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Ethereum Fee Debate Heats Up as Avalanche Enters and Exits Top 10
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As AVAX, the native token of smart contract platform Avalanche, continued to soar in price over the weekend, a debate on the persistently high fees on the Ethereum (ETH) network is (re)heating up in the cryptoverse.
The latest discussion on Ethereum and its fees started when Zhu Su, co-founder of crypto hedge fund Three Arrows Capital, wrote on Twitter this weekend that he has “abandoned Ethereum despite supporting it in the past.”
The major reason cited by Zhu for abandoning the project are the high fees on the blockchain, which he suggested is not addressed by developers and the community because they are “already far too rich to remember what they originally set out to do.”
Perhaps not surprisingly, the tweet from the popular crypto
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