Topic: ETHEREUM GAS FEES MIGHT NEVER GO DOWN AGAIN (Read 434 times)
It will cause more problems in the future due to the increasing popularity of DEFI altcoins and the decentralized exchanges will not make it lower for the obvious reasons. Gas tracker websites shows that around 150 gwei is required for sending transaction and fee increases every day. In my opinion, holding the gas fees on these levels will cause more problems and it will be the start point of the end.
It would be very big trouble if that happened because there are still many tokens that use the ethereum blockchain network, I have wanted to send tokens many times but disappointed by high fee gas and this was very detrimental to small players. For whales, it might not be a problem, but for small players when gas is bigger than the assets it is a headache. Hopefully things get better later or everyone will prefer to use the trx network.
It is very burdensome, especially for me as a user of small transactions. I really hope that gas fees can go down again so that I can resume transactions, both in large and small amounts. However, if that is not possible, it seems like my solution should switch to another block, for example moving to TRX.
Now there is some possibility to reduce ETH gas price because defi hype is going down for now. As you see ETH price falling.In fact all ATLS Coins price are decreasing including ETH. Bitcoin price dumping as well. ETH gas rate still high but Will dcrease after defi hype gone forever. Let's see.. When it happen
It would be disastrous to have the Gwei hit 1000, because several persons would stop using ethereum for transactions. I personally won't use any Gwei that is above 100 and would even prefer to wait until the value drops to less than 50 Gwei. Its rather unfortunate that the value of gas fee has increased this much as ethereum is no longer competitive with other platforms like tron and eos.
Gas increased because of the demand for Defi of many investors. It has caused a lot of trouble for other projects and those who want to move tokens, it's hard to believe since each transaction costs about 4-5 $ and that's really a lot of money. Hopefully in the coming time, new Defi projects will use other platforms such as TRON, Cybermiles .. To be able to reduce the gas fee of ETH
Yeah that's seems right to me as well. ETH gas price is going higher & higher more and more.Defi is flooding on market right now.We hope eth gas price reduce soon otherwise people will start to use TRX soon
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The only way for Ethereum gas fee to get cheaper is if the price goes down, I've been tracking gas fee using this website since 48hrs now (https://ethgas.watch) and there are minutes or hrs that the gas fee goes lower but still it isn't a big difference
Except that will only decrease the gas fee temporarily, when people realize that the money they spend for paying the gas fee to get their transaction confirmed faster is cheaper because eth price is falling down they might increase the fee relative to what they think "enough" and then the bar will set high again for the gas fee.The gas fee will indeed not gonna go down again anytime soon because uniswap and to be honest people who uses ETH to send money should just switch over to another altcoins.
The only way for Ethereum gas fee to get cheaper is if the price goes down, I've been tracking gas fee using this website since 48hrs now (https://ethgas.watch) and there are minutes or hrs that the gas fee goes lower but still it isn't a big difference
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.
what if the price Hits $1000 IN 2022 Meaning This fees will Hold high till then?i doubt it is true.
Maybe this will not take long from this day,since the price of ETH is geting High and low.
This is not fare, we are suffering here and I don't know what the eth team are doing to lighten our situation, this high gas price is making us suffer, even we have small token to transfer but we can't transfer because of high cost, i wish many project are not erc20 tokens, things would have been a lot easier.
Nothing you can do but wait mate,either fair or unfair yet we are only User and No one can help us in our sentiments.I avoid using ETH now for conversion and i chooses ripple so i can save some Bucks.
Yesterday I saw such huge commissions that even 2017 is not so terrible))
people burn their money with expensive gas costs, I can only wait for the time to withdraw my money also in forkdelta, I still have some ETH there it seems that withdrawing will be very costly at this time, so what can be done now is to wait for gas prices down, somehow the price of ETH is still going up while this gas cost problem really annoys us when the market really starts to grow
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.
