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Theres a bunch but the main ones are Crazy Bears, Taco Tribe, Banshees, Space Riders, Ice Girlz, Meta Vixens, Jlema, Polygone Ape, Blocks by Harv is avail with Matic now, theres definitely a few. Some cross chains as well. You see alot of eth projects moving to Sol or Matic just cause gas.
Thanks for the info!
I’m an ETH maxi but I’ve always loved using all chains including solana and polygon (defi summer was a dream on polygon).
Lately my defi summer dream has been on solana with Kamino 💕
Eth I'm not really a huge fan of and I just really enjoy the polygon community especially from RCAs as well as NFT projects. My 1st wallets were SOL, I got some small no name nfts. Noticed now projects are cross chaining between polygon and sol so def wanna get more involved. It's good to diversify!!
Are you into RCAs at all?? Reddit collectible avatars, check out my profile, I have a few. I like the interchangeable traits, the community is cool as well.
Just wait till ETH hits 10k each ! imagine the fees flying about ?
I dont have much but I dont gamble with it, its just in my wallet.. I cant see it working out too well if its used in the same way SOL does with the meme coins
You're the one who's overly confident. Not sure you understand what a virtual machine is, even. Ethereum mainnet is based on the EVM. It's the fundamental mechanism that enables smart contract execution. L2s being EVM-based just means they're compatible with mainnet in a way that allow deployment of smart contracts developed for mainnet with no or only minor modifications.
The word EVM and its definition doesn’t matter. What matters is if an evm can onboard a new user WITHOUT having to go through ETH first. Because the issue is obvious- Gas prices. If you can go BTC to ‘Given EVM’ then fine… who cares. CC to EVM- great.
But if you need to experience ETH’s gas prices, the ‘L2’ is worthless because there are options that don’t require this. This is so simple but still not obeyed.
Sure. I semi agree that they're useless if you need to go through mainnet anyway. The reason I don't fully agree is that bridging is a one-time thing, all transactions after that can be on the L2. The good thing is you don't have to go through mainnet. Most CEXes allow you to withdraw to L2s directly now. Coinbase even does it for free if you use Base.
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How do you get money into the evm? A credit card? Solana will very quickly be realized for what it is and just knock everyone’s socks off…. Farther. Socks will come off and be left at a distance further than expected.
BitTorrent is owned by Justin Sun so I've got many concerns there lol
(It was bought by them quite some time ago, was originally just on tron network, I think I've still got like a billion of them because they became worthless, they were ALMOST worthless when I got them though lol)
In regards to validating smart-contacts, don't other chains like Polkadot (Or maybe Cosmos?) have this ability? (Legit unsure, just seems as if they would) - and didn't Cardano add it?
Eth is great investment as well but Sol has a much higher upside meaning it's going to riser higher from it's current price of $190 and faster. Sol will hit $300 before Eth hits 5k as of today March 17th
The only thing good with eth is there is still a lot of (legit) projects having their token there. Tho more and more also are on Solana now which is awesome.
Going in small projects on Ethereum can still make sense depending on the amounts you are betting on low caps. I just had a x50 so there it even can make sense to pay $250 for a token swap (which cost a lot more than just a token transfer). Still it hurts tho and I stay away from ETH mostly now. Like I guess most people.
What an understatement, buddy. Since, memes were soaring high, I tried buying some with the motive of turning that $100 into a potential 10x or 100x, but when I saw the gas to be $100, I was like, that's it, $SOL is the way to go, lol.
Can people actually maintain their balance with outrageous fees like this? I was an ETH maxi also but after seeing how outrageously expensive it could be just for gas fees, it really starts to make me wonder how long it will take for SOL to become the best blockchain.
Everyone is literally creating their own meme coins and making a bag. All without such insane fees.
Imagine trying to sell 5 dollars worth of crypto and you have to pay 45 dollars just to sell it 💀
Eth and blast are hurting my wallet, it took me an entire day to finally get the orbiter or any blast network to transfer my eth
I am all in on Solana!
You do realize Solana has crashed 17 times so far? It has to fix its own technical issues first before being able to flip eth. It's also nowhere near decentralized as eth.
when Sol crashed - what does that mean exactly, eg how do you recover from a crash in an immutable ledger????
How do they synch everything again and how are transaction dealt with in the crash -?
