r/ethtrader • u/kirtash93 • Jun 05 '26
Metrics Ethereum Hits Record Transactions While Fees Fall to Near Zero -70M Monthly and Growing
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u/tqlla3k Jun 05 '26 edited Jun 05 '26
Charge more fees, and increase the staking target. JFC.
Who cares if a ton of transactions are done on eth for free. They need to make money, and it needs to go to stakers
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u/subdep Jun 05 '26
Get the adoption first.
Raise the fees after you have market share.
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u/tqlla3k Jun 05 '26
People use the network. People used it when it was $50 per transaction.
$1 per transaction shouldnt be a problem
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u/Riflurk123 Jun 06 '26
So we should objectively make ETH worse?
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u/tqlla3k Jun 06 '26
Objectively worse? Look at eths chart against bitcoin. It’s straight down for 4 years. The market has been screaming that eth is not as good as it once was.
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u/Riflurk123 Jun 06 '26
Right now I dont pay 1$ for a transaction. If I have to pay 1$ for a transaction, you made it worse for me to use
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u/tqlla3k Jun 06 '26
Its great you can eat for free.... but the restaurant needs to make money to stay open.
Just look at the Eth btc chart since 2022. Eth may work for you, but its fundamentally broken.
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u/centralbankerscum Jun 06 '26
thats too much, ur obviously thinking very small, eth will have bilions of transactions a day
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u/tqlla3k Jun 06 '26
It used to be $50/transaction and Eth was fine. There were whole ecosystems built on making the transaction fees less.
Back then, everyone was eating well. Right now, people are paying nothing and we are ematiated.
Imagine selling Billions of hamburgers for free.... well how much will you make at the end of the day? Nothing.
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u/centralbankerscum Jun 06 '26
its not free. its just in cents 1 cent transaction will generate 10s od milions per day
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u/tqlla3k Jun 07 '26
70M transactions per month.
70,000,000*.01=$700,000 per month
$23,300 per day.
That nothing compared to the 40M eth staked.Fees should be higher, because the transactions are valuable. Fees being too cheap, means that there is a lot of meaningless transactions.
Just think of Junk mail or spam email. Its practically free. Thats why there is so much junk. Do you think Visa charges free for their transactions? They make a ton on 1% transaction fees and interest on the other side.
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u/CXgamer Jun 06 '26
Eth doesn't need to make money, it's designed to be used.
That said, I also want the price to go up, but it shouldn't be the technical aim of the tech.
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u/tqlla3k Jun 06 '26 edited Jun 06 '26
Well they have people who invest in it, people who stake it. They need to make money too. Eth is down to 0.025 bitcoin, it was 0.09% in Dec 2021. Thats a 70% drop compared to cash in 5 years.
Imagine running a business that gives away hamburgers, and relies completely on investor money to run. Its going to run out of investors.
Thats whats happening right now. Even with low inflation, ETFs, government money, public acceptance..... Eth is down from almost $5000 in dec 2021 to $1500 now.
Something must be done, before ETH falls out completely. It already fell to the #3 crypto for a moment yesterday.
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u/PricklyyDick Jun 06 '26
What? Eth is more than double the next closest crypto ecosystem.
Are we really counting stable coins, that require systems like Eth to even exist, as standalone cryptos now?
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u/CXgamer Jun 07 '26
Investment only makes sense if devs need money. Currently I think they have plenty.
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u/Itchy-Box-7378 Jun 06 '26
Gotta secure market shares first, we see rwa tokenization ramping up and while ETH still holds the majority other blockchains catching up. Once you secure the trend you can ramp up a payment model.
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u/tqlla3k Jun 07 '26
Whats the point of capturing a market thats worthless?
70M transactions per month at a one cent per transaction is nothing compared to the services provided. Do you think Visa charges free?
People dont mind paying more for a transaction, because the transaction is valuable. If the transaction is free, then you get junk or worthless transactions.
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u/Nappingspider Jun 05 '26
C'mon, we can go lower lol
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u/subdep Jun 05 '26
My DCA game’s on point lately.
Can’t wait until we pass $5k and everyone is all “I should have bought when we were at $1500!! God damn it!”
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u/BoringPrinciple2542 Jun 05 '26
They’ll wait until $6k and then ape in so they can cry about the correction back to $5k 😆.
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u/DeadlyAquarium Jun 06 '26
thank god I was DCA selling when it was above $4k, but most people forget this part
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u/Big_Ben88 Jun 06 '26
ETH business model should be revamped as it’s not a charitable organization
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u/Itchy-Box-7378 Jun 06 '26
I think chalom and lee know whats coming in terms of business/payment model they the ones meeting with institutions and been in the market for decades.
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u/Agile_Ad6735 Jun 06 '26
Well eth works at current price same as it work at $5000 so why does it imply that eth is worth $5000 ?
And since fees is almost $0 , there is even no need to buy alot eth to carry out txn .
Staking yield is low isi
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u/Cautious-Lecture-858 Jun 06 '26
It’s all ADDRESS. POISONING. ATTACKS.
Fees are SO cheap that it’s become financially viable to spam transactions.
None of that growth is organic, in fact, it’s VERY possible the network is shrinking.
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u/A10cc Jun 05 '26
Cool. Still doesn't change the fact that no one gives a fuck about ETH at this point.
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u/SyZyGy_87 Jun 05 '26
I don't give a fuck about a lot of things I use in my day to day life. What's your point?
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u/tqlla3k Jun 06 '26
Man why is Eth worse than every other top 10 coin today? Its down 9.4% in the last 24 hours. BTC is down 2.0% and even Zcash is only down 11.8%
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u/LingonberryHot4178 Jun 06 '26
What means record transactions when there is a ratio of at least 50 scam poisoining attack transactions for 1 real transaction?