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Pixels and market cycles both move NFT prices. Non-fungible tokens (NFTs) are unique digital assets, often used to represent ownership of digital art, collectibles, and other media, secured on blockchain networks like Ethereum. The rise of…

General Economics · Economics 2025-10-15 Samiha Tariq

Ethereum and its standardized token interface have formed decentralized finance (DeFi), an open financial system based on blockchain smart contracts. The DeFi ecosystem has become richer with the introduction of DeFi composability projects,…

Computer Science and Game Theory · Computer Science 2022-12-05 HyoungSung Kim , Hyun-Sik Kim , Yong-Suk Park

Cross-chain token standards enable fungible tokens that exist across multiple blockchains with a unified total supply model. This paper presents a comprehensive comparative analysis of five leading cross-chain token standards and…

Distributed, Parallel, and Cluster Computing · Computer Science 2026-03-09 Fatemeh Heidari Soureshjani , Jan Gorzny

Many classical blockchains are known to have an embarrassingly low transaction throughput, down to Bitcoin's notorious seven transactions per second limit.Various proposals and implementations for increasing throughput emerged in the first…

Cryptography and Security · Computer Science 2023-03-08 Lioba Heimbach , Quentin Kniep , Yann Vonlanthen , Roger Wattenhofer

EIP-1559 is a proposal to make several tightly coupled additions to Ethereum's transaction fee mechanism, including variable-size blocks and a burned base fee that rises and falls with demand. This report assesses the game-theoretic…

Computer Science and Game Theory · Computer Science 2020-12-03 Tim Roughgarden

Our study empirically predicts the bubble of non-fungible tokens (NFTs): transferable and unique digital assets on public blockchains. This topic is important because, despite their strong market growth in 2021, NFTs on a project basis have…

Statistical Finance · Quantitative Finance 2022-06-17 Kensuke Ito , Kyohei Shibano , Gento Mogi

The smart contract-based markets for non-fungible tokens (NFTs) on the Ethereum blockchain have seen tremendous growth in 2021, with trading volumes peaking at 3.5b in September 2021. This dramatic surge has led to industry observers…

Cryptography and Security · Computer Science 2022-02-09 Victor von Wachter , Johannes Rude Jensen , Ferdinand Regner , Omri Ross

Blockchains are gaining momentum due to the interest of industries and people in \emph{decentralized applications} (Dapps), particularly in those for trading assets through digital certificates secured on blockchain, called tokens. As a…

Cryptography and Security · Computer Science 2024-02-22 Giampaolo Bella , Domenico Cantone , Cristiano Longo , Marianna Nicolosi-Asmundo , Daniele Francesco Santamaria

With the advent of blockchain technologies, the idea of decentralized applications has gained traction. Smart contracts permit the implementation of application logic to foster distributed systems that are capable of removing…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-02-12 Martin Westerkamp

As the number of decentralized applications and users on Ethereum grows, the ability of the blockchain to efficiently handle a growing number of transactions becomes increasingly strained. Ethereums current execution model relies heavily on…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-04-03 Souradeep Das , Konpat Preechakul , Jonas Bäumer , Riddhi Patel , Jefferson Jinchuan Li

The emergence of metaverse brings tremendous evolution to Non-Fungible Tokens (NFTs), which could certify the ownership the unique digital asset in the cyber world. The NFT market has garnered unprecedented attention from investors and…

Cryptography and Security · Computer Science 2022-08-11 Zheng Cao , Yi Zhen , Gang Fan , Sheng Gao

Security bugs and trapdoors in smart contracts have been impacting the Ethereum community since its inception. Conceptually, the 1.45-million Ethereum's contracts form a single "gigantic program" whose behaviors are determined by the…

Cryptography and Security · Computer Science 2025-08-08 Thomas Ball , Nikolaj S. Bjørner , Ashley J. Chen , Shuo Chen , Yang Chen , Zhongxin Guo , Tzu-Han Hsu , Peng Liu , Nanqing Luo

With the popularity of Non-Fungible Tokens (NFTs), NFTs have become a new target of phishing attacks, posing a significant threat to the NFT trading ecosystem. There has been growing anecdotal evidence that new means of NFT phishing attacks…

Cryptography and Security · Computer Science 2024-03-29 Jingjing Yang , Jieli Liu , Jiajing Wu

The prosperity of decentralized finance motivates many investors to profit via trading their crypto assets on decentralized applications (DApps for short) of the Ethereum ecosystem. Apart from Ether (the native cryptocurrency of Ethereum),…

Cryptography and Security · Computer Science 2022-07-06 Dabao Wang , Hang Feng , Siwei Wu , Yajin Zhou , Lei Wu , Xingliang Yuan

As a key enabler of Web3, Ethereum has long faced scalability challenges. The recent EIP-4844 upgrade aims to alleviate the scalability issue by introducing the ''blob'', a new data structure for Layer-2 rollups that enables off-chain…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-11-18 Yue Huang , Shuzheng Wang , Yuming Huang , Gareth Tyson , Huayi Duan , Jing Tang

Non-fungible tokens(NFTs) are on the rise. They can represent artworks exhibited for marketing purposes on webpages of companies or online stores -- analogously to physical artworks. Lending of NFTs is an attractive form of passive income…

Computers and Society · Computer Science 2023-08-07 Alfred Sopi , Johannes Schneider , Jan vom Brocke

As transaction fees skyrocket today, blockchains become increasingly expensive, hurting their adoption in broader applications. This work tackles the saving of transaction fees for economic blockchain applications. The key insight is that…

Cryptography and Security · Computer Science 2022-10-11 Yibo Wang , Yuzhe Tang

Non Fungible Tokens (NFTs) are digital assets that represent objects like art, collectible, and in-game items. They are traded online, often with cryptocurrency, and are generally encoded within smart contracts on a blockchain. Public…

Statistical Finance · Quantitative Finance 2021-11-02 Matthieu Nadini , Laura Alessandretti , Flavio Di Giacinto , Mauro Martino , Luca Maria Aiello , Andrea Baronchelli

Traditional blockchain untraceability schemes, such as mixers and privacy coins, obscure the sender-receiver relationship by placing transfers within an anonymity set. This paper studies a stronger goal: whether the transfer event itself…

Cryptography and Security · Computer Science 2026-05-14 Eunchan Park , Kyonghwa Song , Won Hoi Kim , Wonho Song , Min Suk Kang

In order to have transactions executed and recorded on blockchains such as the Ethereum Mainnet, fees expressed in crypto-currency units of the blockchain must be paid. One can buy crypto-currency called Ether of the Ethereum blockchain…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-08-20 Serdar Metin , Can Özturan