Ethereum developers are launching a new layer-2 solution, the Ethereum R1. Unlike other L2 solutions, this project will not feature any token and depend only on donations.
The devs of the project even Commented Launching: “General goals L2 should be goods-simple, replaceable, and free from centralized dependencies or risky management. The Ethereum R1 is our answer to that call. The roll-up grounded to credible neutrality, decentralization, and resistance to censorship.”
Ethereum's transaction fees dropped to the lowest of five years in April
ETH developers claimed that most current L2s work more similar to new L1 projects than scale solutions with private appropriations, fuzzy management, and centralized control.
Recently, users have also raised concerns about how Ethereum L2 projects are drift from the basic interest of the base layer.
The Ethereum R1 is a way to address all those issues, with the project team that emphasizes that it will not have a adventure fund or any pre-mined allocation token or a management token.
The network began to lay down for new L2 projects earlier. In March 2024, they released Dencun upgrading, which reduced fees for existing L2 Scaling solutions. However, the base layer revenue weakened nearly 100% of September of that year. Moreover, transaction fees to its base layer continued to sink, reaching a five -year -old man to $ 0.16 per transaction in April 2025, especially driven by reduced demand for the block space.
Some analysts have indicated that L2 growth incentives have caused the base layer income, which the network is required to re -consider its options.
Ethereum's dominance and demand take
In recent months, demand and relationship with new users for the ETH network has dropped. However, according to Growthepie, there is a 62% increase in the week-on-week-to-week active addresses and another 57% advancement of layer 2 dominance.
Recently, ETH has the highest sentiment on the market with 82%, while Solana and Bitcoin comply with only 3.6% and 2.7% respectively.
In addition, Lookchain reported that crypto whales were in a hurry to buy ETH. In the last few hours, they gained 5,362 ETH for over $ 7.2 million. A businessman with the '0xDDB4' address received a loan from AAVE, about $ 3.44 million USDC from AAVE, and bought 1,856 ETH.
Another whale, '0xF84D', borrowed $ 1.64 million USDC, led it, and bought 1259 ETH with $ 2.34 million USDC. Other entrepreneurs, '0x69D0', took 2,250 ETHs worth $ 4.12 million from the Binance Crypto Exchange.
Ethereum flashes under signal as basic metrics in the main rebounds in advance
The Ethereum price was on a bullish path yesterday, May 1st, after crossing above $ 1,850 for the first time in more than three weeks. The gains are in the middle of the chatter whose ETH can hunt to a local bottom, with key on-chain metrics that support this hypothesis.
ETH value now Trading in $ 1,841 with a moderately 2.56% gain within 24 hours. Uptrend coincides with a 60% spike in trading volumes as the market eagerly awaits if a breakout above the psychological level of $ 2,000 will occur next.
Ethereum exchanged below a $ 2,000 level for most of the past two months. The price struck at less than $ 1,400 on April 9.
It made something worth $ 1,550 and higher on April 22, even after a wide market lift in Bitcoin, it revived the momentum. The ETH price, however, sank again on April 30, dropped to $ 1,736 in two hours.
The ETH price only had more forced closure during this sink, which led to $ 67 million compared to Bitcoin's $ 64 million. In a total of $ 291 million, $ 48 million is in a long position, per Coinglass data. Such fluids often lead to a rapid drop in price, destroying businessmen and short -term emotions.
Subsequently, Ethereum's short -term chart formed the pattern of the head and shoulders. This technical formation is usually connected to the return of the trend and how entrepreneurs can evaluate the upcoming price movement.
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