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About GOLD

The $GOLD token is a DeFi utility token that was created on Basechain with the intention of leveraging the Balancer finance ecosystem. The tokens contract was renounced, and an initial LP was seeded on Balancer finance. The token’s creator has large holdings in Balancer governance tokens that could allow unique DeFi products to be built for $GOLD. Smart contracts are in development that will create a unique yield farming opportunity for users on Basechain.

GoldenBoys (GOLD) is a cryptocurrency launched in 2023. GOLD has a current supply of 1.00M with 0 in circulation. The last known price of GOLD is 15.70 USD and is -0.06848874364 over the last 24 hours. It is currently trading on active market(s) with $2,420.81 traded over the last 24 hours. More information can be found at https://gold-on-base.eth.limo/.

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GOLD Price Statistics
GOLD’s Price Today
24h Price Change
-$0.068488743640.43%
24h Volume
$2,420.8181.46%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6254
GOLD Market Cap
Market Cap
$0
Fully Diluted Market Cap
$15.70M
GOLD Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
GOLD Supply
Circulating Supply
0
Total Supply
1.00M
Max Supply
1.00M
Updated Sep 01, 2024 12:48 pm
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GOLD
GoldenBoys
$15.70
$0.06848874364(-0.43%)
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 GoldenBoys (GOLD)?

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

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  • How much GoldenBoys (GOLD) is there in circulation?

    As of , there is currently 0 GOLD in circulation. GOLD has a maximum supply of 1.00M.

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  • What is the market cap of GoldenBoys (GOLD)?

    The current market cap of GOLD is 0. It is calculated by multiplying the current supply of GOLD by its real-time market price of 15.70.

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  • What is the all-time low price of GoldenBoys (GOLD)?

    The all-time low of GOLD was 0 , from which the coin is now up 0%. The all-time low price of GoldenBoys (GOLD) is 0. The current price of GOLD is up 0% from its all-time low.

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  • Is GoldenBoys (GOLD) a good investment?

    GoldenBoys (GOLD) has a market capitalization of $0 and is ranked #6254 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 GoldenBoys (GOLD) price trends and patterns to find the best time to purchase GOLD.

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