ETH Gas transactions price is about to hit 300

[b1k4ng]

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

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

[50 Cent]

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

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

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

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

[iv4n]

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

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

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

[peter0425]

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

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

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

[bassbity]

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

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

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

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

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

[MonsterV]

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

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

[Akoldi_ibk]

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

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

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

[MonsterV]

Thanks for updating the news. Actually, I didn't check this tracker before making a transaction. Now I think I should do it. But cryptocurrency should be easier to use. Why do I have to visit before any transaction? I found that so many users suggest that they change to another blockchain because of the highest cost. This cost was staying active for more than 3 months.

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

[Convery]

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

[MonsterV]

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

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

you can see the movement of trade volume here :

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

[minatour]

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

[seven.71]

ethereum GAS up to now is too high Of course, many people think about transacting with the Ethereum platform, including me but now the price of GAS has started to fall to 125 hopefully in the near future it will return to normal

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

[jostorres]

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

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

[monig1981]

ethereum GAS up to now is too high Of course, many people think about transacting with the Ethereum platform, including me but now the price of GAS has started to fall to 125 hopefully in the near future it will return to normal

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

[Aaroenz0r]

ethereum GAS up to now is too high Of course, many people think about transacting with the Ethereum platform, including me but now the price of GAS has started to fall to 125 hopefully in the near future it will return to normal

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

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

[Vishnu.Reang]

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

[ice18]

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

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

you can see the movement of trade volume here :

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

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

[coin-investor]

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

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

[Kotone]

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

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

[qwizzie]

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

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

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

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

While the average Ethereum transaction fee is more than the daily income in many countries, the additional smart contract executions needed to engage with DeFi protocols
has seen users report fees of up to $100.