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Developers are rolling network upgrades, yet gas fees on ETH remain the same. It's very expensive to perform transactions on the Ethereum blockchain compared to other competing chains. The ETH 2.0 upgrade will alleviate the situation but developers keep delaying the same. People are getting sick and tired of ETH's "stalling" as fees continue to rise like there's no tomorrow. If I'm not mistaken, developers will delay the difficulty bomb again (by December) in order to prolong the PoW blockchain. The longer it takes for fees to decline on ETH, the bigger its competitors will grow.

Do you think competitors will defeat ETH due to ever-increasing gas fees? If not, why? Are constant delays a result of miners' opposition against reducing gas fees on the blockchain? Your input will be greatly appreciated. Thank you. :)

I believe after the Ethereum network upgrade it will be worthy for its supports who are patiently waiting for this revolutionary moment, there is no doubt Ethereum developers don't want to miss any chance to make the Ethereum network much better after the upgrade that's why it's delaying but as we know good things take time so I believe Ethereum developers will present an effective upgrade which will definitely leave a positive impact and on the other side I don't think there is any though competitor who can compete Ethereum ever.

Kadena blockchain has no transaction fee, yea you heard me right and this is why I believe that this project will be the most talk about pretty soon, no other projects will be like Ethereum that's for sure but many will solve problems that can't be solved on ETH blockchain, still this doesn't mean they are better than ETH

Yes, it's being defeated. People and projects are moving away from Ethereum chain. Watch the number of users of dapps and games and volume of crypto locked in DEFIs, though Ethereum had a long headstart, others are catching up. They are challenged a lot by BSC, Polygon and solana. Panckaeswap is now the most used Defi while Atrix in solana has the largest volume locked. Even the popular defis and lending platforms are opening themselves into multiple chains to attract users.

I don't think that will happen. As per the roadmap and we will enter 2022 which will become the biggest year for ethereum as so many side chains to fix the scalability problem that happened with ethereum will be implemented. If that will meet our expectation to see the gas price of ethereum go back again to the below $1 and the competitor will be so difficult to defeat ethereum but i can't deny that a competitor like BSC has been getting more performance compared with ethereum from the total txs in the network. BSC already surpassed ethereum but it's not with its marketcap which was still below ethereum.

If miners are still keeping harsh from scaling the blockchain and im sure that another massive migration will be happening again.

Yes i saw some people are moving to bnb and matic due to the transaction fee if we compared to those coins, it's too much difference between those coins fee compared to ETH.
The gas fee at this current time range is about 100-200 gwei which will cost more than 10$ each transaction which is too much for me.
But we should not forget that these high transaction fee caused by crowded network in ETH transaction which means there are still a lot of people using ETH for transaction. So i think it won't defeated by the competitors easily.

I can't see ETH being defeated. There's no way that whale investors and core developers would allow that. I don't know what's happening to the current development of ETH (because I already gave up on this smart chain and I recently changed to BCS) but I think they are delaying ETH for the greater good. They want the project to be solid and won't have any problems at launch. Users can only wait and believe that ETH won't be overtaken when their v2 fully operates.

ETH is unarguably the biggest layer 1 protocol project, but one of it's shortcomings is the high gas fee. I think ETH 2.0 will solve this problem. But I don't think competitors can defeat it.

I think it's really hard for the competitors of eth to defeat it, because there are so many tokens that depends on Ethereum, if maybe those tokens managed to migrate into their own network or someone's else where gas fee as extremely low, then a change of pace will be possible. I am too a miner and eth 2.0 is a bomb for me so the delay was good news for me but at the same time bad, because I have also coins under eth network and I felt the pain sending coins and doing transactions and stuffs.

ETH is pretty well established, it’s going to take a lot to usurp it as numero deux to bitcoin. Maybe Solano can compete but it’s going to be a few years.

No.

While it is possible that some other token/coin comes along and replaces some of the functionality of ETH, I don't think that it is going to happen just because of high gas fees.

Fact is that ETH2.0 will bring significant cost savings to everyone and also realize the staking rewards that people have been raving about, and as such will lead to more adoption than anything else.

Other EVM chains or L2 solutions will get more adoption because of the high gas fee, but projects will be launched on multichain including ethereum as whales won't stop using ethereum if they got more profits from those. So it seems to be a problem for short time as eth2 devs already call out the community to help test the upcoming Beacon Chain merge. (https://cointelegraph.com/news/eth2-devs-put-out-call-to-community-to-help-test-out-the-merge) So lets wait for the Q1 0f 2022 for the Beacon Chain merging. But it's true that competitors are gaining more adoption for the high gas price.  ;)

I'm afraid so. ETH is quickly losing traction, as people prefer convenience on top of decentralization/censorship-resistance. It's all about money these days, so any platform that's cost-efficient will certainly gain the attention of people worldwide. For "De-Fi" to work as intended, fees need to remain at its lowest. Otherwise, the rich will become richer and the poor, poorer (just like it's the case with the current banking system).

I hope ETH developers do the right thing by introducing scalability upgrades to the Blockchain as soon as possible. Further delays will only make matters worse, as mainstream adoption sinks at a fast pace. Until ETH fixes the "high gas fee" problem, BSC and Solana will remain as ideal alternatives for "De-Fi". Just my thoughts ;D

The question is, will Defi remain in the market or it is just a hype and will die down soon in the next bear cycle?

And I think ETH dev will continue to release their v2 with such improvement regarding the fees so it's a work in progress until such time that they have cut the fees itself to even half of today's price, that will be huge in the market.

And one thing: ETH is a prime mover like BTC.

Everything you've said was right. The competition isn't just all about the volume and where exchanges it has been listed but importantly, the fees will be favorable to all users/traders. This is now what we are seeing with ETH and it looks like were hopeless to see changes as all the upgrades that have been made but still, it never helps to decrease. If I am a trader, why I should have to use ETH if there is another option where I can save a few bucks like the BSC platform.

We don't really know but I think ensuring network security and stability is what the devs are focusing on. Miners will simply convert to Stakers once ETH 2.0 is ready and many of the gas fees are already burned with the current protocol anyway so their opposition doesn't mean much.

