Ethereum turns into first profitable blockchain from Top 10 of Crypto Market

Prior to the Merge update and the continuous reduction in issuance, Ethereum, like any cryptocurrency network on the market, was the "unprofitable" blockchain. However, things have changed.

It's important to note that a blockchain's "profitability" is not the same as a company's profitability in traditional finance. Technically, subtracting new issuance from fee burns allows us to determine whether or not the network is profitable.

So, as far as I can tell, the blockchain's profitability benefits neither its holders nor new investors. Deflation, on the other hand, has the potential to be a significant speculative growth factor for cryptocurrency in the future.

However, while the rallying Ethereum will benefit investors and traders, dApps users and developers will be forced to make transactions with higher fees and possible network congestion. Unfortunately, during high network loads, Ethereum requires users to pay up to $15 per network operation.

I remember at the beginning it was quite chaos dealing with transactions and gas fees, I started using Metis from the start, and the discovery of L2 solutions was the greatest discovery for me as far as I can tell lol.

Various foundations and projects, however, are constantly working on Ethereum's scalability by offering new mechanisms for processing transactions or alternative Layer 2 networks that take some of the load off the main network, offering higher throughput, shorter processing times, and low fees.