Ethereum unleashes its power! The new fee mechanism may ignite the ecosystem of small projects, with a 1% cap becoming a tool for capital attraction!

Under the double pressure of fierce competition and user loss, the Ethereum community is brewing significant reforms – the brand new 'Square Root Fee Model' emerges, aiming to reshape the platform's fairness and sustainability.

This model sets fees based on the project's funding scale using a square root function, providing higher deductions for small projects, while the fee cap for large projects is only 1%. This move not only stimulates the launch of early projects but also avoids the innovation bottleneck caused by traditional high fees.

Developers hope to balance incentives and costs through this dynamic mechanism, reversing the unfavorable trend of declining developer activity and reduced transaction fees, thereby enhancing the platform's attractiveness.

Ethereum is at a crucial turning point, and the new structure may become its secret weapon against competitive chains. The ultimate effect will depend on community feedback and market response, but the combination of 'fairness + stimulation' may just be the key step for Ethereum to reclaim its kingly status.