Yes, Defi is one of the biggest causes of gas costs, because blockchain demand is getting denser, besides the increase in Ethereum prices itself is also one of them. because some investors buy Ethereum to hold until 2.0 launches
This is we experience the skyrocketing fees since people are more to invest in defi projects that had caused for the slow transactions. The network congestions lately that makes the fees high, and of course the ethprice indeed, imagine many people are doing transactions daily because of this decentralized finance projects. Even in social media, this defi is lurking around. 
Topic: is defi reason for skyrocketing fees? (Read 434 times)
Yes, Defi is one of the biggest causes of gas costs, because blockchain demand is getting denser, besides the increase in Ethereum prices itself is also one of them. because some investors buy Ethereum to hold until 2.0 launches
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.
DeFi is not partly a reason why transaction fees are high during these time, because DeFi is the major reason why we are experiencing a high transaction fees on the network. Decentralized Finance projects are mostly running under ethereum network making tons of transactions everyday would cause the network to run slow and define a higher transaction fee. Investors are being hyped by this projects, they don't look that promising though but the quick money you can gain from it is massive creating another speculations for small time investors getting tons of investment and skyrockets. Crypto is supposed to boast of low fee tranactions, this high fee is opposing that notion.
It seems like Vitalik isn't ready of this, I think he did not see this coming to ethereum but it is what it is now, we all should look up to upgraded version of ethereum. He said it would be better to have that, faster transaction and lesser fees. 
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.
Your research pretty much sums up why the Ethereum network fees are so ridiculously high. The fact that you paid ~ $15 for your transaction isn't too bad.
I've even witnessed having to pay up to $80 - and that's painful.
So why are the rates so high, well is to do with the regular and crazy pumping of the DeFi based coins which clutters up the network so a lot more work needs to be done onto the blockchain to process your transaction.
Yes, you can check here what is the most used smart contract on Ethereum platform: https://etherscan.io/topstat#OverviewDay7. One of them is UniSwap and Tether, so yes, we can say that decentralized finances and tokens pegged to American dollars are responsible for the higher fees because they overwhelm the Ethereum network.
I was a bit worried from last few days regarding the high gas fees because I've to pay 10 to 15$ 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.
DeFi is definitely the reason for skyrocket of fees. When you check eth gas station.. Every thing related to DeFi is always at the top. Especially uniswap.
Even uniswap is the greatest gas sucker of all time.
I see a lot of people saying the reason for the increase in gas costs, is due to the DeFi hype. The reason for this is certainly still reasonable, because most DeFi still use the ethereum blockchain. So that costs continue to rise and it is even difficult to wait for them to fall back down. Therefore, one of the steps to avoid high fees is to use the TRON blockchain or the like.
most DeFi projects use Ethereum...The high transaction rates for almost all DeFi projects have made Ethereum's gas fees go up, I always track Ethereum's gas fees because there are tokens that I want to sell but at this time the gas fees are still very high, for low gwei have to spend $ 3.
I see a lot of people saying the reason for the increase in gas costs, is due to the DeFi hype. The reason for this is certainly still reasonable, because most DeFi still use the ethereum blockchain. So that costs continue to rise and it is even difficult to wait for them to fall back down. Therefore, one of the steps to avoid high fees is to use the TRON blockchain or the like.
I am also a bit worried about the increasing of the gas fees . It's too high at the moment do a movement between wallets. I think that it's only for the defi reason, after this period probably everything will go back to the normality as some months ago.
maybe the ethereum developer has already realized this problem and himself made ethereum 2.0 I think to provide a solution to this problem, so maybe the cost of gas will be lighter and faster. I hope ethereum 2.0 can have a high price but have low gas costs.
I think DeFi is one of the main reason that ethereum gas is soo high.I have never seen such a gas fee.You have to use Gwei 500.Its still unbelievable.And we are all suffering because of that.And Because of the DeFi trend ethereum's gas fee is increasing.Most DeFi coin is listing on Uniswap.And all wants their transaction to go fast.And they are using more gas fee and that's way gas fee is increasing.If you pay high gas fees to transfer or trade your coin in Uniswap or other exchanges ,then miner wants more fees.The more you pay, the fees will more increase.And because of DeFi coins updown price more and more transaction are running.I think vitalik should do something to stop such a mess.
