Spend more than a day on Ethereum’s Mainnet and you’ll realize gas fees are a bottleneck. These fees go to miners –– those providing computation power to execute transactions. Every action performed by a smart contract –– sending money, performing a numerical operation, or writing a message onchain –– costs gas to execute. Major protocols –– from Uniswap to OpenSea –– drove an explosion of chain usage over the past year, significantly reducing network performance for everyday users. I’m still lending $300 to Aave-v1 for Rabbithole, which cost $500 to migrate at some point