Demand for using Ethereum has never been higher. Anyone whose paid gas recently is well aware of that. While our team is certainly invested in the Ethereum ecosystem, both from a capital and philosophical standpoint, it would be unwise for us not to consider the potentially negative second-order effects of the current high gas environment. Namely, it’s become incredibly expensive for small traders and newcomers to start using it. Just this morning, I was helping friends get set up so they could start experimenting with DeFi for the first time. I found myself referring them to cheaper, centralized alternatives simply because of transaction costs. I’m sure others have had similar conversations as well.
Disclosure: Delphi Ventures and members of our team have ETH, RUNE and LUNA positions. This statement is intended to disclose any perceived conflict of interest and should not be misconstrued as a recommendation to purchase ETH, RUNE or LUNA. This is not investment advice.
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