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Topic: Ethereum Gas Fees Drop - page 4. (Read 2504 times)

sr. member
Activity: 938
Merit: 251
June 13, 2021, 10:19:19 AM
All the L2 solutions are not looking attractive anymore,  ethereum network is free from congestion and because of this,  we are seeing reasonable gas fee!  Will this lower fee continue to even go lower?  I think as bearish sentiment persist,  the gas fee will be low. Another thing is that this low fee may not be permanent, we still need long term solution for capacity on ethereum network!
full member
Activity: 1022
Merit: 100
Meta4uStake.io
June 13, 2021, 09:14:31 AM
Ethereum transfer fees are still high, but it's still a good time to transfer funds. The Ethereum 2.0 update may change things, but until then, transfer fees will always upset us. We may miss these transfer fees when the bull market comes again  Smiley

have you done transactions for a long time? Now there are 5 gweys, which is a price per transaction of 30 cents. Anu show me where she is below. Moreover, now, even on BSC, the cost of transactions is higher.
I also just saw how the cost of ethereum gas has decreased enormously. this is something great for ERC token traders. they can trade their tokens again after a long wait. maybe some have even moved to BSC.

Be it BSC or ERC, I think there will be adjustments in transaction fees when trading traffic on their blockchain network increases to become very dense.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
June 13, 2021, 09:01:36 AM
Lower transaction costs are not a good sign for the market and DEFI has also cooled down now. Cryptocurrency projects started to drop in price as the BTC.D domain increased. Bitcoin is sideways and that upsets traders. To conclude where the market is going, it is necessary to look at which pattern the Bitcoin chart breaks. Hopefully, we will continue to see Bitcoin rise and altcoins follow suit.
sr. member
Activity: 1176
Merit: 282
June 13, 2021, 06:49:42 AM
Ethereum transfer fees are still high, but it's still a good time to transfer funds. The Ethereum 2.0 update may change things, but until then, transfer fees will always upset us. We may miss these transfer fees when the bull market comes again  Smiley

have you done transactions for a long time? Now there are 5 gweys, which is a price per transaction of 30 cents. Anu show me where she is below. Moreover, now, even on BSC, the cost of transactions is higher.
full member
Activity: 1302
Merit: 115
Pepemo.vip
June 13, 2021, 05:30:31 AM
Ethereum transfer fees are still high, but it's still a good time to transfer funds. The Ethereum 2.0 update may change things, but until then, transfer fees will always upset us. We may miss these transfer fees when the bull market comes again  Smiley
member
Activity: 1078
Merit: 15
June 13, 2021, 05:25:29 AM
Until now the ethereum gas fee is very low.. This is good news, I can now use eth network because I can afford the gas fee lol, but I still prefer BSC because we never know that the eth gas fee will increase suddenly. BSC is the best for me.
BSC is indeed very good for now because here all small traders can make transactions quite stable because indeed BSC is not only stable here but also the gas costs are very low so that it allows everyone to trade in affordable quantities.
but the lack of this bsc I think there are too many junk coins that lead to fonzi which if we are wrong in investing the money we invest will disappear instantly Smiley
but whatever it is I really like these two coins both ethereum and BNB
legendary
Activity: 2772
Merit: 1557
June 13, 2021, 05:06:48 AM
The ETH transaction fees suddenly drop to 50%. I am claiming my free GTC today with a few transactions of 7$ unlike in the past few days that it has been more than $14+. This good news for users to transfer tokens now? Or still, wait for the lower gas?

I don't think the fee will be lower. We've been paying a lot of money for fees for many years and opportunities like this have been coming in the last few weeks. The fee would be a bit difficult to decline further. If the number of transfers increases, then the prices will go up.
Sometimes it can be more profitable to wait, it is necessary to act according to the coin and amount you have Smiley
full member
Activity: 1050
Merit: 103
BIB Exchange
June 13, 2021, 02:49:03 AM
This is very strange, the entire market has fallen and there is no point in selling your tokens, but the commission has become low, but what's the point if the price becomes $ 50-100 again with a big price increase.
hero member
Activity: 2744
Merit: 588
June 12, 2021, 06:56:54 PM
The ETH transaction fees suddenly drop to 50%. I am claiming my free GTC today with a few transactions of 7$ unlike in the past few days that it has been more than $14+. This good news for users to transfer tokens now? Or still, wait for the lower gas?

