Since the implementation of ethereum 2.0 London hard forks in August, a total of 1 million ethereum have been burned but ethereum price deflationary is not felt yet, and still, the ethereum network congestion has continued to soar and fees have constantly been on the rise.
What is your thought concerning the ethereum network? And what can we expect to change in the ethereum network shortly?
You haven't felt that for real? I've felt that much when it has hit $4k because I've sold a lot during its priced in $1k~ish. I've felt that the value has been greatly upwards but, if it's about the transaction fee(gwei), I don't feel the upgrade. Since it's about burning of ethereum per transaction, it focuses on the value not on the fees. There might be another upgrade soon that's going to focus with decreasing the fees. Before the London fork, the fees were totally done and I've seen as low as 1 gwei.