Bitcoin Forum

With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI  can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as  the DEFI market continues to dominate.

With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.

Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.

trx is good, but I prefer polkadot because the cost is cheap same as trx, and the transaction is fast and don't forget that polkadot token trend is better than the trend token using trx blockchain, and this eth gas problem seems to be final and to expect gas to fall is with ethereum v2 which will be released next year.

Positive!!!, its a clear prediction. I'll go with your preference of TRX too, I still prefer the TRX network to Polkadot.

The only game changer is the upcoming ETH 2.0 that I believe will bring cheaper transaction fee that what we currently have now but I don't know what day or time the upgrade will commence, let's all have patience and wait

Every one keeps talking about Tron, I believe that the reason why Tron gas fee is cheaper is because the coin is still cheaper itself, it's same thing for Doge coin or litecoin too, just imagine if one trim coin costs 500$ wont the gas fee increase?

Déjà vu.

When ICO's are hyped we also saw how the price of Ethereum transaction fees went up.
Which is because, most of their primary method of payment is ETH.
The hype will calm down. It always will and fees will go back to normal. No doubt about that.

No one is talking about how this will end the dream of bounty hunters. Imagine, having token that is worth $30 with a fee that's high as $15, is that balance at all?
This is opportunity for other competitors to displace ethereum with this huge gas fee.
This is similar to 2017 ICO maniac

Transaction fee has been increased because the number of tx in ETH blockchain has been increased which barely have anything to do with the price. Apart from that, ETH supply isn't limited which over the time will create deflation. I don't think we will see ETH $1000 anymore.

The price appreciation of ethereum is never a problem, as a matter of fact it is even better for investors as they currently enjoy a very high return on investment and keeps them smiling as they cash out. But the gas paid on ethereum is fast becoming a challenge as people hardly transact from theri wallets as the prices are seeing the roof.

Wait for it,the defi itself will be disappear in next few months the same thing happened with ICO as well.Quick profits sessions are nit going to stay here forever and don't get fooled by the marketing strategies from projects.

Well, I stopped making small transactions a long time ago, I think many people do too, now the network is used only if for farming and large transfers.

Ethereum is becoming unusable, I know some people will disagree with this, a network with $10 transaction fee is not sustainable but my concern is that all these Ethereum killers are not taking advantage of this, I know Serum is betting on Solana and Podaldot teams is showing signs but they need to build infrastructure to support their platform

it seems true, that the increase in the price of Ethereum has something to do with the current Defi Project, Defi has attracted the attention of the public, especially coin investors. On the other hand, it is affected by the significant increase in BTC price above $ 11K. I think the current market situation is very good and a bullish market is likely to come soon.

I think etherum gas fees are becoming frustrating and this is far from the true blockchain ideology. It is said that from ethgasstation, fastest gwei to send out was 470 gwei, which is so high and outrageous. And there is no corresponding increase in etherum prices, why then is the gas fee so exorbitant ?

It would be interesting to see again Ethereum hitting a thousand dollars once again. But the recoil of it would be the fees. Not unless the network calms down and the demand for defis start to dry, fees will also calm down.

But I wouldn't comprehend that the network fees for Ethereum might never go down. It's like looking back to the ATH days when the fees were high or the crypto kitties trend but after those, the fees went lower.

The beginning of the month was welcomed by ethereum, as we have seen now that Ethereum is moving significantly or to be precise the current Ethereum price is $ 479. I think if the price of Ethereum continues to increase it will affect the cost of gas. If you look at the previous month when the price of Ethereum was still cheap, the price of gas was also cheap, and vice versa.

Do not worry as far as i know there are many solutions being worked on. Even some other projects like qtum are working on this issue plus i am confident eth developers will also come up with solutions soon.

