So since ERC20 withdrawal fees are absurd in almost all exchanges that I work with (from $30 to $50), I decided to use other networks such as Arbitrum One and ALGO for my USDC.
A few weeks ago, USDC deposits for Arbitrum One were "temporarily" halted on the exchange I used to work with and now I can hardly find other exchanges that have Arbitrum One deposits. The same is true with ALGO but the exchange is still supporting ALGO deposits for now.
So is it possible that the coins you own on the lesser-known networks will go on to be worth zero because there's no way to trade them (no exchange supports it basically)?
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