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Coop
@coopahtroopa.eth
Crazy that the cost to transact on L2 right now is ~$1. I know 4844 will change this very soon but feel like the vision being sold for L2 was "free and instant" and we're already starting to see fees become a meaningful blocker prior to a real bull market starting. Praying we don't run back outrageous tx fees again.
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Coop
@coopahtroopa.eth
The main value prop of L2 is to enable transactions that are not possible on L1. For example - collecting a song for $2. If the cost to transact is $1 - that become very noticeable and small "fun" actions won't happen as much. Plus - sponsored transactions go more towards gas than towards the actual mint.
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Ev | 유진 🇨🇦
@tch
So high. When $0.0000001, @vitalik.eth?!
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$ALEX Masmej
@alexmasmej.eth
4844 is expected to 60x slash that. So it’ll be sub 1 cent in literally 9 days, we’re gucci
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Zeneca 🎩
@zen
It really is wild. I have paid over $7 like a dozen times over the last couple of weeks for L2 txns
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Joshua Fisher ⌐◨-◨
@joshuafisher.eth
Ouch, $1 gas is tough
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HadiFab
@fab
About 4844 I'm not that optimistic, nothing can change eth gas fee, it is designed to be like this, no burn no value gain, that's why we see Solana #5 because trx fees are so cheap and consistent, I believe L1s reign is coming specifically new ones with hype
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Mike
@mike1third.eth
In the longterm, the cost of proofing for zkEVM will go down by orders of magnitude. And Optimism has already prepared for zk with the Bedrock upgrade last year while rn, three of the best zk teams in the world are working on implementations. OP will scale.
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Hoot 🎩
@owl
L2s were never about "free and instant" sorry, they're just an attempt on better scaling with optimistic execution, fraud proofs, zero knowledge and so on. Since they all need to post back to L1 they're still comparatively expensive. What you're looking for are L3s and appchains that are purpose driven
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Dani🎩
@danibom
eth price going up make the $ value of the fee paid more scary. been spending 10/20$ daily in L2s, Hope dancun really fix this
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Caster Cat #648 🎩🧾
@ariansh.eth
https://warpcast.com/jacopo.eth/0x2ebb9f0c
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dav
@dav
just airdropped 70 tokens for $5 on Base. insanity
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