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Post: ETH Gas Fees Surge as ERC-404 Tokens Gain Popularity. Starknet Airdrop Frenzy Causes Disappointment Among Users. Uniswap Founder Warns Against ENS Domain Scam. EigenLayer Becomes Fourth-Largest Restaking Protocol with $7B TVL.

ETH Gas Fees Surge as ERC-404 Tokens Gain Popularity. Starknet Airdrop Frenzy Causes Disappointment Among Users. Uniswap Founder Warns Against ENS Domain Scam. EigenLayer Becomes Fourth-Largest Restaking Protocol with $7B TVL.

Key Points:

  • ETH gas fees have reached an eight-month high due to the popularity of ERC-404 tokens.
  • Starknet is experiencing an airdrop frenzy, with many users claiming they received fewer tokens than expected or none at all.
  • The founder of Uniswap warned against a scam involving Ethereum Name Service (ENS) domains.
  • EigenLayer has become the fourth-largest restaking protocol, with $7 billion in TVL.

ETH Gas Fees and ERC-404 Tokens:

Ethereum gas fees have surged to their highest level in eight months due to the growing popularity of ERC-404 tokens. As demand for these tokens increases, the cost of transacting on the Ethereum network has risen significantly. Users are experiencing high fees for every transaction, impacting the usability and affordability of the network.

The Starknet Airdrop Frenzy:

Users of the Starknet network have reported an ongoing airdrop frenzy, where many participants claim to have received a smaller number of tokens than expected or no tokens at all. The situation has caused frustration and disappointment among users who were eagerly anticipating the airdrop. The reasons for the discrepancy in token distribution are unclear at this time.

Uniswap Founder Warns Against ENS Domain Scam:

The founder of Uniswap, a popular decentralized exchange, has issued a warning about a scam involving Ethereum Name Service (ENS) domains. Users have been targeted by scammers who claim to offer ENS domains for sale at highly discounted prices. However, these domains are often stolen or fraudulent, leading to financial losses for unsuspecting buyers.

EigenLayer Rises to Fourth-Largest Restaking Protocol:

EigenLayer, a restaking protocol, has rapidly gained popularity and now holds the title of the fourth-largest restaking protocol. With a total value locked (TVL) of $7 billion, EigenLayer has attracted significant investment and trust from users. The protocol enables users to earn rewards by staking their tokens, contributing to the overall growth and adoption of decentralized finance (DeFi).

Hot Take:

The surge in ETH gas fees highlights the scalability challenges that Ethereum continues to face. High fees hinder the accessibility and affordability of the network and may drive users to seek alternative platforms that offer lower transaction costs. The ongoing airdrop issues on Starknet raise concerns about the transparency and fairness of token distribution processes. It is crucial for projects to address these issues promptly to maintain trust and confidence among the community. As the DeFi ecosystem expands, it becomes increasingly important to stay vigilant against scams and fraudulent activities that can harm users and the overall growth of the industry.

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