What is ETHS (Ethereum Staking)
ETHS inscriptions were created on Ethscriptions on June 18, 2023, and are at the forefront of EVM inscriptions. They have the highest visibility, market value, and transaction volume in the Ethscriptions ecosystem, and are the only inscriptions fully endorsed by the founders of Ethscriptions. The OKX Web3 wallet ranked Ethscriptions Market (Etch Market) as the number one hot search, which shows OKX's strong support for Ethscriptions.
Recently, we can also see that OKX Wbe3 has frequently updated the SWAP (Facet) of the ETHS ecosystem and enhanced the trading fluency! It can be seen that OKX is very optimistic about the support of ETHS!
Main features of Ethscriptions: Ethscriptions leverages ESC-VM and dumb contracts to interact cost-effectively on the Ethereum mainnet, emphasizing decentralization. This approach reduces transaction costs and enhances information sharing, distinguishing Ethscriptions from L2 solutions. ETHS is more decentralized than other L2s, and the gameplay is more novel. The community consensus is stronger. It just caught up with the popularity of inscriptions, the Ethereum ETF narrative and the Cancun narrative. With the double popularity, the future space is very impressive!
Potential of Ethscriptions: Ethscriptions is seen as a layer 2 solution that solves many#Ethereumproblems and has attracted strategic investments due to its potential. It offers low gas fees, cost-effective on-chain interactions, and a high degree of decentralization on the#Ethereummainnet. Its scalability allows for a variety of applications similar to #DApps, #DeFi, and #GameFi. The possibility of inter-chain interoperability can make Ethscriptions a cost-effective cross-chain solution, which indicates its high growth potential.
ETHS also reached a high of 18000u per piece. After it was listed on the exchange, it experienced a large retracement, which also caught up with the decline of the popularity of the inscription. After the adjustment, it will start the rising mode again. It is still worth investing in the current position. You can enter the exchange OKX wallet Sesame and the trading market that comes with ETHS to participate! The next few months will definitely be an opportunity for the Ethereum ecosystem, including inscriptions and L2 staking, etc. are all passwords! ORDI is the first inscription on Bitcoin, and ETHS is the first inscription on Ethereum. The current market value of $ORDI is 1.4 billion US dollars, while the market value of $ETHS is only 150 million US dollars. The growth potential of $ETHS is very high. #ethi #ETHS