When the trenches are eating themselves alive like they are right now, it makes me think about how good the Base trenches were in 2024/2025
If you ratio the users to volume/ceilings, it was pretty unbeatable.
NGL Iβve been pretty negative towards Base for multiple reasons, but something tells me those days will
come back.
Still we see new trading options come out and no real fairer options.
New trading bots 1% fees
New terminals 1% fees
Social trading 0.5% but worse experience, slower fills
They sell βfasterβ but you canβt change block times. There is only so fast you can be.
Some larp you a 0% fee but thatβs just a marketing trick to lure you in then they hit you with the real fees and there beta is one chain.
On others, cashback and referrals bring some of the 1% down to 0.7% and for a lucky few 0.5% if your volume is huge.
Agree with this, competition means lowering fees throughout onchain and honestly I think things have to go this way.
Take trading terminals for example. I know single traders paying their terminals millions of dollars per year and itβs normalised. On 1% buy and sells, even with cashback traders who do 10-50M volume a month are paying literally insane amounts.
Saying that, any protocol or terminal who does zero fees will eventually charge something, i really donβt like this 0% fees thing to get people hooked then slam a fee on them.
Also itβs impossible for a small protocol to survive on 0% fees, cover overheads and pay staff while improving infra and tooling.
So yeah my view is if we halved fees, things would be in a good place.
@leapxyz Letβs be honest, 0% fees wonβt last, i think itβs a poor way to execute a launch, lure people in a few months later slam a fee on them.
Seen it time and time again.
Just launch with the fee you think is fair.
Agree with this, competition means lowering fees throughout onchain and honestly I think things have to go this way.
Take trading terminals for example. I know single traders paying their terminals millions of dollars per year and itβs normalised. On 1% buy and sells, even with cashback traders who do 10-50M volume a month are paying literally insane amounts.
Saying that, any protocol or terminal who does zero fees will eventually charge something, i really donβt like this 0% fees thing to get people hooked then slam a fee on them.
Also itβs impossible for a small protocol to survive on 0% fees, cover overheads and pay staff while improving infra and tooling.
So yeah my view is if we halved fees, things would be in a good place.
my hot take is that in a mature market, all consumer infra gets commoditized and fees trend toward near zero:
blockchains (transactions)
launchpads (issuance)
amm pools (liquidity)
frontends (routing)
in that order.
theres a reason why most of IBKRβs revenue is from NIM & why Robinhood has to rely on NIR and less commoditized assets like options & crypto.
@Enjoyer100x itβs a bit mind boggling right now, solutions seem obvious but no one wants to support those ideas.
crying for help but going back to the same places that have caused the problem