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In a sudden turn of events, the SEC approved spot ETH ETF and got the market hyped up. Regardless of regulator approvals, we're laser-focused on building cool tech that more people can appreciate!

On Etherscan, we released a set of handy data converter tools, as well as a couple updates to NatSpec support.

This issue, we examine the evolution of gas and how we could design for a better gas price mechanism. Answer the poll to test your knowledge on Ethereum gas and stand a chance to win $10 in ETH!

ETHERSCAN


Guest Post

Past & Future of Gas on Ethereum

Past & Future of Gas on Ethereum

Amidst consistently low gas fees this past month, likely due to the new fee market for L2 data posting to Ethereum, we look at:

  • Where the concept of "gas" originated
  • The evolution of Ethereum's gas price mechanism
  • How to approach a multidimensional gas future
Read More
Converter Tools

FEATURE

Converter Tools

A set of handy tools to convert between various data types on the explorer.

Updates to NatSpec Support

FEATURE

Updates to NatSpec Support

Support for interface & abstract contracts, similar match contracts, tuple parameters.

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ECOSYSTEM


Trending

Ethereum Foundation's Credible Neutrality

EF to accelerate formal policy to address questions on conflict of interest over two EF researchers serving as advisors to EigenFoundation.

x.com/ayamiyagotchi

Is Ethereum Building Toward the Right Goals?

Geth core dev Peter Szilagyi raised MEV, liquid staking, and node centralization concerns, prompting responses from Dankrad & Vitalik.

x.com/peter_szilagyi

Two Brothers Arrested for MEV-Boost Relay Exploit

In relation to an exploit last year, the DOJ charged the duo with conspiracies to commit wire fraud and money laundering.

justice.gov/usao-sdny

Matter Labs Drops All "ZK" Trademark Applications

Applications were dropped after community discourse that "ZK" should be a public good, despite a proposal for an ownerless legal entity to hold them.

x.com/the_matter_labs

Linea Halts Sequencer to Prevent Further Exploit Damages

It was a last resort to protect users in the ecosystem from the Velocore DEX exploit. Meanwhile, the team reaffirmed its goal to decentralise the network.

x.com/LineaBuild

Developers

Simplified Cross-Chain Etherscan Verification

A tool that takes a verified contract from an Etherscan explorer on one chain and verifies it on other chains.

x.com/0xngmi

Following a Transaction from L2 -> L1

Visualised breakdown of how an L2 transaction is included in a block, sequenced in a batch, and eventually settled on Ethereum.

x.com/jarrodwattsdev

Community

Devcon SEA Supporter Program & Impact Forum

Apply to join the Devcon Supporter & Impact team, support Ethereum-related public goods, and receive Devcon SEA tickets as a thank you.

blog.ethereum.org

Tech Against Scams Coalition

Industry leaders like Match Group, Meta, Kraken, Ripple, Gemini, and GASO formed a coalition to safeguard users from online fraud & schemes.

coinbase.com/blog

Market Commentary

May Market Roundup

May Market Roundup

Market action around and beyond the $ETH Spot ETF approval.


Announcement: This section is moving to our trader-focused newsletter! Read more.

Pick of the Month

Transaction: Vitalik Donates to Tornado Cash Legal Fund

Vitalik donated 30 ETH after calling Alexey Pertsev's 64-month prison sentence by Dutch courts "really unfortunate" at DappCon Berlin.

Address: Gala Games Exploiter Returned Hacked Funds

Faulty internal controls let an exploiter mint 5B GALA tokens & sell 6M tokens for $21M. The $21M was returned, & 4.4B GALA burnt.

FAQ

Questions received last month:

How to verify a token contract that is bridged from another chain?
Typically, token ownership is verified by the deployer's signature. However, bridged tokens are deployed by the bridging service provider's address, so use the origin chain's deployer address for verification. Learn more.

What is MEV-protected transactions?
MEV protection guards against frontrunning, backrunning, and sandwich attacks, often using private channels for pending transactions. Etherscan now displays MEV-protected transactions sent via integrated partners.

Confused with some terms in this newsletter?
Remember to check the Etherscan glossary!

Pro Tip

View Hot Contract Functions in the past hour
You can get a glimpse into what the Ethereum community is currently doing onchain by exploring the top 30 most-called contract functions on Ethereum in the past hour. Simply go to the Contract Statistics page.

Jobs

Looking for a job in crypto? Check out these roles below:

Marketing Manager at WeWay | Remote

Social Media Specialist at RockWallet | Remote

Vice President of Marketing at RockWallet | Remote

Vice President of Product Management at RockWallet | Remote

Want to advertise a job on this newsletter? Send us an email.

Quiz: Ethereum Gas

POLL

Quiz: Ethereum Gas

Answer this quiz on Ethereum Gas and stand a chance to win $10 in ETH!

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