Posted 12/11/2023, 3:42:00 PM
Ethereum's Soaring Fees During Crypto Rallies Undermine Promises of Affordability
- Ethereum's high gas fees during crypto rallies lead to frustration and accessibility issues
- Promises of cheaper fees than traditional finance often don't match reality
- Layer 2 solutions can reduce fees substantially but remain complex for average users
- Ethereum remains the dominant smart contract platform despite high fees
- Patience with Ethereum's scaling issues may start running out if high fees persist through the next crypto boom