Vitalik Buterin: Reasonable Commissions in L2 Solutions Should Not Exceed $0.05

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Ethereum co-founder Vitalik Buterin has said that to be “really acceptable”, the fees of L2 solutions on the Ethereum network must be no higher than $0.05.

He has reacted to a tweet by Bankless editor Ryan Sean Adams, in which he cited L2Fees data on the current level of commissions. They allow users to save up to 99.2%.

The cost below $0.05 is offered only by the Metis Network project. Others on the list will incur costs when sending ETH from $0.12 to $0.85 and $0.71 to $1.19 when exchanging tokens, while on the Ethereum network the user will have to spend $2.38 and $11.92, respectively.

Buterin believes that great progress has been made. He has attributed further improvements to the launch of EIP-4844, an interim phase before moving on to sharding.