Speculative Frenzy for "Small Love Potions" and Concerns Over Block Gas Limit
Crypto-gaming has been overshadowed by DeFi. That was until 4chan stepped in.
With Ethereum news being dominated by the current decentralized finance bubble, we take a slightly different perspective this week.
First up, Ethereum power-user and DAO contributor, Cooper Turley, has provided his take on some recent market developments for the game, Axie Infinity. His insight provides glimpse into the growing marketplaces and future opportunities coming to the land of Ethereum-based gaming.
đ This newsletter is in partnership with MCDEX: Trade perpetual ETH contracts and liquidity mine on the MCDEX decentralized exchange.
Axie Players Thrive from SLP Pump
By Cooper Turley
The anonymous forum, 4chan, has created waves in crypto gaming. Axie Infinity â an Ethereum-based arena game reminiscent of Pokemon and Tamagotchi â saw its in-game rewards token surge by more than 5000% off the back of a thread posted to the forum.
Read the full story âĄď¸
Next we discuss the block gas limit, a metric that is rarely discussed publicly and one that could spell trouble for Ethereum as the blockchain begins its transition to Proof of Stake.
We Need To Talk About The Block Gas Limit
By Nick Cannon
The Ethereum network is under heavy strain. A combination of increased stablecoin usage, yield farming and a resurgence of ponzi schemes have pushed Ethereumâs capacity to the absolute limit.
This limit â the âblock gas limitâ â states the total amount of gas (a measure of computational complexity) that can be contained within any given block on Ethereum. The limit is set by miners on the network and can be adjusted at will (albeit within some bounds).
Read the full story âĄď¸
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