. However, apart from a few major events (initial blob release, blobscriptions, LZ airdrop), the cost of a blob has not exceeded the minimum fee. If L2 demand and usage increase, we may reach a state where the blob pricing curve can appropriately price DA blobs, resulting in a healthy level of ETH destruction on L1. In addition to the DA cost being quite large, the amount of Gas used for rollup settlement may also increase to a considerable amount. In the long run, this is the path that is most beneficial to the Ethereum ecosystem, but it also requires an intrinsic demand for L2 block space. We need more interesting consumer-facing applications to attract users and drive more on-chain usage. In this world, blob fees are almost never at the lowest price, and rollups will pay a large amount to inherit Ethereum's security. "
Sep 01, 2024 12:23 pm

Frequently Asked Questions

  • What is the all-time high price of BiCity AI Projects (BICITY)?

    The all-time high of BICITY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of BiCity AI Projects (BICITY) is 0. The current price of BICITY is down 0% from its all-time high.

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  • How much BiCity AI Projects (BICITY) is there in circulation?

    As of , there is currently 0 BICITY in circulation. BICITY has a maximum supply of 10.00Bn.

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  • What is the market cap of BiCity AI Projects (BICITY)?

    The current market cap of BICITY is 0. It is calculated by multiplying the current supply of BICITY by its real-time market price of 0.007090861272.

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  • What is the all-time low price of BiCity AI Projects (BICITY)?

    The all-time low of BICITY was 0 , from which the coin is now up 0%. The all-time low price of BiCity AI Projects (BICITY) is 0. The current price of BICITY is up 0% from its all-time low.

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  • Is BiCity AI Projects (BICITY) a good investment?

    BiCity AI Projects (BICITY) has a market capitalization of $0 and is ranked #3819 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze BiCity AI Projects (BICITY) price trends and patterns to find the best time to purchase BICITY.

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