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About RING

OneRing (RING) is a cryptocurrency launched in 2022. RING has a current supply of 9.53Bn with 0 in circulation. The last known price of RING is 0.001810305754 USD and is -0.000061980174 over the last 24 hours. It is currently trading on active market(s) with $308,286.44 traded over the last 24 hours. More information can be found at https://www.onering.tools/.

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RING Price Statistics
RING’s Price Today
24h Price Change
-$0.0000619801743.31%
24h Volume
$308,286.441.53%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#8910
RING Market Cap
Market Cap
$0
Fully Diluted Market Cap
$17.26M
RING Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
RING Supply
Circulating Supply
0
Total Supply
9.53Bn
Max Supply
9.53Bn
Updated Sep 01, 2024 1:00 pm
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RING
OneRing
$0.001810305754
$0.000061980174(-3.31%)
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 OneRing Finance?

    OneRing is a Multi-Chain Cross-stable Yield Optimizer designed to remove all the hustle that users have whenever they want to generate yield with their stablecoins.

    Deposit any stablecoin, leave us the rest, we'll allocate your funds using our specific strategies to safely farm the best yields available in the market.

    RING is the native token of the protocol, with RING you'll be able to reduce fees, get bonus rewards and use all the features available in the platform. RING is also our governance token, you can vote on proposals to add new strategies, farms or accepted assets.

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  • What's the total supply of RING?

    95328392,29 RING, since we burnt a lot already.

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  • What is the all-time high price of OneRing (RING)?

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

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  • How much OneRing (RING) is there in circulation?

    As of , there is currently 0 RING in circulation. RING has a maximum supply of 9.53Bn.

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  • What is the market cap of OneRing (RING)?

    The current market cap of RING is 0. It is calculated by multiplying the current supply of RING by its real-time market price of 0.001810305754.

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  • What is the all-time low price of OneRing (RING)?

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

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  • Is OneRing (RING) a good investment?

    OneRing (RING) has a market capitalization of $0 and is ranked #8910 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 OneRing (RING) price trends and patterns to find the best time to purchase RING.

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