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 am pretty sure that this surge in transaction will not be permanent. Things will go back to normal once ETH 2.0 will be officially release so for the meantime just hold it longer, don't make any transaction as much as possible. Due to hype of DeFi there's a lot of transaction are occuring that causes congestion upon the network. And I am pretty sure things will be sort out after this period.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 am pretty sure that this surge in transaction will not be permanent. Things will go back to normal once ETH 2.0 will be officially release so for the meantime just hold it longer, don't make any transaction as much as possible. Due to hype of DeFi there's a lot of transaction are occuring that causes congestion upon the network. And I am pretty sure things will be sort out after this period.
Defi is now kind of punishing the investors and traders and you can check that especially on uniswap. So the situation now is that although many investors have made good money out of all this rush but small to medium traders are struggling badly because all their profit is being lost in high fee.
Well, for ethereum it really is. Looking at the situation right now, that is the most thing people use ethereum blockchain for lately, obviously the DeFi scene realized this and moving towards other blockchains as well but the most credible one has always been the ETH chain so they still continue with that.
Just start of the 2020 we had over a billion dollars in there, that means a ton of new money coming in an out exchanging hands and that obviously skyrocketed the fee's, how could it not. We didn't had this extra billion dollars so it wasn't ready for such a thing. However good thing about ETH blockchain, since that crypto kitties time we actually improved a lot and it could actually sustain this, it will just take some time to get used to it and for hype to die down a bit.
Just start of the 2020 we had over a billion dollars in there, that means a ton of new money coming in an out exchanging hands and that obviously skyrocketed the fee's, how could it not. We didn't had this extra billion dollars so it wasn't ready for such a thing. However good thing about ETH blockchain, since that crypto kitties time we actually improved a lot and it could actually sustain this, it will just take some time to get used to it and for hype to die down a bit.
I am also a bit worried about the increasing of the gas fees . It's too high at the moment do a movement between wallets. I think that it's only for the defi reason, after this period probably everything will go back to the normality as some months ago.
I think so, a lot of defi tokens are traded on DEX and this makes the fees go up because people want fast transactions, the bigger the fee the faster the transaction is processed.
There are at least two threads already who discussed as your concern, you check one by one
1. https://bitcointalksearch.org/topic/eth-gas-transactions-price-is-about-to-hit-300-5268428
2. https://bitcointalksearch.org/topic/the-ethereum-gas-fees-5258496
An old problem, so you have to thinking before you create a thread, I mean you can check the search feature to make sure the issue has been disscussed or not.
1. https://bitcointalksearch.org/topic/eth-gas-transactions-price-is-about-to-hit-300-5268428
2. https://bitcointalksearch.org/topic/the-ethereum-gas-fees-5258496
An old problem, so you have to thinking before you create a thread, I mean you can check the search feature to make sure the issue has been disscussed or not.
The reason is that DEFI projects are being traded on DEX platforms being hunted by people, uniswap's transaction volume surpassed $ 400 million yesterday and surpassed even coinbase. On an exchange where people find a way to own tokens through Pre-sale at the best price, the competitiveness is very high and they are willing to spend a lot of GAS fees to quickly own tokens. I hope in the future Ethereum will optimize this problem.
The problem is those who have been trading at the uniswap wanna make their tx to be delivered as fast as possible through increase the fees to make their tx to be included into the fastest block.
The pre-sale was not giving a lot of contribution to the increase of tx fees in ethereum network.
Ok, I got the point.
When bitcoin reached ATH back then in 2017 the fee is astronomically high that people switched over to alternative coins. I guess that's always the problem with blockchain and the system need some kind of solution to that.
The reason is that DEFI projects are being traded on DEX platforms being hunted by people, uniswap's transaction volume surpassed $ 400 million yesterday and surpassed even coinbase. On an exchange where people find a way to own tokens through Pre-sale at the best price, the competitiveness is very high and they are willing to spend a lot of GAS fees to quickly own tokens. I hope in the future Ethereum will optimize this problem.
The problem is those who have been trading at the uniswap wanna make their tx to be delivered as fast as possible through increase the fees to make their tx to be included into the fastest block.
The pre-sale was not giving a lot of contribution to the increase of tx fees in ethereum network.
Ok, I got the point.
Defi and uniswap caused fees like this and no one know when this will be fixed....