Honestly, Ethereum gas fees is increasingly mad nowadays. Just yesterday I wanted to withdraw an ETH blockchain based token I got through airdrop on CCTIP bot, I couldn't believe the gas fee. I wanted to withdraw $23 worth of tokens and the gas fee was $22.5 worth of ETH... So insane. Recently, Binance is considering increasing the gas fees of all Ethereum based tokens on the exchange. I think ETH foundation just have to do something about this.
During the all-time-high price of Bitcoin (BTC) IN 2017, it also struggled with the same thing. The transaction volumes went through the roof and people from the Ethereum group promoted Ethereum as the Bitcoin killer and a alternative payment option or currency. 
Now the price of Ethereum is going through the same thing and with the introduction of the gas ...transactions are becoming ridiculously high. Bitcoin did not except the situation lying down, the developers innovated and they created the Lightning Network as a side chain solution and currently with SegWit, miners fees are not an issue anymore. (Transactions are Lightning fast and super cheap)
Can Ethereum developers do the same?
Now the price of Ethereum is going through the same thing and with the introduction of the gas ...transactions are becoming ridiculously high. Bitcoin did not except the situation lying down, the developers innovated and they created the Lightning Network as a side chain solution and currently with SegWit, miners fees are not an issue anymore. (Transactions are Lightning fast and super cheap)
Can Ethereum developers do the same?
-snip-
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.
I am sure, if this is not fixed soon the developers will choose another chain, which as well as ETH holders will rethink whether to keep using ETH or switch to other altcoins that are cheaper for transaction fees, of course, this will reduce interest in adopting ETH as a method payment.
That is what im afraid of. If Ethereum gas fee continue to stay high, many people will not prefer to using Ethereum anymore.
DeFi platforms are not only in Ethereum, there are on several blockchain like Tron or EOS.
Maybe Ethereum foundation team should find a way to reduce the Ethereum gas fee.
DeFi platforms are not only in Ethereum, there are on several blockchain like Tron or EOS.
Maybe Ethereum foundation team should find a way to reduce the Ethereum gas fee.
The solution that can be used is maybe using a product token from dex 1inch, namely CHI Gastoken because they claim it can solve a little problem with Ethereum gas, which is very expensive, but it just seems that it only works on transactions made on their dex but for other dex it looks like CHI the token still doesn't work.
This is not fare, we are suffering here and I don't know what the eth team are doing to lighten our situation, this high gas price is making us suffer, even we have small token to transfer but we can't transfer because of high cost, i wish many project are not erc20 tokens, things would have been a lot easier.
I don't really know why the cost of ethereum gas is high, but if you look at the market sector, it is likely to be influenced by the increase in Ethereum prices itself, from another point of view it may be related to the Defi project that is trending. But my prediction is that the cost of gas will drop after the launch of ethereum 2.0.
It is unbelievable how the gas price keeps going up none stop, and the worst part is most project are on the Ethereum network which means whether we want to or not we have to pay this high fees to make any transaction, and it seems this will go on for some time before things will go back to normal (i.e if they will ever will).
You said it right. Nothing to we can do right now as the hypes of DeFi still killing the momentum, we can
do nothing but to play our cards and follow the process.
Paying huge fees in order to transact and continue the cycle, unless you can wait and you are willing to
lose the opportunities it's everybody's call.
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Agree with you, the gas charge becomes too high compared to before. I still remember a while ago I only needed $ 0.2-0.5 per transaction, but now I have to pay $ 5 for the transaction to be confirmed. That was a lot of money for me
And that's really sucked, you cannot sell now those junked tokens inside your wallet, seriously this fees
is really pain in the ass. The only option if you don't want to pay this high fees is to keep your assets and
forget about using this chain for a while.
It is unbelievable how the gas price keeps going up none stop, and the worst part is most project are on the Ethereum network which means whether we want to or not we have to pay this high fees to make any transaction, and it seems this will go on for some time before things will go back to normal (i.e if they will ever will).
