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ETH transaction fees continue to be a burden on users, a large hurdle for newcomers, and pricing out others. The fees have slowly been climbing throughout the year, first driven by DeFi congestion and then NFTs. The average price for a transaction on the network has been above $40 recently, leading to many users being priced out of the ecosystem. Several scaling solutions have been launched to help solve this problem, like Arbitrum (mentioned in a prior Nuggets) and Optimism. It is unclear which technology will lead the space but they are all cheaper than ETH transactions fees today. See table below from The Block.
-Harsharn Singh, Investment Associate @ Ember Fund
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