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Supply and demand. Demand for block space on Ethereum main net is very high. Billions now transact every day on Ethereum DeFi protocols. Like traditional market
by dcolkitt 5y ago
Supply and demand. Demand for block space on Ethereum main net is very high. Billions now transact every day on Ethereum DeFi protocols. Like traditional markets, the opportunity be first to hit an arbitrage can be worth millions.
Against that the Ethereum devs are extremely conservative with block space. To maintain decentralization they want consumer hardware to be capable of running a node. Chains like Solana provide a lot more supply of block space by simply cutting out consumer hardware.