Ethereum users are finally figuring out what it's like to get their eyes gouged out with transaction fees. In TradFi, the exchanges are the culprit. In DeFi, the protocol + miners are the culprit.
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do exchanges gouge on fees? pretty sure on notional basis exchange fee (for a security or derivative) is fraction of whatever is charged on defi platform.
I get your point, including data fees makes the metaphor more clear. Institutions always feel like they're paying exchanges too much - now Ethereum users can share in that pain
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yes, i feel like one can make a really loose analogy to what's happened in the unbundling of content in the cable/satellite world. the tradfi infrastructure pretty good/efficient and getting better. to go and unbundle it with medley of protocols seems...not cheap
Thanks. Twitter will use this to make your timeline better. UndoUndo
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