Yes i do and why not? as you can see that binance smartchain has more transactions compared with ethereum and it's just the matter of time until the flippenening will happen but wait it seems like if we are seeing from the technical aspect and then BSC has been surpassing ethereum in term of total transactions combined with active wallets in the blockchain. That's why it can make people move from ethereum to the binance smartchain.


The possibility will always there. Miners have become the main problem in fixing the scalability problem of ethereum blockchain. the improvements will be a bit difficult to be implemented when so many miners refusing to upgrade their client into the new one. that's why miners just like pleague for the ethereum blockchain users.

Eth 2.0 doesn't know when it will start, in the example Market (binance) holding a staking program for the next 2 years and even then (it's not clear when the exact time will be published) behind the expensive petrol fees/costs there may be several financial projects/programs that more secure that they offer (not cheap / not easy to lose and even potentially dragon).

 Thereare some people who may be very lucky to choose eth to have and feel it is right
although expensive, it remains the largest volume market share after bitcoin, I have the principle that eth brings more benefits as a commodity asset which is quite legendary.
We are both waiting for v2
if it's to be defeated maybe not because eth always has an idea first, for example

• NFT
• DEFI

The beginning was very sensational and could penetrate the price of the dragon, YFI was up to hundreds of thousands of dollars. It should be remembered that at the beginning it worked with Ethereum, meaning that the fee / gas cost was expensive, there was a density of transaction queues.

Not really... it's hard to build brand like Ethereum. Mainstream people know Bitcoin, and Ethereum... they have either BTC or ETH wallet. That's hard t change.

This is the challenge from these new networks because a lot are used to BTC and ETH. But slowly, we are seeing that people are now patronizing BNB, DOT and other popular competitors of ETH. The popularity right now may haven't surpassed the ETH's popularity yet. But with the still expensive gas fees, I won't be surprised if sooner or later, a lot of small traders will eventually move to BSC or other cheaper networks. We have no idea when will the ETH team address these ridiculous fees, which is not very friendly for small traders.

When it comes to cryptocurrency, people knew bitcoin and ethereum. Everyone who are looking for an entry into cryptocurrency is looking for an earning opportunity through trading as well as through holding long term. Very few prefer using it on regular transaction needs. When we think of trading there won't be much of transaction cost consumed as the transaction takes place within the exchange. For long term holding security needs to given importance than thinking about the fee.

Just on the gas cost issue other potential projects won't overcome ethereum. Maybe some potential developments of the projects will give competence to the ethereum.

I don't see ethereum getting defeated any time soon. It's a known fact that the ethereum fees are incredibly high but that's going to be corrected very soon. I believe that the developers are weighing their options and timing to accommodate several factors and fix the issue optimally. This may even take a while, but I'm certain it would be fixed.

It's just that ethereum is too powerful. Until now ethereum is still in the top of the second place after bitcoin. When it comes to rivals, there are Binance smart chains and Solana. But still, the ethereum network is still in use. I see the advantage of the ethereum network today is that it keeps junk projects from growing in ethereum networking because of the expensive transaction costs. But it also makes it difficult to get small-scale investors.

They won't defeat Ethereum Network because the people behind it continue to improve their service and they still developing some strategy to counter the gas fees problem. But right now, it seems like the best smart chain network is the lowest gas fees and has fast transactions. Matic's Polygon is the best with that but they can only do that because they don't have massive users that using their platform. as soon as their system exceeds the limit, they too will have the problem with the gas fees and the network congestion.

No, it is simply not possible at all. Ethereum will remain the number one altcoin. It is now even challenging Bitcoin's place although it is next to impossible to happen. The result of Ethereum's terrible gas fees is that people prefer to keep their ETH rather than spend them. That is exactly the same thing that happened to Bitcoin when the transaction fees are rising. That means ETH will even rise in price.

Another effect is that other projects claiming to be better alternatives to Ethereum are gaining their place under the sun. If Ethereum will fully implement ETH 2.0, these alternatives will lose a big slice of their market.

Indeed until now there is no doubt that Ethereum has quite loyal users and Ethereum is very powerful, but if Ethereum underestimates the high
gas fees, this will be a problem in the future. As you said Ethereum users are starting to lose money by wasting too much money on transaction fees.
But with Ethereum's success so far, I think Ethereum does have a pretty strong development team. So surely the Ethereum team is aware of
the problem of high gas fees, I'm sure the Ethereum team is fixing it right now. So I believe that Ethereum will not lose to competitors, because there is
no way Ethereum will let them lose to competitors.

Ethereum still has its position in the market. Even Ethereum competitors grow and try to defeat ETH. Maybe they can defeat the ETH gas fee, but they will hard to beat the people's hearts because they use ETH as their investment and will not let the other project defeat ETH.

But it could happen if ETH can not decrease the gas fee in the long term as their competitor can grow bigger and of course, the other competitors can also lift the price and take a better position in the market. But for short, the competitor will not easily defeat ETH and take over ETH's position in the market.

Actually, yes, I see that alternative chains become more popular than ethereum. They are faster and cheaper and also are building an expanded ecosystem with many different defi-projects of different types, so you will not miss anything if you don't interact with Ethereum. Especially small investors prefer alternative chains. Personally I work on Polygon and Binance Smart Chain mostly.

This is very likely to happen but can't say for sure what coin will replace ETH whether it's a coin that already exists or there will be another new project emerging.
It won't be easy to beat ETH but if all the inconveniences due to high gas fees have not been resolved, it is very likely that people will switch to other coins that are more efficient and don't have to spend a lot of money just for a transaction.

Probably its happening because a lot of people nowadays were changing assets in order to save to save money because of that fees of ethereum. But when it comes market rank perhaps it's impossible in my personal opinion since ethereum has the fastest market cap in the market.. And for sure that's the only thing what competitors can get from ethereum situation, wherein the demand not the place of ethereum when it comes the market.  :D

Well, a lot of people have complained about the very high ethereum gas fee. competitors won't beat ethereum, but users who won't use ethereum anymore. imagine, for 1x transaction, the fee issued above $ 20, even if it's on the DEX, can be more than $ 50. well, if using another chain, it's only about $3 or not even more than that. well, because of that, people must think that what if the money used for fees is used as money for other investments. it could have been more profitable.
well, these are just my thoughts. however, I am currently very clearly avoiding using transactions from ethereum.

