What you are saying doesn’t make sense to me. You say that in order for the chain to have more value the amount of transactions need to keep going way, way higher. I agree that this can happen to Solana but how can it happen with Eth? I mean even if the transaction fees for Eth come way, way down to, let’s say, 50 cents, this is still thousands of times more that Solana. So how can Eth EVER compete with Solana. Your argument makes no sense to me.
Transactions on Ethereum L2s are less than 1 penny and will continue to get cheaper. That's where the billions of txns I speak of will exist and thats what will compete with Solana (base is already competing heavily with Solana) Ethereum itself is not competing with solana - its competing to be a settlement layer for high value transactions (aka blackrocks BIUDL fund) and for other blockchains (aka L2s like Immutable, Base, Soneium, Arbitrum, etc.)
Great episode, all valid points. But the key question is if the gas fees are down, will the adoption increase be enough this cycle to offset gas fees so that price reach a new ATH? More I learn, more bearish ETH seems to be..
Fee revenue generally follows price - as crypto markets pick back up, fee revenue will too as price always drives more activtiy. But we dont think gas fees are what matter for ETH to reach new ATHs - demand for a trustless yield-bearing asset in a growing ecosystem is what will drive it to new ATH.
Thanks guys! Valuable and insightful information to consider
Eth has purpose
Thoughts on Near protocol’s chain abstraction? Lots of potential
What you are saying doesn’t make sense to me. You say that in order for the chain to have more value the amount of transactions need to keep going way, way higher. I agree that this can happen to Solana but how can it happen with Eth? I mean even if the transaction fees for Eth come way, way down to, let’s say, 50 cents, this is still thousands of times more that Solana. So how can Eth EVER compete with Solana. Your argument makes no sense to me.
Transactions on Ethereum L2s are less than 1 penny and will continue to get cheaper. That's where the billions of txns I speak of will exist and thats what will compete with Solana (base is already competing heavily with Solana)
Ethereum itself is not competing with solana - its competing to be a settlement layer for high value transactions (aka blackrocks BIUDL fund) and for other blockchains (aka L2s like Immutable, Base, Soneium, Arbitrum, etc.)
Great episode, all valid points. But the key question is if the gas fees are down, will the adoption increase be enough this cycle to offset gas fees so that price reach a new ATH? More I learn, more bearish ETH seems to be..
Fee revenue generally follows price - as crypto markets pick back up, fee revenue will too as price always drives more activtiy. But we dont think gas fees are what matter for ETH to reach new ATHs - demand for a trustless yield-bearing asset in a growing ecosystem is what will drive it to new ATH.
Show me the $$$$$$$$$$$$$$$
You got married? Congrats.
Anyway, has your significant other already taken the red pill? 😂
ETH is finally starting to disappear which was about time.