ETH Gas transactions price is about to hit 300

[MikeyVeez]

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

[totoy4741]

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

[Retainly_Collie]

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

[bakasabo]

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

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

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

[arufox]

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

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

[nomenclatur]

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

[affandi]

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

[dioanna]

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

[atjiat]

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

[Westfiled]

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

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

[whyrqa]

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

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

I was generally shocked today when I paid more for transactions than I needed to transfer funds. I can provide a screenshot of the transfer from the Trust Wallet app.

[chikator]

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

[Dollar_Hunter]

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

[Metall303]

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

[kakamrul]

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

[Thomas-s]

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

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

[royalfestus]

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

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

[Jackl87]

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

[Galley]

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

[jerrison]

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