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i know its sound crazy but its really happend to ETH when i try to send my 0.01 eth to gambling website, im getting shock when see the ethereum gas price is about hitting 300 , currently if you want to get confirmed faster with ETH chain, you need to use 275 GWEI for your transactions is getting confirmated in 2 minute, tell me what are you gonna do with your ETH if you hold some, are you gonna sell and move to other altcoin like in 2017 when smartcontract are very popular with the kitty on ethereum chain?.

dont you think we are on same situations as 2017-2018 when the gas for eth is high people start move to litecoin & dogecoin which have small fee and the both coin getting very pump.

You are absolutely right. Due to a very high gas price, my few transactions are on hold at the moment. I am thinking to stay with ETH and move on once the gas price is lowered. But as you said, investments can move to other coins due to such high transaction fees by ETH.

The current gas fee is ridiculous, paying about $10 for a transaction is just way overboard. This needs a resolution asap else Ethereum will start losing investors

Well, there are various conclusions to this reason why the gas fee of Ethereum is quite high. There is a rumor that the reason is due to the Defi app that could lead to the Ethereum network congestion, --once the network was congested, the fee will be affected and the gas will increase that we think this is new for Ethereum and the miners are not capable to cover those loaded network. Perhaps this was the new ATH of Ethereum in volume 2.0, there is a huge fee just like bitcoin.

i use myetherwallet today to send some token
my fee is almost $8 so i try to use around $2 at first and it failed then i try $3
what i didn't realize is when the transaction failed the fee you use for gas will also be loss in the end i use $13 with one transaction
if the fee continue to rise many user will try to look for alternative
its not really good idea to use ethereum right now when the fee is high

that's why i said that im very shocked when im trying to send small amount of ETH but the fee is already exceeds the transactions value, the GWEI price its already hitting 300, most of user who use ethereum daily because of thier speed and fee is cheap a few month ago, i think they will definietly move to other altcoin like doge,trx,lite that having cheap and fast transactions compare with ethereum current situations.


nah, they will not lose investor but on the other hand, if you can see when ico is very trend on 2017 - 2018 , ethereum is very necessary to buy because most of those tokens are on ethreum chain and they Ethereum to send the token to investor, now the same thing happened in the DeFi era where everyone need ethereum to buy tokens at uniswap, I expect the price of ethereum to remain rising, perhaps ethereum will exceed the previous ATH.

I've delayed two of my past transactions because  sometimes fee is much higher than Bitcoin but it's not always the case and not all the times there are just times that Ethereum fee is very higher I would not not send my $10 for a $1.70 fee I would just wait for some hours for it to settle down.

yes ethereum gas fees are crazy now. sooner or later it may exceed bitcoin fees. if there is no solution to this, there will probably be many people who will start doing the same things as they used to. they will switch to coins that have a lower fee.

I'm a little disappointed because currently Ethereum is on the rise, but their transaction fees has risen very high.

I'm also surprised it is Ethereum's biggest attraction until this happens many made a switch from Bitcoin to Eth because of much lower fees but now people will look on other coins for options if this does not fix that will be one of the drawback of using Ethereum now.

I like ethereum so much but this fact is really killing me. I dont know but the only thing I dont like about them is this crazy high fee. What happened on the improvement on scalability? If this continue people will realize to transfer to another smart contract network that has more efficient and has low fee. By any means, anybody know a good network with low fee but very fast and secure to transfer tokens. Im betting trx is on the line and eos. But I dont like eos ram style.

Im thinking to jump on klay network and even this new project avalanche. Any thoughts about these two?

Klaytn is good in my opinion because the network is similar to ethereum, transaction fees are very cheap and also transaction speed is very fast, it's just that there aren't many tokens made using Klaytn network not many and also not yet developed like projects that use ethereum network, but for Klaytn tokens themselves currently they are almost chasing the ATH they have ever achieved, for Avalanche I'm not following this project but as far i reminder they currently developing their token and also avalanche blockchain network.

Why on earth are people still using Ethereum for transactions, when they know (or should know) :

ETH network is congested (95% network utilization)
ETH network has an exponentially rising gas price, that is breaking ATH records every day (currently $6,04, which is the highest fee since 2015) --> https://www.coindesk.com/decentralized-finance-frenzy-drives-ethereum-transaction-fees-to-all-time-highs
There is no short term scaling solution, ETH 2.0 phase 1 and 2 are years away and phase 0 contains no scaling solution and only has a soft target for end of this year. Truth is Ethereum was never designed to handle such loads of transactions traffic, it was designed to be a decentralized smart contract platform. With such rising gas price, Dapps developers and users will feel forced to leave Ethereum.Which means Ethereum primary use case (smart contracts / Dapps) will be under threat.
 
Lets take a look at Dash :

Average transaction fee : $0,004 cents (https://terminal.bytetree.com/dash, featured charts)
Avarage transaction time from sender to receiver and with amount getting spendable by receiver : 2 to 4 seconds
Transactions are protected against doublespending  
Network can scale rapidly on-chain safely by increasing its blocksize from 2MB all the way to 8MB (this has been thoroughly researched and tested), which can be done quickly through Dash governance system (which already approved a blocksize increase from 1MB to 2MB way back in 2015)
Network is protected against 51% attacks

Focused on providing in the short term : an user-friendly experience by introducing blockchain names (making it so easy that your grandma can use it), blockchain identites, a decentralized api, a decentralized drive for data storage,
data-driven smart contracts, a payment wallet Dapp called DashPay that will utilize the above. All through Dash Platform, which will be on Dash testnet end of this year.

Be smart, use Dash.
Dash is digital cash.

Of course, people would leave ETH and switch to other coins with lower transaction fees. Currently the Ethereum network is indeed congested, making the required gas higher than usual. But I think this is a sign that the ETH price will increase dramatically like in 2017.

I hope ETH 2.0 will be released soon and transaction fee issue will be solved. We can't switch to another coin because most of altcoins now are based on ETH blockchain network.

