- The host discusses fake news regarding the approval of BlackRock's Spot Bitcoin ETF
- The news was initially reported by CoinTelegraph but was later confirmed to be false
- The host advises caution when consuming news without legitimate sources, especially in the crypto market
- The spike in prices due to the fake news highlights the potential impact of ETF approval on the market
- The CEO of BlackRock's comments on the incident suggest that crypto is considered a legitimate and quality asset class
- ETF application companies are likely contacting clients to encourage investment in their products once approved
- The potential inflows from ETFs are significant and could have long-term effects on the market
- The ETF approval is seen as a catalyst for a new bull market, with price ranges to watch for breaking
- Gary Gensler is seen as the main obstacle to ETF approval, but it is expected that approval will eventually be granted.

- The approval of BTC ETFs validates the belief that Gary Gensler has been blocking their approval, influenced by Elizabeth Warren's anti-crypto stance.
- The SEC has lost enough court cases and will begrudgingly approve ETFs, despite Warren's opposition.
- Gensler is seen as a puppet for Warren and unlikely to quit his position.
- A Vampire Attack on Lido has seen significant growth in TVL and rewards.
- Calculating rewards from the attack can be lucrative, but the specific payout structure is unclear.
- Uniswap Labs has announced a fee on their front end, causing controversy within the community.
- UNI token holders feel shafted as they have not received fee rewards, while Uniswap Labs benefits from the front end fee.
- More sophisticated users are likely to use alternative front ends like Cowswap, Matcha, or 1inch.
- Uniswap Labs is banking on new users and convenience to drive usage of their front end.

- Fees in traditional finance (TradFi) and decentralized finance (DeFi) are expected to race to the bottom.
- However, this will take time and require DeFi to become more widely adopted.
- Only 35-40% of trades on Uniswap are currently done through their front end, compared to 90% in 2019.
- Uniswap's fee switch may never be turned on, making the Uni token less attractive for investment.
- Rabi Wallet has announced Rabi Desktop, a dedicated client for Dapp security, which offers more app support and security features than Ledger Live.
- Non-English traffic to ethereum.org has consistently grown over the past four years, reaching around 30% of page views.
- Translating crypto platforms and resources is important for global accessibility and adoption.

- CoinTelegraph initially reported fake news about the approval of BlackRock's Spot Bitcoin ETF
- Host advises caution when consuming news without legitimate sources, especially in the crypto market
- Spike in prices due to fake news shows potential impact of ETF approval on the market
- CEO of BlackRock's comments suggest crypto is considered a legitimate and quality asset class
- ETF application companies likely contacting clients to encourage investment once approved
- Approval of BTC ETFs seen as catalyst for new bull market with specific price ranges to watch
- Gary Gensler seen as main obstacle to ETF approval, but approval expected eventually
- SEC expected to begrudgingly approve ETFs despite Elizabeth Warren's opposition
- Vampire Attack on Lido results in significant growth in TVL and rewards
- Uniswap Labs announces fee on their front end, causing controversy among UNI token holders
- More sophisticated users likely to use alternative front ends like Cowswap, Matcha, or 1inch
- Uniswap Labs banking on new users and convenience to drive usage of their front end
- Fees in TradFi and DeFi expected to race to the bottom but will take time and wider adoption
- Only 35-40% of trades on Uniswap currently done through their front end, compared to 90% in 2019
- Uniswap's fee switch may never be turned on, potentially making Uni token less attractive for investment
- Rabi Wallet announces Rabi Desktop, a dedicated client for Dapp security with more app support and security features than Ledger Live
- Non-English traffic to ethereum.org consistently growing, highlighting importance of translating crypto platforms for global accessibility and adoption.

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The Daily Gwei Refuel gives you a recap every week day on everything that happened in the Ethereum and crypto ecosystems over the previous 24 hours - hosted by Anthony Sassano.

