Ethereum fees are crazy...

[Darkelf11]

Higher fees means that there are higher number of transactions that is being processed. It's likely that the hype on Decentralized Finance or known as DeFi lately caused it, there were more tokens that has been distributed/ circulating, more trades that happened, more sending of balances. With it currently having such high fee, it is expected that it will go down soon because the DeFi hype will eventually perish.

[1715100392]

1715100392

[Serco]

Higher fees means that there are higher number of transactions that is being processed. It's likely that the hype on Decentralized Finance or known as DeFi lately caused it, there were more tokens that has been distributed/ circulating, more trades that happened, more sending of balances. With it currently having such high fee, it is expected that it will go down soon because the DeFi hype will eventually perish.

and it should influenced to ethereum price, but its no okay if we still paid high fee for each transaction, investors and trader could move to another platfrom that have good network and low gas fee.  and defi maybe have contribution to this fee.

[escalante28]

Ethereum gas fees increase when the network is loaded. And this is because of the interacting with DeFi smart contracts, threaten the growth of the sector. And with the surging of Defi projects on Ethereum it has contributed skyrocketing with the fees.

[Punk4000]

So the problems for the high fees are "technical" not the "low stock" i am correct?...

In anyway we should expect low fees to the mid of the next year right?...

[Fredomago]

many users of the ethereum platform have complained about this unreasonable cost of GAS, I think long when transacting using the etehreum platform
didn't know this problem would end for example this problem persists, I am afraid that many will leave the ethereum platform, including me

Those who are continuing to use this chain got no other options with new projects that they are riding with the trends.
Uniswap mostly affects this huge cost as the network really busy working with every transactions that this exchange
is facilitating from time to time.

[deathcode]

Those who are continuing to use this chain got no other options with new projects that they are riding with the trends.
Uniswap mostly affects this huge cost as the network really busy working with every transactions that this exchange
is facilitating from time to time.

today GAS looks better due to the downturn even though it is still quite expensive as it is still above $ 1. but this situation continues to change even yesterday we saw the costs have to be increased very largely.
even though the network is very congested, and there may indeed be errors or interference with the ethereum network which makes gas costs very expensive. but if you look at transactions at Uniswap that require a higher fee than other exchanges, they still have large transactions.

[bobyhodob]

many users of the ethereum platform have complained about this unreasonable cost of GAS, I think long when transacting using the etehreum platform
didn't know this problem would end for example this problem persists, I am afraid that many will leave the ethereum platform, including me

Those who are continuing to use this chain got no other options with new projects that they are riding with the trends.
Uniswap mostly affects this huge cost as the network really busy working with every transactions that this exchange
is facilitating from time to time.

well this is all due to Uniswap and several other DeFi projects that make ethereum technology transactions increase and make gas transactions not as cheap as it used to be, the only way is to make an update from ethereum which can provide leeway for the transaction so that it can make gas costs become cheap again.

[Wildwest]

At the moment it is free from ethereum is very crazy and this we feel heavy when making withdrawals, but some of us feel advantaged especially those who follow their deFi project must get a lot of profit, but this sometimes feels unfair because some of us there are harms, I think this should be a change.

[cryptoknightt]

It is possible that if the erc20 network users are still busy, the fees will continue to increase and will not go down, actually this is the busiest usage as long as ETH has been made even beating the use of density during the 2017 bullrun.
I myself feel annoyed, but for a while every day eth gas can go down even if only for a moment.

[TopT3ns]

It is possible that if the erc20 network users are still busy, the fees will continue to increase and will not go down, actually this is the busiest usage as long as ETH has been made even beating the use of density during the 2017 bullrun.
I myself feel annoyed, but for a while every day eth gas can go down even if only for a moment.

When more and more transactions are created on the ethereum blockchain, it will make gas costs increase and the transaction will become busy and shipping costs will not be as fast as usual, gas costs will decrease when transactions decrease so that they are not as busy as when gas prices rise.

[Xembin]

Yes, the fees is very crazy now, I think many people will like to switch to other  cryptocurrencies, since the fees is too high compare to other platform like LTC, BNB, and BTC  that have low gas fees.

[Argoo]

Those who are continuing to use this chain got no other options with new projects that they are riding with the trends.
Uniswap mostly affects this huge cost as the network really busy working with every transactions that this exchange
is facilitating from time to time.

today GAS looks better due to the downturn even though it is still quite expensive as it is still above $ 1. but this situation continues to change even yesterday we saw the costs have to be increased very largely.
even though the network is very congested, and there may indeed be errors or interference with the ethereum network which makes gas costs very expensive. but if you look at transactions at Uniswap that require a higher fee than other exchanges, they still have large transactions.

With the high cost of transactions on the ethereum network, the situation is now, of course, very difficult. The web is very congested, but this is also a testament to its popularity. I try to avoid transactions with ethereum or its tokens for now. Most likely, the situation can only be improved by the implementation of Ethereum 2.0 improvements, which we have been waiting for a long time.

[dhemasm]

Looks like it's because new dApps like Uniswap that consuming high fee, Also as you know because of UNI Airdrop yesterday basically it's normal to assume the people that receiving it was trade their UNI on the platform which we know it have high fee, Well let's hope it will become normal again soon.

[husencoe]

Right now, ETH fees feel very expensive, I also hope that in the future there will be other alternatives in transactions because more and more investors make transactions so that the fee is also higher.

[Krabby]

Yes of course, GAS fee make me crazy....
But, if we have token or coin with high values maybe this fee its ok.

And i don't know why this fee very high right know. Maybe anyone can explain me ?

ETH's increasing transaction fees are due to the fact that Uniswap has a huge volume of transactions and all has to go through the Ethereum platform. That is what no one wants but due to the fever of the Defi trend, everything is on the foundation of Ethereum. When we invest, we have to bear those costs, and that must be the case for everyone.
Also, if you need to move money from one wallet to another then I don't think we should use Ethereum at this point. The fee is very high and it takes a lot of time to process the block. We should use XRP or Litecoin instead of BTC or ETH.

[rajakulam]

There is hope for a reduction in fee gas of course there is, but because currently there are so many transactions that keep fee gas from going down, many people who have jumped into the world of cryptocurrency have complained about this.

[icekohl]

Ethereum blockchain is really suck. After 3 years nothing solved. I remember at the end of 2017 when crypto goes crazy samething happen with ETH. And now for 3 years development they still not improve their network.

[South Park]

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...

It is inevitable, the space in each block is limited and the demand is high and we know what happens when that is the case right? The price of that thing goes up, which means the price you need to get a confirmation on the Ethereum network is very high at the moment, this is really bad especially for small investors as they may find the price of the transaction itself is higher than the price of their coins effectively making a bad business decision to get rid of their coins, and if you happen to be a trader those fees could kill any profits your system may give you making impossible to trade in a profitable way.

[wywoc]

I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.

[yangongear]

It is possible that if the erc20 network users are still busy, the fees will continue to increase and will not go down, actually this is the busiest usage as long as ETH has been made even beating the use of density during the 2017 bullrun.
I myself feel annoyed, but for a while every day eth gas can go down even if only for a moment.

So after many years Ethereum doesn't have any change? I wonder why they still in top 2 marketcap now. Many new blockchain with higher speed will replace them if Ethereum 2.0 doesn't solve that problems.