Maybe you should take a look at what ETH 2.0 exactly is : https://consensys.net/knowledge-base/ethereum-2/faq/


Now guess which phase will have the scalability solution for the whole network ?
Developers could introduce some ad interim solution to get a grip on gas fees, but so far nothing conclusive has emerged and i doubt all users will see the benefits from that.

And there are enough Altcoins out there that have their own blockchain, and don't rely on Ethereum network.
Switching will be a simple case of reviewing Altcoins on speed, transaction fee cost and usability.

With Dash that will be : 2-4 seconds, $0.004 cents, high usability

i was surprised when you post this and i went straight to https://ethgasstation.info/ and it is very expensive gas I also don't know with eth I have now whether I should switch to LTC or Doge. this really kills us

If you plan to transfer your balance regularly then its better to move to other altcoins to lessen the fee you need to use for every transaction. If you are just a holders and want only profit you can stay in ETH since its for investment not for regular use.




no only tokens is base on ETH we have many altcoin that can be use for low fees like tron and trx .

i use ethereum just to gamble, i have never held an ethereum since GWEI is increasing day by day because i know one day i will have difficulty sending the ethereum due to the transaction fee is too high, well for, but for now I lock up the intention to move ethereum from my wallet so that GWEI is back to normal as before.

i prefer to hold transaction of some erc20 tokens, because high fees make me hold it temporarily, rich people think ETH transaction fees are cheap, for us small players it is very expensive, I want to sell my tokens on UNISWAP exchanges but I think it will large transaction fees

Eth lovers will prefer to hold no matter what, most especially the whales but I believe things will change with eth network after 2.0 get launched soon, this gas fee issue won't affect the big players, only those with small eth coins will be affected

Even now, the gwei has reached 320 for one transaction, this is going up too fast. I also had a pending transaction when the gwei was still 200 yesterday, and it looks like it will be very difficult to get confirmation.

Whenever the price of a coin gets doubled or tripled in real short time then more and more people will be interested on buying and selling thoe coins which is the main reason for the transaction prices to gets increase.Few months back the same people suggested ethereum if they want to avoid the high fee of bitcoin transaction but now the things were changed.Maybe some of the people will go for other cryptos but most of them will decide to hold and wait for the normal days.

Even with the ETH 2.0 launch, it will take at least a year for the transaction fees to go down because AFAIK ETH 2.0 will be launched in three phases. Phase 0 which is now phase 1 which is mainnet without smart contracts and phase 2 which will include smart contracts.

Yes, for the time being what happens is to enjoy the fact that this is already a decision. if we do not follow the rules of how we want to perform transaction actions. I hope we can go back to the beginning but is it possible? because they also want to enjoy the results obtained. so we have to be patient and don't make transactions with a small value because it is clearly detrimental and must get used and be patient until the value is commensurate.

Well the sad thing about moving to another blockchain is that when you own some erc20 tokens in your wallet, you can't use this coins you mentioned above to pay for fees, you will still have to use eth gas, this is really a tough situation with eth high gas rate, it is getting difficult everytime and it is not making transactions easy, now I can't make small transaction in my wallet because gas fee is way too high.

Transaction fee increase as the transactions increase and the network gets bloated or congested, this has been a long standing issue with ethereum network but i think selling now will not be wise just be patient as they are working on solutions and once they are implemented i am sure eth will fly high.

That's so true! In my opinion, launching ETH 2.0 not only can't reduce the fee but also increase them! As we can see, many people are waiting for the launch of ETH 2.0. The reason is that they believe when ETH 2.0 launched, there will be a bullish season for altcoins. Therefore, it can be a factor to even skyrocket the ETH transactions fee!

I am worried about ETH Gas fees. A few hours ago need to trx ETH and need confirmation fast. Myetherwallet suggests to me 453GWEI for making trx faster. Which was around 3$+. I didn't pay this amount of fees in my crypto history. If it continues to take higher trx fee then I will not use ETH to pay thourh ETH.

DeFi effect, have you see this article (https://www.google.com/amp/s/cointelegraph.com/news/ethereum-network-hashrate-hits-20-month-high-as-defi-tokens-rally/amp) ?

As we know Decentralized Finance project has been popping up and become the promising place for investing. Almost all DeFi's project has increased in value even it has beaten the movement price of bitcoin. It gives many effect for the ethereum's chain like the transaction fee has increased for more than 200% so far.

That sounds really strange to me to be honest. I know gas fees are high but yesterday all day I could see it max was 200 for almost instant confirmation. I still sent 150 and it was confirmed in less than 1 minute, for sure 100 would get you 2 minutes.

But you are right, checking etherscan now, it has updated a new recommended gas fee next to price. 320!

Oh my god! Unbelievable, I didn't expect and think that the gas fee of ETH can be so high like this! I'm aware that the fee is high, but it is way more than I can imagine. I know that when the trading volume is high the fee has to increase also. Even though it's kind of shocking but not too surprising. It just increases too fast! In my opinion, it will keep raising if the ETH price increases!

I'm an Ethereum user since then most of my traded tokens are Ethereum base, but because of this super expensive gas price, I'm started to think about and look for another alternative, Eth is more expensive now compared to Bitcoin while sending transaction just imagine I'm sending a token worth $50 and charge me with 3 dollars transaction fee because of this I started to dislike Ethereum now! Only the miners will become rich and I feel frustrated about it.

Gas fees for Ethereum transactions are currently quite high. We have to pay 0.005 for each transaction. Maybe for Ethereum transactions it can still be done with this high gas fee. We know that Ethereum is the most widely used platform for smart contracts. So that token transactions on the Ethereum platform cost quite a lot of money.

If talking about switching to other altcoins? I said yes, I've even been doing this since 2017. But unfortunately what we have now is still on the Ethereum platform.

They definitely need to do something, use USDT becomes not comfortable, I want to make a small transfer, and the commission is huge.

 :o it's got bigger for sure and it's still happening

that is right. Currently, the eth gas transactions price is very high. My assume is this quartal will be altcoins session to bullish. Because, I have heared that the defi project is very popular right now. Some defi project has hosted on ethereum chain.

