Ethereum High Fee

[aayaan100]

What is the reason of high transactions fee in Ethereum Blockchain? How could this problem  reach to solved out for the Ethereum consumers? Can we expect this problem in Ethereum 2.0 too? How long this problem will take to solve out? Most of the consumers are not using Ethereum smart contracts due to this high fee transactions. What could be the consequences in the price of Ethereum due to this problem?

[rahmathidayat93]

There are some people who say that the high cost of gwei on the Ethereum Blockchain is due to the unfinished development of Ethereum 2.0, and even Ethereum itself cannot handle it at this point, so it is only natural that some people are no longer using smart contracts Ethereum due to high transaction fees.

[samcrypto]

There are some people who say that the high cost of gwei on the Ethereum Blockchain is due to the unfinished development of Ethereum 2.0, and even Ethereum itself cannot handle it at this point, so it is only natural that some people are no longer using smart contracts Ethereum due to high transaction fees.

This is why the ETH have to do something on this or else, investors will look for a good alternative because the fees are eating most of the profits that we get especially when you only have a small capital.

There's also some speculation that the fees gets high because of the hype on DeFi projects which technically works under the ETH Blockchain. The market is dumping so I expect the fees to go down as well so we can catch up good coins/tokens at their bottom prices again, let's see.

[bttmember]

There are already second layer solutions available in the market that provide fast transactions and lower fee for eth related transactions but people are not using them but looks like everyone is waiting for eth 2.0 for solutions.

[Xxmodded]

Success of DEFI project make ethereum gass price too high and we must paid more higher fee each transaction, I think the reason why transaction using erc20 platform wallet have pay higher fee many success and good project listing on uniswap, many investor make thousand transaction every day and almost good coin listing there to make investor have buy any coin there, this moment make have pay higher fees each transaction when buy coin on uniswap, one transaction neeed $20 until 30$ every time we wanna sell or buy coin there.

[ahmia39]

There are already second layer solutions available in the market that provide fast transactions and lower fee for eth related transactions but people are not using them but looks like everyone is waiting for eth 2.0 for solutions.

Now many people have used other means of making transactions in order to get lower fees, and waiting for a solution from ETH 2.0 is indeed good, but how long will you be faithful in waiting because ETH did not give a definite date for this, meanwhile people need solutions now in order to make transactions well.

[Princejebs]

It's better you choose and alternative way of moving your funds, traders are willing to pay anything to move their funds from and into this decentralized exchange, so an average trader is finding it difficult to make a transaction with ethereum network. There is network congestion on the chain with numerous transactions pending for confirmation.
Xrp and Tron is not bad as alternative.

[Jating]

What is the reason of high transactions fee in Ethereum Blockchain? How could this problem  reach to solved out for the Ethereum consumers? Can we expect this problem in Ethereum 2.0 too? How long this problem will take to solve out? Most of the consumers are not using Ethereum smart contracts due to this high fee transactions. What could be the consequences in the price of Ethereum due to this problem?

One reason could be the Defi hype as investors busy depositing it to lending platforms or performed a swap. How long we don't know, we are just starting or in the middle of the Defi hype so expect that the price will continue to go up.

Hopefully Eth2.0 will resolve this once they release it on November (hopefully). As far as the effects, I doubt that it will have a negative impact, as long as people making money then they will continue to used ETH although the profit will be lower. Or they can mitigate it right away by implement sidechains, just like Liquid for BTC.

[tourist2079]

The popularity of DeFi and more than 100,000 Ethereum-generated addresses per day have greatly increased the cost of transactions on the Eth network. Popularity is good, but it makes Ethereum in its current form practically unsuitable for further development and expansion.

[makishart]

What is the reason of high transactions fee in Ethereum Blockchain? How could this problem  reach to solved out for the Ethereum consumers? Can we expect this problem in Ethereum 2.0 too? How long this problem will take to solve out? Most of the consumers are not using Ethereum smart contracts due to this high fee transactions. What could be the consequences in the price of Ethereum due to this problem?