Wait for the hyped ETH 2.0 to roll out and we will see whether these situations will be sorted. I remember how Vitalik Buterin used to mock the high fees of BTCitcoin in the past and how ETH is a much advanced shit which will never get congested and the fees will never rise because of faster block time period but time has shown everyone that these dreams were just a farce and that makes me chuckle :D.
No comments about the price as you never understand how these speculation and pumps work, common sense says that if the transaction fees keeps on increasing there is no way people will invest in it but cryptocurrency is a different monster ;).

The only positivity in this congestie scenario is that ethereum network and its userbase has grown to new heights and especially the number of transactions has really exploded which also indicates strong organic demand for eth and no wonder price will surge parabolically sooner or later.

It's absolutely Insane, I paid like 150 usd in gas fees on uniswap man today, I actually called it UNISHIT for the first time. I was about to buy another coin and it then asked me for 56 bucks worth of gas man, are you kidding me? I hope we get more interoperability and some of these tokens start moving to other blockchains otherwise it will only be whales playing the DeFi game on the ETHEREUM NETWORK. Thank GOD I made some profits this week otherwise I would have been really upset to pay all this gas. I am going to try farming on Zapper to see if I can pay less fees.

But how many DEFI is on TRX network at the moment? Ethereum has almost all in over $10billion value. DEFI on trx does not make as much profit like those on Ethereum which makes it more attractive. Ethereum is just exploiting the market trend with DEFI and the price pump also does not favour the gas. The network of transaction is busier with price increase in ethereum will go down when price corrects

$35 is just a huge amount already for a fee just to get thru a transaction. This is where a platform like TRX can thrive but it might not be long before TRX will also have this kind of problem. The more the price goes up, its always going to have a proportion gas fee which also something to complain later on. ETH gas fee is just getting too much, you'd have to consider just using other altcoins and I guess this is why ETH2.0 would make sense as well.

Tron will not such kind of problem cause it transaction confirmation time is fine but you dont understand that the thrive level of crypto is not about the Tps and if it was Bitcoin will have lost it number one position.

Nevertheless, the ETH transaction fee varies cause if the transaction was send personal wallet the fee are cheap than sending to exchange wallet.

yes I agree with you, now it's just hype defi and this is exactly the same as during the ICO trend, at that time the cost of gas was very expensive but when the ICO started to die, the gas price returned to normal

Actually it's not 100% because of defi, if you look at the article made by Cointelegraph DeFi it's not the main cause but here DeFi contributes a large percentage of the cause of increase in ETH Gas Fee I think maybe 50%, 10% I believe Dapp also has an cause, 40% of this comes from an Exchange that uses multisignature and the bad thing is that exchange has a lot of users using ethereum and that is also the factor why eth gas fees are so expensive.

End era for a token ~LOL.

I see this feels bad for bounty hunter and a lot cheater who sending their token earning ~LOL, 1tx need at least around 10-20$ with that's number money bounty hunter should be high. I think this is the era of ERC20 Token XD, thanks for DeFi because make the fee increase. Just the matter of time, soon we will reached 1000 Gwei fee transaction because the hype.

Gas fee for ETH is now being a common problem for all, moreover most tokens are based on ERC0. Sometimes, I feel like going to laugh when going to transfer title mount token and need to pay high fees more than $3. Well, this time, it is still good to hold it until the gas fee is decreasing. But, how if it will never decrease again? We can't do anything but just following the ways. It should follow how they make it and how the gas fees should be spent. And when I have no idea, just spend it for a high gas fee. No problem and consider that this is what we must pay to get our money.
But honestly, I really hope that the gas fee will decrease.

Its hard to abandon good technology like ETH but they should fix the fees so everyone can afford to transact as much as possible and if not, then people will start looking for alternatives just like that trx network.

The increase on price of ETH affects the gas fees and of course the volume of DeFi projects affects the fees as well. Well, even if it hurts to pay the fees we have no choice but to transact so we can earn more and cover that huge fees. ETH must be working on this now and make cryptocurrency more affordable to transact anytime, anywhere.

