Ethereum is recovering thanks to scaling solutions and sibling competition

Some crypto experts suspected that Ethereum would lose popularity due to high transaction fees, which forced many crypto pioneers to downshift. However, Ethereum is once again pulling itself out of trouble thanks to a healthy policy towards brotherly competition.

Ethereum's daily transaction fees hit an eight-month low of $2.8 million. The decline represents low network usage, and one reason is Friend tech, which is built on Coinbase's L2 chain and points to the growing popularity of scaling solutions.

Base is the latest product of the American crypto exchange Coinbase: an Ethereum scaling solution that promises to make it faster, easier and cheaper for developers to build applications. Base also reduces fees on the main Ethereum network by developing Ethereum's L2 scalability solutions. Also some of the reasons are
layer 2 scaling solutions such as Optimism, Arbitrum and others help scale Ethereum, reducing congestion and keeping transaction costs under control on the mainnet.

As the competition between L2s grows, it becomes clear that Ethereum is benefiting as it returns to the broader crypto masses and gently erases the inconvenience caused to the crypto pioneers. It also retains a certain kind of exclusivity and all thanks to the quiescence of the Bitcoin network and a positive Bitcoin vision for all crypto participants that can offer better values ​​overall for the crypto revolution.