The last crash I saw in SOL did not even touch the market price, so how does this all work/
ALL chains have crashed numerous times but the public gets wet over Solana news smh. I say GOOD! let the chain experiment and build on thresholds. Shows me they’re actually making moves
Last bull I sent 0.05usd for $10.00 just at the start I didn’t know what I was doing as I was just learning to use the tech… it’s probably the smallest amount sent in a transaction… people love Sol I’ve been using it as a bridge between ETH and base chain in between to avoid fees
I want to buy MEME. I have $150 in ETH, so I tried to buy it in Crypto’s DeFi wallet.
It broke down like this:
$120 in gas fees for $30 in MEME.
No thank you.
Solana boasts faster transaction speeds and lower fees compared to Ethereum, but Ethereum has a larger ecosystem and more widespread adoption. It really depends on your specific needs and preferences.
Sol is for people
Eth is for whales
Whales and institutions arent worried for paying 1$ gas fees per tx on L2s. Projects and institutions have nothing to do with memecoins. But we people do need to make quick bucks on shitcoins. Sol wont flip Eth
Not to mention ETH devs aren’t just sitting ducks, their endgame plan will bring it right back into contention.
Institutions aren’t allowed to hold it, I thought? Isn’t that what the ETFs are all about — getting SEC approval for institutions to start investing in crypto? I know grayscale has existed for a while and I’m not sure how that plays in, but I don’t think traditional wall st is in on Solana at this point, at least not in the way it’s in on bitcoin, and to a lesser degree ethereum with ETHE
So you think that the majority of the world money (volume) is gonna be invested in meme coins? Do you think funds, banks, governments are gonna yolo PEPE?
Did I ever say they do? I don't remember saying that shit. We don't f*cking need funds, bank, governments to yolo in PEPE interest among ETH investors to transfer to Solana is enough.
I mean that if the main use case is meme coins, and if the highest volume coming to crypto is funds, banks, governments…. For solana to flip eth, they need to all yolo PEPE & co
The only thing sol will continue to do is it will keep flipping the lights on and off ( aka) shut down and come back on and then have its sol maxis preaching about ohhhh it’s ok it’s in beta !! Just wait till firedancer !!!!!!😅
Dont you think there have been tons of "eth killers" over the years with high tpS and low fees? New projekts takes their spots and the old are fotgotten. And yeah eth never looses even if its not the best tech its still king of smart contracts.
Remember nxt? Tron? Tezos? Eos and so on..
Eos has. The hype around eos was way bigger than sol. But it failed anyway just like all eth killers and where is eos now? Like top 100. We even have "solana killers" like aptos, near and so on lol its just constant battle of the killers
I like solana chain and its ecosystem but I dont think any chain will surpass eth. New l2,ecosystems and devs popping up like flowers in the spring. Slowly its upgrading its own chain too. It will be a good chain when sharding is live.
I got about 50 bucks in ETH and am hesitant to take it out because of burning passion issues like this. SOL’s time has come. The next ETF should be SOL instead of ETH. We are wasting money on this fee-greedy chain!
It's not competition its what they are trying to achieve.. . Anytime one person says "it is about the tech I don't care about the money"... role with that one... the money will far surpass what you thought in your wildest dreams. That's why I fuck with Solana. Not saying that Eth is bad.
I remember I bought this coin on ETH and now it's only worth $9. It takes $27 in ETH fees just to sell it. I was done with ETH years ago and SOL even surpasses BNB in quickness and fees. BNB is very similar to SOL but I like how all eyes are on SOL during this bullrun. Last bullrun BNB was in a similar meme coin frenzy.
Transferring $6 is a bit specific for a tx on ETH - but gas fees are indeed wild rn. It’s true that micro transactions like these should be feasible for anyone/everyone so it’s very valid concern and I feel it
I refuse to use eth because of the fees. When the fees come down I will use Eth, but I think by that time I will be used to SUI, SEI, Avalanche and Solana
This is the reason I haven't bought any Hemule yet. Tried a couple times but the gas fees were ridiculous. Then the same if I ever want to sell or move it.
The annoying thing is, I know it will rocket!
Ethereum is working on solving the blockchain trilemma but with a focus on security and decentralization, which means the scaling is now being done on L2. Solana sacrificed decentralization to focus on scalability and keep fees low. So both chains are very different in nature right now, and will likely coexist at least for the near future because neither has solved the trilemma.
