Emin Gun Sirer, Founder and CEO of AVA Labs expressed, you’ve heard of Ethereum, Bitcoin, and even Doge. What’s the 4th coin that a lot of savvy users are organically flocking to right now? He pointed to Avalanche continue growing in usage, and is still the 4th highest usage L1.

Many users were confused about this statement.  They were not sure of the metrics or how they arrived at it.

The list projected showed:  1 Day fees and 7 days average fees. Some of them were sarcastic by asking:  “So value is captured in the Number of fees that can be extracted from users? That seems to be an odd barometer.”

Others were like:  This still doesn’t prove that there is a value add within this metric. An exorbitant amount of daily fees collected doesn’t prove anything outside of it’s not a model ready for the average user.

Well, it’s burned and captured by the system as a whole. However, there aren’t other strong non-falsifiable metrics of usage that I know of. The volume of transactions? It could be but highly falsifiable for many blockchains. Maybe Dapp volume? Also falsifiable.

Justified Stating:  This is easy economics 101: There is no such thing as a free lunch.

Some were like:  But they get burned, so everyone in the ecosystem benefits.

Someone asked:  If Avalanche’s network gets x10 bigger, will the fees be x10 bigger?

Someone tried to clarify stating:  Current fee system has fixed fees which means the only influence is dollar value of AVAX. Once dynamic fees are implemented usage will have an effect on fees but keep in mind that throughput of Avalanche is much higher so there is plenty of capacity for cheap transactions.

Also stated, Avalanche solves blockchain trilemma with it’s unique consensus algorithm.

A real time user who tried to put facts straight stated:  Yeah AVAX is growing organically and compared to other chains transaction amount is great. But fees are high and we are waiting for them to get lower as a user. It’s looking like you are enjoying high fees on AVAX. Bring dynamics fees, please.

Others were concerned:  “Fees! = Usage. Measure the number of transactions, amount of USD transacted, or something more meaningful. Fees can be artificially raised by artificially limiting transaction space or just imposing arbitrarily high minimums on the protocol level.”

Sounds all good, but real-time users seem to have concern from the high fees!