No, they won't be able to beat ETH even though nowadays many people complain about high fees, but on the other hand ETH has been around for a long time and has managed to gain a lot of trust from investors so it will help push ETH to continue to be king among other Altcoins, I hope that ETH 2.0 will be launched soon and become a positive trend for ETH.

I think it's not that easy to beat ethereum in its development, many blockchains are competing with ethereum but it becomes nil because Erc20 is not their competitor. In my opinion, the high transaction fees on the current erc20 platform do not corner Ethereum in the market.

ETH with its slow, expensive transoms is just deliberately "ruining" its future itself, giving new players like Solana and others the opportunity to squeeze out a huge part of the audience in a short period of time.

In general, the situation is crisis for both BTC and ETH. Both of our top players are hand-assed, clumsy oldies, who should certainly be retired. But the old guys of course are not going to give up, but the fundamental problems can't be solved (and most likely won't be).

the gas fee on ethereum does feel big for small transactions, but for large transactions, it can't be said to be expensive. in fact ethereum still has high trust even though the gas fee is more expensive. From this I think people will trust their trusted products more, so I think it will be safer to follow the major currents in the market

Ethreum's biggest competitors in my opinion are BNB and SOL. So far ethereum is still at the top of its rivals. However, if ethereum continues to be concerned about the high gas BNB and SOL will be a rival that is ready to replace ethereum in the future. Even now it has begun to prove that some projects are starting to migrate from erc20 networks to bep20 networks on the grounds that ethereum network transaction fees are very expensive.

Ethereum has never had a problem with expensive transaction fees so its position is still solid in cryptocurrency and what you say is true because the Ethereum Blockchain is a very big thing for many of its competitors to deal with right now.

Only time will tell us whenever "De-Fi" will become a widespread success or a failed experiment. The hype is still on-going, so we should give the industry a little more time before it matures enough for mainstream use. As you've said before, ETH is a prime mover like BTC. This gives it a huge advantage over its competitors on the market.

Despite the high gas fees, ETH's position has been untouched because it's the most decentralized cryptocurrency in the world after Bitcoin. No other smart contract platform can outmatch ETH's level of security and reliability these days. While the ETH 2.0 upgrade will diminish ETH's decentralization, it will still be a better choice than competing chains. As long as other platforms fail in prioritizing decentralization, ETH will remain as the leading smart contract platform for a long, long time. Just my thoughts ;D

i think solana may overthrow them. wallet is better at least.

Agree, other smart chains are not a formal contract, more precisely, the basic structure of many projects is in the Ethereum database, other branches like Solana and Binance were created just recently, and we all understand that a lot of information to move from one network to another takes a long time, so the old projects keep their system on their main network ethereum and add support from smaller networks to meet the needs of customers. These competitors are not a declaration of war, they are senders of intimate messages to each other to improve the field more, from cost to network.

I can only smile reading your post,!!!!! what do you mean if solana can overthrow them???
have you analyzed how good and bad the development of solana is today, but I do not deny that solana is a coin that has very good potential and prospects, but I never thought that SOL will beat the popularity of ethereum forever, I think everyone knows that ETH is very strong in the crypto market, even though it has a high fee but does not make ETH inferior to its competitors, the cause of the high cost of ETH gas is due to the large number of instant swap exchanges which causes the network to become more congested so that gas costs continue to increase in every transaction, I believe all networks, whether it's the Binance network, Solana, matic, and other coin networks will increase if there are many exchange transactions on their network,

More coins trying to replace ETH in terms of making transaction due to its high fas fee as welll slow transaction time. However many crypto users started with ETh and find it musch easy to use when it comes in making transactions. Even there are coins that can be use to do its job we cant denybthat ETH h system that is easier to understand and been available in every exchange that makes it universal in terms of doing transactions.

The thing is that BSC, Solana, Polygon and other alternative networks initially solved the problem of processing a large number of transactions per second. And even if these networks face the same load as the Ethereum blockchain, they will still not be as critical and will not entail an increase in the cost of transactions hundreds of times. Although undoubtedly the transaction speed will be lower than it is now.

everyone must say the same thing, namely the cost of GAS, this is relative if it continues as one of the coins that can be considered as selfish as possible. Although there are some recent developments but all of them are bullshit and have not been realized until now. What makes us dislike it because Coin wasn't created to make things difficult? from the outset the goal was to facilitate transactions. Then see what Ethereum does, is it worth it as a solution? Or just a burden? which benefits the big holders and merchants at the level of the pope.

We are quite simple, if there is another offer that is cheaper, then I say that is the solution. Ethereum will gradually fall out of favor if it continues as it is now. No solution was offered. Even Eth 2.0 seems like a failed product.

I think it possibly happen. Because nowadays there are a lot of network with their own fees, and some project already use it. For example, some new bounties in this forum, the project use BSC, MATIC, and any other network and we can count how many project that still made ERC20 tokens.

ETH network gas fees are currently very high, but the transaction process using the ethereum network is very fast and easier to understand and ETH is already available on every major exchange in crypto, making it very universal in terms of making transactions. I never thought that ethereum would be defeated by its competitors just because of the high fees, I'm sure other alternative networks will also experience an increase in gas costs if many users make exchange transactions on their network,

it's just a matter of time and they'll be finished up. good example is dropping the case with mist

I am not entirely sure if I would name it that way. I mean surely there is a competition and surely some are using some cheeky tactics there is no denying that, but a "declaration of war"? That seems a bit too much to say. It is just good old business method to get your competition out of the way by using the most you could use.

In most cases that is as risky as it gets and you might be considered doing something illegal in most fiat companies when you try to take a slight edge over others, but as long as you are not punished for it, or even not bothered by the punishment, that's fine. Look at Deutsche Bank, they were given billions in punishment, and that was nothing to do them because they made more in profit, that is how you get ahead in business world. It is ruthless and cunning, it is bad for rest of us, but it is how it's done.

