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Sassal.eth 🎩⛽
@sassal.eth
People complaining about Ethereum fee revenue being down are missing the forest for the trees. If Ethereum didn't scale - if blobs weren't introduced - then lots of activity that was on Ethereum would've moved to other layer 1's instead of layer 2's. This would've been a *much* worse outcome for Ethereum than losing fee revenue. Yes, there is currently an imbalance between how much money rollups sequencers make and how much revenue Ethereum L1 collects from rollups, but this is imo a temporary phenomenon. Ethereum is in its hyper-scaling phase and now has excess blockspace with not enough demand to fill it (yet). If you believe in the decentralised future enabled by Ethereum like I do, then you believe that Ethereum is going to grow 1000x and more from here - this is what the focus should be on; not on how much rent Ethereum can extract from the small existing pool of users.
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Apex777
@apex777.eth
Question…. Seeing the growth of SOL and the easier on boarding as it’s just one chain if you could roll back time would you prefer Ethereum to focus on scaling L1? 
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Jack
@jackten
I think people are mostly bummed because we thought that there was all the demand waiting to use the chain that couldn't afford the high transaction fees.. but now that barrier is lifted we're just sitting here with baren block space nobody even wants for basically free. You can add up all the L2s together and we're still doing fewer transactions than Solana
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Corbin Page
@corbin.eth
I don't think the worry is on growth. 1) Will these L2s even need mainnet for settlement or DA? Why choose mainnet if they aren't ETH maxis or innately altruistic (few in crypto are)? This is a continued blindspot for the EF and Ethereum researchers (see recent DeFi debates). 2) L2s will likely enable their own gas tokens as they face price pressure. They have a massive incentive to do so unless they are super ETH aligned (OP). In this world, the EVM wins but ETH fundamentals suffer greatly. Maybe ETH becomes money or ETH staking/restaking yields become digital bonds. But this is the first time in a long time that ETH fundamentals have strong headwinds. Need some new ideas and narrative to emerge.
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Rue🗽
@rue1776
Thank you! It seems so obvious but people really, really love to FUD ETH. I just don’t get it. Ethereum is in better shape than it’s ever been imo By a mile
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Cyfab
@cryptofab
Devs are trying to fix the scaling problems with layer-2 chains like Arbitrum and Optimism, but that just splits everything up, unlike simpler blockchains like Solana or Avalanche where everything happens in one place. It feels like a band-aid solution.
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Joshua Fisher ⌐◨-◨
@joshuafisher.eth
Go ↑, look around, then go ↑
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Donh 🎩 Ⓜ️
@dih
RWAs will be on eth, long term bullish
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Krrbby.eth
@krrbby
InFrAsTrUcTuRe FaTiGuE 🤪 but fr it’s more the delta between sequencer fees and cost to settle on ETH. Slightly more nuanced How is the EU? you should post some adventuring pics 🗼🗿🌆 33 $degen
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Kuntal Singhvi.eth 🎩
@singhvi
Ethereum is imminent It is known
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Kccrypto🎩
@kccrypto
the only real distinction between blockchain and tradfi is decentralizaton. Ethereum is the only turing-complete chain heading into true decentralization. High throughput integrated chains can on-board apps more quickly, but that is just another google or AWS, which isn't why we need blockchain
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Qian
@eyeqian
50 $degen
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