When will the Ethereum Gas Fee go down?

[Rampagoe004]

I don't think anyone knows Ethereum gas will go down with rising bitcoin prices making many people complain of high gas so that small coins are not worthy of being removed from their wallets, even though everyone wants bitcoin to go up, this actually happens not as expected, bitcoin should go up gas down hopefully the cost of gas will drop drastically considering that ethereum is also rising

[coin-investor]

I fully agree that rising gas charges have made many DeFi protocols virtually unusable in the future which could negatively impact the market price of Ethereum. Probably after the launch of EIP-1559 we will see a decrease in gas prices, but the exact launch date is not yet known.

I read that Vitalik Buterin supported this idea, but as I understand it, the miners themselves do not want this. I don't understand how this works, but clearly someone is preventing this from happening. https://twitter.com/VitalikButerin/status/1318387259482066945

It's between the traders, holders, and developers against miners, of course, miners will not like this because right now it's very profitable for them because all Ethereum users are paying them a high fee, the high fee cannot go on like this, we'll see the migration of developers from other chains, and this will be the sign that other platforms will emerge to give Ethereum a run for their money.

[masterrex]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

I think the only solution is to leave Ethereum and find another smart contract platform that suits your needs this is not 2015 anymore there are many smart contract platforms that have offered the same services as Ethereum but not greedy as it was. Binance Smart Chain is a good candidate PolkaDot and many more. The smart contract services are not monopolized by Ethereum anymore. just choose if you want to pay huge transaction fees or find more friendly smart contract platforms the decision is yours.

[Oneandpure]

Still not change with gas to lower fees because ethereum still on higher price above $1,700 but when ethereum have down there are any feature with gas down. Now the era seeing gas under 10 gwei have gone and you make or move transaction with bsc or binance fee where using bsc only take little fee for sending coins, I know looks not famous but when many people have move from ethereum with higher fees so bsc become best way as transaction coin

[aryana42]

When ETH 2.0 is implemented. Everybody is waiting for this, the gas fee presently is going out of hand, somehow more than bank charges which might be a great disadvantage if something is not gets done at earliest.

The Ethereum side will solve this, because if they don't care about this, everyone will run to another platform and as it is well known that there are so many users of the Ethereum platform, so if everyone runs away it will obviously have a bad effect on Ethereum itself.

[Francis Freeman]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

Honestly its really frustrating and I am fed up of ethereum based decentralized exchanges. I have to spend 100 $cin gas fee to buy something woth 100 $. It's only for whales. Can't wait for DOT to take over . Eth 2.0 when ?

[pealr12]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

I really hope competitors will grab this opportunity and provide irresistible service to users, the only reason am using eth is because am holding some erc20 which requires gas otherwise why will i be bothered about eth and its madness,
i think this is the best time and opportunity for competitors to take advantage and also for wise developers to jump ship and try other network, it can not be eth erc20 all the time.

[Kelvinid]

If you are transferring huge amounts in the ETH blockchain then the fees right now is just a small portion of the total amount you want to transfer. On the other hand, if you are just transferring just small amounts then fees will eat your whole money. You have 2 options, either wait for the perfect timing for the fees to go down (if it will happen) or stockpile all of your ERC20 tokens and withdraw/swap them at once.

In this situation, I'll gonna take option 2. Better to wait than to pay for a huge Gas fee, it is just like beating you up. It can be soon to change and get back to the normal Gas fee as we usually pay before. But the sad thing is that we can't take the opportunity to sell our coins at a higher price. Disappointing but we can't push to it, only we have to do now is to wait.



We can see a huge difference.

[el kaka22]

Many people do not believe me but I think it is going to go down very soon, of course not to 1-2 dollar levels but interestingly to 10-15 dollar levels. I know that is still a lot but I have seen as high as 40 dollars today, so going from 40 dollars to 10-15 dollar levels is still a big drop and I think it is still something we should consider a lot.

Of course it is going to take some time before we could actually reach to 1-2 dollar levels ever again, probably not anytime soon, but going under 10 dollars is inevitable and will happen sooner. Reason why I think this is the fact that we increased during this huge bull run, and everyone wanted to take part in it, and this caused people to spend whatever needed just to get involved. Eventually this bull run has to slow down, or maybe take a break, even if it continues to go up later on it has to give a break for a while, at that point fee's will certainly drop.

[Fivestar4everMVP]

I think the fees is even much better now than it was a few days ago, where I lost about $150 usd on gas fees, it was really painful and this has made me to decide to stay away from Ethereum transactions for now, cus am just a small trader, I can't afford to spend this much on Ethereum gas fees, it's killing, I just hope that they will find a permanent solution to this problem soon enough before it begins to affect the market share of Ethereum.