Not true at all, even if we accept the premise that the DeFi coins will keep goin up in value at some point those that are developing such coins will come to the conclusion that it is in their best interest to develop their project on other blockchains or create their own independent blockchain, after all it is not as if ethereum is the only coin where you can create DApps, this in return will lower the demand for ethereum and will lower its price and the cost of their transactions, so it think it is too naive to think that just because the fees are very high there is no way for this to change in the future.

No doubt situation is not good as far as the gas and fee are concerned, even the smaller transactions are charged big fee which just kills the purpose and concept of using cryptocurrencies, it was perhaps the other way round but lets hope ethereum network will come out of this congestion soon and we will be free to use and transact as our liking.

The current ETH fees is just so annoying, sometimes I spend between 7$  to 15$ in a transaction. The worst is when I'm on Uniswap, the swapping fees are insane lately. I was charged 8$ for sending out a token worth just 21$. I do not totally agree with OP that ETH fees may never come down, let's hope ETH 2.0 final stage brings a change.

I have the same thought with you, in my analyzation if that will be so difficult for the gas price to go back again to the bottom. There are some reasons for that

1. When people have done to trade in the defi A and then people will be jumping to the defi B, this makes the network has no chance to get the empty room to decrease the gas fees
2. If the bearish trend will be happening and people will actually put more and more tx fees to make their tx gets delivered instantly

The network will stuck at this place.

It is actually about to happen again. ETH is gaining momentum and growing almost every time I see it. Although, the increase in price started in about some days ago. At this stage that Ethereum is and with what I envisage, we might begin to pay as much as $50 for transfer of coins on Ethereum network.

Samething happened during the era of ICO hype and now it is here again because of Defi and owing to high transactions taking place thus I believe it will come down, also with ETH 2.0 on the way or rather coming up soon, there is much more to expect of the Ethereum blockchain in the near future. But something still stand, even with the high fee, people still not mind but continue with whatever they are doing with Ethereum.
Nevertheless, Defi hype will soon take a different turn thus stopping gradually, this is because anything about hype doesn't continue, there is always a time it will stop for others with more viable features to take over the hype and the circles continues as well.

Exactly, the gas fee of Ethereum currently is ridiculous. How will people be able to transfer their tokens if they are required to pay over $20 for  tokens which might be worth $50 or $100.  If the gas fees do not drop, a lot of projects might leave the ethereum blockchain platform and network.

The scalability solution for ethereum will not come this year and the core developer of ethereum is still testing it right now. It may come next year and with this defi madness on uniswap and I believe if the tx fees will be going so crazy. I just pay $35 for a single tx to buy kimchi and that's the worst thing that happened in ethereum blockchain.

We must be patient for the next year. The gas fees will never go down again.

It is difficult to say so far what will happen with the transaction prices of tokens on the Ethreum blockchain, but as long as the price of Ethereum continues to grow, at the same time the price of transactions will also rise, so we must hope that Ethereum 2.0 will somehow correct this situation.

I think so, it's already pumping   :o

if the gas of ETH will never go down then I don't think people will continue to support their platform many project will use alternative that they think will make it easier for them to transfer tokens. They need to fix it or else many ETH will be wasted for gas fees I see there are time that persons need to pay almost worth 30$ for gas fees  and that's not a good sign for the people  that only have small amount to send to other wallet address.

Ethereum 2.0 needs to be implemented right now for Ethereum to go higher, if gas fee keeps getting in the way it won't be easy for investors to get around Ethereum, many will exit for Tron and neo as better options available, this is insane.

I tried sending tokens worth 490$ and the transaction fee was 34$, tell me how will I proceed? I'd rather leave the token and stop making miners rich, only Ethereum miners are getting all the glory presently and that's why Eth mining is very profitable right now

Yeah Defi keeps dominating and the Uniswap made the transaction that is happening significantly higher in number. People should not expect the fee to experience significant decrease anytime soon because the main reason of fee increase which is uniswap still gaining momentum and probably the fee gonna increase several fold in the future.  It is time for Ethereum to find its way solving the problem because this platform gonna have massive traffic in the future.