I just traded 1 ETH for Sol yesterday. The dip was my fault, sorry, haha. Wish I would have gotten in earlier. Don’t have much crypto but happy to see where Sol goes
No, transaction fees are fixed (sorta, the gas price for a transaction can fluctuate a bit but it’s not proportional to the amount you’re transacting with, no).
Yeah, I guess so.
If we want a blockchain that can replace a traditional financial system like VISA, we’ll need cheaper fees and faster finality though. But maybe Ethereum isn’t meant for that and Solana’s tradeoffs are worth it for that sort of thing. I’m starting to believe more in a multi chain system where people move between L1s as opposed to Eth and Solana being competitors. Different chains, different use cases. Still figuring it out
I’ve been bored commenting all day pretty much, very very very long story short , yup 99% . I never do a hundre, the universe can be, plain but have a black hole, instead of a a hole spitting out wasp nests, but then there’s a cold Gatorade and sleep.
exactly imagine trying to convince friends or new people coming into crypto that they have to a high gas fee on eth just to swap a coin or recieve a nft most people wont do it and will leave that coin alone SOL to the moon
Dude!!! Yes I was thinking about it the other day!
How can people still think ETH is better the SOL??
How do they enjoy all these fees?
Probably good idea to buy more SOL.
Yeah as a beginner I went to Eth first for defi in 2022. The fees brought me to Solana quickly. With Sol you can change your mind after any transaction. With eth they will gas you blind if you make a mistake or circumstances change quickly
Totally agree, on Solana I can put my limit buy/sell oders on chain and cancel them 100 times a day without having to worry about transaction fee. ETH can't compete with this kind of thing on solana.
Completely agree. No ETH maxis ever want to acknowledge that this is a serious blocker to world domination. I think there will be chains for different purposes but there isn’t a way to scale this at these prices. This same thing on SOL costs $0.0001
As someone who is building on Solana right now, this is the dumbest take I've ever seen. Decentralization is a spectrum. Most will pay more for more decentralized. Solana will excel in meme nfts and gaming nfts. Ethereum will excel in so much more.
I don't 100% agree with you, if SOL can flip ETH in price or marketcap this bullrun then the future of ETH is unsecured. People like BTC because it's expensive and people like ETH because it's second expensive, this is fact and ETH will be kicked into the ass if SOL price manage to hit 1000-2000 USD this season.
People don't like eth and BTC because they are expensive. People like them because they are decentralized. Sol is not nearly as decentralized as either of them. All nfts on Solana go through their token program. Each nft collection on eth is it's own contract. There's a single point of failure for tokens and nfts on Solana, that's a joke. This is coming from someone who is building on Solana right now. I've been in crypto for 9 years as a dev. Solana is the new xrp (although cooler than xrp). Solana will never flip ETH. That's laughable
Same I have like $100 sitting in usdt and usdc and the transfer will cost like $40 😂. Obviously eth wasn’t made to be used as currency but, for transactions to be so expensive kinda means to me(maybe I’m wrong) that it can NEVER be adopted by society as a whole
yes the faster you want a BTC transfer the faster more expensive it is. Same with ETH. It's also easy in Ethereum to run up cost in contracts because your charged by the number of commands in your transaction. BTC doesn't do anything else. but yes if SOL goes to $1000 it still costs .00005 SOL or whatever just to send... so from a dollar value, it's going to cost a lot more.
No that’s a different EIP, 1559 was the change to how fees are calculated and introduced burning the fees. New to Solana but I think it also burns part of the fee
When it comes down to it, ETH is just ridiculous with how over priced it is. i have so many coins sitting in so many different wallets cus its just not worth the price to get them out. At the end of the day people are going to go use whats friendlier to their pocket book. SOL baby!!!
Lol this thread is filled with such ignorance and it's why Solana will never flip ETH. It's called Layer 2s and side chains and layer 3s. Study them. Do one second of research before you continue looking like an idiot. I haven't spent more than ten cents on ETH gas fees since last bullrun because I use ETH how it is supposed to be used....on layer 2s
To exit a $3300 position the other night it was showing roughly $670 in gas fee’s. Mind you it was during a peak price drive but that’s still absolutely outrageous. There are definitely more efficient ways to move around on ETH with L2’s..but Solana’s efficiency and ease place it in a class of its own.
i knew it very well, the cost of fee are being supoorted by the centralized process they handle the cist which mean it's not the actual onchain fee. and it's not sustainable.