[Traderbtcc]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.

Right now one of the blockchain i avoid doing transactions on is the Ethereum blockchain, the fees are just too high for an average investor to pay per transaction, over $105 for just one transaction that's too much Tbh, nowadays I normally make transactions using TRX, so if you can't afford the high gas fees like me just exchange your eth to trx and make your transaction.
 

When will the Ethereum gas fee go down? Anyone knows?

I don't really know when the gas fees will go down, cause the price of Eth is still high and it's seems large investors don't care about it the high gas fees, everyone is coping with the new situation of paying high gas fees for each transaction, maybe the only time this gas fees will go down is when the price of Eth goes down, for now each TX is you will need $10+ eth to cover the fees.

[Oneandpure]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

Bad thing as bounty campaign hunter almost coin using erc platform as reward and many ICO still believe with ERC20 platform coin, now we need more than 10$ for sending coin to market but very crazy if you got coin listed on UNISWAP you need more than 100$ more each transaction there, from swap approved and later for selling coin, how long gas higher fees without any good moment when ethereum down to make gas down.

[tvplus006]

Can anyone comment on the words @spreekaway posted on Twitter: "Professional advice: using WETH instead of ETH for transactions on uniswap will save gas. (Approximately $ 10 per uni transaction at 140 gwei)". https://twitter.com/spreekaway/status/1359657519514271744 How should I pay for a transaction to take advantage of this advice?

[electronicash]

Can anyone comment on the words @spreekaway posted on Twitter: "Professional advice: using WETH instead of ETH for transactions on uniswap will save gas. (Approximately $ 10 per uni transaction at 140 gwei)". https://twitter.com/spreekaway/status/1359657519514271744 How should I pay for a transaction to take advantage of this advice?

that's something new. someone has to verify this one please. it should work to any tokens.

the problem is that i still can't try it since i don't have weth either. i have tokens i wanted to swap on uni and 1inch the fee is up to $83 of ETH which is just too much. all of the transactions today on ETH is just a reason to get out off their back and find a platform that will just asks small fix amount. the miners are the only that gets rich here.

[semobo]

The transaction for ethereum will go down when ETH 2.0 rolled over completely until that users will be facing issues with the transaction of ethereum and token (always) especially at the time of bull run. Why you don't consider other blockchains if you want to become a day trader or else just hold the coins in the exchange itself or simply convert into other coin which is having cheap fee like LTC,DOGE.

[MrcMrc]

This issue of ethereum high fees has been a persistent one since the 2017 bull run until date, but I believe with the coming of the ethereum 2.0 version this issue of high fees will be dealt with so let's just wait for that development.

[MishaSER]

I fully agree that rising gas charges have made many DeFi protocols virtually unusable in the future which could negatively impact the market price of Ethereum. Probably after the launch of EIP-1559 we will see a decrease in gas prices, but the exact launch date is not yet known.

I read that Vitalik Buterin supported this idea, but as I understand it, the miners themselves do not want this. I don't understand how this works, but clearly someone is preventing this from happening. https://twitter.com/VitalikButerin/status/1318387259482066945

It's between the traders, holders, and developers against miners, of course, miners will not like this because right now it's very profitable for them because all Ethereum users are paying them a high fee, the high fee cannot go on like this, we'll see the migration of developers from other chains, and this will be the sign that other platforms will emerge to give Ethereum a run for their money.

I cannot understand what the benefit is, I was looking at the mining income calculator and I did not see the difference between ETH and BTC. I recently launched both on my computer.

[leea-1334]

There is nothing wrong with Ethereum. You should see the current conditions where transactions on the ethereum Network are quite dense. The number of people doing transactions in Trades like Uniswap today. this is a natural thing. plus the increase in ethereum makes estimations also increase. I myself postpone sending my coins now because I will be a lot of fees. The fee that I have to pay is even 20% of the token value to be sent

Well, that is arguable;) There were a lot of things wrong with Ethereum from the beginning (DAO?) but eventually they have turned their fortunes around so even critics like myself we were finally convinced,,, but still I"m sure the co-founder himself would admit ETH 2.0 was there to fix as many problems as possible! So for sure, something is wrong with Ethereum:)

[arifteguhr]

What is certain is that apart from the fact that the price of ethereum is currently rising. the factor that made the Fee go up now was the density of transactions on the Ethereum network. if we see today So many people are trading on the Exchange Dex. the effect of high Airdrop since last year has made transactions crowded and has an impact on the Fee which is currently increasing quite high.

[valek.bruno]

Previously, when the cost of ether was $ 300, I never asked such questions, but the complexity was not so high. Today, the main difficulty that falls on the network is swap applications. I think they are adding complexity. As soon as the interest in them decreases, the commission will return to the previous values.