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Timestamps and links 👇

00:00 Introductory song
00:09 Fake News announcing BlackRock ETF BTC spot approved
https://twitter.com/EleanorTerrett/status/1713913109272809602
04:32 BlackRock's Larry Fink describing crypto as “flight to quality”
https://twitter.com/pythianism/status/1714026700894359838?s=20
09:14 Evidence of SEC’s support for crypto, not Gensler
https://twitter.com/EricBalchunas/status/1713928712121454858
11:52 Dune board displaying stats on Diva vampire attack on Lido
https://twitter.com/TrustlessState/status/1713942919793479977
15:21 UniSwap Labs introducing trading fee
https://twitter.com/haydenzadams/status/1713987105666265113
20:24 35-40% UniSwap trades done through their front end
https://twitter.com/1kbeetlejuice/status/1714096389024579796
22:57 Rabby desktop app
https://twitter.com/Rabby_io/status/1713889996770361583
24:47 Growth of non-English speaking traffic to Ethereum.org
https://twitter.com/0xstark/status/1713992003355328869

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DISCLAIMER: All information presented across all of The Daily Gwei's communication channels is strictly for educational purposes only and should not be taken as investment advice.

Hello everyone, welcome to another episode of the Daily Gray Refuel, where we recap the latest news in the Ethereum ecosystem.

I'm your host, Enhanced Asano, and today is the 17th of October, 2023.

So I'm sure you were all made well aware of what happened yesterday with regards to some ETF news, or I guess fake news, as it is known now.

So just a quick kind of context here and a quick background story.

There was an announcement out of Cointelegraph which is 1 of the crypto media companies out there basically announcing that BlackRock's Spot Bitcoin ETF had been approved.

Now, of course, at the time, as soon after that announcement, I kind of looked at it and I was just like, what's the source on this?

Because they didn't cite any source, they didn't cite the SEC's website or BlackRock's website or anything like that.

So Immediately I kind of was doubting the news to be honest especially because as I've said before The SEC is probably going to approve all of the spot ETFs at once and the fact that coin telegraph had the Exclusive was also a major red flag for me because they never have an exclusive on anything They're basically a copy paste media organization for the most part where they basically just relay the news from other other sources Which is fine, but as I said, they're not usually the 1 to break the story So taking all that into account I went and after I saw the tweet I went and looked at the charts and I saw that BTC had an ETH and everything.

It spiked massively on the news, of course.

But then moments later, people started calling it out as fake news and being like, you know, where's the source on this?

And then slowly, slowly, it came to light, I think within 10, 15 minutes, that it was indeed fake, completely fake.

It was completely made up, it seems, by Cointelegraph, and they later deleted their tweet, which you can see on my screen here.

Their tweet's not available, but Eleanor here, who works at Fox Business, basically said that BlackRock confirmed to her as well that the information was false and their application is still under review.

Now, obviously a lot to unpack here with what happened.

I think the number 1 thing is that when you see some news without a source, and also if the sources are just self-referential where essentially what ended up happening with this is Cointelegraph put this out there and then I think Bloomberg even picked it up and Reuters and they were basically sourcing each other and then the ultimate source was still Cointelegraph But usually when you see news like this and there's no kind of legitimate source behind it, then it's most likely fake news, right?

It's most likely not true here, especially when it comes to crypto related news, especially when it comes to stuff that's market related or can impact markets.

Because as we all know, the spot BTC, ETFs being approved, obviously, I mean, we now know that that would have a massive effect on the market, which is another thing that people were talking about as well, where they were basically saying, if this happens on fake news, imagine what happens when it's actually real.

Like imagine all the demand that comes in.

And you can kind of see from the price action just how much demand is waiting on the sidelines here.

And people will ask, why are they waiting on the sidelines if They basically just ape in as soon as the news comes out.

I mean, people maybe don't understand this about trading, but essentially what ends up happening is that a lot of the asks, that is the orders that people have on there to sell their BTC at, for example, they're not necessarily that much higher than the current spot price, because a lot of the times people aren't going to put their asks at like 30K, right?

If they're a trader, they're probably gonna put it a bit lower, depending on what the market makers is doing and stuff like that.

