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Ethereum community members propose new fee structure for the application layer

On April 28, Ethereum community members Kevin Oowki and Devansh Mehta proposed a dynamic fee structure for the Ethereum application layer on April 27 to strike a balance between application developers 'revenue creation and fairness in fee extraction. The plan uses a square-root function to calculate the fee ratio, charging a higher proportion when the fund pool is small, and a fee cap of 1% when it exceeds US$10 million to support application developers and encourage project growth. Oowki and Mehta's proposal to balance revenue and profitability for Ethereum application developers reflects a growing call for reform of fee structures and value accumulation mechanisms to maintain Ethereum's economic viability relative to competing networks.

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