Just imagine if Ethereum reach 1000$ the gas fee will be unbearable, that's why I believe it's never going to happen unless the 2.0 upgrade is released right now, I wish Ethereum team have already saw this coming and speed things up with eth 2.0

that's a problem for all ethereum network users, GAS that is unreasonable and too high many complain about all this, I saw that one of the exchangers was raising ethereum fees so many users have complained if this keeps happening then I'm sure will fewer ethereum users

Don't worry about gas price staying high forever. The eth price is high because of the bull market. It wi go down when the trading volume reduces.

You are not the only one with this kind of issue it's the complaint of majority of traders and investors and investors are watching and waiting when things will go back to normal I'm using Doge and Banano Litecoin to trade to my local currency, I cannot even buy something online with my Ethereum, but I will never abandon Ethereum no way not at this point in time.

It has already been imagined by everyone and you should also know that Ethereum tokens have reached prices above $ 1000 at the end of 2017 to early 2018, and the gas costs also tend to be stable and never even as high as they are today, so regarding the gas problem that high does not affect the price of a token, but on other things that we do not know for sure.

This has happened before every time the ETH market is going well and unstoppable. The Gas fees have reached to some point that you will never think of using ETH again. I have experienced last 2018 when I sold some of my shit tokens and it cost the gas fee almost the price of my sold tokens. I mean, that was hilarious! right now, we are experiencing the same event but this will not last forever after the price will fall again. But we don't know if the price will decrease again and if the price will still increase then the Gas fees will reach its All-time high as well. isn't it?

I also want to prefer the trx network .The way the gas fees increasing it is so tough to make any transaction .I did send 20$ yesterday and it cost 2.96$ gas fees it will so tough if the team don't work on it.

With the way things are going, the defi hype is real and i don't see the volume going down soon except something happens that may clamp down the price.
It's all turn by turn and all happening in Uniswap exchange. Haven't you noticed recently that whenever yf1 surge, that's when ethereum gas fee use to increase, this is making many loose interest on ethereum adoption.

Today's GAS is so crazy, I thought it would slowly go down but in fact it keeps going up. I wanted to send ethereum yesterday and was surprised to see what it costs to pay for GAS. ethereum is no longer crypto with low fees. you know 400 GAS per transaction is a high amount. when ethereum was at its highest, GAS price did not reach more than 400. but at this very strange time.

IMHO, This monstrous transaction fees increases have negative effects on the Ethereum network, because many users and projects were already affected by these sudden rises of TX fees let Ethereum know that they are not only the sole smart-contract provider some are already considering TRX, Credits and many more so If this greed will not stop I believe Ethereum will lose some of its users including some projects that using its ERC20 tokens.  

let's wait until Ethereum 2.0 are ready then,
hope they will improve their high gas issue and everything  ;)

when going to sell a coin which is worth $ 35 and costs $ 35 dollars too so what i got,
keep for longer the coins I'm going to sell in the hope that GAS costs will come back down, maybe that's what I can do.

This is nothing to do but just waiting. Traders and investors both are affecting the hing gas fees. I'm also waiting for the launch of the Ethereum 2.0  to eliminate or  drastically reduce and finally may stabilize the gas cost. Hopefully, this idea solve the problem of gas fees.

When you see that the transaction costs or gas that is usually used to deliver ethereum are too large then it is very reasonable because ethereum has high prices and ethereum also has high demand so it will make shipping costs go up, if you want to make gas costs go down then ethereum prices must can be cheap means ethereum prices should not be expensive.

This has advantages and disadvantages, with that of course Ethereum slowly rises and is very profitable for those who hold Ethereum but the shipping costs will be more expensive and this can make several sectors affected. Like exchanges that have to always adjust their Ethereum withdrawal fees, bounty managers who have to postpone distribution and also bounty hunters who can't sell tokens or don't get tokens of their work on schedule.