So essentially what happens is that in a news driven event, the price spikes really quickly from, honestly, algo bots and some traders just buying into it.

You get a massive liquidation of people who were short.

And then because there's not many asks there, the liquidity is quite thin.

And that's why when you look at the charts, he's got all these wicks on the charts.

The wicks are usually that playing out essentially.

And because of that, that can give you, I guess like better technical analysis if you're into that sorts of stuff.

But it can also give you a signal around what kind of move it is now obviously this move was just purely Driven by that news, but at the same time it does show that there is a lot of sideline demand in my opinion And it does show that there is a lot of kind of open air above current prices where there's not that many asks sitting there and I do believe that if the Spot BTC ATS were approved for real there would be a really really strong bid there And you know, I'm not the only 1 saying this, you know There's a lot of people on Twitter saying this and I don't think it's hopium because you know there's a video that came out with an interview today that Fox Business did with Larry Fink, where he talked about this incident, of course, because Larry Fink is the CEO of BlackRock.

And he basically said, well, even the fake news caused the price spike because he believes that it's a flight to quality.

He believes that the crypto asset class as a whole, not just Bitcoin, is a flight to quality.

Now, to hear the CEO of the largest asset manager in the management firm in the world say this is a really, really big deal.

And I don't think people have digested just how big of a deal this is.

Because not only is he sending a very, very strong signal to the world that crypto is a legitimate asset class, but he is also saying that it is a quality asset class.

It is somewhere where you basically put your money in when you want to fly it to quality, right?

Where you want to basically use it as a store of value, right?

Which is an extremely strong proposition, I think, coming from him, because it just signals to all of these people that even the most serious and the biggest kind of asset managers in the world think this way.

Now on top of that, what do you think Larry and BlackRock and all the other spot ETF kind of application companies are doing right now?

They are contacting all of their clients, especially their high net worth clients, they are convincing them to put in a small portion, maybe it's only 1 to 2% of their net worth into their Bitcoin spot ETFs once once they launch, because for them, the launch is a huge marketing event, like if BlackRock launches their ETF, or the especially BlackRock, I think, launches their spot BTC ETF, and you see like no inflows, That would obviously be a huge blow to the narrative That would be a huge blow to them as a company and it would be a really bad look So, of course, they're out there convincing all of their existing clients to put 1-2% which isn't a huge ask, right, into these products and basically pitching them with analysis of the different kind of types of value accrual for things like Bitcoin, right, how to store value, how to fly to quality, and that's what you're seeing here.

Larry is basically just saying out loud what he already says to BlackRock's clients, essentially what their marketing departments say to BlackRock's clients.

And it's not just BlackRock, of course, it's all of the other ETF application companies as well.

They're definitely kind of marketing to their existing client base because they have tens of billions, hundreds of billions, trillions of dollars, right, are under management.

And if only 1% to 2% of that goes into a BTC spot ETF on like, let's not say day 1, but like let's say the first few months of it, that's a huge amount of inflows.

And you have to remember that once these products are live, it's not like we're just gonna get like a couple of days of huge inflows or a couple of weeks of huge inflows and then it stops.

The inflows may slow down because obviously there's that pent up demand when it first goes live, but then you have a trickling in over time in perpetuity basically until I guess like these products essentially I guess like die or I don't know, it would last a very long time, decades, to be honest, at this rate, right?

So when you look at it like that, and from that perspective, I think it's safe to say that the ETF stuff is still not priced in, and people are kind of wondering, okay, well, are we gonna price it in now?

Like, is this fake news event actually bullish because it showed the market that there is that pent up demand there that the ETF stuff isn't actually priced in.

So it remains to be seen how that kind of plays out there, but I do strongly believe that it's not priced in.

And as I've said before, guys, all that really is required to start a new bull market is breaking those crab market ranges.

For ETH, it's 2.2k or around that, right?

And BTC went to 30k on this announcement here.

So and it's still at like, what, 28 something K and ETH's at like 1600 or almost that.

