Ethereum seems unbothered by the high fees though from the look of things.
The Eth guys would have solved the fees issue by now especially after the emergence of BSC, but I do not see anything happening(by Eth guys).
Anyway if Eth works on their fees, it will become competitive and hence give users a choice.
Right now the whales(over $5K transactions) use Eth for their defi and we the rest(as low as $10 investments) use BSC!!
We should all know that the $10 guys are many compared to the $5k folks and this is working in favour of Binance!!! Anyway, let us wait for what the next months will offer.
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That is true. The $10 really outnumber the $5K. However, the numbers of the later can get really big. It takes a lot of $10 trades to equal $5K, let alone a few million dollars.
It is good to have choices. The price of ETH is unaffected by the fees because they are not a problem to ones playing with millions of dollars. Hence, they will keep catering to that market until the fees are under control (which could take a while, like a few years).
Choices are good and I foresee BSC only picking up more activity and TVL being locked. The majority of the people coming to crypto will be of the $10 variety.
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