Defi projects are surely the reason for the increase in gas fee as a result of DEX trading. I equally fee some miners may be bombarding the network with unscalabe transactions in other to get more result. This is the major issue with ethereuem ecosystem hence ETH2.0
If you are checking the ethgasstation carefully and it was enough to answer this question as uniswap has already become the main problem that makes the fees getting so high. Most of the defi tokens were traded on the uniswap and people were also actively using uniswap to trade the defi tokens used very high fees. 
Topic: is defi reason for skyrocketing fees? - page 3. (Read 416 times)
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
DeFi both creates the demand for transactions itself and boost Ethereum's price, which also creates demand for transactions. When Bitcoin sees a big price action, it also sees a jump in fees, because traders move coins in, out and between exchanges, and since they deal with thousands of dollars of value, paying $5 is a no big deal for them.
If your transactions can wait, try to wait for the calmer periods on the market, it usually happens on weekends.
If your transactions can wait, try to wait for the calmer periods on the market, it usually happens on weekends.
Defi projects are surely the reason for the increase in gas fee as a result of DEX trading. I equally fee some miners may be bombarding the network with unscalabe transactions in other to get more result. This is the major issue with ethereuem ecosystem hence ETH2.0
I'm pretty sure that defi is the main reason for the increasing etherum network fees.
The Defi hype brings out new projects every day and most of them are ethereum tokens.
So for the sake of the whole DeFi thing i really hope that ETH 2.0 comes out soon and removes the scalability problems that we see at the moment.
The Defi hype brings out new projects every day and most of them are ethereum tokens.
So for the sake of the whole DeFi thing i really hope that ETH 2.0 comes out soon and removes the scalability problems that we see at the moment.
There are lots of projects launching these days and of such as DeFi projects, which seems to be the most common and that is why it could to be attributed to Defi. However, I do not agree that it is mainly on Dedi projects, but on DEXes.
Most platforms that are DEX-like are the main cause of the high gas fee. Using them for travsctkns, most especially in situations where there is gas front-running, it tends to cause more increased gas fee on the network.
Most platforms that are DEX-like are the main cause of the high gas fee. Using them for travsctkns, most especially in situations where there is gas front-running, it tends to cause more increased gas fee on the network.
I think it's not the Defi's fault only because if we look and check it on Etherscan it will reveal that UniSwap, Tether and Forsage are the top 3 Gas Guzzlers including some of the Defi platforms too thats why Defi is not the only reason why transaction fees are skyrocketing but some Defi platforms are part of it.
combination of several factors so it's not only DeFi that is currently contributing the increase in gas fees. now, i am wondering if eth 2.0 can resolve this current bottleneck? and i think they should do something about it. else, it is not good for other projects to build under eth network anymore. they will find other blockchain that will cater they needs without troubling their customers with unreasonable fees.
DeFi can be the reason for increasing Etherium network fees, the fees in increased after the Ethereum upgrade 2.0 before upgrade the fees were very low and after upgrade also increased the demand of ETH due to staking rewards I think Ethereium network fees are increased so that can be pay to miners high reward for their mining ETH.So people are switching to TRON and other blockchains for their projects due to high fees.
One way to avoid being subject to high ETH gas costs is to use a platform other than the ETH platform, for example, such as TRX, XRP and LTC and XLM, because the four platforms I mentioned have very low transaction costs, never even the same high. very, but we also have to always monitor the development of gas costs on ETH because I saw two days ago the gas costs have started to decrease from the current gas costs, and to monitor this I will provide two very useful links for you:
1. https://ethgasstation.info/
2. https://etherscan.io/gastracker
Your solution would only work for those people who are using ethereum network because of its lower fees for sending their money in Crypto to different addresses, but what about those who are already having their money saved as ethers and want to move it, they surely have to pay the fees, one thing I have seen is that many a times the average transaction fees also makes your transaction included in a block which is mined in maybe 2 to 4 hours from time of your transaction which can be decent if you don't need your funds sent to the destination address urgently. 1. https://ethgasstation.info/
2. https://etherscan.io/gastracker
I think it's not the Defi's fault only because if we look and check it on Etherscan it will reveal that UniSwap, Tether and Forsage are the top 3 Gas Guzzlers including some of the Defi platforms too thats why Defi is not the only reason why transaction fees are skyrocketing but some Defi platforms are part of it.
This is a normal occurrence not just with Ethereum (ETH) but even with Bitcoin (BTC).
When the network is clogged with so many transactions lining up, the competition will be high. It is therefore normal that other users would be very willing to pay higher fees for their transactions so that they will be prioritized over those who are paying the minimum or a little higher than that.
Defi could be one of the reasons. Another possible reason is that the price of Ethereum (ETH) has been rising these past few days. It fell down lower than $400 but that was very quick. It exceeded $400 again.