Nothing do last forever or into the peak and whenever the current top coins hadnt performed well in terms of fees and other functionalities and there are

current ones which is patching up into those flaws then it would really be just a matter of time that it would be replacen and i wont be surprised

if this one would happen on ETH.Its been a while that we are experiencing high gas fees on this one.

They will and that is what happens now where many are looking for a platform that could save them from paying high fees.

Well, talking about their actions towards the issue, I guess, it is too slow too to resolve this and I'm quite uncertain if the next upgrade will stop this or it stay the same. I wasn't hopeless yet but it looks like Mr. Vitalik doesn't care this much and they just let things happen for a couple of years. Or, it finds no way to get put from this?

The answer is yes if the condition stated in your question persist. Ever increasing gas fees means more expensive transactions and the user will have to bear the cost. Even rich people don't have wasting money on transaction fees as they know that money making is not easy and the poor people won't be able to use the platform any longer thereby reducing business activities for service providers.
Alternative platform will therefore be required to meet demand,  Ethereum will remain popular but overtime alternative platforms with lower transaction fees will take it's customers.
This possible outcome strictly depends on the success or failure of ETH 2.0 and when it will happen, the longer the takes to implement the more popular Alt platforms like BSC, Solana, Polygon etc. will become.

ETH will realize their lack of increasing gas fee, because a lot people using ETH maybe an upgrade won't have a big change to the gas fee but in the future, I believe ETH can reduce their gas fee to the better one like others blockchain. But if the condition is still the same for a long time then ETH tren would be downwards.

The primary cause of higher gas fees is congestion. However, the traffic of transactions on Ethereum varies throughout the day. At times, you may see a lower gas fee for the same transaction that was costing you more ETH a few hours ago. I wish it’s will be change after some of next development.

In the last two years it hasn't changed anything and it's still happening as you said, so this is likely going to take a very long time because Ethereum is working on something else rather than solving it.

Looking at the market now I don't think that the so called Ethereum competitors stands a chance right now. Yes the way that ETH has been stalling has been quite a problem for everyone and people seriously hoping for the Ethereum 2.0 which will be merging with the original Ethereum and driving it from PoW to PoS.

When the ETH 2.0 is ready, ETH will be likely to beat many of its competitors with an extra miles with the way I am seeing things. Currently if you are to check how things has been you would see that there is already a huge gap between ETH and its competitors, such as Solana which has been leading the way as one of its competing coins in the market. Most of the devs are still making Ethereum their choice.

I think yes, ETH is losing everyday as other blockchain projects are gaining traction. Many industries have already joined other blockchain projects leaving ETH as a viable option.
If ETH keeps delaying the network upgrade which is already so late then it will pretty much lose a major chunk of it's supporters in my opinion.
That might cause ETH a lot of damage and might cause a decrease in it's market cap.

Exactly. Nothing has changed so far. Developers keep introducing hard forks, without a short-term solution for the high gas fees. They're only focused on the ETH 2.0 upgrade, instead of taking care of what matters most. You can bet ETH would've solidified its position by now, if developers introduced an immediate solution to reduce gas fees. I think they don't want to do this, because there's big money involved. After all, miners profit largely from gas fees. The higher the fees, the better it'll be for miners' pockets. Expect to see constant opposition to anything related towards benefiting the end user. Who knows if ETH 2.0 doesn't become a reality because of miners' opposition?

As long as fees remain expensive on the ETH blockchain, competitors will only grow higher in market demand and mainstream adoption. I won't be surprised if ETH loses its position as the second-largest cryptocurrency by market cap in the not-so-distant future. Just my thoughts ;D

How not to be a Problem with the high transaction fees now? I think this is still an obstacle today for everyone who transacts on ethereum. although the transaction fees are high, But for the Value and Price of Ethereum is not a problem in the Market.

I believe so, if those competitors will give us such a low gas/transaction fee there is a possibility. Solana blockchain is doing great especially those fees. Imagine the price of SOLANA last time compare today.

Possible but wont really be that simple because we know on how good smart contracts is and how many projects had been using up on this platform and had been also been famous on this market.

Its really hard to make out some speculations but everything could really happen on this market and if people would really be done with
erc20 high gas fees then i wont be surprised on that manner.

Everything could change and everything would be basing on the demand.

It seems that it is impossible to create the perfect cryptocurrency, although it should be striving for it. If a particular coin has free transactions, then it is losing somewhere else.
Ethereum has been around for a long time and has a strong team and community that supports it. Yes, with a long-term update, ethereum loses a little and weakens its position, but if the update is successful, then this coin will not only restore them, but also significantly increase both its popularity and price. Better to wait and see.

Even to see that ETH gas fee is too high compared to other platforms but still, we can see the huge volume of ETH traders and investors, the demand is stabled high, ain't changing as we first think it happens. That has to say that it won't give the chance for others to defeat ETH and probably the reason why is that the platform used by many projects is still in the market running well. In fact, it has been more than a year with this high fee and we've not seen such tremendous changes in which we can see defeat.

transaction fees on the ethereum network become very expensive because of the large number of users who use the ethereum network, This large transaction fee shows that the ethereum network is the most congested network and has the most users. This fact shows that even though the ethereum network has very large transaction fees until now there is still no competitor that can beat ethereum.

No doubt that many projects switch to BSC, Polygon or other, expensive transaction fees will not attract users and leave is better, examples are: RMP: https://medium.com/rampdefi/ramp-integrates-with-binance-smart-chain-liquidity-pools-launched-on-pancakeswap-and-julswap-f573fc873119

Which switched to BSC and I noticed a lot of big projects like RMP are switching to cheaper gas costs.

Ethereum focuses its blockchain on running decentralized programs, including Ether payments or transfers.

as we know that everyone who invests in crypto market, competitors beat maybe gas costs continue to increase/expensive, I don't agree because ethereum is the mother of all altcoins, the biggest platform is very high exchange rate, I believe ethereum developers will provide improvements effective which is sure to leave a positive impact.

