The Ethereum network is considering a major shift in how it handles transaction fees. Developer Anders Elowsson has proposed a unified multidimensional fee model aimed at significantly improving user experience while increasing network efficiency.

This proposal builds on earlier ideas from Ethereum co-founder Vitalik Buterin, who already in 2022 pointed out flaws in the current system and called for a more sophisticated fee structure. Back then, it was only a theoretical concept – but now it’s taking shape as a real EIP (Ethereum Improvement Proposal).

💡 One max_fee to Rule Them All

Elowsson’s proposal allows users to set a single maximum fee (max_fee) that applies across different "dimensions" – meaning the various resource types used in a transaction (e.g., computation, storage, blob data, etc.).

This eliminates the need to set individual fees for different transaction components, simplifying the process for everyday users.

“Instead of splitting funds into rigid buckets, this EIP allows a single ETH pool to be dynamically allocated based on where the cost arises,” the proposal states.

🧠 Buterin Was Right – Multidimensional Fees Make Sense

Vitalik Buterin previously warned that different transaction types consume different resources, and combining everything under a single “gas” concept leads to poor optimization.

His proposal introduced two options:

🔹 The first calculated fees based on base rates for each resource,

🔹 The second introduced limits and priority fees for each resource type.

Elowsson’s new proposal now offers a practical implementation of this idea and aims to remove inefficiencies through a more effective and user-friendly system.

🔁 Merging EIP-1559 and EIP-4844? Yes, Please

This new proposal also seeks to unify two parallel mechanisms – the classic gas system from EIP-1559 and the “blob gas” introduced in EIP-4844. The goal is to eliminate technical debt and simplify Ethereum’s fee market.

📈 ETH on the Rise Despite Challenges

The proposal comes at a time when Ethereum is facing volatility – but also showing signs of recovery. ETH surged over 4% in the last 24 hours, nearing the $3,700 mark, a much-needed rebound after a 5% drop the previous week.

However, the price dip has had an impact, as ether-based ETFs recorded a record $465 million outflow in a single day – the largest in history.

🌍 Ethereum Still Dominates

Despite market swings, Ethereum continues to dominate the DeFi landscape.

🔹 Total Value Locked (TVL) in the network exceeds $81.5 billion,

🔹 Bridged TVL has reached an astonishing $480 billion.

These numbers far surpass those of competitors – for instance, Solana’s DeFi TVL stands at $9.74 billion, and its bridged TVL is around $50 billion.


Conclusion:

Ethereum is evolving. The introduction of a unified multidimensional fee model could mark a major leap forward in improving the network’s usability and accessibility – and serves as proof that even after ten years, Ethereum is far from standing still.


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