So we're really not far away from breaking those crab market ranges.

Now, once they break and hold, which I expect to happen probably next year, Q1 or something like that, that would be the official start of the bull market, right?

Like that would be the, oh, okay, wow, the bull market's back on.

I better get it now or I'm not gonna have an opportunity because it's gonna get away from me.

I do think that that would be the case there.

And I do think that, I mean, obviously I'm not the only 1 who thinks this, but I do think that people at BlackRock and these other kind of other companies that have submitted for ETFs, I think they think this way as well.

They're definitely looking at things like the four-year cycle.

They definitely understand, I guess, like crypto very well.

I think they definitely understand the various market-related memes, like the four-year cycle and stuff like that.

You know, I haven't really heard anyone talk about stock to flow lately, and thank God, because stock to flow is basically voodoo science.

But yeah, I feel like that's all definitely playing a big part there.

Now the last thing on the ETF news was Eric Bocana sharing that Cathy Wood, who is the CEO and founder of ARK, which has the BTC spot ETF approval deadline of Jan 10th.

So whenever you hear me talk about ARK, it's Cathy Wood's firm here.

She said that the only blocker to the BTC spot ETFs right now is Gary Gensler.

Now, this is not news to us guys, like we all know this is the blocker here.

The Gary Gensler is pretty much the only 1 standing in the way of it, but I think that it doesn't matter at this point because he's not gonna stand in the way with it anymore.

These things are definitely getting approved, but I think it's just validation, I guess, that from 1 of these companies that have applied for a spot BTC ATF multiple times, it just validates the thesis that we basically all have that Gary Gensler has been the way, 1 that's been in the way.

And really, if you actually look at it, it's not so much Gary Gensler as it is Elizabeth Warren because she's his boss basically, and she is telling him what to do, and she's been very anti-crypto.

And at this point, I think that the SEC has lost enough court cases that they have to begrudgingly approve these things now, even if Elizabeth Warren doesn't want this to happen, I don't think she can stand in the way anymore of this.

I know we all like to rag on Gensler a lot, but honestly, if Elizabeth Warren was telling him to be pro-crypto, he would be pro-crypto.

And whoever she listens to, I'm not sure.

She strikes me as someone who, she probably has people that she speaks to and people she aligns with, but she strikes me as someone, and I'm not an expert on US politicians, of course, but she strikes me as someone who has her own kind of agenda and she runs on that platform because it gets her votes and stuff like that against like financial crimes generally.

And she buckets it all together, especially crypto, obviously because of the FTX stuff and Terra and all the other scams and stuff.

And then she filters that down to the regulatory agencies, such as the SEC.

And then of course, Gary Gensler's not gonna say no to his boss, just like you guys wouldn't say no to your boss.

You know, you can always quit, but for him, he's not gonna quit being head of the SEC.

That's 1 of the most prestigious, I guess, appointments in the regulatory apparatus in the US.

And it is the stepping stone for where he wants to go next, which is either the Treasury Department, or maybe he wants to go back to private and become like a high up at a private company where he would obviously be paid a lot more.

But regardless, his goal is not to quit just because he disagrees with his boss.

I don't think he cares about crypto that much to sacrifice himself for crypto, right?

So yeah, good to think about that when, I mean, not to say that Gensler isn't a snake in his own right, in my opinion, but I think that he's just listening to his boss for the most part at this point.

So David Hoffman shared a Dune Analytics dashboard and a DivaScan dashboard here showing the progress of Diva's Vampire Attack on Lido.

So on here, which is divascan.io slash enzyme, you can actually look and see what the current amounts of STE and ETH that have been deposited into this Vampire Attack contract is and how many holders there are.

So still early days, but right now there is 14,404 STETH and ETH deposited with 626 holders.

And you can see the TVL over time has actually been growing since October 9th.

It's actually spiked quite a bit, which is really cool to see there.

And then you can see down here what the tranches look like for rewards.

So you get different DIVA token rewards depending on how much a cumulative ST-ETH and ETH is staked.

