The transaction fees is hurting the investors and the projects who are using their platform and the project developers need to find alternatives especially NFT projects so that the end user is happy with the way things are. The promise of a lower fees after the upgrade is just a promise and unless we see any gradual change in the network fees, there is no point in holding the coin even as an asset.
Exactly, everyone related to the owners of ERC20 tokens in their wallets and willing to send to other wallets or exchanges will feel that it is very hard to send the transaction. The gas fee of ETH really ensures that it will be very difficult to be a currency as a payment method because of that high fees. It will be enough to choose another platform that offers very lower fees.
I saw several days ago, I need to send an ERC20 token and I need to pay around $71,
That is why I decided to delay it.
And right now, I see that the gas fee is lowering, it only needs around $7.