ETH at $10k. Gas at 300 gwei. People joke about the times when blobs were cheap. Only extremely high value transactions make sense to post onto L1. Only the rich can afford it, everyone else has to exist on L2s. It’s a nightmare, because the gas prices there fluctuate like crazy, and so does the liquidity depth. Ultimate fragmentation bonanza. It’s like forced island hopping for the sake of being able to exist. But ETH at $10k… You kind of want it, right?
1,66K