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The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.

Diving deeper into some of the biggest updates from Futureverse.

💫What’s happening: Gas fees on The Root Network have been reduced an additional 38%, according to a statement by the team on X.

💫Why it matters: Gas fees are continuously a point of contention for users. Many people don’t want to participate in onchain activities if gas fees are more than a nominal amount – and especially if they’re high. While a number of chains have pushed toward this initiative, The Root Network’s latest push signifies its commitment to making onchain activities affordable.

This comes about 6 weeks after The Root Network announced in mid December 2024 that gas fees on its chain lowered about 65% than its previous amount. This signifies its continued commitment to making it cheaper.

In addition to gas fees lowering, the network is focusing on improving costs across a number of other facets: closing the gap between its native blockchain and EVM-chain costs, monitoring market conditions for fair fees and exploring automation elements to optimize for better market-driven options.

The Root Network allows any-token to be used for gas fees with the native FeeProxy pallet handling any swaps needed to XRP in the background, providing convenience for users. People can also bridge assets between the network, Ethereum and XRPL for interoperability.

This initiative could also lead to faster transaction processing, less congestion on the network and more optimized, efficient onchain interactions, thus making the chain more user friendly.

💫 TLDR: Gas fees are commonly seen as a friction points for users who want to interact onchain, but don’t have unlimited funds to do so. By minimizing the gas fees for users, the opportunity for onchain activity grows substantially.

For example, the real-time gas price on Ethereum to swap on the layer-1 blockchain ranges from $2.32 to $2.79, according to Etherscan data. While that might seem cheap, doing a bunch of transactions will make that amount add up quickly.

Gas fees are an important part of any onchain interactions, as they provide the transaction cost for activities on a network. But by making gas fees, among other elements, more affordable and accessible, it can encourage wider adoption onchain. This is especially true for smaller transactions, when users don’t want to pay a substantial portion of funds toward a small action.

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.