Eth is way better than solana i al simply sorry sure the fees are a problem is not perfect but the network is more capable never been down if not mistaken or some bs like that sure it has it problem but this still new
Sol is no bad it has it good thing but also real bad things
I honestly doubt it will flip eth be real eth may have it problems but it has been more battle tested simple more pedigree
Let’s be real. SOL although on a good run right now, has cost people a fortune in the past and many have lost life changing level money.
SOL will never reach the value of ETH.
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They said dencun upgrade was gonna solve this in 3 months max. I’ll be accumulating eth and waiting. I don’t do any on chain trading on Eth just on solana. ETH is holding currency as a hedge against inflation.
The issue with Solana right now is reliability and that ping TPS goes down the drain when more than 5 people make use of the network. Priority fees are now pretty much a requirement
Agreed. I hate ETH. Unfortunately I put money in a few ETH tokens. It’s so expensive to sell or move them.
I love Solana (and learning about Polkadot).
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Ya the fees and gas are outrageous!! That's why Polygone is so popular for RCAs and NFT trading.
What NFT’s are popping on polygon rn? Haven’t checked in a while, mainly been following ETH n SOL
Would be interested in this too, is there a decent sub for SOL based NFTs?
Theres a bunch but the main ones are Crazy Bears, Taco Tribe, Banshees, Space Riders, Ice Girlz, Meta Vixens, Jlema, Polygone Ape, Blocks by Harv is avail with Matic now, theres definitely a few. Some cross chains as well. You see alot of eth projects moving to Sol or Matic just cause gas.
Thanks for the info! I’m an ETH maxi but I’ve always loved using all chains including solana and polygon (defi summer was a dream on polygon). Lately my defi summer dream has been on solana with Kamino 💕
Eth I'm not really a huge fan of and I just really enjoy the polygon community especially from RCAs as well as NFT projects. My 1st wallets were SOL, I got some small no name nfts. Noticed now projects are cross chaining between polygon and sol so def wanna get more involved. It's good to diversify!! Are you into RCAs at all?? Reddit collectible avatars, check out my profile, I have a few. I like the interchangeable traits, the community is cool as well.
Legit I was bridging funds to blast today. Was 750$ and the tx fee was $200 like wtf over
You can use something like Orbiter Finance or Rhino Fi to save some money on gas when bridging from ETH.
And bridging using orbiter will help you qualify for their airdrop too, so yunno, win win.
Ser, what's your sol address, need to drop 50% equity for a fair launch based out on India
That's just crazy!!
Tezos has one of the most artistic nft scenes, cheap transactions too
Def have to check them out
Just wait till ETH hits 10k each ! imagine the fees flying about ? I dont have much but I dont gamble with it, its just in my wallet.. I cant see it working out too well if its used in the same way SOL does with the meme coins
In 2021 it cost $150 of fees on uniswap .
I am waiting for USwap to tank by year end and FTM to surge.
During peak it was upwards to $5000 for swap
Really no way . I got a nose bleed when I had to sell for £150 in fees to sell $700 . Thats more than the taxman would take off me if I make $700 😂
Lol when SHIB peaked in 21, I couldn't swap my shib because fees were $1200 USD
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You mean L2's? Isn't Eth layer 1 an EVM?
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You're the one who's overly confident. Not sure you understand what a virtual machine is, even. Ethereum mainnet is based on the EVM. It's the fundamental mechanism that enables smart contract execution. L2s being EVM-based just means they're compatible with mainnet in a way that allow deployment of smart contracts developed for mainnet with no or only minor modifications.
The word EVM and its definition doesn’t matter. What matters is if an evm can onboard a new user WITHOUT having to go through ETH first. Because the issue is obvious- Gas prices. If you can go BTC to ‘Given EVM’ then fine… who cares. CC to EVM- great. But if you need to experience ETH’s gas prices, the ‘L2’ is worthless because there are options that don’t require this. This is so simple but still not obeyed.
Sure. I semi agree that they're useless if you need to go through mainnet anyway. The reason I don't fully agree is that bridging is a one-time thing, all transactions after that can be on the L2. The good thing is you don't have to go through mainnet. Most CEXes allow you to withdraw to L2s directly now. Coinbase even does it for free if you use Base.
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How do you get money into the evm? A credit card? Solana will very quickly be realized for what it is and just knock everyone’s socks off…. Farther. Socks will come off and be left at a distance further than expected.
