Two Ethereum community members, Kevin Owocki and Devansh Mehta, have proposed a new dynamic fee structure for the Ethereum application layer to balance revenue generation and fairness for developers. The model uses a square root formula to adjust fees based on funding pool size, capping fees at 1% for projects over $10 million. This proposal comes as Ethereum faces growing competition from Solana and a sharp decline in network revenue.

Source: https://ethresear.ch/t/fair-fees-a-dynamic-formula-for-balancing-app-layer-value-creation-and-value-capture/22225