Gas fees are too high, but doesn't matter, because Ethereum was never meant for retail anyways
Initially slated for a 2019 release, Ethereum 2.0's first phase launched on 1 December 2020. However, with two phases still to go, the full release is not estimated to happen until 2022.
The most recent information we have for the current ETH plans come from the EIP-4345 Difficulty Bomb Delay. In EIP-4345, developers Tim Beiko and James Hancock propose delaying the difficulty bomb until June 2022. In this proposal, they state the motivations:
Ethereum 2.0 Release Date: When Does Eth2 Launch, Ethereum 2.0 Roadmap and Phases, Plus Is Ethereum 2.0 A New Coin?
Excitement for the Ethereum 2.0 release date is ramping up, but when is the Eth2/Serenity upgrade launch set to happen?
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Initially slated for a 2019 release, Ethereum 2.0's first phase launched on 1 December 2020. However, with two phases still to go, the full release is not estimated to happen until 2022.
The most recent information we have for the current ETH plans come from the EIP-4345 Difficulty Bomb Delay. In EIP-4345, developers Tim Beiko and James Hancock propose delaying the difficulty bomb until June 2022. In this proposal, they state the motivations:
During the GitHub discussions of EIP-4345, Beiko revealed further information about the merge. He said:Targeting for The Merge to occur before June 2022. If it is not ready by then, the bomb can be delayed further.
The full launch of Eth2 is still subject to change, especially after already suffering delays. Despite these delays, the upgrades could happen earlier than expected.Even though the merge testing is going well, it isn’t going to happen until the difficulty bomb is due to go off again (early December, as per EIP-3554). We are not ~1 month away from having client releases ready for the merge, so we need to push the bomb back again.