This has a very big effect on transactions, usually I use ETH to make withdrawals to local exchangers from outside exchangers but now I think twice because the costs are arguably expensive and also the transaction speed is slow as you say
it seems that slowly ETH will be like bitcoin where the transaction fee will be even and the transaction speed has decreased drastically
I think it's vital to tackle this immediately because almost 80% (in my opinion) altcoins are on ETH or ethereum blockchains

Do you think 1ETH will worth more than $500 at any time in 2021? Just curious.

One of the worst things about the gas fee surge is that we are missing out on the investment opportunity from the projects that are currently trading on uniswap. IMO paying $50 on the transaction fee is not feasible. If I am not wrong even BTC is a lesser transaction fee right now.

Can’t do business with Ethereum nowadays, no way that I’m going to pay such high fee’s and feels like you’re being robbed. Ethereum team should fix this mess, I recall Vitalik said in an interview that
but what is happening now is insane. Its just unbearable and it’s hindering business to grow specially that we are in bull season.

I also believe it will never go down, except that Defi becomes a scam and is no longer popular in this market. That is the only way that ETH's Gas drops back, btw I'm amazed that it took more than $ 10 to make 1 transaction yesterday.

The rise of uniswap alongwith the defi craze has proven to be troublesome for ethereum network as we are now experiencing never seen before gas charges and delays in transactions. Some users are also reporting long delays and cancellation of transactions. With a positive and hopeful attitude we still hope ethereum will come out of this but immediate action is required from the responsible people.

It is unbelievable how the gas price keeps going up none stop, and the worst part is most project are on the Ethereum network which means whether we want to or not we have to pay this high fees to make any transaction, and it seems this will go on for some time before things will go back to normal (i.e if they will ever will).

Agree with you, the gas charge becomes too high compared to before. I still remember a while ago I only needed $ 0.2-0.5 per transaction, but now I have to pay $ 5 for the transaction to be confirmed. That was a lot of money for me

You said it right. Nothing to we can do right now as the hypes of DeFi still killing the momentum, we can
do nothing but to play our cards and follow the process.
Paying huge fees in order to transact and continue the cycle, unless you can wait and you are willing to
lose the opportunities it's everybody's call.



And that's really sucked, you cannot sell now those junked tokens inside your wallet, seriously this fees
is really pain in the ass. The only option if you don't want to pay this high fees is to keep your assets and
forget about using this chain for a while.

Yes, I cannot sell the tokens in my wallet. It is worth about 15 $ but I have to spend over 5 $ on Gas fee, it's really not fair. Maybe I have to hold them for a while longer so the gas charge can go down and I can move it

I don't really know why the cost of ethereum gas is high, but if you look at the market sector, it is likely to be influenced by the increase in Ethereum prices itself, from another point of view it may be related to the Defi project that is trending. But my prediction is that the cost of gas will drop after the launch of ethereum 2.0.

This is not fare, we are suffering here and I don't know what the eth team are doing to lighten our situation, this high gas price is making us suffer, even we have small token to transfer but we can't transfer because of high cost, i wish many project are not erc20 tokens, things would have been a lot easier.

The solution that can be used is maybe using a product token from dex 1inch, namely CHI Gastoken because they claim it can solve a little problem with Ethereum gas, which is very expensive, but it just seems that it only works on transactions made on their dex but for other dex it looks like CHI the token still doesn't work.

That is what im afraid of. If Ethereum gas fee continue to stay high, many people will not prefer to using Ethereum anymore.
DeFi platforms are not only in Ethereum, there are on several blockchain like Tron or EOS.
Maybe Ethereum foundation team should find a way to reduce the Ethereum gas fee.

I am sure, if this is not fixed soon the developers will choose another chain, which as well as ETH holders will rethink whether to keep using ETH or switch to other altcoins that are cheaper for transaction fees, of course, this will reduce interest in adopting ETH as a method payment.

