Key Takeaways
Ethereum gas fees spiked after WLFI’s launch. Does this show ETH’s ongoing fragility during major launches, giving Solana a clear edge? 🤔💸
Ethereum [ETH] kicked off September on shaky footing. 🧱
Technically, it slipped 1.8% to $4,215, printing its third lower low since the $4,900 all-time high. That meant in under ten days, ETH cut through support three times, leaving the $4.3k zone hanging by a thread. 🕳️
The kicker?
This wasn’t a broad market dump. Bitcoin [BTC] actually closed +0.92%. That made the move an “ETH-driven” slide, further underscored by its average Gas Price spiking to 6.85 Gwei on Etherscan. 🚨
Simply put, Ethereum’s fundamentals took a hit.
Ahead of World Liberty Financial’s [WLFI] launch, the chain lit up with $1.8 billion in 24 hour volume. The WLFI contract became the heaviest user of ETH gas, with 1.58 million Daily Transactions and over 550k Active Wallets. 🧮
In short, the network was slammed.
As a result, Ethereum gas blew from near-zero to triple digits, hitting 100+ Gwei. DEX swaps peaked at $145, and even basic transfers topped $10, the costliest on Ethereum since 2021. 💸
Network congestion puts Ethereum at a disadvantage
Ethereum’s gas spike was a hard reality check. 🧠
Even after a monster Q3, up 77%, the network’s congestion showed Ethereum’s fragility during high-profile launches. Solana [SOL], by contrast, stayed bulletproof, with Average Transaction Fees at just $0.004. 🛡️
The impact was visible in DEX flows.
According to DeFiLlama, Solana trailed Ethereum’s $3.823 billion Daily Volume by only $200 million, a gap of 5.5%. 📊
The debate reignites
In short, WLFI reignited the on-chain debate.
Ethereum’s network strain under heavy transaction volume once again exposed its structural limitations, giving Solana a clear cost advantage. 🏆
The key question: Will this divergence start reflecting in price action?
At present, SOL’s rally off its $154 base lagged ETH’s broader Q3 surge. ETH still led market flow, but with congestion mounting, that edge may not last. 🕰️
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2025-09-03 03:08