You said it right. Nothing to we can do right now as the hypes of DeFi still killing the momentum, we can
do nothing but to play our cards and follow the process.
Paying huge fees in order to transact and continue the cycle, unless you can wait and you are willing to
lose the opportunities it's everybody's call.
Quote
Agree with you, the gas charge becomes too high compared to before. I still remember a while ago I only needed $ 0.2-0.5 per transaction, but now I have to pay $ 5 for the transaction to be confirmed. That was a lot of money for me
And that's really sucked, you cannot sell now those junked tokens inside your wallet, seriously this fees
is really pain in the ass. The only option if you don't want to pay this high fees is to keep your assets and
forget about using this chain for a while.
It is unbelievable how the gas price keeps going up none stop, and the worst part is most project are on the Ethereum network which means whether we want to or not we have to pay this high fees to make any transaction, and it seems this will go on for some time before things will go back to normal (i.e if they will ever will).
Agree with you, the gas charge becomes too high compared to before. I still remember a while ago I only needed $ 0.2-0.5 per transaction, but now I have to pay $ 5 for the transaction to be confirmed. That was a lot of money for me 
It is unbelievable how the gas price keeps going up none stop, and the worst part is most project are on the Ethereum network which means whether we want to or not we have to pay this high fees to make any transaction, and it seems this will go on for some time before things will go back to normal (i.e if they will ever will).
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.
The rise of uniswap alongwith the defi craze has proven to be troublesome for ethereum network as we are now experiencing never seen before gas charges and delays in transactions. Some users are also reporting long delays and cancellation of transactions. With a positive and hopeful attitude we still hope ethereum will come out of this but immediate action is required from the responsible people. 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.
I also believe it will never go down, except that Defi becomes a scam and is no longer popular in this market. That is the only way that ETH's Gas drops back, btw I'm amazed that it took more than $ 10 to make 1 transaction yesterday.
Can’t do business with Ethereum nowadays, no way that I’m going to pay such high fee’s and feels like you’re being robbed. Ethereum team should fix this mess, I recall Vitalik said in an interview that
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"The Internet of Money should not cost 5 cents per transaction. It's kind of absurd" -Vitalik Buterin
but what is happening now is insane. Its just unbearable and it’s hindering business to grow specially that we are in bull season.
One of the worst things about the gas fee surge is that we are missing out on the investment opportunity from the projects that are currently trading on uniswap. IMO paying $50 on the transaction fee is not feasible. If I am not wrong even BTC is a lesser transaction fee right now.
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.
Do you think 1ETH will worth more than $500 at any time in 2021? Just curious.
This has advantages and disadvantages, with that of course Ethereum slowly rises and is very profitable for those who hold Ethereum but the shipping costs will be more expensive and this can make several sectors affected. Like exchanges that have to always adjust their Ethereum withdrawal fees, bounty managers who have to postpone distribution and also bounty hunters who can't sell tokens or don't get tokens of their work on schedule.
This has a very big effect on transactions, usually I use ETH to make withdrawals to local exchangers from outside exchangers but now I think twice because the costs are arguably expensive and also the transaction speed is slow as you sayit seems that slowly ETH will be like bitcoin where the transaction fee will be even and the transaction speed has decreased drastically
I think it's vital to tackle this immediately because almost 80% (in my opinion) altcoins are on ETH or ethereum blockchains
This has advantages and disadvantages, with that of course Ethereum slowly rises and is very profitable for those who hold Ethereum but the shipping costs will be more expensive and this can make several sectors affected. Like exchanges that have to always adjust their Ethereum withdrawal fees, bounty managers who have to postpone distribution and also bounty hunters who can't sell tokens or don't get tokens of their work on schedule.
