Ethereum fees hit a five-year low, and the community set off the "L2 poison theory": there are no cars on the road, and V God is still laughing and building highways

Ethereum's fees hit a five-year low, which made the Layer2 poison theory discussed by the community recently, and the moving area also consulted the old OG who participated in the development of Ethereum in 2016 to explain, why Layer2 has become Ethereum's blood-sucking poison? (Synopsis: Ethereum OG sprayed "ETH did not save": the foundation should frankly admit the four major mistakes, and in 2021 it has mastered the world's largest computing power) (Background supplement: Base chain game Infected jumped to Solana: Open Ethereum EVM, no culture, no users are not suitable for game construction) On-chain data shows that the average transaction fee (Gas Fee) of the Ethereum network has recently entered a dormant state of about "0gas", and some periods have even touched the freedom of Ethereum, which is less used The low points not seen since 2020 show that there are huge problems with Ethereum's network activity, and the community has recently launched an Ethereum FUD wave, and many developers and users are criticizing the failure of the Layer2 strategy. Layer1 fees are the same as Layer2 three years ago In 2022, when Ethereum was crowded and the transaction volume was frequent in the past, layer 2 brought a scale of nearly 0.1~0.2 US dollars to Ethereum's average fee per transaction from more than one US dollar, which is also the ideal stage for Ethereum founder V God to believe that transactions are available, but today's Ethereum layer 1, which is lacking, seems to be less needed Layer2, according to the actual measurement of the moving area until the deadline, Ethereum needs simplicity The DEX transaction fee has reached the level of $0.19, and the recent low price of Ethereum, the community and professional blockchain experts believe that this is a major warning sign. Looking back at history, high gas fees have been the main pain point hindered by Ethereum's popularity and user experience from 2020 to 2022, but the rise of public chains on other smart contract platforms and the market changes in overall on-chain transaction demand have made the evolution direction of Ethereum seem very strange. In addition to lower gas fees, Ethereum has other attractive features that are better at retaining customers, which is actually what the market cares more about. Layer 2 Overhead Mainnet: Token Economy Collapse At present, Layer 2 scaling solutions are booming, and many Layer 2 networks such as Arbitrum, Optimism, Base, zkSync, etc., have achieved expansion and reduced fees by submitting part of the final results or proofs back to the Ethereum mainnet (Layer 1), and introduced EIP-4844 in the Dencun upgrade (Proto-Danksharding), the cost of Layer 2 handing over to the mainnet, known as Blob Gas Fee, has been significantly reduced by more than 90%. Transactions that could have occurred on the mainnet are now completed efficiently and cheaply on Layer 2, ETH is facing the importance of being a native token, the core value as a means of paying L1 gas fees, and this may also be a major factor affecting the price of coins, the emergence of Layer2 may be hollowing out the mainnet token economy, and Ethereum is currently being issued in a PoS inflationary way, which poses a serious challenge to the long-term development of Ethereum. Demand rigidity shrinks, additional produced tokens are not worth much Why is the price of the coin falling, and Ethereum users are not as expected? This may be a question that actual users want to ask, but it must be reminded that the current prospect and architecture of Ethereum and the era of 2022 have completely different architectural changes, Ethereum's old OG "anti-scale dragon" revealed to the moving area, there are three main points different from the past Ethereum market, which has led to the price of coins only falling but not rising: For the growth in demand for smart contract platforms, Ethereum has not received most of it, and innovation has also been lost Ethereum's marginal cost of issuance is close to zero The value of Ethereum's ecological binding is very high, But these values are usually only reversed demand in the short and medium term The dragon believes that compared with the Ethereum high in 2022, the current Ethereum ecology has become rigid, and the high-liquidity TVL has long been defected to other chains or Layer 2, but the point is that these growth are actually diffused from the entire Ethereum system, and the overall loss of Ethereum's customers, especially retail investors, is very serious. Large customers choose to continue to use Ethereum based on security and less relocation needs, and this has become the main Ethereum retention customer, so the construction of Layer 2 is irrelevant to them, just the existence of chicken ribs. In this era when Ethereum does not have much living water, and old users do not have to use or develop high-frequency Layer2 needs, then the newly issued Ethereum tokens are of course worthless, which is the reason for the collapse of the overall token economy: Everyone has run, there are only those low-frequency non-transaction custody needs left on the chain, do you think the burning of Ethereum will meet the original expectations? The most serious thing now is that the overall demand is rigid and there is no way to go up, but the token issuance has become inflationary, which makes the situation more and more serious. To first say that this cannot be compared with the inflation of the PoW era, because the marginal cost of PoW tokens is not zero, but PoS will be zero, and now even if the inflation rate is lower than that of the PoW era, no matter how the coin price falls, those who pledge earners have free income to suck the blood of the overall ecology, which becomes particularly realistic when the overall Layer2 construction becomes nihilistic. You can think of saying that these people of the Ethereum Foundation are still building highways that no one wants to use after PoS enters the demand rigidity stage, and their approach is that they have no money, so they dump the zero-marginal cost tokens, but in fact, the demand for tokens has not increased, so these long-term dumping people, after a certain period, they are actually sucking the blood of the entire ecology and building mosquito equipment that no one uses, which is why the Ethereum Foundation will be scolded so badly. 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