And also, and you can see here, like right now we're in the 10 to 20k tranche so you're getting 2.25 D.Va per day if you put in per ETH right.

So you can see here that you would get 2.25 D.Va tokens per day per I think like 1 ETH if I'm reading it correctly here.

And then you can obviously put in more ETH as time goes on.

And as I said yesterday, or maybe the day before, I said that it's really hard to know what you're gonna get from this vampire attack because DIVA does not have a price yet.

But if you wanna do a naive assumption on what DIVA would be worth, you can work out the price.

Now, I don't want to give investment advice here or give kind of any kind of assumptions about what DIVA is worth, but just for a thought experiment here, I'm just gonna say a number just to kind of give you an example of how you can work this out.

So let's say at launch, Diva's fully diluted market cap is $100 million, right?

Which is, I mean, it could be that, it could be higher, it could be lower, as I said, it's just an example here.

And then there's a $1 billion total supply of Diva, which means that each Diva token would be worth 10 cents if D.Va was worth a hundred million dollars, right?

So at 10 cents per D.Va if you're looking at the reward rewards right now, you would be getting 2.25 D.Va kind of per day here so times that by by 10 cents times that by the amount of ether you're getting.

And then you can kind of work out the dollar value here and what you're getting with this kind of vampire attack.

If I'm reading this correctly, I may be reading it wrong, but that's how you would normally do it, right?

You just assume a market cap, divide it by the total supply, you get the dollar amount, and then you'll be able to see the rewards that you're kind of getting here in terms of like DIVA tokens.

So it can be quite lucrative for you if you wanna do that.

So you can go check out this kind of like table here for the tranches.

I think I'm calculating it wrong because there is another column here that basically says in this tranche 68 to 412.

I don't know if that means You're getting 68 to 412 diva tokens per 1 eighth depending on where you are in in the tranche are I?

I don't know what that means there, but yeah I mean, I'm maybe I'm gonna have to look into that some more and see exactly how that payout works there but once you get the actual figures, as I said, that's how you would work it out there.

But yeah, great to see the vampire attack continuing and Lido's dominance has actually been still going down.

I mean, it's kind of hard for it to go down right now because there's no new ETH entering.

The deposit queue is basically empty right now, but it has gone down as I kind of mentioned yesterday there.

All right, so I think that the other biggest news of the last 24 hours besides all that ETF news was the announcement that Uniswap Labs is going to be putting a fee on their front end.

So you guys know that Uniswap Labs runs the official Uniswap front end, the 1 that we've all been using for years now, you know, whatever it is, app.uniswap.org I think it is.

I just want to make sure that's the 1, so I don't send you guys to a phishing website.

I never actually look at the URL because I have it, I have it bookmarked.

But yeah, app.uniswap.org is the kind of proper URL there.

But that is going to have a 0.15% swap fee on the, I guess, like majority of Volume that the that the tokens go through so I think it applies to like ETH and wrapped ETH and wrapped Bitcoin and stablecoins So obviously it covers most of the volume that passes through Uniswap here now, of course this caused a bunch of drama within the community for a few different reasons.

The first reason is that the UNI token is kind of useless, right?

And for years now, you know, basically the Uniswap Labs team has said it's up to governance.

But we know that's a meme because governance is controlled by the Labs team and also the VCs.

And the fee take token, sorry, the fee switch on the token has not been turned on yet.

And then in comes Uniswap Labs and says, well, we're putting a 0.15% fee on our front end.

That's not going to token holders at all.

That's going directly to Uniswap Labs and their equity holders.

So that's what pissed a lot of people off.

I don't think people were annoyed about the fact that they're putting a fee on their front end because I'm not even annoyed about that.

I think that's just a logical thing for them to do.