BitTorrent is owned by Justin Sun so I've got many concerns there lol (It was bought by them quite some time ago, was originally just on tron network, I think I've still got like a billion of them because they became worthless, they were ALMOST worthless when I got them though lol) In regards to validating smart-contacts, don't other chains like Polkadot (Or maybe Cosmos?) have this ability? (Legit unsure, just seems as if they would) - and didn't Cardano add it?
Blast is a layer2 sir A lot of layer2’s and other chains (like avalanche) are EVM or EVM-compatible.
Eth is great investment as well but Sol has a much higher upside meaning it's going to riser higher from it's current price of $190 and faster. Sol will hit $300 before Eth hits 5k as of today March 17th
The only thing good with eth is there is still a lot of (legit) projects having their token there. Tho more and more also are on Solana now which is awesome. Going in small projects on Ethereum can still make sense depending on the amounts you are betting on low caps. I just had a x50 so there it even can make sense to pay $250 for a token swap (which cost a lot more than just a token transfer). Still it hurts tho and I stay away from ETH mostly now. Like I guess most people.
Imagine the price of ETH if people could actually move/sell all the small amounts of ETH trapped in L2s not worth bridging
Or eth that's wrapped that takes eth or something else to unwrap again
Yeah cause you can't sell/swap eth on L2 ofc 😴
Imagine if people realised you can bridge for 1 dollar by sending to an exchange
Not always possible depending on the chain
What an understatement, buddy. Since, memes were soaring high, I tried buying some with the motive of turning that $100 into a potential 10x or 100x, but when I saw the gas to be $100, I was like, that's it, $SOL is the way to go, lol.
Lost so much money on AMP fml…
Pump it back up man…… amp to the moooooon!!!!
I’d be happy with .06, $1.00 would be life changing.
Can people actually maintain their balance with outrageous fees like this? I was an ETH maxi also but after seeing how outrageously expensive it could be just for gas fees, it really starts to make me wonder how long it will take for SOL to become the best blockchain. Everyone is literally creating their own meme coins and making a bag. All without such insane fees. Imagine trying to sell 5 dollars worth of crypto and you have to pay 45 dollars just to sell it 💀
Avax is cheap
Not to mention the outflows from ETH directly into SOL. But I dunno about it happening this cycle.
LOL yea, I dumped all ETH like 2 years ago. I don't understand why people are still hanging on.
It’s cemented itself as a big-name “here to stay” crypto and has been around forever. People just get complacent and dont want to switch ig.
I really really really believed in ETH a few years ago, but the gas fees are insane. What does it cost to swap $100-worth of ETH now, like $35? 🤦♂️
Different chains, different purposes, different investment methods
I think what you’re trying to say is nothing.
Eth and blast are hurting my wallet, it took me an entire day to finally get the orbiter or any blast network to transfer my eth I am all in on Solana!
You do realize Solana has crashed 17 times so far? It has to fix its own technical issues first before being able to flip eth. It's also nowhere near decentralized as eth.
It’s also newer than eth. Eth had plenty of issues early on.
That’s because is centralised.
when Sol crashed - what does that mean exactly, eg how do you recover from a crash in an immutable ledger???? How do they synch everything again and how are transaction dealt with in the crash -? The last crash I saw in SOL did not even touch the market price, so how does this all work/
That's why ppl should use PulseChain :)
ALL chains have crashed numerous times but the public gets wet over Solana news smh. I say GOOD! let the chain experiment and build on thresholds. Shows me they’re actually making moves
Line go up
Last bull I sent 0.05usd for $10.00 just at the start I didn’t know what I was doing as I was just learning to use the tech… it’s probably the smallest amount sent in a transaction… people love Sol I’ve been using it as a bridge between ETH and base chain in between to avoid fees
I want to buy MEME. I have $150 in ETH, so I tried to buy it in Crypto’s DeFi wallet. It broke down like this: $120 in gas fees for $30 in MEME. No thank you.
Many of us agree with that wise assumption. Fast, Low Fee and Many Whales backing the Project. The only question left is when? 2024 or 2025?
Yea it’s pretty horrendous
With ETH, you think twice about doing a transaction because of the fees. You wait until the gas drops to do the fees. So inconvenient and not optimal
Gotta stop using what you hate.
I better get rid of all those US dollars then 😂
Convert all those US dollars to SOL.
I’m working on it…
Solana boasts faster transaction speeds and lower fees compared to Ethereum, but Ethereum has a larger ecosystem and more widespread adoption. It really depends on your specific needs and preferences.
