(*two*)Even without token subsidies, these cumulative bundles have been widely adopted and highlight the demand for cheaper access to Ethereum. Arbitrum, for example, currently has more than €2 billion in Total Value Locked (TVL) and is home to a DeFi ecosystem that is beginning to show promise. However, Buterin thinks that stacking fees have to be made even more affordable if they drive the adoption of three Web-centric payments, games and products.