Wait for it,the defi itself will be disappear in next few months the same thing happened with ICO as well.Quick profits sessions are nit going to stay here forever and don't get fooled by the marketing strategies from projects.
yes I agree with you, now it's just hype defi and this is exactly the same as during the ICO trend, at that time the cost of gas was very expensive but when the ICO started to die, the gas price returned to normal
Topic: ETHEREUM GAS FEES MIGHT NEVER GO DOWN AGAIN - page 4. (Read 434 times)
Wait for it,the defi itself will be disappear in next few months the same thing happened with ICO as well.Quick profits sessions are nit going to stay here forever and don't get fooled by the marketing strategies from projects.
yes I agree with you, now it's just hype defi and this is exactly the same as during the ICO trend, at that time the cost of gas was very expensive but when the ICO started to die, the gas price returned to normal hero member
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Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.
$35 is just a huge amount already for a fee just to get thru a transaction. This is where a platform like TRX can thrive but it might not be long before TRX will also have this kind of problem.
Nevertheless, the ETH transaction fee varies cause if the transaction was send personal wallet the fee are cheap than sending to exchange wallet.
Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.
$35 is just a huge amount already for a fee just to get thru a transaction. This is where a platform like TRX can thrive but it might not be long before TRX will also have this kind of problem. The more the price goes up, its always going to have a proportion gas fee which also something to complain later on. ETH gas fee is just getting too much, you'd have to consider just using other altcoins and I guess this is why ETH2.0 would make sense as well.
Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.
But how many DEFI is on TRX network at the moment? Ethereum has almost all in over $10billion value. DEFI on trx does not make as much profit like those on Ethereum which makes it more attractive. Ethereum is just exploiting the market trend with DEFI and the price pump also does not favour the gas. The network of transaction is busier with price increase in ethereum will go down when price corrects 
It's absolutely Insane, I paid like 150 usd in gas fees on uniswap man today, I actually called it UNISHIT for the first time. I was about to buy another coin and it then asked me for 56 bucks worth of gas man, are you kidding me? I hope we get more interoperability and some of these tokens start moving to other blockchains otherwise it will only be whales playing the DeFi game on the ETHEREUM NETWORK. Thank GOD I made some profits this week otherwise I would have been really upset to pay all this gas. I am going to try farming on Zapper to see if I can pay less fees.
The only positivity in this congestie scenario is that ethereum network and its userbase has grown to new heights and especially the number of transactions has really exploded which also indicates strong organic demand for eth and no wonder price will surge parabolically sooner or later.
With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
Wait for the hyped ETH 2.0 to roll out and we will see whether these situations will be sorted. I remember how Vitalik Buterin used to mock the high fees of BTCitcoin in the past and how ETH is a much advanced shit which will never get congested and the fees will never rise because of faster block time period but time has shown everyone that these dreams were just a farce and that makes me chuckle 
.No comments about the price as you never understand how these speculation and pumps work, common sense says that if the transaction fees keeps on increasing there is no way people will invest in it but cryptocurrency is a different monster
. With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as the DEFI market continues to dominate.
With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
Do not worry as far as i know there are many solutions being worked on. Even some other projects like qtum are working on this issue plus i am confident eth developers will also come up with solutions soon. With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
The beginning of the month was welcomed by ethereum, as we have seen now that Ethereum is moving significantly or to be precise the current Ethereum price is $ 479. I think if the price of Ethereum continues to increase it will affect the cost of gas. If you look at the previous month when the price of Ethereum was still cheap, the price of gas was also cheap, and vice versa.
It would be interesting to see again Ethereum hitting a thousand dollars once again. But the recoil of it would be the fees. Not unless the network calms down and the demand for defis start to dry, fees will also calm down.
But I wouldn't comprehend that the network fees for Ethereum might never go down. It's like looking back to the ATH days when the fees were high or the crypto kitties trend but after those, the fees went lower.
But I wouldn't comprehend that the network fees for Ethereum might never go down. It's like looking back to the ATH days when the fees were high or the crypto kitties trend but after those, the fees went lower.
I think etherum gas fees are becoming frustrating and this is far from the true blockchain ideology. It is said that from ethgasstation, fastest gwei to send out was 470 gwei, which is so high and outrageous. And there is no corresponding increase in etherum prices, why then is the gas fee so exorbitant ?
it seems true, that the increase in the price of Ethereum has something to do with the current Defi Project, Defi has attracted the attention of the public, especially coin investors. On the other hand, it is affected by the significant increase in BTC price above $ 11K. I think the current market situation is very good and a bullish market is likely to come soon.
Ethereum is becoming unusable, I know some people will disagree with this, a network with $10 transaction fee is not sustainable but my concern is that all these Ethereum killers are not taking advantage of this, I know Serum is betting on Solana and Podaldot teams is showing signs but they need to build infrastructure to support their platform
Well, I stopped making small transactions a long time ago, I think many people do too, now the network is used only if for farming and large transfers.
Wait for it,the defi itself will be disappear in next few months the same thing happened with ICO as well.Quick profits sessions are nit going to stay here forever and don't get fooled by the marketing strategies from projects.
With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as the DEFI market continues to dominate.
With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
The price appreciation of ethereum is never a problem, as a matter of fact it is even better for investors as they currently enjoy a very high return on investment and keeps them smiling as they cash out. But the gas paid on ethereum is fast becoming a challenge as people hardly transact from theri wallets as the prices are seeing the roof.
Transaction fee has been increased because the number of tx in ETH blockchain has been increased which barely have anything to do with the price. Apart from that, ETH supply isn't limited which over the time will create deflation. I don't think we will see ETH $1000 anymore.
No one is talking about how this will end the dream of bounty hunters. Imagine, having token that is worth $30 with a fee that's high as $15, is that balance at all?
This is opportunity for other competitors to displace ethereum with this huge gas fee.
This is similar to 2017 ICO maniac
This is opportunity for other competitors to displace ethereum with this huge gas fee.
This is similar to 2017 ICO maniac
Déjà vu.
When ICO's are hyped we also saw how the price of Ethereum transaction fees went up.
Which is because, most of their primary method of payment is ETH.
The hype will calm down. It always will and fees will go back to normal. No doubt about that.
When ICO's are hyped we also saw how the price of Ethereum transaction fees went up.
Which is because, most of their primary method of payment is ETH.
The hype will calm down. It always will and fees will go back to normal. No doubt about that.
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