The network itself will be recovering the network fees. If the traffic will be less and then the tx fees will be reduced too caused by how much the tx fees depends on the how big the traffic in the network. More people more transaction and more fees.I think that this is a basic knowledge
Without DeFi, fees on Ethereum network rises and falls at different period. Fees often rise when ETH transaction number increases (when price is pumped or dumped). Another thing can contribute to fee rises on Ethereum network is sudden growths of dapps on Ethereum network like Cryptokitties in 2017 and recent months we have DeFi projects.
ETH/ERC20 - Check and select good Gas price
ETH/ERC20 - Check and select good Gas price
It is, as we can see that the most contributor of the gas fee on Ethereum are Uniswap project and USD Tether.
The solution should be provided so that the fee won't make people afraid to using DeFi platform and pay the gas fee.
The solution should be provided so that the fee won't make people afraid to using DeFi platform and pay the gas fee.
Defi and uniswap caused fees like this and no one know when this will be fixed....
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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.
It's not just due to DeFi alone, the price also affected due to BTC price that affects ETH value too whenever BTC changes in price or have some phmp. But mostly now that almost all DeFi projects bring too much traffic in the system, it causes too much demand that requires a higher fee to process. ETH 2.0 should be developed as well these time or better earlier before more DeFi projects came in, we see DeFi continuously to get attention from investors and it also affects the old coins or token long listed to have some transactions too.
Uniswap V2 and Tether USD lead in terms of commissions to date.
It only says that trading volumes on decentralized exchanges are growing very strongly.
Many people start bragging about easy profit on social media
https://twitter.com/i/web/status/1297068546023993349
I am convinced that now the commissions are not the highest and their cost will grow.
It only says that trading volumes on decentralized exchanges are growing very strongly.
Many people start bragging about easy profit on social media
https://twitter.com/i/web/status/1297068546023993349
I am convinced that now the commissions are not the highest and their cost will grow.
The reason is that DEFI projects are being traded on DEX platforms being hunted by people, uniswap's transaction volume surpassed $ 400 million yesterday and surpassed even coinbase. On an exchange where people find a way to own tokens through Pre-sale at the best price, the competitiveness is very high and they are willing to spend a lot of GAS fees to quickly own tokens. I hope in the future Ethereum will optimize this problem.
The problem is those who have been trading at the uniswap wanna make their tx to be delivered as fast as possible through increase the fees to make their tx to be included into the fastest block.
The pre-sale was not giving a lot of contribution to the increase of tx fees in ethereum network.
Normally, the gas fee increase when the blockchain network become congested. Currently defi is trending and it is a huge hype that makes the network getting congested so in this case defi is contributing to the reason why the transaction fee is high but also any time the price of Cryptos is getting high, the transaction fee too become high irrespective of defi or not.
I think we've been through the same experience and a lot of us are also affected by it.
If you are really in a hurry to use Ethereum then yes, you will need to go on higher amounts to get the right speed of your transaction.
But if not, there is always the other option. Cheap but slow. It could take a day.
Another recommendation is to look for another coin that is available for buying DeFi coins. If XRP is available then use that. Way cheaper but you may have to pay for the exchange, trading it to XRP.
If you are really in a hurry to use Ethereum then yes, you will need to go on higher amounts to get the right speed of your transaction.
But if not, there is always the other option. Cheap but slow. It could take a day.
Another recommendation is to look for another coin that is available for buying DeFi coins. If XRP is available then use that. Way cheaper but you may have to pay for the exchange, trading it to XRP.
What more could be the reason for this? Uniswap as the main ecosystem of defi projects are massively using their platform and we can see why the fees rise and this time is longer than expected.
10 - 15$ fee is huge, so if you are gonna trade some tokens make sure your trades will be worth it cause imagine the fee on each trades. Youll be needing to trade with a high additional fee if you are gonna used uniswap. Damn eth, come on Vitalik can you process fast the eth 2.0 which shoe the fee is near zero.
10 - 15$ fee is huge, so if you are gonna trade some tokens make sure your trades will be worth it cause imagine the fee on each trades. Youll be needing to trade with a high additional fee if you are gonna used uniswap. Damn eth, come on Vitalik can you process fast the eth 2.0 which shoe the fee is near zero.
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.
