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Ethereum: Identifying the problem despite rollups cutting fees by >90%
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There’s usually something going on in the Ethereum ecosystem. Whether it’s a new NFT collection or the sky-high gas fees, there are always eyes on the second-largest crypto by market cap. In the frenzy of activity, however, it’s easy to miss out on Ethereum’s layer 2 solutions – The smart contract rollup chains.
Rollups are a layer 2 solution to reduce congestion on the Ethereum mainnet by handling transactions externally. A recent report by Arcane Research analyzed how much of a difference this has made to the blockchain’s ecosystem.
The report found that rollups like Arbitrum One and Optimism have reduced fees by 90% or more. For example, if transferring ETH costs $18.11 and swapping tokens costs $90.55, Optimism cost less than $0.01 for
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