{"id":265590,"date":"2024-03-15T18:50:34","date_gmt":"2024-03-15T13:20:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=265590"},"modified":"2024-03-15T18:50:34","modified_gmt":"2024-03-15T13:20:34","slug":"zerion-announces-l2-subsidizing-transaction-fees-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/zerion-announces-l2-subsidizing-transaction-fees-crypto-news\/","title":{"rendered":"Zerion Announces L2 Subsidizing Transaction Fees – Crypto News"},"content":{"rendered":"

Zerion projects fee subsidies will offset revenue from user acquisition to its wallet service.<\/p>\n

\n

Zerion, a web3 smart account provider, announced plans to launch a Layer 2 network that won\u2019t charge transaction fees to users.<\/p>\n

Announced on March 14, Zerion\u2019s forthcoming Zero Chain will subsidize gas fees for users, taking advantage of the massive reduction in Layer 2 transaction costs following the activation of Ethereum\u2019s Dencun fork and EIP-4844 upgrade, also known as proto-danksharding.<\/p>\n

EIP-4844 replaced gas-intensive calldata with binary large objects (blobs). Calldata previously accounted for between 73% and 90% of Layer 2 transaction costs, with proto-danksharding driving L2 fee reductions of between 50% and 98%.<\/p>\n

\u201cIt\u2019s great to see gas this low with EIP-4844,\u201d\u00a0said<\/a>\u00a0Evgeny.eth, the CEO and co-founder at Zerion. \u201cThe next stop is ZERO.\u201d<\/p>\n

<\/p>\n

\u201cZERO fees are coming,\u201d\u00a0tweeted<\/a>\u00a0Zerion. \u201c Zero Network. Coming Soon.\u201d<\/p>\n

Zerion told The Block it plans to launch Zero Chain in late Q2 or early Q3 of this year. Zerion said it plans to implement measures designed to identify transaction spam in order to avoid subsidizing the associated fees.<\/p>\n

Zerion offers\u00a0smart accounts<\/a>, which leverage account abstraction to provide advanced wallet functionality. Users can manage and monitor tokens, staked assets, and NFTs across 14 different networks from a single interface.<\/p>\n

Zerion is betting that subsidizing transaction fees will drive acquisition for its wallet service, with the project hoping to earn greater revenue from wallet service fees than is spent to subsidize user transaction fees.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Zerion projects fee subsidies will offset revenue from user acquisition to its wallet service. Zerion, a web3 smart account provider, announced plans to launch a Layer 2 network that won\u2019t charge transaction fees to users. Announced on March 14, Zerion\u2019s forthcoming Zero Chain will subsidize gas fees for users, taking advantage of the massive reduction […]<\/p>\n","protected":false},"author":2,"featured_media":265591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-265590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/265590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=265590"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/265590\/revisions"}],"predecessor-version":[{"id":265593,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/265590\/revisions\/265593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/265591"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=265590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=265590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=265590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}