@Mendrit here you can see the fees: https://etherscan.io/gastracker
This is how things are at the moment:
$ 213 to buy / sell on the ethereum network in a DEX (UniSwap)…
This is very bad, but it is not the whole story. The Ethereum network is starting to split into sidechains - you can think of them as the Sections in the Safe Network.
Sidechains are emerging mechanisms that allow tokens and other digital assets from one blockchain to be securely used in a separate blockchain and then be moved back to the original blockchain if needed. Sidechain functionality holds tremendous potential to enhance the capabilities of existing blockchains.
Each sidechain is connected to the ethereum network through smart contracts. The fees in the sidechains are incredibly small. For example, to buy / sell in the copy of UniSwap called QuickSwap in the Matic sidechain the price is 0,000277421$ (0.000311 matic fee * 0.892028$ for 1 matic)
The first complete fork of the Ethereum network - the Pulse network - is coming soon. This means that absolutely all tokens, smart contracts, DEXs - everything - will be copied.
If this proves successful, and the copy is made by Richard Heart, ie. most likely it will be successful, we can expect a real boom of sidechains. Why? Currently, these sidechains are connected with smart contracts to the Ethereum network, for which there are admin keys, ie. in theory, someone could steal the money from them.
What Pulse will present is smart contracts connecting the Ethereum network without admin keys. I personally expect this to give a huge boost to the emergence of new “sections” of sidechains.
In conclusion, ETH 2 will not reduce fees, but sidechains will lock billions and billions of dollars (there are already several billions in Matic - for example, UniSwap’s copy alone has $ 500 million in liquidity) and you will be able to trade cheaply there and you will be able to take fiat out through direct ramps connecting the sidechain to the banking system - see Ramp, it has a Matic / Fiat bridge:
Privacy. Security. Freedom