I have never seen such a high gas fee before though, i got charged $12 for a transaction lastnight again

what kind of transaction did you made, something including smart contract perhaps
fees are too high, and it is not viable, but i have sent ETH yesterday two times, and paid less than a $1 for each transaction, although i think that $1 is too much, for $12 would not do it at all

The current ethereum gas fee has discouraged a lot of people from effecting transactions in the ethereum blockchain. The issue needs to be rectified as several complaints are registered daily by the ethereum Community. I learnt that the ethereum 2.0 project would be addressing the the issue of hike in gas fee. I do hope that the project is launched soon.

Just waiting ethereum network be stable. in this case, you must hold your erc20 token for sure.

Seems good, I am waiting for dash staking to be low, maybe can we stake only 100 dash on QT wallet?

conventional exchange still uses normal fee like before, maybe they can growing up fee next time to avoid lost.

think your bounty received erc20 token, if you don't use eth then your token doesn't go anymore.

hope you can prove your statement because I try to sending under fee $2, transaction going failed then I have to bump higher fee to success.

It is a good indicator that Ethereum is really used, but on the other hand it shows that Ethereum is not currently ready for the massive adoption because of high fees and low TPS rate. Hope that Ethereum 2.0 will come soon as possible and bring Ethereum to the point from which we can say that Ethereum can be used in every day life.

If this kind of scenario continues investors will be looking for another altcoins venture where can get more benefits while having less worries of fee for every transactions they make like in XRP, TRX,  BNB with way lower fees with same quality of blockhain competitions as Ethereum

In the past 1 week, I did not do any transactions on the ETH network because its gas fees were too high. I think the reason the gas of ETH goes up is because investors are interested in Defi projects and has made the ETH network congested as it is now.

But what is DeFi is not the real reason why transaction fee increases? And if your prediction is correct, then could these transaction fee increase do harm to DeFi ? (if the grow continues).

Can someone give a link calculator to calculate with which gas price the transaction will be sent, and starting with value and lower you will simply burn your gas ? Would be much appreciated.

I think people need proof, because I also send token yesterday with gas fee of more than $1 and the transaction failed, also many people experience the same thing. If you see https://etherscan.io/gastracker even low transaction speed needs $1.23.

indeed gas eth really very expensive as possible if this happens continuously then people will move to the coins of other investments because it is situations that are not favorable for the holder to send eth to exchange need gas enormous if one investor saturated with the increase of gas when gas prices rise, the ethereum also rising gas should be always normal for transactions on the network for gas ethereum really detrimental to the holder.

I don't know what caused the increase in GAS fees on the ethereum network today, is it due to the accumulation of transactions on the Ethereum blockchain? This bothers me a lot, because I am only a small trader in the crypto market. Will Ethereum V 2.0 solve the current GAS problem? I hope this doesn't have a bad impact on Ethereum's future development.

I guess those presaleS and uniswap transactions are really giving effect to it.
Presales and getting listed to uniswap are the trend now but I can't continue doing swap trades on Uniswap if these Gas fees are insanely high!

The whole situation is greatly complicated by the increased demand for transactions on the Ethereum network and therefore the price for gas has increased greatly. I believe that developers are now very actively trying to solve this problem, because due to the high cost of transactions, the number of users will decrease. Vitalik Buterin has already voiced the idea of how to solve this problem, when, instead of Gwei, they will introduce the concepts of a base commission for an operation and a bonus tip to miners.

It looks like most of the transactions that were increasing the gwei in the network came from the uniswap and I have expected the launch of a lot of new defi projects have been making the ethereum network being so crowded

I was generally shocked today when I paid more for transactions than I needed to transfer funds. I can provide a screenshot of the transfer from the Trust Wallet app. https://cdn1.savepice.ru/uploads/2020/8/13/280bc701f860c2f4cde98ce6f6b38397-full.jpg

I havent been doing any transactions lately and have just noticed the raise in price. Theyre charging way too much for gas, i dont think this will be good for ETH entirely. They might loose some investors if this continues.

problem is always the same, fees, fees and fees, I
 really feel tired of Ethereum fees, to send $ 1000 alone costs $ 30 for fees, it's really terrible

I think that soon people will stop using ETH altogether because no one likes this kind of network operation. The network is very slow and the fees are very high

Ethereum Gas fees is big problem.
High ETH TX GAS Fees Reward Goes To ETHEREUM DAPS + ETHEREUM BASED DeFI & DEX You can assume eth GAS as an Asset, when everybody wants to pay higher fees for fast TX then gas price will rise. The system works by having every sender submit a bid, known as a gas limit, for how much they're willing to pay. Miners then pick up desirable transactions and include them in the next block. In theory, this allows senders to prioritize their transactions by paying a higher fee.

this is the biggest problem of this coin which no one can solve. the project team has been trying to solve this problem for a long time, but nothing happens. they only talk about what they are trying to do but they are not doing it

They might not lose investors but this is not looking attractive at the moment, something must just be done. Almost all the DEFI are listed on ethereum and we wonder how ethereum kept the growth with all the circumstance. I expect a reduction in ether gas since the price of the coin has been going up but it had gone the other way. I also dont understand where the high traded volume of ethereum is coming from, sometimes higher than bitcoin some days

This shows again that the current version of Ethereum has it's problems regarding scaleability.
I hope Ethereum 2.0 is finished pretty soon. If you have to pay a few dollars for every transaction then it's just a platform that is not userfriendly.
People could move to other platforms if the current situation persists for a longer period.

With such high gas prices and low transaction speed, we may eventually abandon the use of ETH as a means of payment for small payments, and as a result, we will receive a second BTC that is not very convenient for such settlements.

The price of Eth is fast appreciating both in popularity and in pricing but then the whole idea behind the increase of Gas is yet to be known. one thing is for sure, the price for gas on the ethereum blockchain is alarming and projects have started porting to other chains like Matic and the others. No one is saying anything about  a remedy.

