The price of testnet ether on the Goerli testnet spiked to $1.60 on Feb. 25 as traders speculated on a token that’s supposed to be worthless.
Last week, cross-chain platform LayerZero បានបង្កើត a way for Goerli’s testnet ether to be traded and swapped between the Ethereum mainnet and the Goerli testnet. The idea was to create a way for developers to buy testnet ether in a more convenient way than the traditional approach of using faucets or asking the testnet’s developers for coins. Still, critics warned that monetizing the native currency of a testnet — which is designed to have no value, allowing the network to support pre-production testing — would render it less suitable for its main purpose.
"This is the start of the end of Goerli testnet. It served us well,” បាននិយាយថា: Polygon Chief Information Security Officer Mudit Gupta on Twitter. “Testnet ether is supposed to be free, but is being marked up by speculators.”
និមិត្តសញ្ញា ជួញដូរ around $0.15 at the end of last week but rose to a peak of $1.60 yesterday. Since then the token has traded downward, but still retains a value of about $0.37.
The price of testnet Goerli spiked over the weekend. Image: DEXScreener.
The distribution of testnet ether on Goerli is in the hands of a few validators. These developers could have a big impact on the market if they were to sell a large amount of the tokens at once, which also adds an element of risk.
អ្នកអភិវឌ្ឍន៍ Ethereum មាន ស្នើឡើង one solution that may address the problem. They are planning to build a new testnet called Holli that would make it easier for developers to acquire its testnet ether, reducing the need for a secondary market where it must be purchased.
Source: https://www.theblock.co/post/215248/speculators-push-price-of-testnet-ether-on-goerli-network-to-1-60?utm_source=rss&utm_medium=rss