GAS fees on the ethereum network are slowly falling

[Woodie]

Actually noticed this too, thought this was going to be a temporary thing but seems to hold up well fees are now as low as 55 gwei which hasn't happened in a long time.

Maybe the berlin upgrade is in full throttle and miners have got the hang of it, just hope it will be possible to send tokens for as low as $5.

[inanilujimi]

Until now, Gas price is still around 50 gwei on the ETH network, I am not too impressed if the ETH gas costs go down because most ETH users switch to the BSC network, which automatically network traffic on the ETH blockchain is not as crowded as it used to be.
maybe if ETH could equal the gas cost of BSC then it would be very attractive.

[Henrobakkara]

It's good news for me as I am holding some tokens in my Ethereum wallet. To take them into CEX, I have to pay more than their value. So, hoping for more decrease in the gas fees.

Likewise. I have been hodling some token for a while now that is anoly available for trade on Uniswap but the gas fees have been crazy so i decided to continue to hodl then cos I cant afford to spend that much in transaction fees but just found out from some post here that some time in the days and some days in the week mostly weekends have lower gas fees and i did try out a transaction a while ago with a much lower fee than what I would have paid for same transaction if I had done it days before now. I think we should be exploiting that direction for now to reduce the gas fees until this issue is resolved by the eth team.

[Pamadar]

Until now, Gas price is still around 50 gwei on the ETH network, I am not too impressed if the ETH gas costs go down because most ETH users switch to the BSC network, which automatically network traffic on the ETH blockchain is not as crowded as it used to be.
maybe if ETH could equal the gas cost of BSC then it would be very attractive.

That might be a very good competition towards this two giant chain.

If ETH can equalized the current fee from BSC then the benefactors are the end users who use this chains, so far there are traders and investors who are okay and enjoying this current cheaper transaction fees for ETH they can move their assets that being hanged and start
making some decent money or liqudate to reinvest to other projects.

[lxiaoh]

Yes,gas fees is falling, it is a good sign for transaction.But on the other hand, i consider why gas fees is falling these days, is it means the Ethereum Network is unbusy now, think about the crypto market these days, in my opinion, these gas fees fall is bad, maybe Bear market is coming now.

[TastyChillySauce00]

It's even 35 gwei now, definitely a good time to make transaction for those who wants to move their erc20 considering the gas required for it is humongous and now finally I can use swap platform again since a long time i've been using cex because i'm gonna go broke if I need to pay the ridiculous fee. But what exactly the cause of the gas fee price decrease though? I've heard somewhere else that the high gas price was caused by the trading bot in dex or cex that didn't lower their fee but it seems the fee has been decrease all of a sudden, maybe it's because majority of people holding their eth or converting it to btc already?

[poodle63]

ETH better make some moves fast, because all eye is on BSC for it's low transaction fee i.e. very efficient for people to do multiple transactions with small amounts.
BNB has all the chances to rise more

No need to be in hurry because the nature of eth's blockchain and bsc's are totally different. most of people who uses BSC always buy bunch of shitcoin anyway meanwhile the newer projects that have good quality still stay in ETH and hopefully it will stay like this when majority of people move over to BSC because dang I miss ETH before it's got too overcrowded like before, now that many people have migrated to BSC it's like a breath in the fresh air.
Seriously, BSC is absorbing all the generic swap and shitcoins out of ETH blockchain which is good  .

[mueddib]

Hello

this is a fix that came after ETH Berlin upgrade. it took place in block 12244000 and i'm sure this will go like this for a while.

[triat]

It's even 35 gwei now, definitely a good time to make transaction for those who wants to move their erc20 considering the gas required for it is humongous and now finally I can use swap platform again since a long time i've been using cex because i'm gonna go broke if I need to pay the ridiculous fee. But what exactly the cause of the gas fee price decrease though? I've heard somewhere else that the high gas price was caused by the trading bot in dex or cex that didn't lower their fee but it seems the fee has been decrease all of a sudden, maybe it's because majority of people holding their eth or converting it to btc already?

