It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?
I really hope competitors will grab this opportunity and provide irresistible service to users, the only reason am using eth is because am holding some erc20 which requires gas otherwise why will i be bothered about eth and its madness,
i think this is the best time and opportunity for competitors to take advantage and also for wise developers to jump ship and try other network, it can not be eth erc20 all the time.