Seems ETH has concentrated on the scalability of other platforms' development on blockchain but not considered huge transactions. With so many projects specifically Defi(due to hype), transactions are enormous such that it is not able to handle it resulting in high fees. This in turn, impacting the growth of these projects as well.
Hope the situation become normal soon.
Topic: Ethereum Fees - page 4. (Read 1036 times)
I don't know when ETH fees can drop again, but if the current situation persists and many people are still interested in Defi projects then I believe ETH fees will go up $ 10 or even high more like that next time
When goes down eth price then gas fees reduce. Really 5$, $10 not small gas fees for a beginner trader or investors. Yes definitely right hype now and many investors want invest in defi project without analysis lol. Without research for a crazy investors thinking.
It is interesting to see this, because it makes people realize that bitcoin isn't slow because it is old. Neither is ethereum fast because it is a high tech.
Bitcoin is slow because the network is congested, and ethereum is now congested and is slow now.
Bitcoin is slow because the network is congested, and ethereum is now congested and is slow now.
I don't know when ETH fees can drop again, but if the current situation persists and many people are still interested in Defi projects then I believe ETH fees will go up $ 10 or even high more like that next time
When goes down eth price then gas fees reduce. Really 5$, $10 not small gas fees for a beginner trader or investors. Yes definitely right hype now and many investors want invest in defi project without analysis lol. Without research for a crazy investors thinking.
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 just had to pay around $48 to transfer $8 worth of ETH. The developer team really need to do something about it because it's getting out of hand now. I just hope they will release some update before the launch of ETH 2.0
There are additional fees for DeFi projects. Those fees can run up to $100.
https://cointelegraph.com/news/using-a-defi-protocol-now-costs-more-than-50-as-ethereum-fees-skyrocket
https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth
Quote
While the average Ethereum transaction fee is more than the daily income in many countries, the additional smart contract executions needed to engage with DeFi protocols
has seen users report fees of up to $100.
has seen users report fees of up to $100.
People are getting stuck in DeFi projects. That is what you get when a lot of token projects rely on one single blockchain, you create a single point of failure. Which in this case are the fees.
Link : https://coinmarketcap.com/tokens/
I don't know when ETH fees can drop again, but if the current situation persists and many people are still interested in Defi projects then I believe ETH fees will go up $ 10 or even high more like that next time
When goes down eth price then gas fees reduce. Really 5$, $10 not small gas fees for a beginner trader or investors. Yes definitely right hype now and many investors want invest in defi project without analysis lol. Without research for a crazy investors thinking. 
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 just had to pay around $48 to transfer $8 worth of ETH. The developer team really need to do something about it because it's getting out of hand now. I just hope they will release some update before the launch of ETH 2.0
DEFI projects are overburdening the ethereum network, transaction costs have increased a lot in the last 2 months and they could add up even further. I find it crazy to spend $ 30 on a trade regardless of the volume, so it's not fair for small traders.
Not really fair, I'm still checking from time to time when will the fees go back to normal, because of the DeFi projects the scalability issue of Ethereum has been exposed, and we'll have to wait sometime before things go back to normal right now traders are turning to Tron as a good alternative to Ethereum, many altcoins will shine because of this issues.
I think the fall in fees or gas needed to make transactions on Ethereum is due to the effect of the collapsing bitcoin price and causing Ethereum prices to fall so that gas costs are cheap, I think the conclusion is that ethereum prices must be cheap to be able to make the gas needed not too expensive.
The decline in the market today has had a good impact on gas fees that have also decreased, maybe hundreds of thousands of low fee transactions have been confirmed, for small traders this fee is still high and still uses other altcoins as an alternative to cheaper transactions with faster transaction durations. 
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Now that value of ETH is declining so is value of transaction fees declining. It could go back under $1 soon. But big question is, if $1 transaction fees are not to high. You cant make micro payments with that. You can barely afford normal payments at that level.
Holy crap.
I just saw that now. Thanks for the update.
$100 down already. Yes, this might make the fees cheaper again since we like converting it always to USD before making any transactions.
What could be the reason behind this recent dump?
