Topic: Ethereum Fees (Read 1036 times)
I guess this is happening since there's a defi hype... same old same old, it'll go back to normal sooner or later
It's happening now, the gas fee is no longer $5 you can now set to minimum and it will be transferred.
The Hypes of those mentioned transactions might be calmed now and fees are acceptable if you are looking for quicker
process, you are capable now to deal with much lower fees and enjoy if you are in the process of transferring your tokens.
yes, now I see that the cost of GAS has decreased. but I think there will be more adjustments for an even lower cost. had experienced a high increase and it is of course a concern for day traders. The Hypes of those mentioned transactions might be calmed now and fees are acceptable if you are looking for quicker
process, you are capable now to deal with much lower fees and enjoy if you are in the process of transferring your tokens.
Well we are getting to that August levels, it is going down from the insane highs, don't get me wrong it is still quite high, who would want to see it this high, but going back a month is a start to going back a year, thats how it works. All of this DeFi and so forth BS will eventually end, people will realize it is a bull shit and not a real thing and people will stop using blockchain to get to that Defi stuff and eventually that will cause blockchain to get easier and the clogging will end. No matter where we end up, we are %75 lower than just a week ago, that is a great movement and I am hoping that it continues, we really need a bit more fall, we need it to go down another %75 on top of this so it would actually be a lot better (or at least normal).
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
Maybe it backed to normal price if the fomo of defi is decreased.Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
No, that's not coming from a centralized party. It's high because of more interest on defi space and more users are increasing their gas fee to make fast transections that's why it's increasing. 
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
for now it is imposible, because so many transaction using eth, uniswap, Curve, KyberSwap, Balancer, etc.Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
and eth cannot handle all.
we must waiting ethereum 2.0.
It's happening now, the gas fee is no longer $5 you can now set to minimum and it will be transferred.
The Hypes of those mentioned transactions might be calmed now and fees are acceptable if you are looking for quicker
process, you are capable now to deal with much lower fees and enjoy if you are in the process of transferring your tokens.
I guess it can't be helped, the ethereum gas fee is very high because there are many platforms using ethereum network.
They are competing each others to spending more gas so their transactions will be done quickly.
As long they are still using high gas fee, we cannot use the low gas fee in ethereum blockchain.
They are competing each others to spending more gas so their transactions will be done quickly.
As long they are still using high gas fee, we cannot use the low gas fee in ethereum blockchain.
Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal.
this is not a business but those crazy defi traders were making this.
All these abnormalities just have to stop. I can't wait to see Ethereum gas fee come back to normal again. It is just one.of those gimmicks and it will come to an end.
Some people are making their money from it already and they are the miners. Nothing goes on continuously for life, an end will definitely be seen, coupled with a new beginning.
Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal.
this is not a business but those crazy defi traders were making this.
Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal.
If Ethereum 2.0 can't be the answer to it, why then is it launched? It means it is not fulfilling it's mandate and we do not need it. This is definitely not the case.
Let it launch first, it it does not stop it, hen we would know it has no impact.
if it doesn't have an impact, obviously this is disappointing
Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal.
If Ethereum 2.0 can't be the answer to it, why then is it launched? It means it is not fulfilling it's mandate and we do not need it. This is definitely not the case.
Let it launch first, it it does not stop it, hen we would know it has no impact.
Fees will normalize only after eth 2.0 release or after defi death. I dont know what will be sooner
These two factors could be the cost recovery of expensive ETH gas, but maybe this is the business game of the big miners. They are still hungry for profit, all will be done when they reach their goal.
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
for now it is imposible, because so many transaction using eth, uniswap, Curve, KyberSwap, Balancer, etc.Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
and eth cannot handle all.
we must waiting ethereum 2.0.
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
I believe that the high fees for ETH are a consequence of the large number of transactions that the system is unable to process. This is not the first time, similar cases have happened before. All this will surely pass and the commission will return to the usual level. Now we have seen a surge in fees on the ETH network due to the high demand for tokens of the DeFi platforms, but it will not be long and already now we are seeing a decrease in the prices of fees on the ETH network. The main thing is not to worry and understand that the ETH system is not yet ideal, as, in principle, other crypto systems.
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
Recently when I try transfer my ETH to another wallet, it would cost me $6 in gas fees and it's kinda ridiculous. First, high gas fees was due to that Forsage scam and now into DeFi craze that makes these transactions go wild and congested. I understand that a lot of people have jumped in on DeFi by simply converting their Bitcoin and other cryptocurrencies into ETH.
I was hoping for ETH 2.0 to come out soon to finally solve these ridiculously high transaction fees. I wish I would convert it to BTC or USDT, but I have faith in ETH that it would go up again without dealing with these high gas fees.
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
I believe that the high fees for ETH are a consequence of the large number of transactions that the system is unable to process. This is not the first time, similar cases have happened before. All this will surely pass and the commission will return to the usual level. Now we have seen a surge in fees on the ETH network due to the high demand for tokens of the DeFi platforms, but it will not be long and already now we are seeing a decrease in the prices of fees on the ETH network. The main thing is not to worry and understand that the ETH system is not yet ideal, as, in principle, other crypto systems.
I see most of the miners taking opportunity of the ETH lock period for Defi to hike the transaction fee. This is coupled with ETH price going up. However, I see price coming back to normal as the Defi price goes down.
I read an article the other day that Ethereum developers are discussing various ways to solve the current situation and the possibility of implementing them in forthcoming update of Berlin.
Can you share the article with me? Defi hype is now a little less than before and the gas is now also a little lower, but still far from normalJust waiting for Defi not popular to see gas prices return to normal
The cost of sending Ethereum is completely absurd and very expensive, I expect Ethereum price to go up but with normal shipping costs. For now it is best to hold onto Ethereum and resist the temptation to buy the DeFi project which is currently hype
The final solution that exists today is to wait for the developer to resolve this issue and update it. If this situation persist for a long time then I am afraid that Ethereum will lose a lot of user due to exorbitant fees. If this was the case, then it wouldnt be an advantage on their part. As soon as possible they must solve the problem.
The heavy traffic on ethereum transactions makes the network slow. this requires a solution and gassing up becomes a difficult choice.
I guess this is normal and it's not just a business problem.
I guess this is normal and it's not just a business problem.
Does that means that the Ethereum chain is not capable of handling large volumes? If that is what you imply, then we should be seriously looking for other alternatives. Because if Ethereum is unable to handle the small number of users it is having now, how can we expect it to perform without any issue when the userbase increases by manifold in the next few years?
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