Ethereum

When was the last time you did a transaction on the mainnet. 

Last cycle, high gas fee was a big complain but in this cycle it's hovering at 1gwei for the whole month.

We can all look for an issue to blame but truth to be told, speculative side of defi is dead making 99% of dApps worthless and unusable.

Learning and contributing. Optimist  ✨🔴_🔴✨


Delegate and Citizen @Optimism Collective

Bitcoin Believer, Ethereum Explorer,  NFT collectooor and Digital Marketer. Hosting: /nuconomist

should have mentioned this in the cast, context was Eth being defamatory.

With every passing day, there are fewer incentives to run a node or even hold eth as an asset. Of course, there is always an optimistic side but in current form, things are looking bleak and L2s are part of the problem

Disagree. If you can use the same DeFi app that has roughly similar trust assumptions on L2, and also has short term marketing incentives, why wouldn’t you use the L2 if it’s cheaper? 

For things where that isn’t possible, we still regularly use L1s. E.g ENS management and legacy NFTs.

I saw it about 0.6 gwei and it made me feel like we are about to have the last dip, after that the only way is 🆙