Quite possibly, we even see the ethereum network starting to be abandoned because of the expensive cost of gas. And SOL will be a priority where ethereum will be abandoned SOL will be one of the best blockchain network projects.

With the path Solana's been taking recently, I don't think it'll become one of the best blockchain network projects. There's been several network outages/disruptions, putting the reliability of the Solana blockchain in question. You don't see this happening on Ethereum, as security, reliability, and decentralization is put first above all else.

I'd prefer to pay a slightly higher fee and wait a little longer knowing that my transaction will go through, than all the other way around. People prefer convenience on top of decentralization, so they'll go for alternative blockchain networks like Solana, and Binance Chain. Considering that most (if not all) competing chains lack decentralization, it's probable Ethereum will retain its place on the market for a long time. I'm fine with that as long as decentralization wins. Just my thoughts ;D

The advantages of the Ethereum blockchain are enough to remain the first, but high commissions on the network negate this advantage. Until the cost and speed of transactions in the Ethereum network are resolved, there will still be an outflow of users to alternative networks.

IMO, I may believe that the current Ethereum Network's transaction fees are a burden to micro and small investors, But I never believe that particular reason that Ethereum can be defeated because of huge transaction fees, It will not happen because Ethereum has a solid community in the background and second is the Eth 2.0 has not yet completely implemented who knows that the gas problem will be fixed after the full implementation of the Eth 2.0 update.

ETH miners seems like a cult group who love to see the outricious gas fee the network, despite all the upgrade and forks, gas fees still remain rediculously expensive. The market that ETH would have been controlling alone has already been shared but a total defeat is not clearly visible because of first mover advantage, continuous development of the network and massive offchain support, it will be difficult to display ETH from number 2 position by any competitor.

The first-mover advantage that ethereum has over most projects is something that is going to be difficult to overcome, however the issue with the fees is very important and the developers have yet to provide a solution to this.

This means that if they are unwilling to tackle the problem another project will always have the chance of surpassing ethereum and become the new point of reference when it comes to altcoins, something that all of the people behind ethereum do not want but that could still happen due to their incompetence and their lack of care for what their users really want and need.

Currently the ETH network gas fee difficult for small investor. ETH gas fee very is very high this year.But BNB gass fee too cheap. Most people uses now BNB. I Think ETH they will be solve that problem and more development. I Think BNB is strong compare with Ehereum.I think transaction gas fee solve this problem after update ETH 2.0.

I don't think competitors will defeat ETH due to ever-increasing gas fees. Because ETH is a very popular network and its gas fee has started to decrease lately. However, the gas fee is still higher than other networks. ETH developers are taking a lot of time but still no result.

I am not sure that ETH could be defeated at all. Not because I believe one or the other but because gas fee could drop at any moment, it is not a forever thing that the ETH gas fee needs to stay high, maybe in a few months they do something new and the gas fee would become under 1 dollars, is there a guarantee that they won't?

I am not saying that they will do it, I am just saying that the "threat" of it being there is good enough for most people to have that type of situation. This is why I really care about the current situation as it is and will probably stay that way. Sure other projects are not close enough at all, but the fact that even if they get close in development, there is a good chance they may still be lower.

I don't think that in the long run, it will matter much.

Fact of the matter is that ETH2.0 will bring a lot of the innovation that will curb high fees etc.

The prices of coins that are dubbed as "ETH killers" are already way too overhyped in my opinion. So the likely scenario is that they will all experience a correction when the 2.0 protocol gets released.

Theyve been actually saying this stuff on those earlier years on where those so called ETH killers but still even up to now they havent able to overtake the rank of ETH despite of the high gas fees at the moment.

Yes, its really pain in the ass on seeing on how high the gas fees but once that 2.0 would come out  then for sure everyones mind would really changed up and there might be some price surge once again.

ETH is really something that hard to be replaced in top 2 spot but well there would be always those possibilities.

IMhO, although some competitors like BNB, Sol, Matic or other platforms that offer lower fees, in fact so far, they cannot still defeat the Ethereum platform or network. Ethereum platform still dominance the crypto network used by most projects. Although I personally also feel so bad with the high fees of Ethereum network.
If this is going on continuously, maybe the position of ethereum network will be decreased and many more new projects will prefer to choose another network due to the fee condition.

Transaction fees on the ethereum network often drop to acceptable levels. For example, now it is 40 Gwei. But in general, for the final solution to this problem, of course, we still need to wait a while before the completion of the Ethereum 2.0 update. In addition, on November 24, Buterin initiated a separate improvement, which should reduce transaction costs in the network by about five times. I think that in the second half of next year this problem will be finally resolved. Ethereum's competitors are unlikely to make much headway during this time. Ethereum has been and will remain the leader in altcoins.

The gas fees have been very high in the ethereum network for a long time despite promises by the developers that they will try to solve this problem.

This is what it is causing many projects to move to other chains as it is going to be simply impossible for small investors to use their coins with such high fees, and while I do not think this is going to be enough for the competitors of ethereum to take its position at the same time it is something that is strengthening their position and it is not something that ethereum can ignore at all.

Yeah the recent situation of ETH and it's gas fees is really extremely annoying i have a few tokens that i would like to stake or to claim but i am only a small fish and those tokens are worth only a few hundred bucks each and to claim, to transfer and to stake them, i would need more than 100$ worth of fee at the moment and that is just a joke. Once they are staked i also need to pay a lot of gas fees each and every time i want to claim rewards so ETH really needs to do something in the near future (hopefully in 2022) in order to get the ETH fees down again into a useful region where everyone can use the ETH network as it is intended to be used.

Unfortunately I do not think the developers have a solution for this, I do not think they are ignoring the problem, I think they are incapable of solving it.

And it seems many other independent developers think the same as they are choosing other blockchains in which to release their projects and I cannot blame them, after all if things like what you are experiencing happen to all kind of small holders then this slows down the money velocity of those tokens to almost zero, and when that happens the value of any currency drops to zero as well.

Yes, this is because now almost all projects use BSC. And only a few use ETH. My tokens, for example, are at best slightly more expensive than the transaction price. Hope is only for network updates.

