The Embarrassing Situation of Ethereum: From Industry Benchmark to "Unaffordable"

Speaking of smart contracts, Ethereum is indeed the pioneer. The DeFi ecosystem and the NFT market, which one did not originate from it? The title "King of All Chains" is truly well-deserved.

But here comes the problem – the more people use it, the more congested the network becomes, and Gas fees shoot up like a rocket. For ordinary users, the transaction fees may be more expensive than the principal amount, who can bear that? Over time, people began to jokingly refer to it as a "noble's exclusive chain," something that ordinary folks cannot afford to play with.

At this time, Layer 2 scaling solutions become particularly crucial. It's like building a fast lane on a congested highway, preserving the security of Ethereum while reducing transaction costs. For Ethereum, L2 is not just a simple technical upgrade, but more like a matter of life and death redemption - whether it can win back users' hearts depends on this battle.