ETH's L2's Are they really not much attractive now

[rdluffy]

They are trying hard to get more investment and funds last I heard they are trying to aim for some $1 billion TVL which is very high and now I have left any expectations from this project and after this I have merely joined any L2 airdrop because I was too disappointed in this one. When it started it created a craze among hunters.

Now all that craze is gone that's why I said we should lower our expectations now so we don't feel so bad when the results go out. I think people have made more from Dogs only and this Linea is still chasing targets.

Linea launched Surge to try 3 billion TVL 


Source

But it's not even close right now according to Defi Llama


Source

In my opinion it's too much 3 billion with so many L2s right now
I suspect after Scroll TGE some money will flow into Linea, but not too much money to reach 1 billion

[erus]

As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.

[rdluffy]

As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.

You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH

Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper

[enoch_from_off]

As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.

You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH

Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper

They are still too big, though.. Compared to other chains, that is.

[erus]

As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.

You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH

Thank you for the information from the gas tracker, I will archive this in my memory.

Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper

It's incredibly expensive, just 1 transaction costs around $50. I think it's a very crazy transaction, very expensive and even I also for transaction costs above $1 will definitely think 10 times. This is $50 for 1 transaction, very expensive.

[rdluffy]

It's incredibly expensive, just 1 transaction costs around $50. I think it's a very crazy transaction, very expensive and even I also for transaction costs above $1 will definitely think 10 times. This is $50 for 1 transaction, very expensive.

Yes, it is and I regreted about that tx 
I also try to avoid txs costing more than 1 USD, usually I wait until night or weekends

In ETH mainet you have to make few txs as possible, but in Polygon, Arb or even Zksync where I'm doing a lot of txs in DeFi, I can put small amounts day by day and I spend only 2 or 4 cents each tx. In ETH you need to think and make only 1 tx to avoid these high fees, so there's no room for mistakes too or you have to pay one more tx 

[erus]

It's incredibly expensive, just 1 transaction costs around $50. I think it's a very crazy transaction, very expensive and even I also for transaction costs above $1 will definitely think 10 times. This is $50 for 1 transaction, very expensive.

Yes, it is and I regreted about that tx 
I also try to avoid txs costing more than 1 USD, usually I wait until night or weekends

So your benchmark is at night or weekends to minimize the cheap ETH L1 transaction fees, is that fixed?

In ETH mainet you have to make few txs as possible, but in Polygon, Arb or even Zksync where I'm doing a lot of txs in DeFi, I can put small amounts day by day and I spend only 2 or 4 cents each tx.

Are you seriously still using zksync's ETH L2?
As far as I know, zksync has a lot of issues with the community and the confirmation for its ETH L2 is very slow.

In ETH you need to think and make only 1 tx to avoid these high fees, so there's no room for mistakes too or you have to pay one more tx 

As far as I know, if the transaction fee in ETH L1 fails, then it must be sent twice and the fee is charged twice. This is indeed very difficult for me to try, especially since the transaction fee is very expensive.

[rdluffy]

So your benchmark is at night or weekends to minimize the cheap ETH L1 transaction fees, is that fixed?

Yes, you can try monitoring https://etherscan.io/gastracker and see that at night and weekends the fees are lower (less people using)
Business days are more expensive

Are you seriously still using zksync's ETH L2?
As far as I know, zksync has a lot of issues with the community and the confirmation for its ETH L2 is very slow.

Yes, I like Zksync, I'm very grateful because I receive my best airdrop from Zksync and the network is working normally for me, so I have some positions in DeFi and I use some pools like ZK/ETH

As far as I know, if the transaction fee in ETH L1 fails, then it must be sent twice and the fee is charged twice. This is indeed very difficult for me to try, especially since the transaction fee is very expensive.

Usually when I get a reject tx it's not charged

My question for you, do you use L2s? If so, which ones?

[libert19]

As far as I know, ETH L2 was created for minimize fees transactions from ETH L1, if the ETH L1 fee is cheap then investors will definitely not often use ETH L2. Unfortunately, now the fee of ETH L1 is still too expensive and many use ETH L2 to move their assets between markets. I have heard that the transaction fee from ETH L1 can exceed 20 more dollars for 1x transactions, this is beyond our reasoning as Crypto and Attractive lover now ETH L2 is for the minimize fee.

