2026-01-22 17:30:02

Industry analysts recently pointed out a phenomenon: although the Fusaka upgrade launched on Ethereum in December last year temporarily boosted transaction activity by expanding data capacity and lowering fees, this wave of enthusiasm cannot last long.

Why is that? The reason is quite painful—users are accelerating their exit. The mainnet ecosystem continues to migrate to Layer 2 solutions like Base, Arbitrum, and Optimism, and even alternative public chains like Solana are diverting users with lower costs and higher efficiency.

In other words, even though Ethereum's mainnet fees have decreased and speeds have increased, people have become accustomed to the convenience and low costs of Layer 2 solutions, making it difficult to attract them back. The upgrade itself solves technical bottlenecks but cannot change the broader trend of ecosystem decentralization. This also reflects a problem: purely performance improvements may no longer be enough to prevent users from migrating to other chains.

ETH-1,22%

ARB-4,41%

OP-0,57%

SOL-1,03%

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OnchainUndercover

· 6h ago

Speaking of which, the recent upgrade of the ETH mainnet is a bit awkward... Lower fees and faster speeds, yet everyone has left. The key is, once they leave, they can't come back. That's the most heartbreaking part. --- What's the use of cheap fees? Users have long been spoiled by Base. Why would they come back? --- Dune data clearly shows that the mainnet TVL has been steadily declining over the past six months. Just Arbitrum alone has captured so many users... No matter how much performance is optimized, it can't fill this gap. --- In simple terms, the ecosystem has become fragmented. A single upgrade can't change the reality of the multi-chain era. The position of the Ethereum mainnet is indeed shaking. --- Uh... Doesn't that mean Fusaka is a bit redundant? It seems that major Layer 2 solutions don't really take it seriously and continue to quietly make money.

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PerpetualLonger

· 6h ago

Ha, this statement sounds a bit like air force talk. I just want to ask—Fusaka has only been upgraded for a short time, isn't it too early to draw conclusions? Wait, exit? I think I got it wrong. It should be the big players quietly adding positions at low levels, just waiting for the next breakout. Base is hot, but can its ecosystem depth compare to ETH? The nice way to say it is diversification; the harsh way is stubbornness. Anyway, I won't sell. The more it drops during times like this, the more I buy. History always hits new highs amid doubts.

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DogeBachelor

· 6h ago

Basically, Fusaka is just extending the life of the mainnet, but everyone has dispersed, so who will look back? Honestly, cheap fees and fast speeds are useless; everyone has already given up on L2. Base, Arbitrum, and others have long drained the Ethereum ecosystem; no matter how much they optimize, it's pointless. Performance improvements can't change user psychology. Once accustomed to low costs, there's no going back.

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RugPullSurvivor