Author: Jaleel, BlockBeats researcher

Amidst the silence of the ordinals ecosystem, Ethions, which imitates the BRC-20 Token, suddenly exploded. After trading at 270-300 for 3-4 months, it nearly tripled to 800U last night.

This surprised many people. After all, when Ethion was first released, there was no index, no trading market, and it did not even have technical documentation prepared by domo like BRC-20.

Promoters are optimistic about ETHS and are entering the market in a big way

Ethions enables non-financial and arbitrary data to be written to the Ethereum blockchain, allowing users to burn any type of file as long as the file size does not exceed 96 kilobytes. According to its creators, while it currently only allows images - that will change in the future.

These burns utilize what is called Ethereum “Calldata,” which refers to data provided in calls to smart contracts. Lehman said this is cheaper and more decentralized than using contract storage. The protocol "guarantees the uniqueness of all valid Ethions content," the creators wrote on Twitter.

In a tweet published 2 years ago, @dhof graded ETH's "whole-chain NFT" based on different "whole-chain NFT" implementation methods. The one-star rating is to store the data in the data storage field calldata of the ETH transaction, the two-star rating is to store the data through the EVM opcode sstore and render the data through an external script, and the highest three-star rating is to use the EVM opcode sstore to Store the data and render it through the smart contract's built-in renderer to output an svg image or other similar data URI.

If we were to rate the Ethion based on this criterion, the Ethion would only receive a one-star rating. As mentioned at the beginning of its official website, Ethion is implemented by storing data in the data storage field calldata of ETH transactions. The rendering of images must be done through the off-chain index. By making the index open source, the off-chain operations will become decentralized.

And what is the reason for the arrival of spring in Ethion this time? Who are the driving forces behind this? What other superb operational methods are there?

"Brother, you know the traffic password"

In the process of Ethion's rise, KOL also found a lot of traffic passwords, which played a role in fueling the flames. The content of the post included "#ETHS". As long as it takes some time to "silently bloom" and wait for the ETHS army to attack, You can get a lot of one-click triple combos.

In Ethion's Telegram, community members are also on standby, charging together to increase traffic for relevant tweets. The higher the traffic, the more KOLs say, and the higher the price. Under their leadership, many small fish and shrimps also followed up, flooding the screen with relevant content, forming a strong traffic code.

"We focus on a new L2 narrative"

In addition, another operating method of the Ethion army is to compare ETHS with L2. This new narrative has been strongly spread within the community.

"Eths is another idea of the second layer of Ethereum. The second layer is a separate chain and can close the backdoor. Eths is traded on the Ethereum mainnet, and the gas fee is as cheap as the second layer. Swap, defi, and gamefi on the mainnet are all It can be implemented on eths. The most important thing is that it runs on the main network and cannot close the back door. It is safer and more decentralized than the second layer. Nowadays, the market value of various second layers is billions, while eths is only a few hundred "Wan" has become a copy-and-paste routine.

The source of this new L2 narrative seems to be Ethion's upcoming ESIP-5 and ESIP-6 development proposals.

The ESIP-5 proposal refers to Bulk Ethion Transfers from EOAs. Currently, non-contract addresses only support the transfer of a single inscription in one transaction. After ESIP-5 goes online, it will support batch transfer of inscriptions in one transaction. According to a tweet from @0xHirsch, each transaction can transfer up to 4,000 inscriptions, costing only 0.11 eth at current gas costs. The ESIP-6 proposal refers to Opt-in Ethion Non-uniqueness. Currently, only the first inscription with the same content (characters) is considered valid. Such indexing rules can ensure the uniqueness and uniqueness of inscriptions, but there are limitations and problems for usage scenarios such as smart contracts that require the transmission of repeated information. For example, the operation of the Ethions virtual machine requires the exchange and verification of information between smart contracts and Dumb Contracts.

Therefore, when the ESIP-5 and ESIP-6 development proposals are about to be implemented, Ethion community members believe: "Compared with other L2 solutions (such as ZK, ARB), ETHS can achieve cheaper gas than L2 without network switching. . After upgrading to ESIP-5 today, the gas per transaction has dropped to about 0.05u, and gas interaction is cheaper than many L2s."

In the context of the current encryption environment, the narrative, rhetoric and operation methods of the project have to become more and more fancy. With the help of clever means of community operation, Ethion has received a lot of traffic and attention. Regardless of the development of the project itself, the operational methods behind ETHS have proven how advanced the communication and operation methods in the crypto asset circle can be. But whether its technical strength can support today's high valuations remains to be tested by time.