[CyberDildonics]

Utility? The transaction fees are around $30 USD now.

[imtringued]

Presumably someone receives more than $30 in value from these transactions, otherwise they wouldn't be willing to pay them.

[CyberDildonics]

No one is contradicting a basic tautology like that.

What do you think people are using those transactions for? The average transaction value is of $5,000 USD.

https://bitinfocharts.com/comparison/transactionvalue-eth.ht...

Do you think people are making these transactions for anything other than speculation? You said value, I said utility.

[dmihal]

Fees are a function of supply & demand.

High fees means there's tons of demand to use the chain.

Yes, it sucks for small users who are priced-out, but scaling solutions such as rollups should be launching within the next few weeks.

[CyberDildonics]

It isn't small users who are priced out so much as almost every use case other than speculation.

Anything that does not allow more transaction throughput doesn't help.