The BNB gas fee will increase as price keep appreciating

[Adbitco]

I think you are looking the wrong way. BSC network has a low fee because it was done in a good way and the number of users is very small. I don't think anyone is manipulating the price (I don't think it is possible). BSC entered the market at a time when Ethereum was at its peak of popularity and almost all projects were built on this network. Thats why fees have been skyrocketing. BSC made great use of this and built its community. However, the king of smart contracts is Ethereum and after the introduction of ETH 2.0 everything will change and investors will start packing money into ETH. This is how I see it.

You don't seems to understand what my point of statement i don't say any false news about Ethereum nor BSC. i m trying to make something clear to we all concerning BSC network; there will be a time were we would still complained about transactions fees if the price of BNB kept increase so it's when Ethereum was launched, we were using 0.01$ worth ETH to move token then but today we spend $10 and above for just transaction fees.

[ZaraCB]

I also notice that Gas fee of Binance Smart Chain is gradually increasing. The gas fee that used to be in a transaction is now double. Also Binance Smart Chain network is now saturated. This is probably why many projects are now being launched on the polygon network.

[peter0425]

I also notice that Gas fee of Binance Smart Chain is gradually increasing. The gas fee that used to be in a transaction is now double. Also Binance Smart Chain network is now saturated. This is probably why many projects are now being launched on the polygon network.

Because binance value is really increasing and will go Up High sooner, there is similar situation in Ethereum recently when the Gas fee really increased as almost the same in Bitcoin transaction fee.
so yes BNB may experience losses of users as we are all concern in Fees when transacting .

[$crypto$]

I also notice that Gas fee of Binance Smart Chain is gradually increasing. The gas fee that used to be in a transaction is now double. Also Binance Smart Chain network is now saturated. This is probably why many projects are now being launched on the polygon network.

Because binance value is really increasing and will go Up High sooner, there is similar situation in Ethereum recently when the Gas fee really increased as almost the same in Bitcoin transaction fee.
so yes BNB may experience losses of users as we are all concern in Fees when transacting .

The price increase has an effect on transaction costs, so many will not experience the same thing if the token goes up high, actually, I don't really understand about gas costs and increases but what I have noticed is almost the same as BNB and Ethereum go up on every transaction.

For me, there is no loss from users because their network still has more transactions, including the Ethereum network, which has high gas, and there are still many users.

Polygon still has fewer users than BNB and Ethereum.

[Oilacris]

I also notice that Gas fee of Binance Smart Chain is gradually increasing. The gas fee that used to be in a transaction is now double. Also Binance Smart Chain network is now saturated. This is probably why many projects are now being launched on the polygon network.

Because binance value is really increasing and will go Up High sooner, there is similar situation in Ethereum recently when the Gas fee really increased as almost the same in Bitcoin transaction fee.
so yes BNB may experience losses of users as we are all concern in Fees when transacting .

One of the most common problem on where we do face on whenever a certain coin did really make out some popularity or famous on where transactions cant really be handled out or simply with scability problem of a certain coin which do really sucks.

We dont know if BNB would have some specific solution for this problem or would have some fork or something like that to resolve current  fee issues or just simply wait
for the network traffic to subside.

For now it would be just wise on not to make out unneccessary transactions specially now that fees is quite high.

[riskthebiscuit]

I think you will get a mixture of things. You will get a higher bnb fee base price for sure. But that doesn't mean it won't succeed. Solana is heavily centralized as it is and thats why they can offer such cheap transactions and speeds. Sometimes decentralization isn't everything, and the market seems to think that too. In the end, I hope they figure it out because really only Bitcoin is worth holding long term at this moment.

[Yogee]

Everyone will stop thinking that the gas fee is increasing on BSC as the value of BNB increases when we don't measure it in fiat value. The gas price dropped from 10 gwei to 5 gwei and it stayed there for months already. I don't think you should be that bothered since it's not impossible that it could become as low as 1 gwei if BNB soars to thousands. We all understand it's not that decentralized.

[Anonylz]

It is highly unlikely that bnb tx fees will ever be as high as eth gas fees, remember bsc was launched at the time eth was over the roof and the crypto community were desperately looking for an alternative, I believe bsc was design in a way that even if bnb prise increases the tx fees will still remain low, so I wouldn't worry about that.

[Rabi3]

It's why I will never fall for the BNB or centralized shitcoin lies and hype. Eventually you will all realize that Bitcoin is king.

While Ether is still struggling with the gas problem. If the other so-called "Ethereum killers" ended up with the traffic that Ethereum has or even slightly more, you are going to see a spike in fees in their networks as well.

definitely, even Polygon had troubles when aot of users joined in and the gas fee even though it's still very low, but it did increase, and Arbitrum is another example, it's supposed to be a layer 2 solution, but it had troubles and they had to do some maintenance after a lot of people started using as well, it seems like we'll still have the same problem for quite some time.

[Adbitco]

It is highly unlikely that bnb tx fees will ever be as high as eth gas fees, remember bsc was launched at the time eth was over the roof and the crypto community were desperately looking for an alternative, I believe bsc was design in a way that even if bnb prise increases the tx fees will still remain low, so I wouldn't worry about that.

Do you recently see the transaction fee increased?
As the price increase so the txt do increased.

[Pamadar]

It is highly unlikely that bnb tx fees will ever be as high as eth gas fees, remember bsc was launched at the time eth was over the roof and the crypto community were desperately looking for an alternative, I believe bsc was design in a way that even if bnb prise increases the tx fees will still remain low, so I wouldn't worry about that.

Do you recently see the transaction fee increased?
As the price increase so the txt do increased.

Indeed, but I see the point where the value of fees will not go as high as what happened to both Bitcoin and ETH,

BSC was designed to be a good alternative for those developers and investors who wanted to continue working with their assets,  the logic is there that once the actual amount of the coin increase the fees will also increase, so far it's still far from how much ERC charging us when using the chain.

[Naficopa]

I think you are looking the wrong way. BSC network has a low fee because it was done in a good way and the number of users is very small. I don't think anyone is manipulating the price (I don't think it is possible). BSC entered the market at a time when Ethereum was at its peak of popularity and almost all projects were built on this network. Thats why fees have been skyrocketing. BSC made great use of this and built its community. However, the king of smart contracts is Ethereum and after the introduction of ETH 2.0 everything will change and investors will start packing money into ETH. This is how I see it.

You don't seems to understand what my point of statement i don't say any false news about Ethereum nor BSC. i m trying to make something clear to we all concerning BSC network; there will be a time were we would still complained about transactions fees if the price of BNB kept increase so it's when Ethereum was launched, we were using 0.01$ worth ETH to move token then but today we spend $10 and above for just transaction fees.

I missed this discussion ..

Then we think the same. Of course, transaction fees will increase along with the popularity of BSC, just as it happened with Ethereum. Popularity, price, and fees go hand in hand. The more projects choose the Binance network as their platform, the more transactions there will be, and the more transactions = higher fee. Ethereum is a step further than Binance and if all goes well Ethereum 2.0 will start to regain its advantage in the market again.