What is the future of Ethereum smart contracts with +$20 cost of gas?

[barabeku]

Ethereum's potential is far from being exhausted, and rosy predictions about the growth of its value are fully justified and are based only on the performance of the coin. It is clear that now it is not profitable for ordinary users to conduct small transactions. But Ethereum interesting to large investors who conduct big amounts!

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[joseyphil82]

Right now Ethereum aint a place for low investors because they won't be able to transfer their 50 dollars worth of tokens to exchange, gas fee is very high and out those that have large amount of tokens will find it easy to use still, the only chance people like us have is hope that a surge on the little amount of tokens we had

[ScamViruS]

ETH2.0 is going to make trx fees less as current Ethereum  Network can do only 15 trx per second that what is making te fees gets higher and higher, the new network on Ethereum 2.0 will upgrade this to 15 000 TPS this will make it less a pain the head to pay those gas fees.

Everyone is now waiting for the solution of this huge gas price of eth. You know how expensive this gas price is for a typical crypto user, the amount of funds they have, it is really difficult for them to pay such a high fee. Those who staked in the hope of making a profit are now in big trouble because of this huge fee.

As you said, I hope this problem of eth will be solved after the release of Eth 2.0.

[Fivestar4everMVP]

It's annoying of course, but I'm transacting thousands of dollars in stablecoins, so it's like a 1.5-2% fee for me. With how much profit I made in crypto over the years, it doesn't bother me too much, this is just the reality of bull market - you profit in tens of thousands of dollars, so don't regret having to pay a few dozens of dollars in fees.

How can you speak like this Mate? This is an inappropriate way to speak, what's with you is not necessarily the same for other people, that you've made tens of thousands of dollars profit so far does not necessarily mean itz the same for every one, also remember that there are many people just coming in to crypto who havnt even made a dime rather, they are looking for where to invest their money, and with the high gas cost, it's gonna be very difficult for them, Ethereum blockchain has been a disappointment lately compared to what it used to be, and I will also like you to know that if you making tens of thousands of dollars in profit and end up spending everything on Ethereum gas fees, how does it make sense?

[tvplus006]

...Today the cost for 1 transaction reached +$20!..

This would be a good commission amount when using decentralized exchanges, but in reality this amount is much more than $20, as you write. And as long as traders receive hundreds of percentages from investing in DeFi, they will pay such a commission, and even if it increases even more.