let's wait until Ethereum 2.0 are ready then,
hope they will improve their high gas issue and everything
When you see that the transaction costs or gas that is usually used to deliver ethereum are too large then it is very reasonable because ethereum has high prices and ethereum also has high demand so it will make shipping costs go up, if you want to make gas costs go down then ethereum prices must can be cheap means ethereum prices should not be expensive. hope they will improve their high gas issue and everything
when going to sell a coin which is worth $ 35 and costs $ 35 dollars too so what i got,
keep for longer the coins I'm going to sell in the hope that GAS costs will come back down, maybe that's what I can do.
keep for longer the coins I'm going to sell in the hope that GAS costs will come back down, maybe that's what I can do.
let's wait until Ethereum 2.0 are ready then,
hope they will improve their high gas issue and everything
hope they will improve their high gas issue and everything
IMHO, This monstrous transaction fees increases have negative effects on the Ethereum network, because many users and projects were already affected by these sudden rises of TX fees let Ethereum know that they are not only the sole smart-contract provider some are already considering TRX, Credits and many more so If this greed will not stop I believe Ethereum will lose some of its users including some projects that using its ERC20 tokens.
Today's GAS is so crazy, I thought it would slowly go down but in fact it keeps going up. I wanted to send ethereum yesterday and was surprised to see what it costs to pay for GAS. ethereum is no longer crypto with low fees. you know 400 GAS per transaction is a high amount. when ethereum was at its highest, GAS price did not reach more than 400. but at this very strange time.
Don't worry about gas price staying high forever. The eth price is high because of the bull market. It wi go down when the trading volume reduces.
With the way things are going, the defi hype is real and i don't see the volume going down soon except something happens that may clamp down the price. It's all turn by turn and all happening in Uniswap exchange. Haven't you noticed recently that whenever yf1 surge, that's when ethereum gas fee use to increase, this is making many loose interest on ethereum adoption.
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$, this is ridiculous. Currently , I prefer the trx network.
I also want to prefer the trx network .The way the gas fees increasing it is so tough to make any transaction .I did send 20$ yesterday and it cost 2.96$ gas fees it will so tough if the team don't work on it. 
This has happened before every time the ETH market is going well and unstoppable. The Gas fees have reached to some point that you will never think of using ETH again. I have experienced last 2018 when I sold some of my shit tokens and it cost the gas fee almost the price of my sold tokens. I mean, that was hilarious! right now, we are experiencing the same event but this will not last forever after the price will fall again. But we don't know if the price will decrease again and if the price will still increase then the Gas fees will reach its All-time high as well. isn't it?
Just imagine if Ethereum reach 1000$ the gas fee will be unbearable, that's why I believe it's never going to happen unless the 2.0 upgrade is released right now, I wish Ethereum team have already saw this coming and speed things up with eth 2.0
It has already been imagined by everyone and you should also know that Ethereum tokens have reached prices above $ 1000 at the end of 2017 to early 2018, and the gas costs also tend to be stable and never even as high as they are today, so regarding the gas problem that high does not affect the price of a token, but on other things that we do not know for sure. 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$, this is ridiculous. Currently , I prefer the trx network.
You are not the only one with this kind of issue it's the complaint of majority of traders and investors and investors are watching and waiting when things will go back to normal I'm using Doge and Banano Litecoin to trade to my local currency, I cannot even buy something online with my Ethereum, but I will never abandon Ethereum no way not at this point in time.
Don't worry about gas price staying high forever. The eth price is high because of the bull market. It wi go down when the trading volume reduces.
that's a problem for all ethereum network users, GAS that is unreasonable and too high many complain about all this, I saw that one of the exchangers was raising ethereum fees so many users have complained if this keeps happening then I'm sure will fewer ethereum users
Just imagine if Ethereum reach 1000$ the gas fee will be unbearable, that's why I believe it's never going to happen unless the 2.0 upgrade is released right now, I wish Ethereum team have already saw this coming and speed things up with eth 2.0
Yeah Defi keeps dominating and the Uniswap made the transaction that is happening significantly higher in number. People should not expect the fee to experience significant decrease anytime soon because the main reason of fee increase which is uniswap still gaining momentum and probably the fee gonna increase several fold in the future. It is time for Ethereum to find its way solving the problem because this platform gonna have massive traffic in the future.
