On May 7, 2025, Ethereum completed its last great update known as Payne, and the first 24 hours after its implementation, its first effect began to gain attention.
Activated ether burning
After Pein activation, burning of some of the ether (ETH) that users pay with operations I had an amazing rebounda mechanism that was actually established by the proposal for improvements to Ethereum 1559 (EIP-1559) in August 2021.
According to ultrasound money data reviewed by Cryptootics, the network has returned to deflationary state and revives a long period in which ether supply exceeds burns. Therefore, in the last 24 hours, Burning increased by almost 12% About total supply (blue line in the next image):
Pein does not directly change this mechanism, but the expectations generated by the updates encourage users to interact more with the network, increasing activity On-chain. This huge demand for ether for transactions sparked a burning, a phenomenon that reflected Ethereum’s enthusiasm for new capabilities.
Focus Gas Limit
Justin Drake, a developer of Ethereum and a member of the Ethereum Foundation (EF), is highlighted in one of the opportunities PINs will enable. Validators establish limits and vote for yours».
In this sense, at the beginning of February last year, Cryptonoticias notified of the network’s validator consensus, increasing the gas limit above 30 million, reaching 34 million near Drake before Pein’s activation.
Gas limits are determined The amount of operations a block can handledirectly affects transaction costs and capacity. PEIN improvements, such as optimizing block sizes and more efficient management of resources, allow the valtter to experiment with higher limits without compromising network stability, as developers express.
Drake also points to an ambitious future, referring to the purpose of reaching one second per second in layer 1. The analysis shows that it is equivalent to 10,000 transactions per second. However, he also assured that this situation would require advances in the zero-knowledge test (Zero knowledge,zk) For consumer devices, the horizon is still far away, but it clings to it.
Blob: More capacity, lower costs
Another palpable change behind the sin is observed in block processing. According to Etherscan Blocks like 22433092 already contain up to 7 Blobabove the previous average of 3-6.
As encryption explained, the chunks are Data Package Its Layer 2 (L2) solution is used to reduce transaction costs when storing information outside the main chain. EIP-7691, part of the PIN, raises the maximum to 9 Blob Blocks increase the network’s ability to support Roll uprelying on these data to work efficiently.
This increase will directly benefit L2 Allow them to process more transactions at a lower costintegrating Ethereum as a robust infrastructure for distributed applications.
Uses L2 impulses
The CAPA 2 solution also makes use of PEIN improvements. One of the most relevant L2s in ecosystems, Base reported a 2.5% increase in its ecosystem throughput According to the Grow the Pie site, in the last 24 hours.
At the same time, in the next image extracted from the same source, throughput Over the past 24 hours with other L2s, including Unichain, Wordl Chain, Soneium, Op Mainnet, etc.
he throughput In Ethereum L2, as mentioned as basic in the context of a network, it refers to the ability to process transactions per second (TPS) or, in some cases, millions of gas (MGAS/s), per hour.
This is an important metric that indicates the scalability of L2. This means that there are many transactions that can be processed efficiently while still maintaining low cost, taking advantage of the safety of the Ethereum main layer.
Jesse Pollak, the base developer celebrated with X: “The base gas target has now reached 35 mgas/s (+2.5) on the day of sin. We will continue to march towards 1 GGAS/s (gigaga per second).”
Concerns regarding EIP-7702
But not everything is passionate. The EIP-7702, which is described in cryptootics and allows standard Ethereum accounts to act as an intelligent contract wallet, has generated concerns among some users of X.
Users from the pseudonymous monsoon say, “Malicious sites may prevent you from signing a type 4 transaction (transaction format as defined in EIP-7702) and updating your wallet with malicious code that can later consume funds.” According to their analysis, the hardware of your wallet, those who operate your wallet «Non-mainstream» (unconventional) and anyone who is steadfast in a transaction without checking them is particularly vulnerable.
Vladimir S, a threat researcher in the cryptocurrency ecosystem, said, along with sin, “we just need to sign a message to empty our accounts.
but, Other experts have made these risks relatively. Defizard, a researcher at the Mantle Network, explained that wallets can implement protections such as safety systems such as Blockoid, which are already used by other chains such as Solana (SOL).
Finally, AmbiRewallet CEO Ivo Georgiev dismissed similar fears and secured a wallet with a reputation as meta mask, rainbow and more. Malicious sites do not allow requests for signature from EIP-7702 approval. Despite these assurances, the community emphasizes the importance of verifying each company to avoid risk.
In such a method, the first time after mining already shows network changes due to the burning of reactivated ether, increased throughput, and increased L2 ecosystem. However, remember that risks associated with new features such as the EIP-7702 require monitoring for Ethereum innovation.