I did not expect such transactions from this network. Finally, we have waited for it. If such a commission lasts for several months, then the real price tag on ETH can reach 5 thousand for 1 token.

[ILuckyGuyI]

According to today's data on Coinmarketcap, the gas fees are like this. I hope that we can see the fees staying at these levels the most permanently. Maybe it won't happen for now and will rise again. But like I said before, it's not an impossible problem to be solved. I believe we will get rid of high fees in time.

[kokrokok]

Maybe ethereum has noticed that some of the projects using their platform have started to go to use Binance, but even though fees have fallen, it's still more expensive than their big rival (Binance)
hope ethereum fees will continue to fall. btw now 38 GWEI

[Tigerheart3026]

maybe today i seen lowest gas fee in the last few months. its surprising 43 gwei for fast transaction if i do not see wrong.

i hold some coins to few months btw i cannot sell for gas fee. finally waiting is ended now it seems affordable transaction fee. i hope fee will more falling gradually.

[Natsuu]

And it is still falling and falling, I hope this keeps up, but I fear that if people comes back and hops in again, The gas fees will also increase again. I hope they've already come up with something to deal with this.

ETH KEEP UP!

[Teraboy]

There is no solution that can solve this problem on Ethereum's side. There must be something that triggers a reduction in the cost of gas on ETH. Perhaps many have switched to bsc to be one of the causes, resulting in a decrease in transactions on the ETH network, and if this continues, it is not a good thing for ethereum's survival.

Have you noticed that if the tx fees on ethereum chain already decreased so hard? I just see that recently and it looks like something happening after the implementation of berlin fork.
I think that you must see this https://etherscan.io/chart/tx

The daily chart for averate txs on ethereum network is quite stable. I don't even think the exodus already given big impact to the fees.

[kidbounty]

and now the price of GAS is in the range of 40. This is very good for the future. I hope the price of GAS returns to normal as before. this will be good for eth rally later. Many people speculate that eth will be replaced by BNB because of the high transaction costs, but if you see gas prices go down. there is no more reason to switch to another platform.

[bittick]

Actually noticed this too, thought this was going to be a temporary thing but seems to hold up well fees are now as low as 55 gwei which hasn't happened in a long time.

Maybe the berlin upgrade is in full throttle and miners have got the hang of it, just hope it will be possible to send tokens for as low as $5.

I actually hope that this isn't temporary thing considering so many people have been moving to BSC and the projects aswell because y'know BSC was made by binance, now that the fee has been settled "kinda" and even EIP1559 hasn't implemented yet I'm guessing we gonna see a lot more reduction of gas price in the future hopefully.
If ETH could reach 100.000 tps which really sounds good considering ETH has been slowly fixing its problem even though the current state of eth still has around 15 tps

[sadewa69]

and now the price of GAS is in the range of 40. This is very good for the future. I hope the price of GAS returns to normal as before. this will be good for eth rally later. Many people speculate that eth will be replaced by BNB because of the high transaction costs, but if you see gas prices go down. there is no more reason to switch to another platform.

I've seen how transaction fees have started to drop. hopefully this will last a long time and not as usual which is very volatile.
With these fixes we will soon see trading on the Ethereum network increasing. we can watch Uniswap will heat up soon. it looks like ethereum momentum will soon be seen in the market.

[tyz]

This is not surprising, because even currently the number of transactions is slightly decreasing, therefore the transaction fees are also decreasing. This is certainly also related to the price correction in crypto at the moment. The fees can quickly shoot up again, should the price of Ethereum and crypto rise again.

[bison]

because there has been no announcement from the team regarding the settlement of this transaction fee which reportedly will be completed in July this year.
so there is a big possibility that what is happening now is the impact of reducing transactions in the market.
but the decline that occurred was very fast. take advantage of it immediately because this may soon lead to increased transaction costs again.

[slashz9]

eth updating the network so that fees will be lower, maybe it is done to return or withdraw people who have moved using the bsc network, hopefully the eth network will return to normal and approaching bsc for fee issues.