Latest Gas (GAS) News Update

Deep Dive

1. @CoinMarketCap: Base adopts GAS for fee settlement bullish

"BASE UNVEILS MAGICSPEND FOR GAS FEES/SENDS VIA #COINBASE BALANCES"
– @CoinMarketCap (17 Jul 2025 12:30 AM UTC)
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What this means: This is bullish for GAS because direct integration with Coinbase’s 110M+ users could drive transactional demand, though actual adoption metrics remain unconfirmed.

2. @MathWallet: Zero-fee promotion extended bullish

"Enjoy ZERO gas fees with MathWallet on @BNBCHAIN till Aug 31"
– @MathWallet (31 Jul 2025 01:00 PM UTC)
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What this means: This is bullish short-term as reduced friction could increase network activity, though the 31 August deadline creates event-driven volatility risk.

3. @OnyxDAO: Gas-free governance goes live neutral

"Three polls now live on the Onyx Gas Free polling platform"
– @OnyxDAO (8 Aug 2025 04:19 PM UTC)
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What this means: Neutral impact – while expanding governance participation could strengthen ecosystem fundamentals, it removes a direct utility driver for GAS tokens.

4. @CoinMarketCap: Overbought RSI at $3.31 bearish

"GAS $3.309 RSI 77.03 (4h)"
– @CoinMarketCap (5 Aug 2025 02:53 AM UTC)
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What this means: This is bearish near-term – the 4-hour RSI above 75 suggests exhaustion after GAS’s 4.89% 24h rally, though the weekly chart shows room for continuation at 0.582% 7d gains.

5. @ProBit_Exchange: Delisting shakes confidence bearish

"ProBit Global will cease support for GAS tokens on 22 August"
– @ProBit_Exchange (18 Aug 2025 12:00 AM UTC)
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What this means: Bearish for liquidity – losing a mid-tier exchange listing could reduce trading accessibility, though Upbit and other Korean exchanges continue regular GAS distributions.

Conclusion

The consensus on GAS is mixed, torn between infrastructure upgrades and technical/regulatory headwinds. While Coinbase integrations and fee holidays suggest growing utility, overbought signals and exchange delistings highlight volatility risks. Watch the $3.00 support level post-RSI reset and BNB Chain’s 31 August fee holiday expiry for directional cues.

Deep Dive

1. Anti-MEV Audit (20 August 2025)

Overview:
Neo X’s Anti-MEV solution, powered by Distributed Key Generation (DKG), passed a security audit by Hacken, marking the final step before TestNet and MainNet deployment.

Details:
The protocol uses Zero-Knowledge Encryption to prevent Maximal Extractable Value (MEV) attacks, which manipulate transaction ordering for profit. This upgrade enhances fairness for decentralized applications (dApps) and traders by securing transaction privacy and order integrity.

What this means:
This is bullish for GAS because improved security could attract more dApps and users to Neo’s ecosystem, driving demand for GAS as the fuel for transactions. (Source)

2. AI Dev Tools (18 July 2025)

Overview:
Neo partnered with ChainGPT to integrate AI tools like no-code smart contract generators and auditors into its N3 and Neo X networks.

Details:
The collaboration provides builders with AI-powered chatbots, automated contract auditing, and trading tools, streamlining development on Neo’s blockchain.

What this means:
This is neutral for GAS in the short term but bullish long-term if it accelerates dApp creation, increasing network activity and GAS utility. (Source)

3. Legacy Network Sunset (18 August 2025)

Overview:
ProBit Global delisted GAS and NEO tokens from the deprecated Neo Legacy Network, urging users to migrate to Neo N3.

Details:
The Neo Legacy MainNet stopped generating GAS in 2021, but exchanges like ProBit finalized support in 2025, aligning with Neo’s shift to the N3 network featuring enhanced scalability and governance.

What this means:
This is bearish for short-term liquidity due to reduced exchange support but reinforces Neo’s focus on N3, where GAS remains central to network operations. (Source)

Conclusion

GAS’s codebase advancements prioritize security, developer tools, and ecosystem modernization. While exchange delistings pose near-term challenges, Neo’s AI integrations and MEV-resistant upgrades could bolster long-term utility. How will migration incentives and dApp growth impact GAS’s demand cycle?

Deep Dive

1. Binance Ends Neo Legacy Support (18 August 2025)

Overview:
Binance halted deposits via Neo Legacy Network on 25 August and will suspend withdrawals by 15 October 2025, citing Neo’s shift to the N3 network. This impacts GAS and NEO transfers, forcing users to migrate to N3-compatible platforms.

What this means:
Bearish short-term pressure: Reduced liquidity and exchange support for Legacy-based GAS could dampen demand. However, Neo N3’s focus on scalability may improve GAS’s utility long-term. (CoinJournal)

2. Bitvavo Offers 3% Flex Staking (4 August 2025)

Overview:
Bitvavo introduced Flex Staking for GAS at 3% APY, allowing holders to earn rewards without locking assets. This follows similar updates for 70+ tokens.

What this means:
Neutral-to-bullish: While the rate is modest compared to competitors like LPT (10.1%), it provides passive income amid GAS’s 7% weekly price drop. Staking adoption could stabilize selling pressure. (Bitvavo)

3. RSI Signals Overbought Conditions (5 August 2025)

Overview:
GAS’s 4-hour RSI hit 77 on 5 August, signaling overbought conditions. The token fell 7% weekly to $3.04, aligning with broader crypto market declines (-2.62% total cap).

What this means:
Caution advised: High RSI often precedes corrections, especially with thin liquidity (turnover ratio 0.0283). Traders may watch for a retest of $2.80 support if bearish momentum persists. (CMC Community)

Conclusion

GAS faces mixed signals: Binance’s Legacy sunset disrupts accessibility, but staking incentives and Neo N3’s growth (e.g., AI partnership with ChainGPT) offer counterweights. Will Neo N3’s adoption outpace Legacy’s phase-out?

Deep Dive

1. Upbit Weekly GAS Distributions (Ongoing)

Overview: Upbit continues weekly GAS distributions to NEO holders, with snapshots every Tuesday (e.g., 13 July 2025). This recurring utility reinforces GAS’s role in Neo’s staking mechanics but doesn’t represent new technical development.

What this means: Neutral for GAS – sustains baseline demand from NEO holders but lacks catalysts for price upside.

2. Neo N3 Ecosystem Growth (Long-term)

Overview: Neo’s N3 upgrade (completed in 2021) remains the foundation for GAS’s utility, focusing on dApp development and cross-chain interoperability. Recent news highlights ecosystem efforts like Trust Wallet’s FlexGas (June 2025), but no direct GAS protocol upgrades are confirmed.

What this means: Bullish if Neo attracts developers, as GAS fuels transactions and governance. Bearish risk stems from low N3 adoption relative to Ethereum/Solana.

3. Gas Fee Innovations (Market Trend)

Overview: While not GAS-specific, chains like BNB (90% fee cut) and Base (“MagicSpend” for gas abstraction) set expectations for cheaper transactions. Neo N3’s current ~$0.03 avg fee faces competitive pressure.

What this means: Neutral/Bearish – GAS could lose relevance if Neo doesn’t innovate fee structures or scalability.

Conclusion

GAS’s trajectory hinges on Neo N3’s ability to grow its ecosystem and respond to fee competition. With no announced protocol upgrades, monitor developer activity and dApp launches on Neo. How might Neo’s governance model evolve to incentivize GAS utility beyond basic transaction fees?