A simple peer-to-peer transfer on Bitcoin or Ethereum has now cost $5 or more for over a week. A $100 international remittance can now pay less in fees than a $100 Bitcoin or Ethereum transaction. Existing cryptocurrencies cannot scale to function
Bitcoin's rise in popularity brought adoption, but also high tx fees. Ethereum now faces similar scaling issues as NFTs and DeFi bring more users to the ecosystem. Crypto must scale - while maintaining decentralization and censorship resistance - t