Santiment experts suggested that the fall of the commission in the ecosystem of the Ethereum could become a consequence of the general decrease in the activity of traders caused by economic uncertainty in the world.
Brian QUINLIVAN Brian Quinlivan, the company’s blog, wrote that the level of commissions on the Ethereum’s network is regulated by the market principle of supply and demand.
“When the network is actively used, traders increase the commissions so that their transactions are confirmed faster. This increased the average operation costs. Now, with low activity, there is no need at high rates, and the commissions are falling, ”he explained.
A decrease in the level of commissions reflects not only low interest, but also the weakness of the second in capitalization of cryptocurrency, whose market value fell by 15% over the past month and almost 37% over the past year.
At the same time, Santiment experts see in a market situation the potential for recovery.
Firstly, the decrease in commissions and the price of the asset in conjunction facilitates the entrance to the cryptocurrency for new participants, which can spur demand, activity and stimulate the increase in the cost of the broadcast with minimal resistance.
Secondly, from the point of view of developers, the level of commissions can be the perfect time for testing applications and conducting transactions with minimal costs, which can stimulate the development of new Defi protocols and NFT projects.
Earlier, the co -founder of Ethereum Vitalik Buterin said that the key problem of applications created on the basis of the network ecosystem is not their infrastructure, but mild social value.
Source: Bits

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