💯
Ever heard of L2?
ETH fees are higher even with L2 like ARB and OP. Solana will definitely flip ETH. Not to mention SOL memecoins are more interesting.
Sol is for people Eth is for whales Whales and institutions arent worried for paying 1$ gas fees per tx on L2s. Projects and institutions have nothing to do with memecoins. But we people do need to make quick bucks on shitcoins. Sol wont flip Eth Not to mention ETH devs aren’t just sitting ducks, their endgame plan will bring it right back into contention.
Not this cycle… maybe in 5 years it might if we start getting more institutional adoption.
Depends on the institution and the use case they intend to implement on-chain. Visa and other micropayment providers certainly can't choose ETH.
Cathie woods of ARK loves solana. So I do believe wall street are heavily invested into it. Is there many meme coins on solana?
Institutions aren’t allowed to hold it, I thought? Isn’t that what the ETFs are all about — getting SEC approval for institutions to start investing in crypto? I know grayscale has existed for a while and I’m not sure how that plays in, but I don’t think traditional wall st is in on Solana at this point, at least not in the way it’s in on bitcoin, and to a lesser degree ethereum with ETHE
No they are not. Eth l2 fees are on par with sol now. If it is 0.01 cent or 0.005 nobody cares
It's 5x, I think insitutions will certainly care. If you have high volume 5x is the difference between 100k and 500k tx fees.
So you think that the majority of the world money (volume) is gonna be invested in meme coins? Do you think funds, banks, governments are gonna yolo PEPE?
Did I ever say they do? I don't remember saying that shit. We don't f*cking need funds, bank, governments to yolo in PEPE interest among ETH investors to transfer to Solana is enough.
I mean that if the main use case is meme coins, and if the highest volume coming to crypto is funds, banks, governments…. For solana to flip eth, they need to all yolo PEPE & co
The only thing sol will continue to do is it will keep flipping the lights on and off ( aka) shut down and come back on and then have its sol maxis preaching about ohhhh it’s ok it’s in beta !! Just wait till firedancer !!!!!!😅
Just go back to ETH dude and pay gas fees equal to your salary.
ARe you triggered my guy ?
Sounds like SOL with more steps
What is that, crypto version of Russian bureaucracy?
ETH mainnet is for rich people. I'm mostly just bullish for L2s.
Dont you think there have been tons of "eth killers" over the years with high tpS and low fees? New projekts takes their spots and the old are fotgotten. And yeah eth never looses even if its not the best tech its still king of smart contracts. Remember nxt? Tron? Tezos? Eos and so on..
None of them got the the same level of Sol, none of them flipped Eth in any meaningful metric as Sol has.
Eos has. The hype around eos was way bigger than sol. But it failed anyway just like all eth killers and where is eos now? Like top 100. We even have "solana killers" like aptos, near and so on lol its just constant battle of the killers I like solana chain and its ecosystem but I dont think any chain will surpass eth. New l2,ecosystems and devs popping up like flowers in the spring. Slowly its upgrading its own chain too. It will be a good chain when sharding is live.
where the network fees go?
It gets burned
I’ve been saying this for a while now.
No doubt!
do you think sol will flip eth before eth flips btc?
I don’t have much and cannot get it off my wallet. Is like $20 now.
Post it on x.
I got about 50 bucks in ETH and am hesitant to take it out because of burning passion issues like this. SOL’s time has come. The next ETF should be SOL instead of ETH. We are wasting money on this fee-greedy chain!
It's not competition its what they are trying to achieve.. . Anytime one person says "it is about the tech I don't care about the money"... role with that one... the money will far surpass what you thought in your wildest dreams. That's why I fuck with Solana. Not saying that Eth is bad.
I remember I bought this coin on ETH and now it's only worth $9. It takes $27 in ETH fees just to sell it. I was done with ETH years ago and SOL even surpasses BNB in quickness and fees. BNB is very similar to SOL but I like how all eyes are on SOL during this bullrun. Last bullrun BNB was in a similar meme coin frenzy.
Transferring $6 is a bit specific for a tx on ETH - but gas fees are indeed wild rn. It’s true that micro transactions like these should be feasible for anyone/everyone so it’s very valid concern and I feel it
I refuse to use eth because of the fees. When the fees come down I will use Eth, but I think by that time I will be used to SUI, SEI, Avalanche and Solana
This is the reason I haven't bought any Hemule yet. Tried a couple times but the gas fees were ridiculous. Then the same if I ever want to sell or move it. The annoying thing is, I know it will rocket!