KLAY project may be a very good project in my opinion, but I have never follow this project anymore since they held a free airdrop for all Indonesian upbit users where the average klay holder comes from free money, it makes me feel worried to buy the coin If they throw away the coin, they will not think twice because it is free money.

about avalanche, lets wait their mainnet and see how much is their real price, the project development is very solid with strong team, this project has achived new biggest raise Sale on this year which they collecting million dollar in about few hours.

The eth team should immediately rectify this situation. Otherwise, eth users will convert their crypto to other low-fee alts like doge. The current fees are really high, can it be addressed by eth 2.0? Or is it because of the DeFi hype why the fees are high these days?

defi and eth 2.0 both contributes on the increase of the price of eth and we know what happens when a coin pump ,  its fee are also affected and itl increase too .

issue of fees is the problem of the people all the time  and it started with btc before but look at btc users now , they dont convert or leave just because of the fees  . same thing can happen from eth users when they will get used to this problem  .

I can't imagine that also and it give me an option not to gamble this time if that so. Better to save it.
 
But if we are not in a hurry, we can still use the minimum GWEI, it actually confirmed for a couple of hours or even days but that is the only option to save some ETH rather than to sacrifice it, unless if you are moving huge amount will it something to put in consideration.

We are not yet that closer, we are still far from Bullrun.
It is in a matter of time that the price goes high both Bitcoin and Ethereum, and it compromises the fees since we are thinking that there is no impact with that but sadly, the fees also had spike together with the inclines..

Today the cost of gas has decreased slightly from before when this topic was created. But the cost of gas right now, in my opinion, is still said to be very expensive, I can't even make an ERC20 transaction due to high gas reasons.

yes of course now it still looks expensive because normally it is 40-60 Gwei, now it's still above 100 Gwei, I also stopped doing ERC20 transactions and will wait until everything is normal

This is why ETH can never surpass bitcoin. although many altcoins use smart contracts ETH, when the network is very dense the price of Gas can be higher than the altcoin value itself.

I also experienced it last bull season where I need to use a higher gas just to confirm my transaction. But this scenario is not forever unlike bitcoin so ethereum is
still a good currency for me and I don't need to move to other currencies like litecoin or dogecoin for this reason only.

This happenings will likely to last within a week only and the gas price will easily revert back to normal again so ethereum is still a good choice if you are not using it in daily basis.

I think because ethereum network had a busy transaction at the moment.

Look yes, this is a short and last time for the miner to collecting Ethereum for do next to prepare new ethereum 2.0, if late, very difficult to mining next with 32 eth stake on a wallet.

how you get a number of $30?, are you did?

In this case most people use ethereum for sending erc20 token.

yeah, this increasing velocity in the network (number of times ETH is send through the network between users) is not good for ETH as well, ETH is becoming a currency and that is not good for investment, one should think about that
so, gas prices at high level could be good for ETH price

In 2017-2018, gas price was high but not too much like at present. Now we have to pay around 0.003-0.005 eth ($1.25- $2.20) which is higher than ever. It is become costly to send ERC20 tokens or ETH which is making frastruates the users. I don't know why the GAS fee now nearly hitting 300  GWEI.

yeah the GAS doesn't make sense for me. although I remembered when we have crypto kitties the GAS is high aswell but I guess we are already used to pay significantly cheaper GAS than it is now.
Maybe it means Ethereum need an update to solve the scalability problem so that the fee is not becoming this high in the future.

when i am going to sell ERC20 tokens i can only wait with the high gas costs reaching $ 10 not much i do, and very unfair when i will sell tokens which are only 30 dollars but the transaction fees are up to $ 10,
I hope it's back to normal soon and it doesn't last long,
because I don't want a lot of unsold tokens in my bag due to very high fuel..

That's really annoying, sending your tokens to sell it up finding the fees are really huge when you transfer it to exchange.
Most of the bounty hunters have no other options, fearing that the token value will fall,.

They will take this fees without hesitations just to have something for their works.

$ 10 to pay the transaction fee now, this is really expensive,
just imagine, if we more send in large quantities, the fee will be large too

I'm ok with 1 dollar or more fee and infact I used to pay like that all the time with btc but with 10 dollar fee , wtf I won't proceed with that  . I don't transact large monies  . They really need to fix that if that is a bug or a glitch because btc fees never reach that high.

this reminds to the person that sends small amount of money but uses over 1m dollar worth of eth lmao  . Only the opposite thing happens now .

If the price of Etherium goes up, the transaction fee will go up. This is a normal rule.However, it is less than 2017 and 2018.Upgrading their network system could increase the cost.And the depreciation fee has increased.So this is a normal process.Has not yet grown abnormally.

Ethereum transaction price is increasing with its price..Mostly because of the DeFi project.People are using uniswap to buy and sell their DeFi coin and they want it to be faster so they pay more fees.Then miner wants more fees for transaction.I don't know when it will stop.But it must be stopped.I have already stopped using Eth for transaction.Because I use eth for transferring my token or coin but now I can't even dare to try to send coin.Ethereum
CEO vitalik should do something about the transaction fees.Because if DeFi project gets more famous then Eth transaction fees will go beyond our imagination.It would be very nice if vitalik somehow fixed that in their update Ethereum 2.0.Otherewise people will be more interested in trx which is very fast and cheap transaction fees.Btw it is first time for me to see Etg transaction fee goes to 300 Gwei.

For now I'm only trading eth on one of the exchanges without withdrawing it or sending eth too often, because the fees are so expensive for making small transactions.

But on the other hand, the miners are very happy with the huge fee. Yes, we may have to be patient so that eth developers find a solution, because if there is no miner, our eth transaction will not run smoothly.

We are in same situation as in 2017. With a difference that 2020 is actually a 2016 and not 2017. So next year we will see $100 eteherum fees. At the same time Monero will still have 0.2 cent fees :P

maybe because of the influence of the coin itself, I mean the high price increase of Ethereum causes the gas costs to be expensive. actually I don't like this, because it can affect the interest of other investors as well mainly because of the problem of high shipping costs. maybe now people only invest in it but not the shipping cost. people started using LTC, DOGE at a low cost.

