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Ethereum Gas Prices are High Because People are Using it and if other chains suffer the same traffic, fees will go high too

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by COINS NEWS 215 Views

This is plain wrong.

Out of all blockchains, Stellar processes the most transactions. Yes, even higher than Ethereum.

The fees? Fraction of a cent. In terms of XLM, that is 0.00001 XLM/tx.

And yes transactions include all kinds of operations including DEX trades.

Other chains also have lower fees despite having massive traffic such as Solana and Terra.

The real deal: Ethereum is inefficient at the moment and it needs to scale. Of course there are layer 2 solutions but they are useless when sending from L1 to L2 costs a lot too. Let’s stop pretending fees are fun and Ethereum doesn’t have problems.

submitted by /u/pieceofpineapple
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