We'll have to see what happens after the launch of ETH 2.0. Most probably, ETH's price will skyrocket as people will gain the "FOMO" sentiment. Competitors' prices might stale, as ETH grabs all of the attention of mainstream investors and traders alike. While ETH 2.0 will alleviate the high fee issue, it's not a definitive solution for scaling the blockchain. Fees could go back up again if network load remains high. That's where so-called "ETH Killers" come into play. They may not be as decentralized and reliable as ETH, but they're extremely convenient for day-to-day transfers due to their low fees and blazing-fast speeds.

It's always good to have a diversity of blockchain networks in order to reduce the burden on the main chain. Competitors will never beat ETH, because the latter has first-mover advantage on the market. But they can complement ETH by reducing the load on its blockchain whenever possible. As long as people are able to gain financial freedom, nothing else matters. Just my thoughts ;D

They definitely will because many NFTs are now switching over to MATIC simply because the fee is a lot more cheaper and it’s probably better for the long term and not too depending on the ETH 2.0
Even after many months the problems about the fee in ETH is still unresolved, mainly because I think ETH has reached maximum in its capability.
Although it seems ETH could fix their problems in the future but switching over to platform like BSC or MATIC makes a lot more sense. ETH defeated by BSC or MATIC gonna happening slowly because ETH itself is still too big but if the fee problem still arise I think some of ETH market capitalization will move to BSC, or Matic, such coins. Im feeling curious what makes ethereum developers so long to implement the solution to fix gas fees while bitcoin needs only a single update and it has been decreasing the fees a lot through segwith and lightning network

I don't think so though even I don't have the proper answer for this because I'm not a developer but it seems like ETH is the better choice for developers this days and I'm even hearing a rumour that scam projects are now lesser on ETH platform since it costs more to run on ETH smart contract than BSC or others due to gas fee

I still think Vitalik Buterin hasn't given up on Ethereum, and when he does, its gonna be a game changer. The ethereum platform has a lot of things and of course, many projects riding on it to screw up perpetually. Crypto is high in competition and its a dog eat dog thin with Polkadot, Solana etc

Besides the gas fee factor, scam projects prefer to choose BSC chain because it is more trending than ETH chain. So, investors will be more interested to choose a project that uses BSC network. Scammers know well how to use a proper and effective way to attract investors.

How can Vitalik give up? You are funny, man. :D
What do you mean by "game changer"? Do you mean Vitalik needs to revolutionize ETH platform?
I don't know what Vitalik can do with the expensive gas fee, but I hear ETH 2.0 can be the beginning to solve this problem.

The number 2 largest crypto currency, Ethereum, also feels the positive impact. But on the other hand, there is one less positive factor, namely Ethereum's very high gas rates. Why are gas rates on Ethereum so high? And when will it come down?

I really believe the high gas fees will hold Eth from reaching higher prices in the future. With lower and faster blockchains launch, Eth will suffer from this negative gas fees feature.

I think TRC20 and BSC blockchains will reach higher adoption with projects in the Defi sector, as the upcoming Ferox/FRX decentralized hedge funding, Tron price will grow better. BNB has a brighter future too, thanks to its BSC chain network.

Investors are complaining about the Eth gas fees. It is aggressive and Ethereum has to take the right procedure to lower it before it is too late.

Ethereum is already a major baller in the crypto sphere and as such, I personally don't think competitors will take over Ethereum in terms of price and market cap(coinmarketcap position), but I do agree that there is a chance that competitors might overtake Ethereum in terms of decentralized app development and number of transactions on the network, but in terms of price, I think Ethereum price will continue to grow as bitcoin price grows because Ethereum is already considered as a store of value by some big investors.

I'm afraid so. The more projects switch to alternative smart contract platforms, the faster ETH will lose traction on the market. There are many fierce competitors on the crypto/Blockchain space that are too hard to ignore these days. People are often looking for convenience (instead of decentralization) so they'll choose cryptocurrencies with the lowest fees and fastest confirmation times. Consider why BNB went all the way to the top within just a few years since its inception. It's now the third-largest cryptocurrency by market cap, challenging Ethereum in every way.

I don't get why ETH devs keep delaying scalability upgrades, when competition is already catching up. Of course, decentralization & security/reliability comes first. But further delays will only make people look elsewhere. I hope ETH 2.0 comes into fruition soon, so high gas fees are put to rest for good. If it doesn't become a reality by 2022, then I'm afraid ETH will continue to lose market dominance until another competitor (BNB, maybe?) takes its place. Just my opinion :)

Offcourse its a absolutely right I said about this point the Ethereum fee is so high so this case the etherium loss there position because the investor are use and support other coins only on reason there Transection fee so many coins defeat Ethereum so i simply said that Ethereum community solve this issue.

I am pretty sure that even the ones who have it on ETH are trying to bridge over to Matic these days. I have seen a game that has a lot of different games under one umbrella and they are testing Matic as well. It is called revv racing and they have both revv racing regular game, f1 delta time and have motosports as well, and they are testing out matic with the revv one.

I am pretty sure that when people realize the benefits of it, they are going to go full on with the matic move. I am not saying that they won't do any ETH ever again, some games will definitely stay there no doubt but the new ones are looking at matic and even other networks increasingly more and more.

I am not so sure this is going to be the case, we know that while the price is affected by many factors, two of them are what kind of problem it solves and how well it does so, and in the case of ethereum and its high transactions fees both of those factors are heavily impacted by it.

This means that if the ethereum developers do not find a way around this then eventually many projects will leave them for other blockchains, limiting the use cases of ethereum and giving other projects the possibility to catch up or even surpass ethereum in the future.

Ethereum network much better after the overhaul that is the reason it's deferring however as we probably are aware beneficial things take time so I accept Ethereum engineers will introduce a successful update which will leave a positive effect and on the opposite side I don't think there is any however contender who can contend Ethereum of all time. Indeed, even the famous defis and loaning stages are opening themselves into numerous chains to draw in clients.

