Ethereum: Lower Fees, Higher Competitiveness
"Average fees are now half a cent. Even a complex DeFi transaction might run you like 5 or 10 cents. Ethereum has finally, finally become affordable to actually use. And that changes the competitive landscape enormously because for years the entire bull case for Solana and other networks is basically just, 'Hey, we're way cheaper than Ethereum.' That advantage is shrinking fast."
ℹ️ In shortEthereum's transaction fees have significantly decreased, making the network more affordable and increasing its competitiveness against other blockchains that previously stood out for lower costs.
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For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… People are using it for some reason. They're just not speculating on the token price. And that disconnect is wild to think about. The gas fees, remember when using Ethereum felt like paying a toll on a luxury highway you couldn't even afford when a simple swap could cost you $50 in fees during a busy period? That nightmare is over thankfully. Average fees are now half a cent. Even a complex DeFi transaction might run you like 5 or 10 cents. Ethereum has finally, finally become affordable to actually use. And that changes the competitive landscape enormously because for years the entire bull case for Solana and other networks is basically just, "Hey, we're way cheaper than Ethereum." That advantage is shrinking fast. And now Ethereum's network becomes more relevant. Their network effect, the Metcalfe law, that kind of stuff. Now, here's something that most people in crypto aren't talking about enough, and this could be one of the most important upgrades in the entire history of this Ethereum blockchain. The Ethereum developers are actively discussing EIP-8182, …
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