I have a genuine question and would really appreciate a good explanation on this. According to my understanding the dApps that are build on top of Ethereum has to pay gas fees in ETH. So that is how ETH is being used and the value of ETH is created. Now let’s say if L2 solution reduced the gas fees wouldn’t less ETH will be used and burned? Wouldn’t it affect the price of ETH?
Another follow up question is, let’s say the price of ETH is increased a lot then why would dApps build their applications on Ethereum? Wouldn’t it de incentivize them?
Thanks in advance.
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