DEFI trend was the main reason why the transaction fees of ethereum has already touched the highest fees this year. This problem can be solved with the implementation of the serenity update through the next fork that will be happening in the ethereum blockchain.

I didn't think ethereum 2.0 will have this problem for sure as ethereum 2.0 will have a better scalability. You should wait until next year for this problem to be solved. No ETA about when ethereum 2.0 will be fully implemented.

[Febo]

What is the reason of high transactions fee in Ethereum Blockchain? How could this problem  reach to solved out for the Ethereum consumers? Can we expect this problem in Ethereum 2.0 too? How long this problem will take to solve out? Most of the consumers are not using Ethereum smart contracts due to this high fee transactions. What could be the consequences in the price of Ethereum due to this problem?

Price of fee is made from how expensive Ethereum is and how much transactions are. So if price of Ethereum will increase in the future and if number of transactions will increase in the future we will have more expensive transaction fees on Ethereum. Eventually when will be very high people will stop transact and some token will move to other asset platforms.

[Kupid002]

The popularity of DeFi and more than 100,000 Ethereum-generated addresses per day have greatly increased the cost of transactions on the Eth network. Popularity is good, but it makes Ethereum in its current form practically unsuitable for further development and expansion.

Not only the defi is the reasons the main reason I think is because we have a lot of tokens now jn the market morethan 1000 so if every one of that tokens have transaction it will result a traffic of transaction that what we experienced right now. Add the defi then boom high fees you need to pay just because you want to transfer your balance 

[Mauser]

What is the reason of high transactions fee in Ethereum Blockchain? How could this problem  reach to solved out for the Ethereum consumers? Can we expect this problem in Ethereum 2.0 too? How long this problem will take to solve out? Most of the consumers are not using Ethereum smart contracts due to this high fee transactions. What could be the consequences in the price of Ethereum due to this problem?

I think the main reason for higher transaction fees is that Ethereum is so successful lately. With more and more coins in circulation the transaction cost are rising. Similar things happened with bitcoins, once the coin became so expensive the transaction went up a lot. But I think as long as we make a good profit on your coins we can afford to pay the higher costs.

[jacafbiz]

I don't think Eth 2.0 will solve this issue with high transaction, it is likely to delay the doomsday, I think there is likely going to be a better solution to this scaling issue we have with Dapps, Ethereum team do not really see this as a big issue because they are all enjoying their millions but when a better, trusted team with a good solution comes with their own platforms and with a strong marketing behind it then we set.

[Nhor1011]

There are already second layer solutions available in the market that provide fast transactions and lower fee for eth related transactions but people are not using them but looks like everyone is waiting for eth 2.0 for solutions.

Now many people have used other means of making transactions in order to get lower fees, and waiting for a solution from ETH 2.0 is indeed good, but how long will you be faithful in waiting because ETH did not give a definite date for this, meanwhile people need solutions now in order to make transactions well.

I am a faithful  fan of Ethereum that's why until now I can't send my other tokens under eth because of the high transaction fee  I think better to find another alternative solution to it while the transaction fee to drop.

[WalkerIVIV]

The consequences will be when people are feeling bored with ethereum fees and then they could exchange their ethereum to the another coins that have a better scalability like TRON, DOT or something else.
Just look at how crazy people are to sending the transaction with more and more fees anytime. That has made the chain became triggered with the high fees and thent he chain has already taken it as a standard for sending the transaction.
It's caused b the ethereum chain is so slow compared with the another blockchain that exist in the market.
The only core developer itself can solve this problem.

[ekeh]

The ethereum high fee in time's of making a transaction from one wallet address to another, has been a concern, and, it really affect mostly on bounty hunter, delaying in payment, and some alt-coin in time of payment with a transaction change has keep everything pending.

[tabas]

This problem is about to be solved by the 2.0. But we're all guessing when it shall come, we have no idea when it will be finished and launched. The reason why the fees are high because of the defis and uniswap.
This made transactions to be slow and high because of the demand that we're seeing through those projects and on trend. The consequence is we have no option but to pay the high fees if you don't want to be stuck.