Rollups To The Rescue
$ETH‘s transaction fees could have been a whopping five times higher if not for the superhero efforts of layer-2 rollup networks like Optimism ($OP) and Arbitrum ($ARB). 💸
This revelation comes from a Chainstack report, highlighting that without these rollups, fees would skyrocket by 360% to 420%, and transaction times would also double to nearly two minutes.