Yes, best way to move funds around at the moment is through other coins; TRX, DOGE, XLM and LTC, pending the time gas fee on ETH is back to normal. I think for those forced to hold, it is paying off because of the surge in market price.

If this increase continues like this I fear that ethereum will eventually fall back down, we are talking about people not wanting to use ethereum anymore for transactions, which means there are so many stuff like dapps that uses it, and other stuff like some defi projects and whatever else that uses ethereum blockchain, will move towards some other blockchain that would be faster and cheaper because they know that if they continue with ethereum people will stop investing into them.

Hence why I think it is quite important that ethereum has to figure out a way to drop the fee's, if they fail that would be another big fall for ethereum that makes it harder to climb back up. Remember times when ethereum were 80 dollars just a year ago? We could get that back if they don't fix it.

No wonder many of my transactions are stuck and pending due to the increase in ethereum gas prices, in my opinion it is too expensive
if I have to using 275 GWEI to speed up ethereum transactions. I decided to start moving some of the ethereum I own into Litecoin,
Ripple and Dogecoin which have lower fees.

am telling you the gas fee is very high, someone with little token that intend to sell cannot sell due to the high gas price, and this might lead to pump of other coin as you have said, want to trade a coin in bitforex yesterday, after finish trading check withdrawal fee of etherum its killing, dont have anyother option than to convert my coin to trx due to the withdrawal fee, leave their ethereum on exchange there.

you can imagine everybody is doing that, there demand will be decrease in demand and hereby lead to fall, and rise in other altcoin. 

The gas price is gradually coming down. I already envisaged it that it won't be long before we will see everything normalized. My fear is just that it might happen again and if it does, it might be worse than the former. Although, there are lots of parties who would prevent it from happening. Only miners are benefiting from it.

well of course that much gas costs will provide a very high speed but I am sure when you make a transaction I don't think it needs to be too fast, the important thing is that you can enter the address that is designated properly and correctly, because if you spend Ethereum costs only in fees shipping it will make us lose.

We are getting ready to move from POW to POS. Unacceptable that gas fee is high for miners. Some ERC-20 tokens payment or Ethereum payment bounty is getting late or choosing another platform to complete distribution. Ethereum is the most popular smart blockchain but for this transaction cost, users couldn't use this platform. New projects must be interested in using a low fee platform

payments for bounty campaign participants will usually use tokens that are developed because when using tokens it will provide price movements on the platform and can provide very good volume for the development of the platform.

It is because DeFi hype, the Ethereum network have congestion now. Many projects start to using ETH token as their fuel, like DAI stable token.
I think the developer should find a way to reduce network congestion because people become afraid of fee to transfer their token.

you are right.. its like we are in 2017-2018.. is this a sign of a bullish market? ;D I think the reason why ethereum gas is so high because of this defi coins.
but i am hoping for a bullish market soon ;D ;D

Not surprising for me due to the obvious reasons, the main crypto payment method for faster transactions is usually ETH. Now the Gas fees(etherscan.io/gastracker) are around 120 gwei and this number plays around 70-140 during a day depending on the size of pending transactions. I don't agree about alt season, the situation is now worse than 3 years ago, too early to talk about the alt season just because of the increasing Gas fees.

Fees are so high because of extensive demand for transactions on Ethereum. It's alt season, and users are rushing to put capital into the tokens and protocols that they expect to give the most return.

If you want to follow ETH transactions and the fees,

https://i.imgur.com/m9oTru8.png

https://twitter.com/CoinFees/status/1294285488644333568

And I would agree that it is very expensive, more expensive that bitcoin itself.

Yes, I am also stuck in the blockchain of Ethereum right now. I only transferred 0.17 ETH but I had to wait more than 3 days.
But I think differently from you. I think they need to re-test their network so everything is stable and then they will public Ethereum 2.0 perfectly. So we can use Doge or XRP for now, stop trading on ETH on the ERC platform, it just takes more of our time.

Indeed a few days ago Ethereum gas costs were very high. Most of the people choose to stay silent without any transactions on the Ethereum blockchain. But Gas costs always change every day, maybe at this time the Gas cost is 78 gwei.
You can check the changes to Ethereum Gas fees here! https://etherscan.io/gastracker

ETH transaction lately is really hurts as we can't transfer from imtoken or trust wallet to exchange without having to pay hugely and also teasing on uniswap is now tough because of ETH teasing fees. Please ETH CEO should look into this and resolve the issue as it's serious. I was highly charged yesterday I wanted to trade on uniswap which I ended up missing the coin because of transaction fee.

This is the downside of Ethereum network crazy gas prices and sometime a long que to get tx verified , Its too expensive for micro transactions. There are alternatives but I hope Vitalik and team would come up with an idea to control this ridiculous gas prices.

3 days? Wow, never thought that ETH network will be clogged this much. Obviously, this is similar to what Bitcoin experience before, and it could become worst as the price continue to make a massive run. We haven't touch $500, but as soon as it gets there, experience more more congestion and increasing gas fees.

Let's hope that the ETH team have seen this or at least we need more miners to help ease the network traffic. Or shift your coins from ETH => x coins that is a bit faster now.

The gas price changes depending on whether the network is congested or not and also depending on the current market price. That is why last 2017, whenever I need to transfer the money I use other altcoins to lessen the fees that I had to pay. There are instances that I need emergency money and my transaction was on hold for a day or two. This is one of the main problems of the ETH network which I think has to be solved.

now up, i just realized it last night when i transferred from mew to exchanger for trading. there you can see the estimated transaction fee is $ 2. it is quite big indeed, but if the transaction is large it may not be felt. but I only transferred a small amount, so it was very obvious how big the fee was.

Shit... I have no idea.
when i try to send my token to market, My transaction still pending since 10 days ago.
I Miss gas back to 5-30 gwei..

This problem is the downfall of any cryptocurrency if it is not fixed.  It is not a reason for a transaction fee to spike because it is currently trending.  As much as I like Eth, if they don't fix this transaction spike problem, I might as well move to another cryptocurrency that offers minimal transaction fees whether they are being widely used/popular or not. 

