PSA: Be careful with having small amounts on the Ethereum Layer 1 this bull run as it could end up being financially locked there for the entire cycle.

I’m not sure how much of an effect the Dencun upgrade will have on the ETH L1 gas fees during this bull run if activity spikes like usual. It should help but if there is a massive amount of new users it could offset the improvements Dencun allows potentially.

Gas fees last cycle got really expensive on the layer 1 as well. Really anything less than $1,000 USD and you should really start looking to move it to an L2.

Gas fees on the Ethereum L1 could make it unusable for smaller retail players by as early as this summer.

Luckily the solution is the move your assets to an L2. You can even have wETH and sETH on layer 2s now. If you are a smaller retail user you should probably start migrating funds now as $40 transaction fees could be the norm as early as this summer if things heat up.

I don’t think this is obvious to new crypto users that the ETH layer 1 is about to become unusable for smaller crypto users during the bull run.

Optimism, Arbitrum, Polygon,etc…. All offer a bunch of solutions for users looking to make on chain EVM transfers with reasonable fees of less than 10 cents most likely even at the height of a bull cycle hopefully.

This also applies to NFTs I believe that are on the L1. Unless they are blue chips they could become worthless.