Daily Report on Gas Fees and Network Health (Issue 20 · Week 31, 2026)

01Multi-Chain Gas Fee Overview

July 30, 2026, serves as the data benchmark date. The multi-chain Gas fee overview shows that the current price of ETH is $1,904.04, with a 24-hour trading volume of $10.4B. The current price of BNB is $572.13, and its 24-hour trading volume is $495.1M. SOL’s current price is $73.51, with a 24-hour trading volume of $1.7B. AVAX is trading at $6.41, with a 24-hour trading volume of $171.5M. ARB’s current price is $0.07916, and its 24-hour trading volume is $34.2M. OP’s current price is $0.08896, accompanied by a 24-hour trading volume of $31.1M.

On July 29, 2026, Lido migrated 8 million ETH to Pectra’s new architecture, resulting in a nearly one-third reduction in the number of validators. This move enabled compounding benefits and cost savings through EIP-7251. On the same day, one address withdrew 40,000 ETH from Binance for cross-chain transfer, involving an amount of approximately $76.67 million. Due to the rating upgrade and hard fork on BNB Chain, Binance suspended BEP20 deposit and withdrawal services for about 1 hour on July 30, 2026.

Regarding market sentiment, the overall AI sentiment score is 38/100, indicating a “fear” state. There has been a sharp increase in the activity of Whales on the blockchain, suggesting possible inflow of large amounts of capital. Morgan Stanley launched MSSE and MSOL, both with management fees of 0.14%. MSSE saw $5.15 million in net inflows on its first day, while the total AUM of ETH spot ETFs reached $10.5 billion. MSOL recorded $19.0581 million in net inflows, pushing the total AUM of SOL spot ETFs to $863 million.

02Network Activity and Congestion Analysis

Reference date: 2026-07-30. There is a significant disparity in network activity levels, with Ethereum maintaining high throughput, recording $10.4B in 24-hour trading volume and a current price of $1,904.04. Solana follows closely behind with $1.7B in daily trading volume and a current price of $73.51, demonstrating its ongoing appeal as a high-performance public chain. BNB Chain has a daily trading volume of $495.1M and a current price of $572.13, indicating moderate network congestion.

The market sentiment index stands at 38/100, indicating a fearful mood. The combination of high trading volumes and fear suggests that institutional funds are engaged in active trading or arbitrage activities on Ethereum and Solana networks, rather than mere speculation. The trading volumes of Layer 2 networks (ARB, OP) are both below $35M, indicating that users prefer to interact directly on L1 chains or high-performance L1s, resulting in extremely low congestion risks for these Layer 2 networks. AVAX has a daily trading volume of $171.5M and a current price of $6.41, with relatively light network load. Overall, the networks are in good health without signs of severe congestion, but the high trading volume on Ethereum warrants caution regarding the impact of fluctuating Gas fees on small transactions.

03On-chain Health Assessment

2026-07-30

• Lido migrated 8 million ETH to the new Pectra architecture, resulting in a nearly one-third reduction in the number of validators. It achieved compounding returns and cost savings through EIP-7251, reshaping the staking ecosystem.
• Morgan Stanley’s MSSE saw a net inflow of $5.15 million on its first day, with the total AUM of ETH spot ETFs reaching $10.5 billion. The cumulative net inflow has exceeded $11.2 billion.
• MSOL recorded a net inflow of $19.0581 million, bringing the total AUM of SOL spot ETFs to $863 million. ! Ostium lost $23.75 million in USDC due to stolen off-chain permissions, highlighting the risks associated with cross-chain bridges and oracles. ! The probability of the Clear Laws passing dropped to 35%, with legislative deadlock persisting.

Scenario Analysis: Optimistic: Continued inflows of ETF funds, with ETH breaking through the resistance level at $1,904.04. Neutral: Gas fees improve with the Pectra upgrade, network health remains stable, and prices fluctuate. Pessimistic: Regulatory uncertainties combined with security incidents cause ETH to fall back near support levels.

Key Concerns:

1. Changes in validator distribution after the Pectra upgrade
2. Future capital flows into ETH/SOL ETFs
3. Progress in security audits for cross-chain protocols

04Operational Recommendations and Risk Warnings

Operational Recommendations

• Liquidity Risk: BNB Chain suspended BEP20 deposits and withdrawals for approximately 1 hour on July 30, 2026. If the current price of BNB, at $572.13, experiences further volatility during this period, adopt a cautious approach this week and avoid large-scale on-chain transactions during the maintenance window.
• Sentiment Reversal: The market sentiment index dropped sharply by 15.6 points to 36.2. If the current price of ETH, at $1,904.04, breaks below key support levels and 24-hour trading volume shrinks to $10.4B, consider building positions in stages over the next 2 weeks to take advantage of panic-driven selling.
• Capital Flow: MSOL saw net inflows of $19.0581 million. If the current price of SOL, at $73.51, stabilizes and ETF inflows continue, consider increasing holdings appropriately this month to align with institutional investment trends.

Risk Warnings

• DeFi Decoupling: The discount of STRC has put nearly $500 million worth of assets under pressure. If the decoupling from the US dollar worsens, immediately reduce exposure to related protocols.
• Whale Activity Surges: Whale activity increased significantly by 46–60 points. If this is accompanied by sharp price fluctuations, be vigilant against large-scale selling pressure and set strict stop-loss orders.