Post
Topic
Board Altcoin Discussion
Re: Will competitors defeat ETH due to ever-increasing gas fees?
by
Naficopa
on 31/01/2022, 10:22:45 UTC
@Fatunad I agree. People are opting for other alternatives for Ethereum like Cardano, Solana or polkadot due to the high gas fee but when the Ethereum 2.0 will launch which has negligent gas fees, again people will start opting Ethereum and the price will see a surge.

Ethereum still has the largest share of the smart contract market despite its high transaction fees. I agree that if the Ethereum 2.0 launch makes the gas fees to drop to a level similar to the BSC, ADA, SOL or DOT blockchains, it will again start taking over most of the market. However, we are still not sure that the transaction fees will drop after the fork.