The fee is somewhat bearable now, although still far more expensive compared to other chain, but I think they already missed the best opportunity ever for ETH golden age which is when TVL is reaching ATH and big projects were only deploying in ETH specifically to get that massive TVL and bring some share of it to their project.
Now blockchains are more competitive than ever, offering huge TPS and low fee, absolutely no reason to use ETH for now since other L1 is just as good if not better.
And the fact that there's nothing meaningful coming from ETH side that truly can bring spotlight to ETH. ETH holders are cooked.
The cost is cheaper because the network starts to be quiet and the price of ETH decreases, therefore if the price of the fee can now be said to be cheap, unlike when the main stream is crowded, we know how high the network is when experiencing a surge of activities.
Ethereum is going through a deep crisis. I still believe it's the most dangerous it's ever been, and there's a significant risk it could lose a significant portion of its value.
What I've noticed when I've talked about Ethereum a few times recently is that there isn't as much engagement in the discussions as there was when Ethereum was in a better position.
Switching to PoS didn't brought any good for Ethereum price. Ethereum was also not able to perform well during the recent bitcoin bull run where bitcoin crossed 100k. Ethereum also had a crisis leadership in ethereum as warned by ex engineer of Ethereum. If you are investing in Alts then you must be aware of such cons associated with them. Ethereum is looking not much attractive these days for investment.
https://www.binance.com/en-NG/square/post/21570097361689It’s worth mentioning that Ethereum has lost a significant portion of its user base due to these crises. This has created an opportunity for other networks to attract users, as Ethereum struggles with instability and recurring issues.
In many of my previous posts about Ethereum, I’ve highlighted centralization as its core problem. Mr. Vitalik still believes in his ability to lead the project much like Mr. Musk, but he may have overlooked just how competitive this market has become.
That's because Vitalik Buterin is close to a woman, it is rumored that a man if he is close to a woman or unmarried he will not focus on what they should do for the development of their business, and this happened to the genius maybe, we often see memes about Vitalik on X about why Ethereum is experiencing a bad leadership crisis and their price development is down, also with several L2 projects that are also carried away, now developers are building more on the Solana network than ethereum or on other networks as a better means in terms of network facilities for their projects.