Ethereum users may have a lot of sunk cost. It is costly to do any action within Ethereum without spending a lot. On the other hand Ethereum is the more decentralized blockchain. That is extremely important to a lot of people.
Posted Using LeoFinance Beta
Hello there @vimukthi,
I agree with the sunk costs when fees where c.50$ to do anything.
As they came down to the lowest in years, people still did not move their assets, quite the opposite, people pulled more into ETH DeFi.
Concerning, the 2nd point I believe it is why it will always be hard to compete with ETH. This is the most decentralized AND innovative chains. Basically all the other ones are copying.
Posted Using LeoFinance Beta
Let's not forget the largest DAPP development ecosystem.
!PIZZA
@vlemon! I sent you a slice of $PIZZA on behalf of @vimukthi.
Learn more about $PIZZA Token at hive.pizza (3/10)