Vitalik Buterin at Token 2049 in Singapore:

- Transaction fees on Ethereum have been reduced to "almost zero" thanks to L2 networks such as Optimism and Arbitrum.

- Previously, fees reached $200, and now they are less than $0.01.

- Transaction confirmation times have been improved after switching to Proof-of-Stake.

- Buterin also recalled the "cringe" anthems of crypto projects.

- Called for maintaining decentralization and meeting the needs of the mass market.

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