So i check in to my DeFi Platforms once in a while, so i can rant about transaction fees and other things that bother me a bit with DeFi.
Today i check one of my platforms, hit withdrawal and get hit back in the Face with a wopping ETH 0.203256 Transaction fees!
ETH Gasstation says: 354 Gwei for a normal Transaction!
This is about 3x what i see normally.
So DeFi should make it possible for anyone to transfer wealth with ease.
People will not pay 60$ in Fee's to withdraw lets say 200$ worth of Assets!
If this keeps up and becomes the new normal in DeFi it will only be used by people with large pockets who want to keep playing Monopoly with real life assets.
Am I glad not all Blockchains are about money!
Long live the Hive!