Also, if there is a significant price increase, the tendency is that the network would become busier, thus resulting to a clogged network which also results to higher fees, that is, if you want your transaction to be confirmed earlier.
When the network is clogged with so many transactions lining up, the competition will be high. It is therefore normal that other users would be very willing to pay higher fees for their transactions so that they will be prioritized over those who are paying the minimum or a little higher than that.
Defi could be one of the reasons. Another possible reason is that the price of Ethereum (ETH) has been rising these past few days. It fell down lower than $400 but that was very quick. It exceeded $400 again.
Also, if there is a significant price increase, the tendency is that the network would become busier, thus resulting to a clogged network which also results to higher fees, that is, if you want your transaction to be confirmed earlier.
Yes, traders are constantly on the trading block and billions of money flowing on the network, causing the fees to go and spike. Is it good? well it depends, it could mean that there are liquidity on the market as volumes go up and its a bullish indicator? However, we are going to suffer in the long run if the fees are going to increased day by day, it will have a negative effect specially for average joe's.
Is this permanent and how long will this settle, for so many months I had my transactions all in Ethereum and Bitcoin but now I have to look for a better alternative, this is the time that other altcoins will since because of this big increase on the gas fee.
I don't think it is DeFi is the reason for skyrocketing fees. It is the design of the ETH fee system that makes the fee skyrocket. DeFi would probably made the ETH in demand that created so much transaction but if the system were created not to be affected by the number of transaction being done, then the fee won't skyrocket. Blame the high fee to those greedy developers who designed fee system that way and not the DeFi project being popular.
its right Defi project's hype create huge demand and also make network traffic in ethereum skyrocketing. much people didnt want to miss best price in uniswap so they set gwei in high amount and it repeated by other people till finally network only confirm transaction with high gas. if we know in ethereum network , each transaction with high fee will confirm first . its be already system in eth blockchain and be main problem now.
Yes, I am pretty sure of it. These DeFi contracts requires a lot of gas limit like 200k or more plus the gas price now is 170 gwei more or less. Unlike normal ethereum transaction wallet to wallet only requires 21k gas limit. It is a war on GAS price some traders on uniswap wants their transaction to be executed first so they are willing to pay a higher gas that is why it keep getting higher and we have a lot of defi platforms now if you combine them they will clogged the ethereum network.
I was a bit worried from last few days regarding the high gas fees because I've to pay 10 to 15$ per transaction, that's a huge amount for me as fees, so I started my research regarding the gas fees, and found that defi is the only reason that makes the gas fees that high ,due to the huge trend of defi it makes the ethereum network so much busier that we've to pay more than usual for gas fees ,what you think about it ,help me understand current situation for being so high fees.
It was obviously one of the main reasons because of a lot of transactions going on related to defi as well as their tokens caused congestion in the ethereum network that resulted in high transaction fee while if you traded on swap platforms like uniswap then one reason was comission which they are charging to pay liquidity providers. 
Yes it is part of the reason why the fees are high. But don't let them take all the credit with that.
The demand increases and everyone is transferring combined with the fomo of defi and pos.
The demand increases and everyone is transferring combined with the fomo of defi and pos.
Someone earns a lot more and they probably don't care about the price of gas, they earn a lot more, but I think part of this is the fault of the developers, who should have done something with this situation a long time ago.
Yes it's DeFi. If you can't handle the fee right now, you better avoid ETH for now because I find Ethereum fees lately too absurd to trade anything even if investing in DeFi projects looks promising. Or you can wait for Eth 2.0 and hope that it will fix or lessen transaction fees.
There are ways to avoid this though by using centralized exchanges that handles DeFi or any other projects that is base on Eth since fees there are different when trading.
There are ways to avoid this though by using centralized exchanges that handles DeFi or any other projects that is base on Eth since fees there are different when trading.
I was a bit worried from last few days regarding the high gas fees because I've to pay 10 to 15$ per transaction, that's a huge amount for me as fees, so I started my research regarding the gas fees, and found that defi is the only reason that makes the gas fees that high ,due to the huge trend of defi it makes the ethereum network so much busier that we've to pay more than usual for gas fees ,what you think about it ,help me understand current situation for being so high fees.
for now, it is better not use blockchain ethereum because of the cost of expensive gas will be long and will drain ETH if it continues to use ethereum for the transaction will be burdensome costs as gas prices continue to rise until the current project Defi really makes the cost of expensive gas that makes all things very difficult to send ethereum to exchange a need for quite a long time and high cost of gas that I decided to not use ETH for now.
DEFI is partly the reason for high fees on ETH transactions, especially from uniswap. Yesterday I tried swapping my ETH to a token CORN, the tx was so high almost 8$ for a small tranaction. I thought ETH fees dropped by 80% as news had it, what happened after? I believe and hope ETH 2.0 final launch curbs this fee issues, it's annoying. Crypto is supposed to boast of low fee tranactions, this high fee is opposing that notion.
Jump to: