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About REELFI

What is ReelFi?ReelFi is a blockchain-based social media platform that combines DeFi and the excitement of watching reels. It aims to provide a seamless and enjoyable experience for its users by allowing them to trade in cryptocurrencies and watch reels, all in one place.What is ReelFi swap?ReelFiSwap is a decentralized, self-managed platform that enables users to easily trade their tokens for other cryptocurrencies. By routing all transactions directly through the user's wallet, ReelFi Swap ensures security and control over their assets.What is ReelFi staking?ReelFi offers a staking program that allows users to increase their cryptocurrency assets passively through holding their tokens for a long period of time.

ReelFi (REELFI) is a cryptocurrency launched in 2023. REELFI has a current supply of 10.00M with 0 in circulation. The last known price of REELFI is 0.001397907218 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://www.reelfi.world/.

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REELFI Price Statistics
REELFI’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
#2924
REELFI Market Cap
Market Cap
$0
Fully Diluted Market Cap
$13,979.07
REELFI Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
REELFI Supply
Circulating Supply
0
Total Supply
10.00M
Max Supply
10.00M
Updated Jul 29, 2023 2:30 am
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REELFI
ReelFi
$0.001397907218
$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 ReelFi (REELFI)?

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

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  • How much ReelFi (REELFI) is there in circulation?

    As of , there is currently 0 REELFI in circulation. REELFI has a maximum supply of 10.00M.

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  • What is the market cap of ReelFi (REELFI)?

    The current market cap of REELFI is 0. It is calculated by multiplying the current supply of REELFI by its real-time market price of 0.001397907218.

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  • What is the all-time low price of ReelFi (REELFI)?

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

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  • Is ReelFi (REELFI) a good investment?

    ReelFi (REELFI) has a market capitalization of $0 and is ranked #2924 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 ReelFi (REELFI) price trends and patterns to find the best time to purchase REELFI.

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