I was in Fantom defi as user since sushi deployed and it started gaining traction. There was a beautiful epoch where everything ran smoothly, you paid 1 gwei and less than a second later you got your transaction done.
Fast forward to now
Fast forward to now and I'm paying 19 FTM for a 5k gwei transaction to go after x undetermined minutes in an invisible queue (and you see people paying 10-150k gwei for transactions) every time there's a use that resembles anything like Ethereum's.
Since then, people shifted to having big hopes of things getting fixed after FVM, but when they say it will be 2 years and the charismatic co-author of lachesis leaves, and you add the state of Ethereum getting better and better, well...
The key issue
The key issue is this – the network had an issue with a validator shutting down, and it had too much delegation power at that time. For about 6 hours. This happened before it had any user traction on chain. The number of validators remains the biggest issue for fantom, but that issue AFAIK is solved.
What next?
Wrapping up, people went into a promising escalable "Eth killer" backed by a good dev when Ethereum transactions were getting absurdly high, and people leaving after said dev leaving when the network is showing that can't escalate, it's just a cherry on top.
The same happened to Polygon and they planned the merge with Hermez, which should go live this year. And not even counting the existence of others like Starknet etc. that makes waiting for 2(+?) years at minimum, a big leap of faith.
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