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Ethereum Completes Glamsterdam Upgrade, Gas Limit Increased to 200 Million to Boost On-Chain Scalability

1 hours ago

On May 4th, Ethereum announced it successfully completed the **Glamsterdam Upgrade** on May 1st—marking the largest capacity expansion in its history by raising the block gas limit from 60 million to 200 million. This adjustment significantly boosts on-chain throughput, lowers costs for complex smart contract interactions, and aims to strengthen the high-performance public chain’s competitiveness. To tackle state bloat and operational strain on nodes from the expansion, the upgrade introduces **Verkle Trees** and a **State Expunging mechanism**: nodes can prune historical data older than one year and offload it to decentralized storage/archive nodes, keeping validator hardware requirements manageable. A **base fee smoothing mechanism** is also rolled out to mitigate gas fee volatility risks. The expansion has major Layer 2 ecosystem implications: thanks to reduced mainnet data settlement costs, Rollup costs are projected to drop by roughly 70%, spurring fee competition among leading Layer 2s like Arbitrum, Optimism, and Base. Analysts note the upgrade will cement Ethereum’s mainnet as a high-security settlement layer, with Layer 2s handling high-frequency, low-cost transactions—ultimately boosting the ecosystem’s overall scalability and user capacity.
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Bybit has launched BILL and simultaneously introduced a 20 million BILL Token Splash Trading Competition.

On May 4, Bybit Spot officially listed Billions Network (BILL). To mark the listing, the platform simultaneously launched the 20,000,000 BILL Token Splash Trading Competition—where users can join via deposits, trading, and other methods to claim generous rewards.

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Bitunix Analyst: Market Enters "Data Risk Week", BTC Rises to $80,000, Leveraging and Macro Sentiment Warm Up in Sync, Caution Needed for Long Squeeze

May 4th — The market is now in a phase of overlapping intense macro and geopolitical events. U.S. nonfarm payrolls, Federal Reserve officials’ remarks, U.S.-Europe tariff risks, and the Strait of Hormuz situation are top focuses for global funds. The U.S. military has announced the launch of "freedom of navigation operations," deploying 15,000 personnel plus sea and air assets to secure navigation in the Strait of Hormuz. Iran has warned any intervention could be deemed a ceasefire violation, with the conflict at risk of further escalation. In this context, BTC has continued its risk appetite recovery post-ceasefire, climbing above the $80,000 mark. On-chain settlement heatmaps show the $79,500–$81,000 range has seen high-density short squeezes, while the $77,000–$78,000 level acts as a short-term long defense zone — signaling a typical high-leverage hedging state. Notably, this week’s macro data will directly impact the U.S. dollar, U.S. bond yields, and risk asset sentiment.

4 minutes ago

The SKYAI presale early participants enjoyed significant returns, now ranking first in BSC Foundation token holdings value.

**SKYAI (BSC AI Project) Sees Explosive Presale Demand; BNB Chain Foundation Investment Surges in Value** On May 4, 2025, SKYAI—an AI initiative in the BNB Chain (BSC) ecosystem—rolled out an innovative community-led presale. Roughly 80% of its tokens were allocated to public participants, with the remaining 20% earmarked for liquidity support. Originally capped at 500 BNB, the presale blew past expectations: total subscriptions hit ~83,343 BNB, with over 110,000 participant addresses. This underscored fierce market interest in AI-related narratives at the time. **Early Participant ROI Example** A user who contributed 4 BNB (the full allocation) received ~38,000 SKYAI tokens after a 0.02 BNB deduction (returning 3.98 BNB). At the current market price of ~$0.60 per token, this holding is worth ~$22,000—delivering significant returns. **BNB Chain Foundation’s Investment Win** On-chain data and reports show the BNB Chain Foundation made two SKYAI purchases on May 12, 2025,

4 minutes ago

The Price of WTI and Brent Oil Fluctuates Upwards as the Media Reports the Impending U.S. Operation in Hormuz Strait

On May 4, market data from Bitget shows both U.S. Crude Oil and Brent Crude Oil prices climbed intraday. WTI Crude Oil surged more than 2% to $104.22 per barrel, while Brent Crude Oil gained 0.43% to top $108 per barrel after earlier falling more than 2%. Separately, on the news front, reports indicate the so-called U.S. Hormuz Operation will launch in a matter of hours. A spokesperson for Iran’s Ministry of Foreign Affairs, however, noted that current discussions about uranium enrichment are nothing more than speculation. “Our ongoing negotiations focus solely on ending the war—no other issues are on the table,” the spokesperson said. “We are in talks with Oman and need to establish a security protocol for vessels transiting the Strait of Hormuz.”

4 minutes ago

Iran: Current Negotiation Only About Ending War

May 4: Iran’s Foreign Ministry spokesperson said current talks on uranium enrichment are all speculation. Ongoing negotiations only focus on ending the war—no other issues are included. Iran is in talks with Oman to develop a security protocol for safe ship passage through the Strait of Hormuz. (Source: Golden Finance)

4 minutes ago

A U.S. Law Firm Seeks to Halt Transfer of Frozen ETH in Kelp Attack, Claiming Over $870 Million in Damages

On May 4, U.S. law firm Gerstein Harrow LLP filed a motion for a restraining order in court, seeking to block the Arbitrum DAO from transferring frozen Ethereum assets tied to the Kelp attack. The firm stated its client has secured default judgments totaling roughly $877 million (including punitive damages and interest) in three cases against North Korea, claiming a right to the related assets. Previously, on April 18, the Kelp DAO was hacked, resulting in losses of approximately $292 million—losses linked to the North Korean hacker group Lazarus Group. The Arbitrum Security Council subsequently froze around 30,766 Ether (valued at roughly $73 million at the time). The incident has sparked controversy. Some community members argue enforcing the restraining order would delay fund returns to affected users and shift North Korea-related liabilities to secondary victims. Earlier, Aave Labs proposed unfreezing the assets and directing them into a compensation fund to recover damaged a

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