Imagine, ETH isn't that hugely adopted yet, what will happen if the majority of the world adopted this cryptocurrency, ever imagined sending $1 with a transaction fee of $10?

but the good thing is that eth prices continue to rise every day, I think some people are more than happy to hear this news rather than question the rising GAS price.
if it continues like this it is possible that the price of ETH = 0.1 BTC.
because i see btc dominant down from 63% to 58.8% at the moment.

Nothing to do, you have to recreate that transaction using high fee. if you using metamask you have to clicking speed up button, resubmits your transaction with a higher gas fee.

You should read this how to solving stuck transaction https://ethgasstation.info/blog/stuck-transaction-guide/

If the reason you are holding is to make transaction with a much lesser fees then doge coin is the best bet as the transaction charges for Ethereum is much bigger than bitcoin at the moment but if your investment is based on profit then ETH is the coin to hold as the price keeps on rising even though the transaction charges are increasing.

Cases like this remind us for 2017 where in that year there was also an increase gas in the Ethereum network. But what happened was that the ETH price had shot up a lot, so I think it will happen again at the end of this year, I believe the ETH price will hit 1k this year.

It would not help if the gas price also increases too. Ibdo hope they could have a better solution on scalability cause among other problem this could be the biggest one eth is facing. Once they have a solution to this maybe they can be more efficient. I think its a problem if you could transfer a 10$ and the fee is more than that. Thats a huge issue and not healthy at all.

Today August 16 based on https://etherscan.io/gastracker. Ethereum fee is reduced so much, I don't know what happens behind it but I think developers hear so many people complaining about the gas fee and try to fix it.

I'm not sure about this, but we hope it will

yes, the cost of gas has decreased drastically, it seems that there is a decrease in DEFI activity which causes gas costs to decrease because so far the cost of gas has increased due to DEFI  activity which is currently HYPE

I feel like paying 4$ for a single ETH/ERC20 transaction has become a new normal, I dont even flinch anymore when I see a 5$ fee in MetaMask, or a 15$ fee on uniSwap or Kyber. Its really getting ridiculous, but hey, we are in a bull market, or at least preparing for one, so people are less sensitive and they are more often prepared to overlook the insanely high transaction costs.

I was one of those people who panicked about the condition of the increase in Ethereum fees, but today the Ethereum fees have
become normal again. Average transactions only require 96 gwei and high transactions with 128 gwei enough. I don't know the cause,
but DeFi projects are still booming. It is possible that the development team did some repairs which would make a drastic reduction
in Ethereum fees.

Ethereum fees are nowadays enormous, fees around 30USD are pretty normal, but look at this guy: https://twitter.com/mintbase/status/1293455772374851584/photo/1 - he has to pay 252USD transaction fee to process his transaction. This situation is further unsustainable, Ethereumn 2.0 should come as soon as possible or Ethereum will end badly.  ::)

The gas fee is really getting out of hands. Even to send a few dollar coins now, you have to be prepared for a very high gas fee which can be very frustrating at times. I think there are tokens that maintained a very low gas fee. Maybe people will start making use of that in the meantime.

I don't use ETH to move fud anymore, it's crazy. I incure so much fee while trading on ethereum DEX, sometimes, the transaction fails and your transaction fees are still taken by the network. This has cuased me untold woes.

Actually, you can avoid this by estimating the fees not only based on Gwei but also calculating Gas Limit needed to transfer the tokens you want to trade on Ethereum Dex.

This is obvious that when the demand for the coin is growing hence the transaction cost will rise because of the fast movement in the blockchain. For the transaction to be mined first and in short period you need to use more GAS as usual before. So, the ETH transaction may increase further above 300 GAS in the later period.

What you mean 30USD is pretty normal?? That's not normal but that's so high. What about poor people, do you think he will say pretty normal??
Ethereum must bring a solution.  Because I think a low fee is so important for the crypto world. But do you think ethereum 2.0 will?

I agree in fact I was about to send $50 to our local exchange from one non custodial wallet and I was shocked to see I was charged $5 for that transactions, I also check if this is true and many of my friends verified this that the fee is way to high that they are converting to Tron or other coins or tokens with less fee but even the trading fee is high.

No need to worry because you can still switch to other altcoin that have lower transaction fees. Ethereum should make improvement that will increase the interest of user to use it at a low cost. If this continues then I m sure a lot of people will switch to low cost altcoin like LTC or other.

for that, make sure you always check https://ethgasstation.info/ so that the delivery you do is not delayed for a long time, if you feel that GWEI is very expensive then wait until it's cheap, but I see it is now much cheaper than a few days ago

i read it before.
but one times, i got ethereum gas fee unstable..
i found on one hours, gas fee increase from 250 to 350 gwei.
this is useless for me, because i want to small a token with a small amount.

This has to change, fees are too high! If they don't sort it out quickly it will affect the price, there's no time to wait eth 2.0, they need to find a solution faster. What I can see is that competitors are using this situation for their own advertising, while eth transaction fees are going up and up, competitors offer faster and cheaper transactions.
Definitely not a good thing for all ethereum users, I am on hold with all my eth transactions, and if I need to make any transactions I try to use the lowest possible fees, a bit more waiting, but what to do, at least its cheaper.

That's  a very nice move coming from the team.

The increase in gas fee annoys more holders and traders, instead of using this chain, they look
for other alternatives to continue their transactions, its best to deal with this and change it back
or make it more reasonable for traders and investors to use the chain more often again.

With gas rising to hundreds more do not make transactions because it is very expensive, obviously you will lose if you only send tokens.
Who knows how long this token will be even lower so that transactions will be easier.

