RE: A Glutton for Punishment
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This is one of the reasons most people are moving over to binance smart chain. Although centralized it offers people the unique opportunity to transfer value at a cheap right. I do not know what the eth network has got up their sleeves but if things continue like this they will quickly slip down the pecking order. Whales alone cannot sustain a blockchain. They are missing out on the micro-level. I for one never got into defi because of the high gas fee until I joined binance smart chain via our very own project--cubdefi. I might be insignificant in the grand scheme of things but there are thousands and I dare say millions of people who would get into defi and other interesting projects on ethereum if only the gas fees were reasonable.
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I think you are right. The gas fee is a huge barrier. I didn't play around with DeFi much either until Cub came out.
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