The world isn't growing cheaper by the day, rather, things are bubbling up with priceful tags, so at this point it's better to fix one's mind on growing his pockets to meet the expenses.
Who loves charges? - the ones placing them, lol.
We've lived to witness the absolute change in crypto space, starting from adoption with equals to the growth of the blockchain and its wealth. In every field there's always the key players, and in this crypto space, I believe we've far known them.
The year 2020 really placed crypto in a more comfy state, I don't believe anyone could have seen it coming but enthusiasm brought us here and that's all one can say.
Ethereum has been one of the big boys in this space and according to on-Chain data, it's likely to keep its position even longer. I remember creating a rant or two about ETH gas fees, yes, no investor wants to pay so much but for the fact that we're moving to much expensive times, we really shouldn't be sticking to poor mentalities, which in turn may cost us a lot than we fear to lose.
The plunge in Ethereum that took it high off the skies, and to our greatest notice drove its gas cost high above 10$ as well. The sudden gas fee plunge has led to many articles proposing the fall in ETH, that as myself to be inclusive. Sure the world needs the cheaper games to meet the cheaper bodies, but we as early adopters should not really focus our minds on being cheap assholes. Though ethereum gas fee rose exponentially, it really didn't cost it its position amongst the top players, at least not yet if you think it may. Maybe ETH gas fee will be a bit cheaper in future or maybe nothing will ever be done, but here's a bit of an information that should create some FOMO in you.
If we look into some of the Ethereum blockchain players like Uniswap the weird horse with rainbow colors and then Compound the totally sensible name for a token, you'd see that in the defi space, Ethereum is the top player, Binance may be smart lol, but Ethereum is still the deep blue sea.
Source: coinmetrics.io
At first glance at this I felt the Tron network was leading the train on daily active addresses. Yes the Tron Network is great because it cost less right? But it's an unfair comparison because we shouldn't be growing poorer, everyone needs to burn the fuckin cash for more in return, that's how the top investors play their cards, stake to lose to win, simple, risky but fruitful once played proper. With the chart above, Tron is a tough competitor going hard on Ethereum, and by that chart it actually surpassed the Ethereum blockchain, but then not everything at first glance is what it seems. As we know that blockchain data can't be changed but it can be inflated by manipulations, judging from crypto market activities during PnD instances. So as such, laying off a bit by looking deep to actual players contributing to the network, this is what we've got:
Ethereum still flames high judging from transfers or transactions recorded which actually adds value to the network. Ada is actually a much closer competition which we could understand due to its recent flash updates and price plunge, but Tron on the other hand is far from it.
Source: defillama.com
Looking at Smart contracts Total Value Locked, it shows some tough hints on where the train is heading. Although fees are getting out of hands, Ethereum investors tend to prove their riches to be over Ethereum network charges. The flow of cash on the Ethereum blockchain still remains King, and straight judging from its active addresses contributing to the network on a daily, there's therefore some points to think and feel some FOMO about not investing in this blockchain.
We all came into these space to make big bags, so we were supposed to come with enough bucks to invest invest right? I am much certain that a million dollars invested in Ethereum is likely more profitable than BTC, not a comparison but if you look at the cash flow, you'd realize that BTC is just that first cryptocurrency that obtains its value by being the first ever and bluiding round that, but else this point that keeps it peaked as a Golden assets, the Ethereum blockchain regenerates more cash annually, that which you can observe by gaging the difference in cash flow based on gas fee repuduce against BTC, and then you'd be certain.
So then, Ethereum competitors are left in a wide space regardless of gas fees, At least for now if you doubt it won't for long.