Lol he is not sending with thats fee, only calculate the fee and tell that why we need that bla bla protocol, i dont think people will use that high payyed fee to doing any transactions unless you're whales that transfering a million billion worth of ethereum, i think 252$ is only a cent for whale LuL ::)

The situation is quite similar to what happened in 2017/2018 crypto year. However, unlike then, the network now have a better and possible solution to address the issue underway. The ETH 2.0 upgrade should tackle this current gas hike further improve the network. For moving of funds around, I use other blockchains with cheap transaction fee.

it depends if the DeFi trend will be active for three months or more, because uniswap is the main reason why gas rises high, every project that uses the DeFi concept will list their tokens at uniswap and sale or purchase transaction that takes place at uniswap has a huge impact on GAS prices , if it continues for up to 3 month and more, I am sure the price of GAS will never drop until 10 gwei or as in the past, unless ethereum finished their  Ethereum 2.0 which is rumored can solve this problem, if this condition persists for months "I seem to be moving to another coin like XRP or TRX which has low and cheap transaction fees to transact between exchangers or gambling.

Now it dropped to 100 GWEI and it lasts on these levels for more than 2 days. Does it mean that people are using less all DeFi protocols? Could be this an indicator that the bubble is slowly coming to the end?  :-\

gas decreases not because the concept of defi has stopped or getting lose their hype, but the volume of trade in Uniswap is decreasing day by day, that's why ethereum gas is decreasing slowly, as you can see past day the volume trade on uniswap is about $300,000 per day, and today its was $130,000.

you can see the movement of trade volume here :

https://www.coingecko.com/en/exchanges/uniswap#statistics

Ever since this eth transaction shoots up, have choose to hold all ethereum token am holding, and each time I need to withdraw fund on exchange I use Tron instead of Eth. Hoping for a turnaround anytime soon.

today, the gas cost decrease is quite large at 85 gwei, maybe this is the effect of BTC that is starting to rise so that the sale of low etherum tokens, especially the Uniswap exchange

This is really very bad thing about ethereum. They are having highly intensive block generation still not picking transactions which are having enough fees for network. I guess, ethereum even want to mimic what bitcoin is doing with respect to bitcoin's transaction fees as well.

I see already people start using TRX for quicker and cheaper transactions and moreover ethereum already lost its biggest support of ICO industry and now if common people also strat ignoring for low confirmation then there could be really challenging time ahead ethereum in my opinion.

Hope Gas will return to previous normal. in the last few days i tried to send a token but Gas price was higher  than token price.

Personally, I think the gas fee can't return to what it was. The reason is that the gas fee is high because of the high demand in ETH transactions. People are interested in the hype of ETH, so they buy and hold a lot of ETH. The demands increase that makes the gas fee higher. In the near future, I can see that people will keep buying ETH until ETH achieve their target. Until then, the gas fee will remain as high as now.

Everyone want cryptocurrencies such as Bitcoin and Ethereum to be accepted as payment. But at the same time, they don't want to reduce the sky high fees associated with making BTC or ETH transactions. I don't know much about the ETH gas price, but for making Bitcoin transactions I have been paying $5-$10 as fees for the last few months. This is having a big impact on the adoption and acceptability of cryptocurrencies.

You are wrong mate volume in Uniswap is increasing day by day if you go to 3month time frame you will see its fluctuates everyday but the trend is in upward position and its not $300k its $220m far from those in top centralized exchange.

I'm also doing that but there's a time that the transaction fee is lower because transactions on Uniswap is lower so it's better to check transactions on Uniswap before sending Ethereum I'm ok with buying Ethereum but not trading because I know that I can recover the fee with the increasing price of Ethereum.

With the current activity on the defi network and many decentralized atomic swap exchange like uniswap. Many will probably uses it no matter how much the gas fee is. Its almost same case what happened last time with cryptokitties hype. Fees are even higher than the one you sent. So much better to not involved with lot of transaction on the eth network for now.

Be even more carefull around DeFi contracts, as they have fees that can go up to $100

Link : https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth

The same is already happening. The trading volumes of the coin such as dogecoin is increasing daily and it seems the price of ETH is stalked at $430. One of the importance of crypto is the ability to transfer a huge amount of money with a small transaction fee which when compare to traditional banking, the latter has an exorbitantly high fee. ETH 2.0 will need to address this by making sure the transaction fee is much less

a few days ago I made a withdrawal from wallet eth, I was also surprised that suddenly the fee was so high. The fee is half of the total coins I withdrew. in the end I gave up on making a withdrawal.

but the impact of this ethereum gas fee is that ethereum prices immediately rise high. There is a positive side too, my eth balance is worth a lot even though the fees are also getting higher. I think the eth gas fee will drop again one day, just like what happened in bitcoin.

Now that you can withdraw it, I see the gas fee has dropped a lot and it only cost you 0.5-1 $ to make that transaction. I was also surprised with the gas fee in the last few days, I don't believe it can be that high, even 3-4 times higher than Bitcoin's transaction fees  :D

Ethereum gas fee reduced drastically now, https://etherscan.io/gastracker

https://i.postimg.cc/6pMsbHB2/gas.png

109 gwei - 13 minutes waiting time. people who already waiting at this moment can make a big smile  ;D

My transaction is pending for about 4 days now as I put 60 Gwei. It was later I realized that the gas price had increased but I was sending only 10 tokens :(
I cannot send more transactions as it depends on this transaction and via Ledger Nano, I can't even cancel the transaction. I just hate ETH txs now as BTC was better and plus there are free accelerators for pushing transactions. ETH txs need $10 as fee for even small txs.

still fairly expensive. for example, I am sending with a current fee and suddenly the gwei gas fee goes up unexpectedly, my transaction will be delayed for days. well, I better stop myself and I think 1 dollar fee is quite expensive unless I really need it urgently then I will make a withdrawal with the current gas fee standard.

