Ethereum Criticized for $400 Gas Fees; XRP Touted as Superior Alternative

The Ethereum network is facing significant criticism due to high gas fees, with users reporting fees as high as $400 for migrating 0.1 ETH to the Blast mainnet and $30 for minting NFTs, while a simple ETH transfer can cost $4. These high fees have caused outrage among users, particularly those who have seen a substantial portion of their yield erased by the cost of migration during a gas spike. Predictions suggest that with the launch of Ethereum ETFs, the cost to mint an NFT could rise to $200 and $40 to transfer ETH, potentially breaking the Ethereum system. In contrast, alternatives like XRP are being highlighted for their low transaction costs, costing merely PENNIES for similar operations.