The ethereum gas fees is crazy for small traders like us but it is not a concern for whale, that's why the big project still chooses ETH as the starting place to develop. In return for expensive gas fees, ETH is safer than the rest of the networks which is what projects care about.
There have been many other networks created to replace ethereum but most of them cannot beat ETH. Enough to show the importance of ETH in the market.
And if we noticed, most hacks that are happening now is either from bsc or from the other newer networks. People only complain about how high the fee of the eth but they did not know that once they got hacked they can lose more than what they pay for the eth fees.
Hacks that are happening are not a joke because they are mostly billions if not trillions. other networks cant replace eth, it was like the eth cant replace btc but they are created only to serve as an alternative if one is not comfortable with the other. Until now a lot of us still believe that eth fees can return to normal and for that we are waiting for the deployment of eth 2.0 that is said to be coming now.