State of Scaling Issue 2: StarkEx and StarkNet

The level of activity of Ethereum appears to have picked up over the past two weeks, alongside the price of Ether and a handful of other altcoins. Consequently, the transaction volume on Ethereum has also seen an uptick and is nearing yearly highs for 2022.

That said, Ethereum’s gas price has remained consistently low, indicating a lack of demand for block space. This is generally a bearish indicator as it implies a lack of demand for timeliness of on-chain activities. Coupled with the fact that transaction volumes have seen an uptick, this indicates that most of the current users are generally unconcerned about getting their transactions through quickly.