You know, if you're running the front end, if you're running the infrastructure for it, then, and you're not putting the fee on the contracts themselves, and that's all well and good because the Uniswap protocol doesn't have this fee on it because the Uniswap protocol is Is decentralized in is immutable and is not owned by Uniswap labs It is is immutable on a theorem anyone can tap into it and there's various other Finance that you can use and I think a lot of people are actually going to be using a non Uniswap labs front-end now I think really at this point the official Uniswap front-end is used by probably noobs who don't know any better and also retail investors who couldn't care less about fees or DJN investors, I should say, They couldn't care less about fees because they're aping into meme coins But honestly all the more sophisticated or at least in the know people within crypto are not using uniswap labs as front-end anymore They they're using things like cowswap or matcha or 1 inch right these aggregators Because not only do they give you a much better price, but also now you're not going to be suffering or not suffering You're not going to be paying this 0.15% swap fee just like if you're a more sophisticated Crypto user you're not going to be using MetaMask swap feature which takes a 0.8% fee, right?

You're going to be using 1 of these other kind of I guess front ends out there and Again, ultimately you can always interact with the uniswap contracts using your own locally built front ends But there is kind of issues around routing and finding the best route and stuff like that.

So you're better off just sticking to, for most people out there, you're better off sticking to things like Cowswap and Matcha and Oneinch.

I mean, I'm personally an absolutely massive fan of Cowswap.

And yeah, I think that's what most people in the know are going to be doing but obviously Uniswap Labs is banking on the fact that there are a ton of new people out there that don't know any better and there's a Ton of people who just care about convenience over anything else and there's a ton of Dgens that are going to be using the Uniswap Labs front end, which is totally fine.

But still, UNI token holders feel very shafted here because they haven't had a fee switch turned on for UNI tokens for years now.

And it feels like Uniswap Labs double dipped because not only do they get a portion of the tokens allocated to themselves from Genesis.

They also get the this kind of like front end fee, which goes directly to them and their equity holders as well.

And the equity holders are probably the same VCs that hold their tokens too.

So yeah, That's kind of why it riles people the wrong way there.

But in the end, I think I'm gonna talk, I'm actually gonna talk about this with Eric Conner this week, because we have another 1 of our drive-thrus that we're gonna record.

We're gonna talk about how within TradFi, fees actually pretty much like race to the bottom.

And that then Eric strongly believes that the same thing is going to happen within within DeFi.

And I don't disagree with him, I do think that fees are going to be a race to the bottom.

But in terms of time frames, I think it's going to take a while, it's going to take until DeFi is basically saturated, or at least on chain products have saturated the global population.

And it's as kind of like adopted or near as adopted as TradFi is today because unless it's in that world you're always going to have noobs to fleece basically.

I think that's what a lot of these fees rely on.

It just relies on naive people who don't know any better and don't know they can get a better deal elsewhere.

But generally, I do agree with Eric on that.

But we're going to discuss that more on the drive-thru this week.

But just on the note about market share here, I saw an interesting tweet here from Beetle who said, who works at research at the block, who said only about 35 to 40% of trades on Uniswap are being done through their front end.

Now, of course, this makes sense because obviously a lot more interfaces have come online for Uniswap over the last couple of years, especially aggregators as you can see here.

Aggregators take up a huge market share and there's unknowns as well, which I would assume are probably some sort of like, not aggregators, but like other interfaces that people are using to interact with Uniswap.

So I expect this number to probably drop 35 to 40%.

It's probably gonna drop now that they've turned on the fee.

But yeah, I mean, it's still a large chunk of change for them, the 0.15%, because if they're doing hundreds of millions of dollars of volume through there, or billions of dollars of volume through there, then obviously it's a big deal for them.

And honestly, I don't fault them for this at all.

As I said, it's their infrastructure, it's their front end.

They also built the protocol, but I think that the Uni token holders feel very shafted.

And honestly, you should feel shafted if you hold Uni tokens, because when is that fee switch gonna get turned on, right?

And them doing this front end switch just shows that maybe they're never gonna vote in favor of that, and maybe it will never get turned on.

Me personally, I don't hold Uni, haven't held it since the airdrop basically, because speculating on that token accruing value from the fee switch is a huge risk.

