Ethereum Tokenomics 2021: Impact of Eth2, EIP 1559, and L2 Scaling Solutions on Demand/Supply

Eth2, EIP 1559, and increasing adoption of Layer 2 scaling solutions in prominent Ethereum protocols. The main motivation for these changes are to increase the network’s scalability, manage network congestion, decrease the inaccessibly high gas fees, and increase network efficiency. These highly awaited changes come in the backdrop of surging demand for. Ethereum dApps (in particular DeFi and NFT dApps) that have outstripped. Ethereum's capacity has led to surging fees and increasing success of competing chains like Solana and Binance Smart Chain.