Network activity at ATH, gas is still 1.7 GWEI

Eth killers entire narrative was scaling, If Eth scales its unironically over for them. And the only thing that matters for an L2 economy is Decentralization + Security, the Speed of a L2 does not depend on the L1. So Eth killers that sacrificed decentralization (AWS Nodes) and Security for high TPS, simply cannot compete.

>>60663575 (OP)
I was just wondering why eth fees were so low right now despite the fact that in previous pumps they usually went through the roof. I guessed there was not much on chain activity but you say it's actually at ATH.
So how the fuck did this happen?

Yeah I don't really keep up with network metrics, but anecdotally I will say: in years past, when ETH was busy ie pumping, Uniswap transactions would cost me 20-30$ or more. Cost prohibitive. Today, transactions cost me $5 at most on the base layer, and that is during a week where ETH pumped 25%.

We should Tarriff the ETH killers.

>>60664466
Even only a year ago it was pretty shit still. I'm surprised it changed so quickly.

>>60664459
Fees after EIP-1559 are based around how full the block was, so if blocks are consistently full then fees will rise exponentially (12.5% at most per block) and if blocks are consistently empty then fees will fall exponentially (12.5% at most per block). Fees are low because blocks aren't getting >36M/2 gas used each block, nothing changed since the Pectra update on this and fees were consistently high during then.

In other words, remain bullish because the demand for ETH has not yet translated into demand for blockspace and thus higher fees, which means the current speculators (stablecoin speculators) aren't actually using the chain yet in their frenzy.

>>60664486
This may be a retarded question: if daily gas use is nearing ATHs, why are the blocks empty?

>>60664486
Eth not needed

>>60663575 (OP)
>Network activity at ATH
source???

>>60664511
Gas usage can oscillate around 50% such that gas prices remain consistent, so blocks aren't quite empty but not quite full right now. Gas prices go high when blocks are consistently full, and they go lower when blocks are consistently empty, so you can have periods of high activity like the Pectra pump that lead to prolonged periods of high gas prices and equivalently if the chain goes practically unused for a while, prolonged periods of low gas prices.

>>60664486
>>60664531
I mean, and a bunch of simple transactions happening on layer 2 also contributes to that. Blobs getting used instead of standard transactions on ETH blocks.

>>60663575 (OP)
I was surprised how many retarded broke black niggers on this board actually thought SØY would flip effer the cycle

>>60663575 (OP)
Enjoy your last pump. You'll barely surpass ATH and then Solana's reign will begin.

>>60664675
>barely surpass ATH

>>60664513
Shit, that's a good point. Can anyone refute this?

>>60664466
>>60664459
Wow only $5 to send my wife's boyfriend her $50 daily spending money! Golly jeeeeeeeeeezzzz

Jews and Chads are buying ETH.
broke city sŏyboy cucks and non whites bought solana

>>60664730
It takes 20 minutes. And if the network is very congested, the gwei will cost $45 out of the $50. Solana doesn't have this problem.

>>60664812
Stop lying

>>60663575 (OP)
PoS = no value
They burned themselves by going PoS.

>>60664849
Has Gwei never cost $45? And it's never taken 20 minutes to receive an Eth transaction? Have you used the chain?

>>60664884
>Has Gwei never cost $45?
1 gwei is around 0.0004 cent for your information
I actually made some transactions just now
Gas fee was 50 cent and it took 10 seconds

>>60664934
and when the transaction costs 150 gwei. You're acting stupid but I know you understand me

get it while it's cheap

by eth & btc

>>60664947
When the transaction costs 150 gwei it would cost, at current ETH prices, ~$11.5 to send any amount of ETH to someone, and no it won't take 20 minutes (this isn't BTC lol).

>>60664947
>and when the transaction costs 150 gwei.
That hasnt happened since 2022 for longer then 10 minutes and now back to a tranimefag

>>60663575 (OP)
ETHEREUM PISSES ON (SOL)
Solana wanted to be fast. ETHEREUM wanted to be King Then SOL crashed again. And again. Meanwhile, Ethereum kept building — but one day, it had enough. No more RPC errors. No more uptime excuses. Just one primal urge…
TG : @ ethereumpissonsol

Just launched 5 minutes ago

https://www.dextools.io/app/en/ether/pair-explorer/0xedea23ee95a42563e923ae6f8c994372fc67eb57?t=1753064846503

>>60664473
Layer2s but okay!

>>60664730
>>60664812
5cent, 50 in high activity times.

>>60664947
There was a caldera airdrop with very high activity kid, and the gas was 40 something at the top, stop lying solniggerkid!

>>60663575 (OP)
>scaled
https://pastebin.com/HuBcEWmr
https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/

>>60664445
Eth competitors have always been centralized cash-grab memes.

>>60665463
https://warosu.org/biz/thread/59617632
https://warosu.org/biz/thread/59617632
https://warosu.org/biz/thread/59617632
https://warosu.org/biz/thread/59617632