Ethereum

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

Way more demand on ETH L1 than BTC L1. Much of BTC trading is happening via custody (CEXs) or on Ethereum and other blockchains via WBTC. So it’s really not a sensible comparison