It depends on your priorities here. If you can still wait, why not?
But if you are after for the price of your token and if you will wait longer, the price may drop, then it is better to take advantage of the opportunity.
Sometimes it is only you that can tell about the urgency of the situation. Check the price of the token that you are following and compare it with the gas fee that may incur during the transaction.
Is it worth to transfer now or just wait?
sr. member
Activity: 1330
Merit: 289
June 12, 2021, 11:23:00 AM
Until now the ethereum gas fee is very low.. This is good news, I can now use eth network because I can afford the gas fee lol, but I still prefer BSC because we never know that the eth gas fee will increase suddenly. BSC is the best for me.
BSC fees are still huge compare to EOS and SOL, I prefer Solana Blockchain to any other ones because of speed, low cost fees and of course security. I think the drop in ETH fees is due to the fact that, the price of ETH is currently down and most people are not making the network congested too for the sake of the drop in the demand for defi tokens.
full member
Activity: 1610
Merit: 103
The OGz Club
June 12, 2021, 10:45:33 AM
it was at 8 to 10 gwei, and now it's above 50 gwei, earlier it also touched 150 gwei,
I don't know what's wrong with ethereum, it looks like Gas on Ethereum is still unstable, if this continues many users are disappointed,
I'm also disappointed, some time ago also i lost almost $20 just for failing to send erc20 tokens, the cause is one gas instability!
jr. member
Activity: 966
Merit: 2
June 12, 2021, 10:27:12 AM
It's a good news mate and this will be the key to flip bitcoin like what other saying wherein as it becomes so stagnant after the drastic decline.. In fact as you can see the volume of eth is too high than bitcoin since it collapsed and now for sure it will increase its volume more in the market because of this news that can convince other ppl to rely on it again..


Yes,you are right. I am agree with you.Now a days eth gas fee dwon and under control. I hope and i wish eth gass fee is always under control.Ethereum gas fees have even decreased to a level between 8 and 10 Gwei. This has been the situation for a long time. I hope that we will continue to see these levels for good. Investors must be really happy now.So, we are happy for eth gass fee.
full member
Activity: 1330
Merit: 100
C O M B O
June 12, 2021, 07:37:05 AM
Ethereum gas fees have even decreased to a level between 8 and 10 Gwei. This has been the situation for a long time. I hope that we will continue to see these levels for good. Investors must be really happy now.
it's useless, even though GAS is down at 10 gwei, but for ERC-20 transfers it's still quite expensive,
especially for token swaps on Uniswap it's still expensive, it takes at least $10 for the fee, but if ethereum delivery is cheap,
it only takes $1 to $2 for fees, yes only at this time, maybe in the next few months GAS will be expensive again
legendary
Activity: 1274
Merit: 1000
June 12, 2021, 07:26:21 AM
Ethereum gas fees have even decreased to a level between 8 and 10 Gwei. This has been the situation for a long time. I hope that we will continue to see these levels for good. Investors must be really happy now.
Yeah man, Currently the average gass fee is 10 to 11 gwei. I'm sure after ethereum 2.0 is implemented, ethereum will be the best protocol at the moment. they have the best scalability and also the technology that the market really needs today, although there's a little delay, I think it's okay
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
June 12, 2021, 07:21:19 AM
Ethereum gas fees have even decreased to a level between 8 and 10 Gwei. This has been the situation for a long time. I hope that we will continue to see these levels for good. Investors must be really happy now.

It should attract investors, I remember they dump ETH for BNB because its BSC network charges cheap transaction fees, but if ETH fees will drop, then there's no reason for them to choose BNB as ETH is more established and the top 1 in altcoins ranking.
member
Activity: 1022
Merit: 10
June 12, 2021, 05:15:15 AM
Ethereum gas fees have even decreased to a level between 8 and 10 Gwei. This has been the situation for a long time. I hope that we will continue to see these levels for good. Investors must be really happy now.
full member
Activity: 1386
Merit: 101
ComboLabs
June 12, 2021, 05:01:47 AM
Until now the ethereum gas fee is very low.. This is good news, I can now use eth network because I can afford the gas fee lol, but I still prefer BSC because we never know that the eth gas fee will increase suddenly. BSC is the best for me.
Indeed, with the news that ethereum transaction fees have dropped, of course that is good news and everyone is waiting for I think,
maybe ethereum transaction fees will be stable and hopefully it can get cheaper,
but if speaking for now personally I really prefer BSC just like you
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
June 12, 2021, 04:35:57 AM
it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high , perhaps the number of users on BSC increased because of that.
I don't think it's too late because there are still many projects that use the ethereum platform and I also see that until now ethereum is still number 2 after bitcoin. BSC users are increasing not only because of the high ethereum gas but indeed because BSC has other advantages
For too low gas fee now many scammer use BSC chain.Because it can build a project at low cost.  They make a project on BSC network and start presale if they get some investment. Then They left the project and fled. So, Ethereum some high gas fees are not a big problem. Scammers will attack less here
member
Activity: 658
Merit: 10
Rangers Protocol
June 10, 2021, 10:57:26 PM
I really really hope that the gas transaction price will remain low and not just in fluctuations all the time. Small erc 20 token holders are the most affected every time the gas price is too high. Sometimes gas price is enough amount to buy another potential tokens. The amount to pay the gas is enough to start investment.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
June 10, 2021, 10:52:18 PM
it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high
that doesn't seem to be the true story. Those who have been migrating to the another blockchain just need to change their RPC to be able to connect with ethereum chain. People were migrating to the another chain temporary but once the tx fees on ethereum will be going back again to the what it should be and then they can jump back again to the ethereum. I think that you must try to see the average transaction on ethereum network.
It seems like that the new update that already implemented last month give a small impact to the fees.
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