Obviously it could be potentially be a huge reward as well, but the risk is too large for me to invest it.

So Uni as a token is uninvestable to me because of that.

And yeah, people holding it obviously feel snubbed by this as they should but at the same time I do not blame uniswap for wanting to take a fee on their front end Oh uniswap labs, I should say for wanting to take a fee on their front end because it's their infrastructure They run it.

Just like there are other front ends out there that will also take fees, just like MetaMask swaps feature takes a fee, just like centralized exchanges take fees.

There are gonna be fees everywhere guys for offering the service to you, but you do have choices.

Just like in centralized exchanges, you have choices about which 1 you use and what fees you pay.

You have plenty of choices within DeFi of how to interact with Uniswap contracts, for example, how to interact with other protocols out there.

Unless the fee is actually in protocol itself, If it's just at the front end, you can always get around it 1 way or another.

So yeah, anyway, I'll save the rest of my takes for the episode I'll do with Eric this week with the drive-through.

All right, so Rabi Wallet has announced a new product today which is Rabi Desktop, which is a dedicated client for Dapp security.

So you can think of Rabi Desktop as basically a very similar thing to Ledger Live.

So Ledger Live is a desktop application that lets you interact with a bunch of different things on chain, such as interacting with, you know, DeFi, interacting with your different addresses on your hardware wallets, things like that.

Well, Rabi Desktop is a alternative to Ledger Live here.

And honestly, it already looks a lot better.

It's got a lot more app support, it seems like.

It definitely has more security, if it's anything like the Rabi Chrome extension, which I've talked about before.

And it's got here, you can add new dApps yourself, you can add IPFS dApps, you can add local files for dApps, you can have like your own front end running within Rabi here, which is very, very cool.

And yeah, it's got, oh yeah, it's got the same security features here because you can see that the Rabi wallet looks exactly the same as it does on the web browser extensions there.

So this is actually very, very cool because I don't think Ledger Live is going to allow you to basically implement, I don't know if they already do this, but if they don't, I doubt they're going to do it, where they allow you to add your own kind of IPFS or your own files and get around any kind of a front end fees that they wanna take.

As I was just talking about with Uniswap, Ledger Live is 1 of Ledger's premier products where they can capture revenue from it, right?

By charging fees for various different things.

Whereas I don't think that's Rabi's kind of goal here.

Maybe it is, maybe they will add this eventually if they wanna monetize at some point, but yeah, it just seems like a very nice desktop interface for you to use if you want to use it through pass-through with your hardware wallets, stuff like that as well, and with your existing Rabi wallets there.

So yeah, I'll link this in the YouTube description below.

You can check it out for yourself and go download Rabi Desktop.

All right, so Josh Stark shared an interesting tweet today with a bunch of, with some statistics here.

He said, a remarkably consistent metric over the last 4 years is the growth of non-English traffic to ethereum.org.

And you can see the chart in front of me, how this has kind of grown over time.

So you can see that this shows the ethereum.org non-English percentage of page views.

It's almost at 30% and it has consistently been growing since this chart started, which is 2019.

So you can see here at the beginning of the chart in 2019, it was what, 5%?

Then it spiked up in early 2020 to around 17%, just eyeing the chart here.

Then it kind of like meandered around that for a while until just recently, I think over the last, what is it, 18 months or so, it has spiked up and been up only since then, basically, to what we're at today at about 25% of page views on ethereum.org are non-English page views.

Now, of course, this is because of the massive effort the ethereum.org team has put into translating the ethereum.org website, not only doing it themselves, you know, the core team doing it themselves, but also getting the community involved.

They've done their Translathon in the past that I talked about on the refuel as well.

But it's just really, really great to see that the ethereum.org website is being able to be consumed by various different languages around the world.

Because as I've said plenty of times in the past, like yes, there are a lot of English users within crypto today, but there is a large part of the world that does not speak English.

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ETF fake news, Uniswap front-end fee and more - The Daily Gwei Refuel #673 - Ethereum Updates