Yeah the transaction fee is terrible, the token swap projects should automatically send new coins to holders because transaction fee for manual swap is very high. I had two old tokens which needed swapping to new ones, yesterday i was free so thought of doing that, so i had around $27 worth of tokens when i tried to swap to new tokens it asked me $11 worth of eth and then i tried the other one and the fee was similar so i had to drop the idea to swap because of the high fee and small amount of tokens. DeFi is a part but not entirely DeFi's fault here too but don't forget that Ethereum 2.0 is another reason why many whales are buying Ethereum and storing presently, staking on ethereum blockchain would be awesome isn't it?
indeed, DeFi's existence is not 100% the main cause of the increase in GAS in Ethereum, but the hype that occurs is triggered by the skyrocketing popularity of DeFi as a new model in the world of crypto, especially financial. We do not...and I am sure, this phenomenon will not last as long, because there must be something new that is more interesting than DeFi
DeFi is a part but not entirely DeFi's fault here too but don't forget that Ethereum 2.0 is another reason why many whales are buying Ethereum and storing presently, staking on ethereum blockchain would be awesome isn't it?
The two are the biggest contributors why we have this very high fees and people are looking for alternative coins in place of Ethereum because traders cannot cope up with the very high fees, this is the time that other coins will shine because of Ethereum's congested network, the last time it happens was the Crypto kitties hype and here we go again but this time it will take some time for this to get fix.
With the demand of DeFi right now, it's one of the reasons why gas fees are so high and cost too much to send tokens on Ethereum network that what makes it more congested especially wherein everyone uses uniswap to exchange DeFi tokens and such. We might not see the downfall of gas fees anytime soon because of many transactions are stacked which means we have to deal with it and spend more gas fees more often to succeed our transactions.
People were actively exchanging their defi token on the uniswap and that makes some people must have paid a higher fees to make their transactions to be included in the priority transaction by the block to be verified. WIth the growth that happened with DEFI and i believe this is caused by defi consider the daily volume trade of defi was also getting centralized on uniswap too.
The reason is that DEFI projects are being traded on DEX platforms being hunted by people, uniswap's transaction volume surpassed $ 400 million yesterday and surpassed even coinbase. On an exchange where people find a way to own tokens through Pre-sale at the best price, the competitiveness is very high and they are willing to spend a lot of GAS fees to quickly own tokens. I hope in the future Ethereum will optimize this problem.
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.
You probably heard of defi hype on news or even here on this forum.So eth miners are just not capable of maintaining this much of transactions, this lead to fees getting higher.
Transaction fees are not as bad as exchange fees though, so I myself decided to settle everything down and make couple wise decisions instead of shorting
many of which cause fees to rise apart from DeFi, the trend on shittoken that is listed on Dex related to Defi also affects, not to mention the dapps trend, and there's nothing that can be done about the cost issue especially if you buy defi tokens on dex exchange the only way to save fee is to buy defi tokens on the cex market using cost-effective currencies such as litecoin, tron, doge and sell them to usdt or eth.
Actually the main reason is the uniswap activity. There are a lot of users whom trading there now. Yes defi could be the reason. Many new and old project has been trading there and even uniswap surpass the trading volume of coinbase pro. Imagine how big is the difference, its just show how demand of uniswap to every traders.
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.
I don't see this going to be fixed soon, many developers are now in the process of creating DeFi projects and once they launched it will be an additional burden for the Ethereum network, scalability is now a big issue. on a positive note, a lot of Ponzi scheme like Forsage are now on Tron
because of the fee.so we still going to pay huge fees.
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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.
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.
For sure, it is probably the only reason for those insane ETH transaction fees, especially the yield farming ones, people are locking insane amounts of their funds into them and clogging the network. I just saw that the "fast" transaction on ETH is 500+ gwei now (in MEW), its the highest I have seen so far this season.
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
1. https://ethgasstation.info/
2. https://etherscan.io/gastracker
DeFi is a part but not entirely DeFi's fault here too but don't forget that Ethereum 2.0 is another reason why many whales are buying Ethereum and storing presently, staking on ethereum blockchain would be awesome isn't it?
Yes, I would say it's one of the reasons. But even generally increase in interest and transactions are a cause for it. However, things tend to stabilise over time, so the high fees won't always be a problem.
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.
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