I tried sending tokens worth 490$ and the transaction fee was 34$, tell me how will I proceed? I'd rather leave the token and stop making miners rich, only Ethereum miners are getting all the glory presently and that's why Eth mining is very profitable right now
Ethereum 2.0 needs to be implemented right now for Ethereum to go higher, if gas fee keeps getting in the way it won't be easy for investors to get around Ethereum, many will exit for Tron and neo as better options available, this is insane.
With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as the DEFI market continues to dominate.
With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.
if the gas of ETH will never go down then I don't think people will continue to support their platform many project will use alternative that they think will make it easier for them to transfer tokens. They need to fix it or else many ETH will be wasted for gas fees I see there are time that persons need to pay almost worth 30$ for gas fees and that's not a good sign for the people that only have small amount to send to other wallet address.
I think so, it's already pumping 
It is difficult to say so far what will happen with the transaction prices of tokens on the Ethreum blockchain, but as long as the price of Ethereum continues to grow, at the same time the price of transactions will also rise, so we must hope that Ethereum 2.0 will somehow correct this situation.
The scalability solution for ethereum will not come this year and the core developer of ethereum is still testing it right now. It may come next year and with this defi madness on uniswap and I believe if the tx fees will be going so crazy. I just pay $35 for a single tx to buy kimchi and that's the worst thing that happened in ethereum blockchain.
We must be patient for the next year. The gas fees will never go down again.
We must be patient for the next year. The gas fees will never go down again.
Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH.
Exactly, the gas fee of Ethereum currently is ridiculous. How will people be able to transfer their tokens if they are required to pay over $20 for tokens which might be worth $50 or $100. If the gas fees do not drop, a lot of projects might leave the ethereum blockchain platform and network.
Samething happened during the era of ICO hype and now it is here again because of Defi and owing to high transactions taking place thus I believe it will come down, also with ETH 2.0 on the way or rather coming up soon, there is much more to expect of the Ethereum blockchain in the near future. But something still stand, even with the high fee, people still not mind but continue with whatever they are doing with Ethereum.
Nevertheless, Defi hype will soon take a different turn thus stopping gradually, this is because anything about hype doesn't continue, there is always a time it will stop for others with more viable features to take over the hype and the circles continues as well.
Nevertheless, Defi hype will soon take a different turn thus stopping gradually, this is because anything about hype doesn't continue, there is always a time it will stop for others with more viable features to take over the hype and the circles continues as well.
It is actually about to happen again. ETH is gaining momentum and growing almost every time I see it. Although, the increase in price started in about some days ago. At this stage that Ethereum is and with what I envisage, we might begin to pay as much as $50 for transfer of coins on Ethereum network.
I have the same thought with you, in my analyzation if that will be so difficult for the gas price to go back again to the bottom. There are some reasons for that
1. When people have done to trade in the defi A and then people will be jumping to the defi B, this makes the network has no chance to get the empty room to decrease the gas fees
2. If the bearish trend will be happening and people will actually put more and more tx fees to make their tx gets delivered instantly
The network will stuck at this place.
1. When people have done to trade in the defi A and then people will be jumping to the defi B, this makes the network has no chance to get the empty room to decrease the gas fees
2. If the bearish trend will be happening and people will actually put more and more tx fees to make their tx gets delivered instantly
The network will stuck at this place.
The current ETH fees is just so annoying, sometimes I spend between 7$ to 15$ in a transaction. The worst is when I'm on Uniswap, the swapping fees are insane lately. I was charged 8$ for sending out a token worth just 21$. I do not totally agree with OP that ETH fees may never come down, let's hope ETH 2.0 final stage brings a change.
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.
