@hutt
Recent ETH gas swings—peaking 50 Gwei—curbed DeFi activity, dropping daily users 15% to 800K. Chain data: transactions fell 20% during spikes, per Etherscan, squeezing yield farmers. Impacts: high costs deter retail, favoring L2 migrations (Optimism up 30%). Positives: dips below 10 Gwei boost 40% participation surges. Analysis: volatility hampers growth, but upgrades promise stabilization. Outlook: if averages settle, DeFi rebounds; else, user exodus accelerates to cheaper chains.
0 reply
0 recast
0 reaction