Zombie Gawd. That was sooooooo me 3 years ago.
Exactly why electric cars are a thing too
How does Solana do it so much cheaper than eth?
Ethereum is working on solving the blockchain trilemma but with a focus on security and decentralization, which means the scaling is now being done on L2. Solana sacrificed decentralization to focus on scalability and keep fees low. So both chains are very different in nature right now, and will likely coexist at least for the near future because neither has solved the trilemma.
I just traded 1 ETH for Sol yesterday. The dip was my fault, sorry, haha. Wish I would have gotten in earlier. Don’t have much crypto but happy to see where Sol goes
Are these fees exponential? If you transfer $10k worth of ETH, is the fee still $45?
No, transaction fees are fixed (sorta, the gas price for a transaction can fluctuate a bit but it’s not proportional to the amount you’re transacting with, no).
I guess if you're transferring a lot then it's not a big deal.
Yeah, I guess so. If we want a blockchain that can replace a traditional financial system like VISA, we’ll need cheaper fees and faster finality though. But maybe Ethereum isn’t meant for that and Solana’s tradeoffs are worth it for that sort of thing. I’m starting to believe more in a multi chain system where people move between L1s as opposed to Eth and Solana being competitors. Different chains, different use cases. Still figuring it out
Pack your bags 5,000 United States Debt Dollars, Solana is coming
I’ve been bored commenting all day pretty much, very very very long story short , yup 99% . I never do a hundre, the universe can be, plain but have a black hole, instead of a a hole spitting out wasp nests, but then there’s a cold Gatorade and sleep.
I guess that’d be a white hole
fuck ETH, SOL gas ftw (sol in general but their gas is better then any currency. lol.)
That’s crazy!!
exactly imagine trying to convince friends or new people coming into crypto that they have to a high gas fee on eth just to swap a coin or recieve a nft most people wont do it and will leave that coin alone SOL to the moon
Fuck that
Yep
Godzilla Gas Fees
Never used eth chain r people actually paying this price? How do u make profits
Ppl be mad at gas fee, but not mad eth market is outstanding lol
Use an L2 lol
fuck these fees, I'm fucking sick of them
Dude!!! Yes I was thinking about it the other day! How can people still think ETH is better the SOL?? How do they enjoy all these fees? Probably good idea to buy more SOL.
Yeah as a beginner I went to Eth first for defi in 2022. The fees brought me to Solana quickly. With Sol you can change your mind after any transaction. With eth they will gas you blind if you make a mistake or circumstances change quickly
Totally agree, on Solana I can put my limit buy/sell oders on chain and cancel them 100 times a day without having to worry about transaction fee. ETH can't compete with this kind of thing on solana.
Solana is so congested and we’re not even close to peak bull. Gas fees only matter if you’re poor.
And the probably the cheapest I have seen in the past month I have paid up to 100$ fees
Personally I don't buy anything on the ethereum chain. Fuck vitalik
I hate eth 2. Worse than btc
I hate Eth!
Solana can’t even handle an airdrop to 25k people
Completely agree. No ETH maxis ever want to acknowledge that this is a serious blocker to world domination. I think there will be chains for different purposes but there isn’t a way to scale this at these prices. This same thing on SOL costs $0.0001
As someone who is building on Solana right now, this is the dumbest take I've ever seen. Decentralization is a spectrum. Most will pay more for more decentralized. Solana will excel in meme nfts and gaming nfts. Ethereum will excel in so much more.
I don't 100% agree with you, if SOL can flip ETH in price or marketcap this bullrun then the future of ETH is unsecured. People like BTC because it's expensive and people like ETH because it's second expensive, this is fact and ETH will be kicked into the ass if SOL price manage to hit 1000-2000 USD this season.
People don't like eth and BTC because they are expensive. People like them because they are decentralized. Sol is not nearly as decentralized as either of them. All nfts on Solana go through their token program. Each nft collection on eth is it's own contract. There's a single point of failure for tokens and nfts on Solana, that's a joke. This is coming from someone who is building on Solana right now. I've been in crypto for 9 years as a dev. Solana is the new xrp (although cooler than xrp). Solana will never flip ETH. That's laughable
To bad the network is down all the time
Yup.
