Ethereum

Optimism

Coin

<ul class="news-points"> 
 <li>A crypto investor lamented Ethereum’s high transaction cost threatens dApps.</li> 
 <li>Ethereum has an average fee of $4.86, while layer two scaling Optimism has $0.21.</li> 
 <li>The investor argued that dApps cannot operate with ETH’s high costs.</li> 
</ul> 
In a recent tweet, prominent crypto trader and investor “Crypto Rand” raised concerns about <a href="https://coinedition.com/ethereum-vs-bitcoin-use-cases-technical-differences-scaling-issues/">Ethereum’s scalability</a>, emphasizing the critical challenges it poses for decentralized applications (dApps). The post lamented the <a href="https://coinedition.com/analyst-blames-xen-transactions-for-ethereum-gas-fee-spikes/" target="_blank" rel="noreferrer noopener">staggering average transaction fee</a> on the Ethereum network, standing at almost $5. 
Crypto Rand’s post called attention to the high transaction fees’ impediments to the seamless functioning of dApps on the Ethereum blockchain. Specifically, the investor argued it becomes nearly impossible for decentralized applications to operate efficiently with transaction costs reaching such levels. This potentially hinders their mainstream adoption and overall utility. 
To illustrate the severity of the issue, Crypto Rand accompanied the tweet with an image displaying the average transaction fees across various Layer 2 solutions.&nbsp; 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> is facing a maj…
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The post <a href="https://coinedition.com/eths-5-transaction-fee-nightmare-investor-laments-concerns-for-dapp/">ETH’s $5 Transaction Fee Nightmare: Investor Laments Concerns for dApp</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ETH’s $5 Transaction Fee Nightmare: Investor Laments Concerns for dApp

Coin Edition

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