If I remember correctly Vitalik said somewhere that Ethereum is not to be used for daily payments, this is why I think the fees are so high because is meant to be something else.
now Ethereum's GAS has dropped to 138 Gwei, this is good because it's not as expensive as yesterday, I'm sure it will drop again below 100 Gwei,
Everyone expected that, unfortunately when altcoin down Ethereum Gas also down too
I think the fall in fees or gas needed to make transactions on Ethereum is due to the effect of the collapsing bitcoin price and causing Ethereum prices to fall so that gas costs are cheap, I think the conclusion is that ethereum prices must be cheap to be able to make the gas needed not too expensive. Everyone expected that, unfortunately when altcoin down Ethereum Gas also down too
now Ethereum's GAS has dropped to 138 Gwei, this is good because it's not as expensive as yesterday, I'm sure it will drop again below 100 Gwei,
Everyone expected that, unfortunately when altcoin down Ethereum Gas also down too
Everyone expected that, unfortunately when altcoin down Ethereum Gas also down too
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 just had to pay around $48 to transfer $8 worth of ETH. The developer team really need to do something about it because it's getting out of hand now. I just hope they will release some update before the launch of ETH 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 just had to pay around $48 to transfer $8 worth of ETH. The developer team really need to do something about it because it's getting out of hand now. I just hope they will release some update before the launch of ETH 2.0
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Same as bitcoin, Ethereum is suffering from heavy pending transaction due to DeFi hype transaction. This is the same old problem of ETH before during 2017 hype. The fee will go back to normal or cheaper once ETH v2.0 was release. For the meantime, we can't do anything about fee and it might get worser soon because the volume of transaction in ETH is still increasing. It's better avoid decentralized exchange right now and trade only in CEX.
ETH blockchain can't handle DeFi volume honestly speaking.
Right now I want to avoid decentralized exchange but how to move from ERC-20 tokens to centralized exchange. You really think for DeFi hype, Ethereum blockchain is suffering a heavy pending transaction problem? The best choice could be for some new projects centralized exchange for distribution. At least admin could save 1-2 USD for every ERC-20 tokens transaction.ETH blockchain can't handle DeFi volume honestly speaking.
There is a project called Serum project which offers a Decentralize Exchange which charge a minimal fee with fast transaction. They used Solano blockchain on there DEX that’s why it was fast and cheap compared to typical DEX like Uniswap which is built on ETH blockchain. Solana blockchain boast a 50k transaction per seconds.
Serum DEX is the first exchange that will offer cross chain feature meaning to say, you can trade ERC20 tokens while they are using Solana blockchain. So far, CEX is the best when you are looking for exchange that offers huge liquidity but DEX is the best to buy coins that still not listed on big exchange so that you can still have a chance to have a position before the price pump when it list on big exchange, You can control also your wallet on DEX unlike CEX.
The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Now that value of ETH is declining so is value of transaction fees declining. It could go back under $1 soon. But big question is, if $1 transaction fees are not to high. You cant make micro payments with that. You can barely afford normal payments at that level.
Currently, there are indeed many investors and traders who complain about the high price of gas being charged. Gas costs will usually return to normal when transactions are not as busy as they are now.
When miners will not choose to get those willing to pay high fees to make the transactions much faster, seems that it will happen
after this hypes, for now we can only park ourselves watching and monitoring the current situations.
I think it will return to normal, if you observe on the chart the current ethereum price is going down and reducing gas costs a little too. So, it can be concluded that if the ethereum price itself has decreased, it means that the price of gas costs has also decreased.
That's the only way we can do now, wait and watch. Things will returned to how should it works,
by then we will be able to do the normal transactions that we use to have before this increase happened.
I think it will return to normal, if you observe on the chart the current ethereum price is going down and reducing gas costs a little too. So, it can be concluded that if the ethereum price itself has decreased, it means that the price of gas costs has also decreased.
As long as the transaction are still high i dont think the gas will be low in anytime. Unless ethereum price stable and that might make the transaction traffic low and could push the gas to lower also..
I think it will return to normal, if you observe on the chart the current ethereum price is going down and reducing gas costs a little too. So, it can be concluded that if the ethereum price itself has decreased, it means that the price of gas costs has also decreased.
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