**Vitalik Buterin Proposes New Economic Model for Ethereum to Address Volatility**

Vitalik Buterin, Ethereum’s co-founder, recently expressed concerns about Ethereum's economic model on the X platform, highlighting a 'variance problem' in the current ecosystem. He noted the shifting focus over the past year, from discussions on Layer 1 (L1) extracting rent from Layer 2 (L2) solutions, to a reversal where L2 dominates.

Buterin emphasized the need for stability, advocating for an economic model that avoids drastic fluctuations in fees and taxes, which currently range from as low as 5% to as high as 95%. He proposed a model that ensures consistent fees for both L1 and L2, which would help reduce volatility and provide greater predictability for the Ethereum community.

He also stressed the importance of maintaining an ecosystem rooted in shared values, technical interoperability, and economic stability. Buterin pointed to initiatives like EIP-7762, rollup-based protocols, and fee-sharing models as key areas for future exploration, aimed at fostering a more cohesive and stable Ethereum economy.

#Ethereum #VitalikButerin #BlockchainEconomy #CryptoStability #EIP7762 $ETH

Holly molly the bear market affected some :)

‘Joining Forces’: Genesis and Gemini Discussed Merger Before Collapse
Image Concept: Two puzzle pieces, one bearing the Gemini logo and the other the Genesis logo, nearly connecting. This symbolizes the merger talks between the two entities before Genesis' collapse.
Post Text: Discover the behind-the-scenes merger talks between Gemini and Genesis, a unity that could have been. As the crypto landscape shifts, what lessons can we learn from these preliminary discussions?

#GenesisGemini #CryptoMerger #DigitalCurrency #CryptoCollaboration #BlockchainEconomy

🌟✨ Ripple's XRP is making waves in the crypto realm with a stellar 7% surge in wallet growth over just six months! 📈🚀 With a whopping 5.2 million nonempty wallets and a vibrant community vibe, XRP is showing its true colors! 🌐💼 But wait, there's more! 🎉 Dormant tokens are stirring, signaling seasoned stakeholders might be swooping in for the dip, all while Ripple CEO Brad Garlinghouse cheers on the community momentum! 🙌👏 And let's not forget the market dynamics – XRP's open interest hits a three-week high, painting a bullish picture for the future! 📊💰 #XRPGrowth #RippleUpdate #BlockchainEconomy 🌈🚀

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📈 Ripple Effect: XRP Wallet Growth Hits 7% in Just Six Months! 🚀

In a notable upswing, Ripple's XRP is demonstrating robust growth and burgeoning investor interest, according to recent on-chain data from Santiment. Here’s a quick look at the key highlights and what they mean for the XRP community and potential investors:

🌐 XRP Wallet Expansion:
- Impressive Numbers: The total count of nonempty XRP wallets has soared to 5.2 million, reflecting a solid 7% increase over the past six months.
- Vibrant Community: With only 1,939 out of millions showing zero balances, the active engagement within the XRP ecosystem is more palpable than ever.

🚀 Increasing Market Activity:
- Dormant Tokens Stir: A significant movement of previously dormant tokens was noted at the start of May, a pattern reminiscent of the one observed just before the market downturn on April 13.
- Strategic Moves: This movement suggests that seasoned stakeholders might be seizing the opportunity to buy the dip, indicating a strategic response to recent price adjustments.

💼 Corporate Enthusiasm:
- CEO’s Optimism: Ripple CEO Brad Garlinghouse highlighted the growing momentum within the community and the increasing number of projects being developed on the XRP Ledger.
- Community Engagement: The rise in community-led events is a testament to the growing popularity and acceptance of XRP as a mainstream asset.

📊 Market Dynamics:
- Open Interest Surge: XRP's total open interest on exchanges reached a remarkable $483.4 million on May 2, marking a three-week high and mirroring levels seen just before significant price movements in April.

#XRPGrowth #RippleUpdate #BlockchainEconomy

This uptick in wallet activity, coupled with significant on-chain movements, signals a potentially bullish outlook for XRP. As the ecosystem expands and more users flock to the network, Ripple could be setting the stage for a new era of growth.

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*What's your take on this surge in XRP wallet activity? Share your insights and join the discussion below!* 🌊💬