ETHEREUM GAS FEES MIGHT NEVER GO DOWN AGAIN

[qiwoman2]

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.

[royalfestus]

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.

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

[cabron]

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.

$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.

[suzanne5223]

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.

$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.

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.

[restuibu]

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.

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

[Denies Distro]

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.

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.

[ryzaadit]

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.

[Rengga Jati]

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.

[samcrypto]

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.

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.

[Silberman]

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.

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.

[articlecity]

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.

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.

[IvugeoEvolutionCoin]

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.

[marks1976]

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.

[pedpedped101]

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.

[Shallow]

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.

[minersday]

Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH.

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.

[chanc3r]

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.

[trauchot]

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.

[emmaglory5]

I think so, it's already pumping   

[Kupid002]

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.

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.