High Gas Fees Plague USDC Staking on Plasma Network

A recent milestone highlights the significant cost associated with USDC staking on the Plasma network. Odaily reports that a user staked $10 million USD Coin (USDC) in the process, resulting in an exorbitant gas fee of 39.15 ETH. In comparison, another address holding 50 million USDC only incurred a comparatively low $7.16 in gas fees for staking. This discrepancy suggests the need for more efficient and cost-effective solutions for USDC staking on this network.