Of course. People will switch to MATIC and other alternative chains, as gas fees on ETH continue to rise like there's no tomorrow. In a world where convenience matters most (not security/decentralization/reliability), smart contract platforms like Binance Chain and Polygon (MATIC) prove to be a better solution than ETH itself. New projects are switching to MATIC these days, so it should only be a matter of time before ETH loses traction on the market. Developers should hurry up with the ETH 2.0 upgrade, or the world's second-largest cryptocurrency by market cap will be "toast". I know that they're focusing on keeping the blockchain as secure and decentralized as possible. But sometimes enough is enough. There should be a balance between decentralization and scalability in order to keep as much users on your project as possible. Otherwise, adoption will slowly decrease until the blockchain network becomes a "ghost town".

I hope that doesn't turn out to be the case with ETH, as developers work on a quick fix for the "high gas fee" problem. Once fees decline, then people will have no need to switch to other chains. I doubt competitors will ever beat ETH, as the latter has first-mover advantage on the market. Saying competitors will beat ETH, is like saying altcoins will beat BTC (which is highly unlikely). As long as decentralization wins, nothing else matters. Just my opinion :)

@Fatunad I agree. People are opting for other alternatives for Ethereum like Cardano, Solana or polkadot due to the high gas fee but when the Ethereum 2.0 will launch which has negligent gas fees, again people will start opting Ethereum and the price will see a surge.

Yeah but it's too long for the solution to be implemented while the competitors are starting to evolving as soon as possible to encourage the demand from ethereum and look at the market right now. So many new chains have been surpassing ethereum in term of regular transactions. This is shit to see ethereum developers being inconsistent with what they have said before. They said yes for ethereum 2.0 but this time they said no but tried to rebrand it. It's not only blockchain needs to be fixed but the developers as well.

Yeah but so many loyal supporters are making ethereum is still sitting at the second place of CMC.

Ethereum still has the largest share of the smart contract market despite its high transaction fees. I agree that if the Ethereum 2.0 launch makes the gas fees to drop to a level similar to the BSC, ADA, SOL or DOT blockchains, it will again start taking over most of the market. However, we are still not sure that the transaction fees will drop after the fork.

This is no longer a question of whether ETH gas fees are affecting the Network but if this is not taken care of by the Developers which also does not seem like they have this under control or are hoping to resolve this anytime soon, it might just cause even the remaining average ETH network users to flee.
Ethereum transaction fees are running sky-high. That's infuriating users and boosting rivals like solana and avalanche (http://markets.businessinsider.com/news/currencies/ethereum-transaction-gas-fees-high-solana-avalanche-cardano-crypto-blockchain-2021-12)
Ethereum May Be Losing Out To Competitors Due To High Gas Fees, Says JPMorgan (http://bitcoinist.com/ethereum-losing-to-competitors-due-to-high-fees/)

It is just a matter of time if this fee issue doesn't get resolved before ever ETh Network Project jump ship.

True, even they don't care about transaction fees because they buy and keep for the long term, the transaction fee is around $12 which is cheaper because they get big profit. I believe ETH will continue to stay in the top rankings for the long term.

There is a high possibility that blockchain competitors such as binance smart chain, solana network and even polygon network can defeat ethereum blockchain if the problem regarding gas fees cannot be resolved.

That is, if the problem will not be resolved. Because based from my research, the developers of ethereum smart contract blockchain are looking forward to upgrade it and transform it into ethereum 2.0, but there is no definite date that has been mentioned. However, even if ethereum smart contract high gas fee issue will not be address asap, i only see slim chances for other ethereum alternatives to beat ethereum. That makes ethereum the leading smart contract blockchain in the crypto market.

Despite the expensive ethereum gas, I don't think it's easy to beat ethereum in the field of the network they have trusted for a long time. The positive side of the high gas of ethereum makes the projects that rise on the ethereum network more serious so that there are not many scam projects that are published here.

People will definitely live on higher gas transaction fees for ethereum than to shift into other alternatives that is not as reliable as ethereum. Even myself, i don't see it that the issue will be fixed sooner, it may take a year or two. However, despite of ethereum's higher gas fees, it has also its own advantage above other alternatives which i think is blockchain technology as its widely used for NFTs and Defi tokens. That makes it more ahead from the healthy competition in the market.

Imagining the wide network that Ethereum has, that can't be easy to compete with. Maybe they could win in the other field like fees but that doesn't mean that they are winning already entirely. It could be somehow the competition couldn't just measure by its fees but of course, a lot of things to consider like volume, market prices, etc...
And I don't think that Mr. Vitalik will just let it happen but for sure he will take aggressive action against it.

They already accept that it become hopeless to see the ETH gas fee decrease as many years had passed that it never change. But if we only have another option to move our coins without the use of ETH, that would be the thing to do. However, with the connection has been attached to other projects it holds us, and still have no choice but to still pay huge transaction fees. But, this never is our basis to think that ETH has been surpassed by other projects, that is not enough, though.

For now its not really worth to make out some erc20 token based transactions yet fees would really be a big problem unless if you do transact big amounts then this wont be an issue but if you are just tending to transact small amounts then you would really be seeing this as a big problem.Speaking of getting replaced with competitor then it would depend on market demands and recognition because not all would really
be going on the same path and do still believe on what ETH had able to achieve in terms of its total relevance and actual utility.

Competitors will face the same problems (and maybe even more of them) very soon :)
The older blockchain gets, the more fixed it is. And younger ecosystems loo more safe and convenient until they face some real problems.
Look at Solana for example.

Etherium failed to solve the high gas fee problem and in future instead of reduce it will increase more. Miners period will be end and gas fee will be very high.
I cannot say than other project will defeat Eth but will attract many good project and investors. No one is happy with such a huge gas fee.
Avax,Sol,Luna can be future best competitors of Etherium.

the competitors boast thier low fees but when the prices also go up like ETHs price, they will also experience the same issue with high gas fees. and congestion to the network may even be worse. SOL has more issues than BSC. and the congestion on ADA is worse than ETH. Polygon(Matic) is the only network i found to be reliable. and cheaper tx fees. in terms of popularity however, is not. there is one that has a free transaction fee such as EOS, this is actually great but doomed to be very centralized and criticized all the time.

