DeFi Using Boundless: The Real Effect of Gas Savings Many DeFi protocols have begun testing Boundless's proof service, and the most noticeable change is a significant reduction in gas fees. Exactly how much can this savings actually be? Using testnet data, we can provide a realistic calculation. Previously, DeFi protocols using ZK for private transactions incurred prohibitively high gas fees. For example, on Ethereum, a single private transaction can cost around $100-200 in gas fees, primarily due to the computationally intensive nature of proof generation on-chain. By using Boundless, proof generation is moved off-chain, and aggregation technology is used to combine multiple proofs into a single transaction, reducing gas fees to $10-20, a direct savings of around 90%. For users, a private transaction that previously cost $200 can now be completed for $20, a significantly improved user experience. Batch transactions can achieve even greater savings. For example, a DeFi protocol needs to process 100 private transactions. Previously, each transaction cost $100, totaling $10,000. With Boundless, the proofs for all 100 transactions are aggregated, requiring only one verification. This reduces gas fees to approximately $50, saving a total of $9,950, or just $0.50 per transaction. During the testnet, one DeFi protocol used this approach to process 1,000 transactions for only $300 in gas, compared to over $30,000 without Boundless. Beyond private transactions, other DeFi scenarios can also benefit from gas savings. For example, collateral verification in lending protocols previously cost $50 per transaction, but now only costs $5 with Boundless. Order matching on DEXs previously cost $200 for batch matching of 100 orders, but now only costs $20. Furthermore, computation speed is improved: a collateral verification that previously took 10 minutes now takes only one minute, eliminating the need for users to wait for extended periods. Gas fees are a major pain point for DeFi users, especially small-scale users, who often find themselves deterred by fees exceeding transaction amounts. Boundless's lowering of gas fees will allow small-scale users to utilize DeFi's ZK features, such as small, private transfers and small-amount lending, expanding DeFi's reach to a wider audience. For DeFi protocols, lower gas fees, increased user adoption, and naturally increased transaction volume are key factors—a win-win outcome. @boundless_network #Boundless $ZKC {future}(ZKCUSDT) $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT)
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