In the past 1 week, I did not do any transactions on the ETH network because its gas fees were too high. I think the reason the gas of ETH goes up is because investors are interested in Defi projects and has made the ETH network congested as it is now.
It looks like most of the transactions that were increasing the gwei in the network came from the uniswap and I have expected the launch of a lot of new defi projects have been making the ethereum network being so crowded 
Topic: ETH Gas transactions price is about to hit 300 - page 7. (Read 1101 times)
The whole situation is greatly complicated by the increased demand for transactions on the Ethereum network and therefore the price for gas has increased greatly. I believe that developers are now very actively trying to solve this problem, because due to the high cost of transactions, the number of users will decrease. Vitalik Buterin has already voiced the idea of how to solve this problem, when, instead of Gwei, they will introduce the concepts of a base commission for an operation and a bonus tip to miners.
I guess those presaleS and uniswap transactions are really giving effect to it.
Presales and getting listed to uniswap are the trend now but I can't continue doing swap trades on Uniswap if these Gas fees are insanely high!
Presales and getting listed to uniswap are the trend now but I can't continue doing swap trades on Uniswap if these Gas fees are insanely high!
I don't know what caused the increase in GAS fees on the ethereum network today, is it due to the accumulation of transactions on the Ethereum blockchain? This bothers me a lot, because I am only a small trader in the crypto market. Will Ethereum V 2.0 solve the current GAS problem? I hope this doesn't have a bad impact on Ethereum's future development.
indeed gas eth really very expensive as possible if this happens continuously then people will move to the coins of other investments because it is situations that are not favorable for the holder to send eth to exchange need gas enormous if one investor saturated with the increase of gas when gas prices rise, the ethereum also rising gas should be always normal for transactions on the network for gas ethereum really detrimental to the holder.
what kind of transaction did you made, something including smart contract perhaps
fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all
I think people need proof, because I also send token yesterday with gas fee of more than $1 and the transaction failed, also many people experience the same thing. If you see https://etherscan.io/gastracker even low transaction speed needs $1.23. fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all
In the past 1 week, I did not do any transactions on the ETH network because its gas fees were too high. I think the reason the gas of ETH goes up is because investors are interested in Defi projects and has made the ETH network congested as it is now.
But what is DeFi is not the real reason why transaction fee increases? And if your prediction is correct, then could these transaction fee increase do harm to DeFi ? (if the grow continues).
Can someone give a link calculator to calculate with which gas price the transaction will be sent, and starting with value and lower you will simply burn your gas ? Would be much appreciated.
In the past 1 week, I did not do any transactions on the ETH network because its gas fees were too high. I think the reason the gas of ETH goes up is because investors are interested in Defi projects and has made the ETH network congested as it is now.
If this kind of scenario continues investors will be looking for another altcoins venture where can get more benefits while having less worries of fee for every transactions they make like in XRP, TRX, BNB with way lower fees with same quality of blockhain competitions as Ethereum
It is a good indicator that Ethereum is really used, but on the other hand it shows that Ethereum is not currently ready for the massive adoption because of high fees and low TPS rate. Hope that Ethereum 2.0 will come soon as possible and bring Ethereum to the point from which we can say that Ethereum can be used in every day life.
We can't switch to another coin because most of altcoins now are based on ETH blockchain network.
Just waiting ethereum network be stable. in this case, you must hold your erc20 token for sure.With Dash that will be : 2-4 seconds, $0.004 cents, high usability
Seems good, I am waiting for dash staking to be low, maybe can we stake only 100 dash on QT wallet?I want to sell my tokens on UNISWAP exchanges but I think it will large transaction fees
conventional exchange still uses normal fee like before, maybe they can growing up fee next time to avoid lost.If it continues to take higher trx fee then I will not use ETH to pay thourh ETH.
think your bounty received erc20 token, if you don't use eth then your token doesn't go anymore.what kind of transaction did you made, something including smart contract perhaps
fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all
hope you can prove your statement because I try to sending under fee $2, transaction going failed then I have to bump higher fee to success. fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all
The current ethereum gas fee has discouraged a lot of people from effecting transactions in the ethereum blockchain. The issue needs to be rectified as several complaints are registered daily by the ethereum Community. I learnt that the ethereum 2.0 project would be addressing the the issue of hike in gas fee. I do hope that the project is launched soon.
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Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.
I have never seen such a high gas fee before though, i got charged $12 for a transaction lastnight again
what kind of transaction did you made, something including smart contract perhaps
fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all
Quote
Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.
I have never seen such a high gas fee before though, i got charged $12 for a transaction lastnight again
that is right. Currently, the eth gas transactions price is very high. My assume is this quartal will be altcoins session to bullish. Because, I have heared that the defi project is very popular right now. Some defi project has hosted on ethereum chain.
it's got bigger for sure and it's still happening
They definitely need to do something, use USDT becomes not comfortable, I want to make a small transfer, and the commission is huge.
i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.
dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.
dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.
Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.
If talking about switching to other altcoins? I said yes, I've even been doing this since 2017. But unfortunately what we have now is still on the Ethereum platform.
I'm an Ethereum user since then most of my traded tokens are Ethereum base, but because of this super expensive gas price, I'm started to think about and look for another alternative, Eth is more expensive now compared to Bitcoin while sending transaction just imagine I'm sending a token worth $50 and charge me with 3 dollars transaction fee because of this I started to dislike Ethereum now! Only the miners will become rich and I feel frustrated about it.
That sounds really strange to me to be honest. I know gas fees are high but yesterday all day I could see it max was 200 for almost instant confirmation. I still sent 150 and it was confirmed in less than 1 minute, for sure 100 would get you 2 minutes.
But you are right, checking etherscan now, it has updated a new recommended gas fee next to price. 320!
Oh my god! Unbelievable, I didn't expect and think that the gas fee of ETH can be so high like this! I'm aware that the fee is high, but it is way more than I can imagine. I know that when the trading volume is high the fee has to increase also. Even though it's kind of shocking but not too surprising. It just increases too fast! In my opinion, it will keep raising if the ETH price increases! But you are right, checking etherscan now, it has updated a new recommended gas fee next to price. 320!
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