I guess the developers team of ethereum have planned it out on how to reduce the transaction fees since they are also aware on the problem. But there is no concrete date when will it happen. Despite that, i can see that ethereum will not be easily beaten by its competitors because its still the most established smart network wherein people have build their trust on it. Even the chief of Solana can attest to that and believed that its impossible to kill ethereum. Read it further here: https://www.quora.com/Which-is-most-likely-to-replace-Ethereum-Solana-Cardano-or-Polkadot-cryptocurrency

However, JP Morgan has his own interpretation on the problem. Check it here: https://www.businessinsider.in/cryptocurrency/news/ethereum-may-not-have-too-long-to-get-its-high-gas-fee-issue-in-check-according-to-jpmorgan/articlesho

The thing that gives ethereum leverage over its competitors is that these projects have already launched on its platform and migrating to a new blockchain like tron or bsc is not an option as this would cost more money and could derail a project that was well established. So in the actual sense high fees just reduce its network activity and not that they will lose users to these competitors.

I think it's not that easy to beat ethereum in its development, many blockchains are competing with ethereum but it becomes nil because Erc20 is not their competitor. In my opinion, the high transaction fees on the current erc20 platform do not corner Ethereum in the market.

If ethereum 2.0 won't happen this year, i think those competitors' developers will find ways on how to improve their network so it can be more competitive and ethereum users will have the reason to switch on other network. However, if we look on the side of ethereum, having a high transaction fee is not enough to stop using it, some users still prefer the ethereum smart contract because its already well established and most secured platform to use today. So they just ignore the current issue but still hopeful that it will be somehow be reduced soon.

really it's about we do not see any real inventions made to solidity by alternate chains. so eth stays as research center. but it's for now. one  move on that  by rivals and eth days are numbered.

In terms of market cap? Right now it isn't but as more and more projects go away from Ethereum, these smart contract projects that so called "Ethereum Killer" will slowly increase their market cap.
In terms of number of new projects? There is no doubt that these new projects are preferring cheaper transaction fees like in Binance Smart Chain and in Solana.

Well as long as the gas fees of Ethereum will be high, I think that it will decrease its users and new projects overtime. Lets see in the future if these other smart contract coins will face the same problem as Ethereum is facing when they reach the current price of Ethereum. Correct me though but I felt a slight increase in the fees in BSC though its not that high :).

Sooner or later ETH will take over again, I don't know why vitalik is slow with ETH upgrades but the future will be better, no matter what other projects brings to the table ETH will still remain the grand master of smart contract in crypto space, it's just like comparing BTC with Bitcoin Cash we all know that BCH has newer utility and faster speed but still can't defeat BTC.

Slowly but surely, ETH will lose traction due to its ever-rising gas fees. Developers must act quickly, otherwise competitors will continue to gain dominance on the market until they "beat" Ethereum for good. Just because ETH has first-mover advantage, doesn't mean that it'll retain its position on the market. It's all a matter of fulfilling people's needs in order to stay ahead of the game. With gas fees as high as $80, only whales will be able to use the ETH blockchain. The average person will look for alternative blockchain networks that are faster and cheaper to use (even if those networks are less decentralized).

BSC's been experiencing an increase in gas fees too, since more people are joining its blockchain network. But it's not to a point where it's ridiculously expensive like Ethereum. Developers just need to continue introducing upgrades to keep the blockchain network as scalable as possible. Unless ETH's long-awaited PoS upgrade comes up, we won't be able to experience a reduction in gas fees anytime soon. Just my thoughts ;D

Although ETH transaction fees are expensive but in my opinion it is difficult for other coins and even BNB to be able to shift ETH's position, the large number of large projects using the ETH platform of course make the transaction volume continue to increase so expensive gas fees cannot be avoided.

Unfortunately (and I say unfortunately because I like other coins too) ETH is not only there because of the first mover advantage. It is there because projects still prefer ETH and mainly ERC20 to be published. That is the big reason why ETH is still at second spot. Doesn't mean that it will never lose that position, we have seen plenty of projects lose that position but that doesn't change the fact that we are talking about something that is totally different reasoning then people expect.

As long as new projects keep getting listed in ETH and they keep getting popular, other projects will want to get listed there to be popular as well and that is the main reason why it is second. If projects slowly start to get listed in other networks, which already started but not growing fast enough, then we will see ETH getting to a lower rank one day.

Most projects prefer ETH because it's the oldest smart contract platform in the world. With a solid ecosystem of dApps, tokens, and services around it, ETH is too hard to ignore by mainstream developers and individuals alike. I guess no competitor can beat Ethereum no matter how fast and cheap they claim to be. Decentralization and censorship-resistance is what matters above all else. With ETH's PoS upgrade on the way, the main Ethereum blockchain will only become better over time. This will greatly solidify ETH's position on the market.

At least, gas fees won't remain high on ETH forever. Things would've been worse if fees kept rising without no indication of going down soon. As long as developers establish a balance between scalability and decentralization, there should be nothing to worry about. Just my thoughts ;D

The longer Ethereum's updates will take, the fewer users it will have.  I am surprised it has not lost momentum yet after so many months of high fees.  Who is still using Ethereum on-chain at this point?  The average user will not afford to pay the fees you get to pay for a basic transaction.

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Regards,
PrivacyG

Whales may be the only ones that will end up using Ethereum in the long run, as gas fees become too high to bear. The average person will be forced to use an alternative chain or a Layer-Two scaling solution (which brings friction) in order to save as much money from fees as possible. There's a reason why the competition gained traction over the past few years. If ETH fees weren't that high, competing chains wouldn't be within the top ranks in market cap today.

ETH developers should focus more on remediating the issue within the short term instead of stalling the public with the PoS upgrade. It's been years since PoS was announced, yet it's the day where it hasn't materialized. There are rumors that ETH will switch to PoS this year, but there's nothing stopping developers from delaying the upgrade again. People are getting tired of these "games" so the longer it takes for ETH to scale, the faster it'll reach its demise. Who knows what will be of ETH in the future? Just my opinion :)