No doubt situation is not good as far as the gas and fee are concerned, even the smaller transactions are charged big fee which just kills the purpose and concept of using cryptocurrencies, it was perhaps the other way round but lets hope ethereum network will come out of this congestion soon and we will be free to use and transact as our liking. 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 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.
Not true at all, even if we accept the premise that the DeFi coins will keep goin up in value at some point those that are developing such coins will come to the conclusion that it is in their best interest to develop their project on other blockchains or create their own independent blockchain, after all it is not as if ethereum is the only coin where you can create DApps, this in return will lower the demand for ethereum and will lower its price and the cost of their transactions, so it think it is too naive to think that just because the fees are very high there is no way for this to change in the future. 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.
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.
Its hard to abandon good technology like ETH but they should fix the fees so everyone can afford to transact as much as possible and if not, then people will start looking for alternatives just like that trx network.The increase on price of ETH affects the gas fees and of course the volume of DeFi projects affects the fees as well. Well, even if it hurts to pay the fees we have no choice but to transact so we can earn more and cover that huge fees. ETH must be working on this now and make cryptocurrency more affordable to transact anytime, anywhere.
Gas fee for ETH is now being a common problem for all, moreover most tokens are based on ERC0. Sometimes, I feel like going to laugh when going to transfer title mount token and need to pay high fees more than $3. Well, this time, it is still good to hold it until the gas fee is decreasing. But, how if it will never decrease again? We can't do anything but just following the ways. It should follow how they make it and how the gas fees should be spent. And when I have no idea, just spend it for a high gas fee. No problem and consider that this is what we must pay to get our money.
But honestly, I really hope that the gas fee will decrease.
But honestly, I really hope that the gas fee will decrease.
End era for a token ~LOL.
I see this feels bad for bounty hunter and a lot cheater who sending their token earning ~LOL, 1tx need at least around 10-20$ with that's number money bounty hunter should be high. I think this is the era of ERC20 Token XD, thanks for DeFi because make the fee increase. Just the matter of time, soon we will reached 1000 Gwei fee transaction because the hype.
I see this feels bad for bounty hunter and a lot cheater who sending their token earning ~LOL, 1tx need at least around 10-20$ with that's number money bounty hunter should be high. I think this is the era of ERC20 Token XD, thanks for DeFi because make the fee increase. Just the matter of time, soon we will reached 1000 Gwei fee transaction because the hype.
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
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 $15, is that balance at all?
This is opportunity for other competitors to displace ethereum with this huge gas fee.
This is similar to 2017 ICO maniac
This is opportunity for other competitors to displace ethereum with this huge gas fee.
This is similar to 2017 ICO maniac
Déjà vu.
When ICO's are hyped we also saw how the price of Ethereum transaction fees went up.
Which is because, most of their primary method of payment is ETH.
The hype will calm down. It always will and fees will go back to normal. No doubt about that.
When ICO's are hyped we also saw how the price of Ethereum transaction fees went up.
Which is because, most of their primary method of payment is ETH.
The hype will calm down. It always will and fees will go back to normal. No doubt about that.
Every one keeps talking about Tron, I believe that the reason why Tron gas fee is cheaper is because the coin is still cheaper itself, it's same thing for Doge coin or litecoin too, just imagine if one trim coin costs 500$ wont the gas fee increase?
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$, this is ridiculous. Currently , I prefer the trx network.
The only game changer is the upcoming ETH 2.0 that I believe will bring cheaper transaction fee that what we currently have now but I don't know what day or time the upgrade will commence, let's all have patience and wait
Positive!!!, its a clear prediction. I'll go with your preference of TRX too, I still prefer the TRX network to Polkadot.
Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.
trx is good, but I prefer polkadot because the cost is cheap same as trx, and the transaction is fast and don't forget that polkadot token trend is better than the trend token using trx blockchain, and this eth gas problem seems to be final and to expect gas to fall is with ethereum v2 which will be released next year.
Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.
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.
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