EthHub co-founder sassal.eth posted on the , causing Ethereum fees to go up, the mempool took a few days to clear because we didn’t have EIP-1559 at that time.
Then, during the 2018/2019 bear market, fees dropped a bit, but most Ethereum users knew it was temporary, so they continued to work on scaling (via Plasma, which subsequently evolved into rollups). Then DeFi season arrives and fees rise so much that the ICO and CryptoKitties mania pales in comparison.
The point of this post is to illustrate that once demand for a chain is saturated, priority fees appear and it becomes a bidding war for block space. Do you know who will win? MEV bots because they are willing to spend the most to capture some expected value through arbitrage, sandwich attacks, liquidations, mint sniping, etc.
All of this can happen on any Layer 1, Layer 2, side chain, monolithic chain, modular chain - whatever you want to call it - we as an industry should be solving these problems as a collective, not as A group of divided tribes. "