If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain. This cause the user of ether will decrease. One day ether will lose their user.
Do you have any idea why there is such a large gas charge on the Ethereum blockchain?
Closer to the summer of 2020, a hype began around Defi projects, a lot of similar projects were created, after the resounding success of YFI. They were launched on the Ethereum blockchain, since it is very easy to do there, the network was simply overloaded, due to network overload, and there was such a high commission.
With the release of Ethereum 2.0, transactions should be performed even faster and the network should not lie down so easily, I think that this should not happen at all, at least for such a long time.
Now the hype for defi has already begun to subside, so the commissions have already begun to stabilize, a commission of $ 1 is already normal for me)
The problem is not in the hype of defi projects, but in the Ethereum blockchain system.
This blockchain is already very old, it needs an update, just what has been planned for many years - Ethereum 2.0.
But I also don’t believe in this Ethereum 2.0, for how many years they have been postponing everything, feeding us with promises.
And they have only one excuse "We do not want to make past mistakes", of course, on the one hand this is even very good, but many projects, by the time Ethereum 2.0 is released, will become much better, more advanced.
Write that the load on the network has subsided? Yes, she was asleep.
But for how long? So far, the hype has calmed down a bit, but I don't think it will last long, the era of DEFI projects is just beginning.