ETH mainnet is unusable again.

$150 in gas to make a swap.

On one hand this is extremely bullish for L2s and showing how far along they are.

On the other - it's really hard to see how any regular person ever uses mainnet during the bull market.

Also - a tx on BTC costs less than ETH... which is insane.

Onchain is the new online - FID 206 -  cooprecords.xyz

ETH mainnet will remain usable only for institutions, businesses & whales while all user activity will move to L2s or other chains. 

Of course it will keep its main function of securing all L2s, and I bet this will soon be over 50% of mainnet txs.