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About MDS

$MDS is an NFT-backed stablecoin, which is a soft peg to the USD (1 $MDS = 1 $USD).We are working progressively on expanding the $MDS stable coin to more collaterals but we are starting small to make sure we can grow efficiently, safely and in a sustainable way.We’re looking for integration partners for the $MDS token as $MDS aims at becoming a store of value, a medium of exchange and a unit of account entirely backed by NFTs.

MIDAS (MDS) is a cryptocurrency launched in 2023. MDS has a current supply of 1.10M with 1.10M in circulation. The last known price of MDS is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://mds.hadeswap.com/.

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MDS Price Statistics
MDS’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6017
MDS Market Cap
Market Cap
$0
Fully Diluted Market Cap
$1.09M
MDS Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
MDS Supply
Circulating Supply
1.10M
Total Supply
1.10M
Max Supply
0
Updated Jul 28, 2024 9:21 am
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MDS
MIDAS
$0
$0(-0.00%)
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 MIDAS (MDS)?

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

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  • How much MIDAS (MDS) is there in circulation?

    As of , there is currently 1.10M MDS in circulation. MDS has a maximum supply of 0.

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  • What is the market cap of MIDAS (MDS)?

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

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  • What is the all-time low price of MIDAS (MDS)?

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

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  • Is MIDAS (MDS) a good investment?

    MIDAS (MDS) has a market capitalization of $0 and is ranked #6017 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 MIDAS (MDS) price trends and patterns to find the best time to purchase MDS.

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