ApeCoin DAO believes there is no need to migrate to new chain
The ApeCoin offering was a complete disaster for the Ethereum network, which experienced massive network congestion issues after a flurry of transactions appeared on the network, causing fees to increase more than tenfold. of transactions. Later, the APE developers made a migration proposal.
Community does not think so
As the voting suggests, the community is not in favor of moving to another chain from Ethereum. Currently, 99% of all voters want to keep the coin on the ETH chain, without worrying about migration of their funds on a chain that would be developed separately and may have some unexpected issues with functioning.
Right after the offering, Yuga Labs told the community that they believe ApeCoin needs to move to its own chain for proper scaling because Ethereum has caused a lot of trouble for potential investors and buyers who have been turned down due to extremely high fees.
The ApeCoin DAO stated that they do not think ApeCoin needs a separate chain right here and now. APE would be able to function and grow within the Ethereum ecosystem without migrating to another L1 chain.
Migration issues
The main issue with creating a separate L1 chain is compatibility with other chains and potential technical issues that may arise since the developer BAYC has not yet had experience creating their own chain and of an ecosystem around it.
After the coin offering, some users suggested that the problem was not the Ethereum chain but rather a flawed design of a smart contract, which caused network congestion and a resultant spike in transaction fees on Ethereum.
At press time, APE is trading at $6.15.