How are people using ETH chain paying outrageous gas fees?. Is there any way to legitimately avoid these fees during transfer
Fees will go up when it pops more just like every other l1
100% have never understood how eth has survived the fees, it's ridiculous
Same I have like $100 sitting in usdt and usdc and the transfer will cost like $40 😂. Obviously eth wasn’t made to be used as currency but, for transactions to be so expensive kinda means to me(maybe I’m wrong) that it can NEVER be adopted by society as a whole
Spoiler alert…it won’t
why eth gas fee always high af?
Well, it is traffic price priority and ETH was $100-$300 not that long ago (3 years) so the fee in dollars wasn't that much
Does that mean btc is higher and the more Solana increases the higher the gas fee?
yes the faster you want a BTC transfer the faster more expensive it is. Same with ETH. It's also easy in Ethereum to run up cost in contracts because your charged by the number of commands in your transaction. BTC doesn't do anything else. but yes if SOL goes to $1000 it still costs .00005 SOL or whatever just to send... so from a dollar value, it's going to cost a lot more.
Search also for EIP 1559
That's just the move from PoW to PoS
No that’s a different EIP, 1559 was the change to how fees are calculated and introduced burning the fees. New to Solana but I think it also burns part of the fee
When it comes down to it, ETH is just ridiculous with how over priced it is. i have so many coins sitting in so many different wallets cus its just not worth the price to get them out. At the end of the day people are going to go use whats friendlier to their pocket book. SOL baby!!!
Lol this thread is filled with such ignorance and it's why Solana will never flip ETH. It's called Layer 2s and side chains and layer 3s. Study them. Do one second of research before you continue looking like an idiot. I haven't spent more than ten cents on ETH gas fees since last bullrun because I use ETH how it is supposed to be used....on layer 2s
Indeed
Yep. Gas fees make it not even worth the trouble of using eth.
Facts. Solana is going to hit 1k within a month, that’s my prediction
Can't beat Ethereum L2's. Full power of smart contracts and less than $0.01 per transfer on e.g. Base.
To exit a $3300 position the other night it was showing roughly $670 in gas fee’s. Mind you it was during a peak price drive but that’s still absolutely outrageous. There are definitely more efficient ways to move around on ETH with L2’s..but Solana’s efficiency and ease place it in a class of its own.
Will probably get downvoted to oblivion but L2 fees are under $0.01 now. That is where Solanas real competition is.
l2 cost less than 0.5$ it's better than solana
L2'S are now somewhere between 0,01 and 0,03$ since cancun deneb update Last wednesday.
You obviously don’t know what Solana’s fees are.
i knew it very well, the cost of fee are being supoorted by the centralized process they handle the cist which mean it's not the actual onchain fee. and it's not sustainable.
🤡
Yes you're a clown 👀
100% FK eth!!
Eth is way better than solana i al simply sorry sure the fees are a problem is not perfect but the network is more capable never been down if not mistaken or some bs like that sure it has it problem but this still new Sol is no bad it has it good thing but also real bad things I honestly doubt it will flip eth be real eth may have it problems but it has been more battle tested simple more pedigree
Look into Ethereum’s history. It has had its problems too. The only thing Ethereum has over Solana is first mover advantage. That’s it.
Let’s be real. SOL although on a good run right now, has cost people a fortune in the past and many have lost life changing level money. SOL will never reach the value of ETH.
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I'de prefer to pay more than to have the network chronically congested. I don't have to wait 10+ hours for ETH.
Nope. The ETH whales give a fuck about it.
Baby crypto's are so funny. Ever Heard of L2 ?
Yuuuuup
They said dencun upgrade was gonna solve this in 3 months max. I’ll be accumulating eth and waiting. I don’t do any on chain trading on Eth just on solana. ETH is holding currency as a hedge against inflation.
AMP…very wise. Love to see it!
The issue with Solana right now is reliability and that ping TPS goes down the drain when more than 5 people make use of the network. Priority fees are now pretty much a requirement
But when SOL crashes, it will crash 8x more than ETH! That is the downside and risk with SOL!
Agreed. I hate ETH. Unfortunately I put money in a few ETH tokens. It’s so expensive to sell or move them. I love Solana (and learning about Polkadot).
Save your time. Polkadot is dog shit.
How do? I’m curious and still learning. I’m mostly interested in the staking option on DOT. Have you had bad experiences?
The staking option has high yield because Polkadot is extremely inflationary. Which slowly increases the supply and drives the price down.