Community Trust ScoreVerified
Emin Gun Sirer Shared: Great to see the insane growth on Avalanche: 80% of Ethereum’s activity; 134,000 daily active addresses; 13,000 unique devs; All within 14 months of launch, and all with low fees.
Community Reaction: It will spike during times of congestion! The alternative to dynamic pricing is for the chain to occasionally drop transactions and maybe wholesale stop, and if you want that, there are other chains that have mastered it.
Is this the best cheap thing you can do? I would expect you to say that you will make it even cheaper with new updates. Then you are no different from Ether. With an example like ETH in front of you, I would expect you to get over the fee issue. 0.09 AVAX is paid now. If AVAX is $4000, it’s $360. same ETH so.
Multiplying today’s fees with future prices is not sound math. At the moment, people are paying 0.00198 AVAX for basic transfers on the C-Chain. That’s ~$0.24 USD in fees.
Still, shouldn’t we consider future prices? Obviously (and hopefully) $AVAX will go up and when it happens these transaction fees will be high. I use it regularly and I can say that I pay around 0.8$ on average. But after 10x? Will I pay 8$ or will you work on decreasing the fees?
All the devs and architects are constantly working on exactly that. Every optimization we add enables fees to go lower.
I’m slowly becoming an AVAX Maxi and TBH it’s because of the community. Up Only.
Let’s not be maxis. Maxis have consistently discredited themselves, lost a lot of money, and have generally been bad sources of advice to the few people around them. We should follow only that which is backed by science. If that’s away from AVAX, so be it. But it won’t be.
A community that’s driven by science is guaranteed to lead the pack technologically. That’s what brought us here. 80% of all rugs are on AVAX too! How did you get the devs ? GitHub? I believe that’s the unique contract deployment addresses.
Hello Mr. Emin! Avax currently costs around $121. In this situation, what about the low $3 – $5 fees When Avax goes up to $500$1000 or more?
Thanks to subnets, the whole world will not build a single C chain, but each project will establish its own EVM-based network. Consider that current popular projects have their own network. Traderjoe, pangolin, benqi etc.
2) Rewriting EVM (ethereum virtual machine), updates.
I can’t wait to see what another year looks like for AVAX it’s crazy to think that main net launch was only ~1 year ago.
Avalanche at $12B TVL and rising is giving BSC at $16B a run for its money. Launching there seems pretty attractive.
I love AVAX. One thing I’d like is to explore new/verified projects more efficiently. Like go on traderjoe and see what all the tokens you can trade for do.
The average TPS was 11? What TPS numbers are classified as congestion, causing high fees? How long will it take for AVAX to Fix.
I think it’s misleading to say 80% of Ethereum’s activity. Polygon and BSC are way more active than Ethereum and Avalanche combined by these standards. I’d use different metrics like TVL and value settled! Regardless, Avalanche is showing some good growth. Good job.
I’m a very happy user. Sounds cheesy, but I think getting in early on Avalanche and investing in certain things might change my life for the better. By a very large margin.
Wow. One can only imagine what AVAX ecosystem will be like in 2022. Explosive growth.
