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1 June 2023
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Ethereum Gas Fees Skyrocket to $187 – Investors Flock to Cardano as Ecosystem Receives Massive Hydra Scaling Update

Hydra, the layer 2 protocol recently launched on the Cardano blockchain has made the ecosystem more attractive for investors as it addresses the scalability problem. The Ethereum network on the other hand has become more difficult to use as its gas fee continuously rises to unimaginable heights. According to reports, the gas fee has skyrocketed to $187, forcing investors to move to the Cardano ecosystems

In a long Twitter thread, Sebastien Guillemot, CTO and co-founder of DCSpark explains that Cardano is only 6 percent to reach its maximum capacity.

Over the years, Cardano has implemented several initiatives to upgrade its network including its February Valentine upgrade. This upgrade is reported to add more support to a curve called SECP256k1.

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