Ethereum blochcain has a hard time this era, even in the midst of its bull run, it still has complaints coming in from the users that loads of transactions on the blockchain has exposed the challenges it has with scalability as the negative effect on people is the high cost of gas that has been assigned to transactions and users aren't comfortable with it

it is a risk that is directly proportional to the increase in the price of ETH and the use of their blockchain due to its popularity resulting in very high gas costs so it is only natural, in the ETH 2.0 scaling it is clear how the reduction in costs can be overcome

the volume is increase depend on new project that listed on their exchange and trade on uniswap exchange, but from what i see now, their volume is getting decrease a bit and eth gas are decreasing to, as you can see on etherscan, uniswap contract is on top 2 on rank most used gas per day after tether contract, but when the volume on uniswap are decrease, automaticly the gas price is decrease to.

you can see the here which contract are the most used for transactions and give impacts to gas price :
https://etherscan.io/gastracker

yes gas is used a lot at uniswap even now in first place with daily average around $ 600K now but when gas prices are high Daily volume is over $2 million and the data is available at Coingecko

xDai (STAKE)  will appear when u say that . amazon is going to release an app and its name is BlockScout . They anounced to will use xDai technologies on it also POA too . Its not a partnershipment . here is the article ;
https://aws.amazon.com/tr/blogs/awsmarketplace/build-and-monitor-custom-ethereum-tokens-with-blockscout-from-aws-marketplace/

maybe millions of people have realized that this increase in the price of Ethereum gas was caused by the increase in the price of ethereum itself. Recently BTC prices have moved significantly, even having a positive impact on the prices of some of the top altcoins including ETH. And maybe this is what makes ethereum gas expensive.

I have never used the nano ledger to store cryptocurrency, but have you ever tried to access your nano ledger from my etherwallet and made one transaction using the same nounce as the transaction value of 0? You can cancel a pending transaction by doing it, i hope you could acces your nano from MyEtherWallet, i think that webwallet has such functions that you can write the nounce manually.


I don't understand what you are trying to say, but I think that Ethereum prices are going up due to the current Defi trend, and the gas increasement is because the Dex Name Uniswap has using very high fee on ethereum networks.

YES! ETH Gas transactions price has gotten crazy recently. Been like this for a few weeks, i haven't done anything for a few weeks either. It's all about the hype, however it's not a good thing.

The high cost of eth GAS is most likely due to the influence of rising ethereum prices itself. I have observed, before or when ETH prices were in the range of $ 200 - $ 240 ETH gas was still cheap & while when ETH prices were in the range of $ 400- $ 430 it made eth GAS even more expensive.

The cost of gas fees these days are very high and I think this is mainly due to high gas fees that are paid on uniswap by defi token holders who are constantly increasing their tx fees so that their transactions are confirmed fast enough. However, I think this is really nothing much to complain about as this is very cheap as compared to fees that are paid when transacting through banks. Transacting through cryptocurrencies is always cheaper and faster than fiat.

I have also experience that one when I tried to transfer my tokens in an exchange from my MEW account it is asking me for a much higher gas that cost me higher eth. I think they really need to make a real quick move right now and start addressing the crypto enthuasiasts problem or else it will be their lost because it will make many people change different platform/blockchain that cost them small fee.

This action is surprising with what ethereum is doing, although I see that there has been a slight change if we send ethereum from metamask, but for other tokens I haven't seen any changes in gas, which is still high. why not doing it all at once but seemingly stalling with other alternatives. this will certainly do a lot of harm.

I also feel it, the ETH gas is too big which makes it a bit difficult for me to make transactions because most of the altcoins are made on ETH blockchains so this has a big impact for me
currently I have switched from ETH and use LTC for transactions because the fees and transaction speeds are better than current ETH blockchains

This is the reason why ethereum must move faster in migrating to PoS from PoW to make their network scalable.
With the rise of DeFi projects, where many uses the ethereum blockchain for smart contracts, there is a great increase in number of transactions. This same scenario also occured back in 2017 with the rise of ethereum based ICOs.
If this continues, many projects might choose to migrate to other blockchains which has a better transaction speed and lower fees compared to ethereum.

Just talked to one of my friends, who is stuck with $20 worth of tokens that he received from a bounty campaign. He want to convert the tokens to ETH or USDT, and has already gone through the tedious KYC procedure in the exchange. But now he is saying that he can't deposit the tokens in the exchange wallet. The gas fee, plus the deposit fee would eat away all his capital.

He might find someone trusted that has same tokens, send his tokens to him (or receive same tokens). After that they might send total number of their tokens and “divide deposit fee” among two of them. Usually, deposit fee is a constant number of tokens, not % of deposited amount. With this method, his deposit fee would be 1/2 of he might have paid. Find more people and decrease deposit fee for everyone.

I personally would move my funds to dogecoin or any other project Inorder to save costs especially when transferring from an exchange. The transaction fee for ethereum is way too high and I would rather wait for the transaction fee to drop than send on 300gwei. That's over $10, and it's not convenient for me. I wish this issue with ethereum could be resolved sooner.

Well, it can't be helped because currently there are many transactions in DeFi platfrom that using uniswap or usdt.
Unless they using the gas fee lower, we cannot using low gas fee because if we using low gas fee, the miner won't give priority to our transaction.
Converting to other coin in exchange before withdrawing is the best option i guess.

So you did move your funds to dogecoin or didn't you have eth in the first place?
I don't see how this issue could be solved at the moment at all, we managed to struggle through btc's high fees and long ass transactions for years.
Now we witness this eth boom for several months and whining already - that is not fair. Moreover, eth is going to update itself to eth2.0 one day, but there won't be btc2.0 ever again for comparison.

stop ETH transactions and whatever if the gas fee is very expensive, if I want to withdraw my funds on the exchange, I will convert it to XLM because it is cheaper for the withdrawal fee, the withdrawal fee on the exchange is also very expensive when using ETH

Read an interesting interpretation that the bull run is sustaining because of the high gas price and transactions prices as the users are not able to withdraw from exchange.

At present the price of Ethereum transaction gas is very high. In doing so we are facing many difficulties which are never desirable. Cryptocurrency is worth a lot of its time, but the amount of time it takes to transact due to gas price is costly. So ethereum needs to solve this problem as soon as possible.

The gas fee is actually overwhelming, I haven't been able to do any transactions for now, even the little one I wanted to do was been charged as high as $12, I just had to cancel it. And pray the transaction price normalizes fast cos I wonder what will happen to majority with the way the  ETH price is going