Ethereum fee reform! Vitalik proposes a multi-dimensional gas model to cope with the low fee era.

As the Ethereum network sets a historic low in Gas fees, co-founder Vitalik Buterin teams up with researcher Anders Elowsson to propose a revolutionary "multi-dimensional fee model". This change will fundamentally rewrite how users pay, enhance network efficiency and scalability, and lay a new foundation for the future development of Ethereum.

1. Cost Structure Challenges Under Low Oil Price Background

In the past week, the median Gas price for Ethereum fell below 1 Gwei, reaching a new low for this year. While this means lower transaction costs for users, it also exposes the limitations of the existing fee structure during times of low demand. With the diversification of applications such as DeFi and NFTs, how to flexibly adjust resource allocation and optimize user experience has become the focus for Ethereum developers.

2. Unified max_fee: Highlights of Multi-Dimensional Fee Market Design

The multidimensional fee market proposed by Vitalik's team centers on allowing users to set a max_fee, which will be automatically allocated to computing, storage, call data, and other network resources. This design simplifies user operations and allows the protocol to dynamically adjust fund allocation based on real-time demand, enhancing capital efficiency.

The model unifies the existing EIP-1559 (regular Gas) and EIP-4844 (Blob Gas) fee mechanisms, using calldata as a pilot, and gradually expands to other resources of the Ethereum Virtual Machine (EVM), ensuring backward compatibility and a seamless transition for users.

3. Technical Details and Future Outlook

The new model introduces a gas compensation system, a fee update mechanism, and a universal pricing method, which can better cope with demand peaks and resource price fluctuations. In the future, this framework will support higher scalability and more flexible network activities, simplify user experience, and drive Ethereum to continue leading blockchain innovation.

At the same time, the development team is also exploring other upgrade solutions such as streamlining the codebase and enhancing security to inject more vitality into the ecosystem.

4. Potential Impact on ETH Price and Market

Although the Ethereum ETF has seen capital outflows recently and market volatility has intensified, analysts believe that if the new fee model is implemented and promotes network efficiency, the price of ETH is expected to challenge $3,800 and above. However, this expectation still needs to be observed in terms of market reaction and the progress of technical implementation.

Conclusion

The multidimensional fee model proposed by Vitalik provides a new solution for the sustainable development of Ethereum in the era of low fees. With network upgrades and resource allocation optimization, the ETH ecosystem is expected to usher in a new round of growth momentum. Investors should closely monitor technological advancements and seize potential opportunities.