cryptoplaza

So ETH is now performing quite badly, with people saying that fees got too low and the asset is wrecked. 

Before Dencun, we all knew this was going to happen, and reasoned that low fees were necessary for higher adoption, and that the loss in fees would be compensated by the monetary value of ETH across the L2 ecosystem. I still think this is the case, but that it will require some time to happen.

In the short term, it looks like we will have to be resilient against the negativity of the market, and wait for adoption to keep growing, while issues like UX and interoperability/ liquidity fragmentation get fixed (which I believe they will). Once this happens, ETH should become the go-to digital asset for anyone betting on the future of the internet.