In May of 2016, exactly one year ago, Ethereum’s token ether was valued at around $10. That meant freelancers on the Ethereum-based job market platform Ethlance had to pay a little more than $1 or 10 percent of the ETH price, to set up smart contracts for their profiles. However, ETH is valued around $90 at the time of writing, a price that is nine times higher than ETH’s value in May 2016. The rapid surge in the market of Ethereum made it increasingly expensive for applications and their users to set up smart contracts.
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