With soaring gas prices, the main thing that keeps ETH afloat is it re ...

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With soaring gas prices, the main thing that keeps ETH afloat is it revolutionized DeFi. Without it, it can easily be surpassed as the #2 cryptocurrency.
https://twitter.com/bobgodwinx/status/1357770987366973442

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The gas prices really make it untenable at the moment. There's no reason to move ETH if 15-20% is going to Gas fees. You're better off with fiat and stocks if this is the future of defi.

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Yes it is. I tried sending Basic Attention Token to another wallet, the gas fees are much higher than the actual amount that I want to send.

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(Edited)

When cryptocurrency is created, we were always informed that it would be private, decentralized, cheap, fast and fully controlled by users. but it seems each of these components is being changed. eth network, what are they doing?

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