During the all-time-high price of Bitcoin (BTC) IN 2017, it also struggled with the same thing. The transaction volumes went through the roof and people from the Ethereum group promoted Ethereum as the Bitcoin killer and a alternative payment option or currency.  ::)

Now the price of Ethereum is going through the same thing and with the introduction of the gas ...transactions are becoming ridiculously high. Bitcoin did not except the situation lying down, the developers innovated and they created the Lightning Network as a side chain solution and currently with SegWit, miners fees are not an issue anymore. (Transactions are Lightning fast and super cheap)  ;)

Can Ethereum developers do the same?

Honestly, Ethereum gas fees is increasingly mad nowadays.  Just yesterday I wanted to withdraw an ETH blockchain based token I got through airdrop on CCTIP bot, I couldn't believe the gas fee.  I wanted to withdraw $23 worth of tokens and the gas fee was $22.5 worth of ETH... So insane.  Recently, Binance is considering increasing the gas fees of all Ethereum based tokens on the exchange. I think ETH foundation just have to do something about this.

people burn their money with expensive gas costs, I can only wait for the time to withdraw my money also in forkdelta, I still have some ETH there it seems that withdrawing will be very costly at this time, so what can be done now is to wait for gas prices down, somehow the price of ETH is still going up while this gas cost problem really annoys us when the market really starts to grow

Yesterday I saw such huge commissions that even 2017 is not so terrible))

That's too long mate,Even Bitcoin coming for Much higher fees but only stays at least days or weeks and not to the extent that will lasts for Months?
what if the price Hits $1000 IN 2022 Meaning This fees will Hold high till then?i doubt it is true.
Maybe this will not take long from this day,since the price of ETH is geting High and low.
Nothing you can do but wait mate,either fair or unfair yet we are only User and No one can help us in our sentiments.
I avoid using ETH now for conversion and i chooses ripple so i can save some Bucks.

The only way for Ethereum gas fee to get cheaper is if the price goes down, I've been tracking gas fee using this website since 48hrs now (https://ethgas.watch) and there are minutes or hrs that the gas fee goes lower but still it isn't a big difference

Except that will only decrease the gas fee temporarily, when people realize that the money they spend for paying the gas fee to get their transaction confirmed faster is cheaper because eth price is falling down they might increase the fee relative to what they think "enough" and then the bar will set high again for the gas fee.
The gas fee will indeed not gonna go down again anytime soon because uniswap and to be honest people who uses ETH to send money should just switch over to another altcoins.

Yeah that's seems right to me as well. ETH gas price is going higher & higher more and more.Defi is flooding on market right now.We hope eth gas price reduce soon otherwise people will start to use TRX soon               

Gas increased because of the demand for Defi of many investors. It has caused a lot of trouble for other projects and those who want to move tokens, it's hard to believe since each transaction costs about 4-5 $ and that's really a lot of money. Hopefully in the coming time, new Defi projects will use other platforms such as TRON, Cybermiles .. To be able to reduce the gas fee of ETH

It would be disastrous to have the Gwei hit 1000, because several persons would stop using ethereum for transactions. I personally won't use any Gwei that is above 100 and would even prefer to wait until the value drops to less than 50 Gwei. Its rather unfortunate that the value of gas fee has increased this much as ethereum is no longer competitive with other platforms like tron and eos.

Now there is some possibility to reduce ETH gas price  because defi hype is going down for now. As you see ETH price falling.In fact all ATLS Coins price are decreasing including ETH. Bitcoin price dumping as well. ETH gas rate still        high but Will dcrease after defi hype gone forever. Let's see.. When it happen     

It is very burdensome, especially for me as a user of small transactions. I really hope that gas fees can go down again so that I can resume transactions, both in large and small amounts. However, if that is not possible, it seems like my solution should switch to another block, for example moving to TRX.