With a lots of developments and functionable inside this market, yes indeed ETH deserve
the success in value right now, developers enjoy the concepts aside from high gas fees but the usages it's indeed successful.
Ethereum deserves its current position in the rankings. And the cost of ETH is quite justified, the network really offers a lot of opportunities and tools. Perhaps for institutional investors, the issue of high commission fees is not as acute as for ordinary people in the crypto world.
Although the maximum supply of ethereum is unlimited, ethereum ecosystem and usability is much better than that of litecoin, which is why the price of ethereum has risen so high. and also the hype about DeFi, DEX, Farm, Liquidy Pool as well which is another reason ethereum price increases and makes new ATH,
Yeah this project achieved the success due to the usages that it brought to this community,
and with all those hypes coming from project who has been developed inside ETH chain, it's adding everything and bringing the price to rise more.