Problem: lack of activities on ETH

The Ethereum network, while being a leader in decentralized finance (DeFi) and smart contract technology, has faced a significant challenge: the high cost of gas fees. These fees, especially for token deployment and transactions, have become a barrier to entry for many developers and projects, stifling innovation and limiting the launch of new tokens on the network. As a result, only projects with significant funding or resources have been able to afford to create and deploy tokens, leaving smaller developers and retail users behind.

The High Barrier to Entry:

The process of launching a new token or deploying a smart contract on Ethereum can be prohibitively expensive. As demonstrated, a typical deployment can cost upwards of $81, making it difficult for independent developers and smaller projects to participate. High transaction fees during peak network congestion further compound this issue. Retail users and smaller developers, who lack the financial resources to handle these costs, are effectively priced out, preventing the Ethereum ecosystem from achieving its full potential as a platform for decentralized innovation.