The good news for ETH hodlers about insane gas fees
Galloping gas fees are hurting the average user but Grayscale and Ethereum advocates can see the bright side. Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign. Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless commentator claimed that Ethereum is “actually getting cheaper” from a price to sale ratio aspect. Here's what's crazy... From a P/S perspective ETH is actually getting *cheaper* pic.twitter.com/xyz9yuVCyZ— Ryan Sean Adams - rsa.eth....
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