You can check here about the ETH fees: https://etherscan.io/gastracker
It's a good way to know when it's cheap to transact on ETH

Once I payed 50 USD to make a tx on ETH (contract of Eigen layer), but now the fees are cheaper

Lol, it must be when EigenLayer was a hot cake, and as soon as deposits were opened, plenty users were flocking in to farm it, right? Was EIGEN airdrop worth it for you?

[rdluffy]

...

Lol, it must be when EigenLayer was a hot cake, and as soon as deposits were opened, plenty users were flocking in to farm it, right? Was EIGEN airdrop worth it for you?

Yes, exactly, it was due to EigenLayer
but it didn't pay off for me 

I even managed to win a few Eigen tokens, but it was due to Renzo, not Eigenlayer itself

[erus]

~snip~

Are you seriously still using zksync's ETH L2?
As far as I know, zksync has a lot of issues with the community and the confirmation for its ETH L2 is very slow.

Yes, I like Zksync, I'm very grateful because I receive my best airdrop from Zksync and the network is working normally for me, so I have some positions in DeFi and I use some pools like ZK/ETH

Well, I have heard that this Zksync held Airdrop and it turns out you are one of the winners. Can you share with me how many dollars from Airdrop Zksync?

As far as I know, if the transaction fee in ETH L1 fails, then it must be sent twice and the fee is charged twice. This is indeed very difficult for me to try, especially since the transaction fee is very expensive.

Usually when I get a reject tx it's not charged

My question for you, do you use L2s? If so, which ones?

Never, I have never used ETH L2 because I don't have the funds to try from ETH L2. Maybe if I later I have a capital of around 50 dollars then I will try ETH L2 like from Arbitrum.

[rdluffy]

Never, I have never used ETH L2 because I don't have the funds to try from ETH L2. Maybe if I later I have a capital of around 50 dollars then I will try ETH L2 like from Arbitrum.

I understand
To be honest, there's no reason to use L2s if you don't have anything to do there (DeFis, farm airdrops, staking etc), but with low amounts of money ARB is a good idea, but I like Polygon network too, and also OP. Transactions under or equal to 1 cent, cheap and reliable
Whem I was a miner I used Polygon to receive ETH daily, low fees and accepted in most exchanges

[lombok]

Never, I have never used ETH L2 because I don't have the funds to try from ETH L2. Maybe if I later I have a capital of around 50 dollars then I will try ETH L2 like from Arbitrum.

I understand
To be honest, there's no reason to use L2s if you don't have anything to do there (DeFis, farm airdrops, staking etc), but with low amounts of money ARB is a good idea, but I like Polygon network too, and also OP. Transactions under or equal to 1 cent, cheap and reliable
Whem I was a miner I used Polygon to receive ETH daily, low fees and accepted in most exchanges

Indeed, Layer 2s such as Arbitrum, Polygon, and Optimism address not just the specific operations like DeFi, airdrop farming or staking but also tend to make basic operations like standard trading cheaper and faster within the Ethereum network. As much as Layer 2 is for making transactions more efficient for complex activities like the DeFi, they are necessary to those of us who will conduct simple transfers at cheaper costs than Layer 1. It is common for users to perform-transfer or store assets through Layer 2, because such operations may remain as safe, inexpensive, and technically unintuitive. It is not just a special choice, but also an action that solves the current need of normal and ordinary user for Layer 2 networks.

[Tomi amirsah]

the case of Polygon is very curious, everything is working, there have been no problems, and the price has not kept up with the movement

Hmm, Yup buddy nothing to worry about with the music coin but the price momentum is a little bit concerning, anyway in my views except base there's not much potential in any other chain to bring the traffic in the community. As far as I know, ZK can boost its performance but it needs some other marketing strategy as for the earlier most of the traffic was due to the airdrop community.

Replacing new strategies to cover deficiencies and turning things around for sure, that's what is needed now, with other marketing strategies I'm sure there Will be changes.

[Report]

As far as I know the most famous L2 are Optimism, Arbitrum, zkSync, the rest I am not familiar with. I also see that Polygon seems to be the same but the price of Polygon is dumping and strangely it is very difficult to go up.
I saw on the Polygon coin chart that it was first listed at around 0.6 dollars and even dropped to 0.3 dollars. In my opinion, Polygon is not very attractive because it is very clear that it is very difficult to increase its price in all markets. This only my obesrvations of Polygon.