GAS fees on the ethereum network are slowly falling

[Nivia1st]

In recent days I have seen the price of GAS go down. which was above 100 is now starting to get closer to 50. This is very good for the future, what's more, the problem of the high cost of Ethereum transactions has been quite a while. The question is whether this will continue until the gas fees return to normal, or will there be an increase again as transactions become more intense on the ethereum network.

for those of you who want to see the latest GAS prices you can see it at https://ethgasstation.info/

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[airdata]

Now i don’t like for using Etherium Network for their High gass fees, now i used bsc Network and all people always like bsc network for their low transaction fees, but totally i cannot ignore Etherium Network. I hop in upcoming days eth gass fees will normal and we can use again this Network easily.               

[Sparrow96]

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.

[cryptoaddictchie]

To be honest, I don't know how much gas fee I've been contributed already on the eth network when I am using uniswap and dexes. Last time Ive check is 3.39eth already have been consume for my gas fee on my wallet. Excluding other wallets I've used. Damn when I thinking of this I don't know how much money has been going only on fee that supposedly can be used for a living damn ethereum kindly step up a bit.

[cryptobull27]

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

[malikg18]

It is a good news for ETh network users becuase most of the old and new projects are using ETH network. If There was no problem of Gas fee of ETH network then other platform may be less familarize. According to a news ETh network upgrade will be held in July of this year.After this All things will be normal.

[nakamura12]

Some may be happy with it that the fee is much smaller compared to previous fee. The wallet I use have 0.009 eth fee since the wallet I use is custodial but I am sti happy that it dropped compared to ETH fee before which the fee reach 0.0363 eth per transaction compared to not custodial wallet.

[DapanasFruit]

Good to know that the gas fees in the Ethereum network is slowly decreasing. But I would be more happy if they can bring it to a manageable level -- averaging not more than $10 and slowly going back to the normal range as before. This high transaction cost in Ethereum is a big insult to the people who are now trusting cryptocurrency. This has become a big detriment to people who are just holding small quantities of coins or tokens. Before you can be able to encash in exchanges coins or tokens with just face value of $5 because the whole thing can still be profitable...right now it can take a big miracle for that to happen. I am hoping a BIG miracle is coming from the Buterin team.

[masterrex]

In recent days I have seen the price of GAS go down. which was above 100 is now starting to get closer to 50. This is very good for the future, what's more, the problem of the high cost of Ethereum transactions has been quite a while. The question is whether this will continue until the gas fees return to normal, or will there be an increase again as transactions become more intense on the ethereum network.

for those of you who want to see the latest GAS prices you can see it at https://ethgasstation.info/

I also notice that recently the average gas cost was dipped down to 52 Gwie today when I'm sending Ethereum today only cost me $2 dollars I was damn surprised with this recent development in the transaction cost of the Ethereum Network I hope it will remain at that level so that many users will use Ethereum once more including me for sure.  

[Gorosden]

In recent days I have seen the price of GAS go down. which was above 100 is now starting to get closer to 50. This is very good for the future, what's more, the problem of the high cost of Ethereum transactions has been quite a while. The question is whether this will continue until the gas fees return to normal, or will there be an increase again as transactions become more intense on the ethereum network.

for those of you who want to see the latest GAS prices you can see it at https://ethgasstation.info/

Not completely good, it shows that lesser people are transacting with ETH at the moment, ETH team haven't fixed the high gas fee issue so I suspect that many people aren't doing transactions on eth network right now

Again this is also bad news for ETH miners, their daily reward just got more lower than before

[MoneyJ]

Its pretty much high as of the moment that nobody can afford to make simple transactions . Maybe Layer 2 will make it a  lot efficient for blockchain Dapps but as I have known, gas price wont be slashed. It is up to the market what the price will be.

[nightwishx]

Now i don’t like for using Etherium Network for their High gass fees, now i used bsc Network and all people always like bsc network for their low transaction fees, but totally i cannot ignore Etherium Network. I hop in upcoming days eth gass fees will normal and we can use again this Network easily.               

Yea, BSC was designed as a solution to overcome high gas fees on the ethereum network, but unfortunately there are still many projects that still use the ethereum protocol rn. don't get me wrong, I've always liked ethereum, but they have to be quick to find a solution for this crazy gass fee, because it's so bad for us

[Altcoinsintel]

Thanks for informing but I was using Ethereum with fees of maximum 10 gwei for gas. I don't consider 50 gwei to be low and will not going to use unless there is one digit in gwei fees again.
Now, considering the fact that it was above 200 gwei for some time during high network usage, I think that this means Ethereum is probably not used so much right now.

Maybe a good time to move some tokens in exchanges without losing too much money in miners fees.

[elda34b]

Its pretty much high as of the moment that nobody can afford to make simple transactions . Maybe Layer 2 will make it a  lot efficient for blockchain Dapps but as I have known, gas price wont be slashed. It is up to the market what the price will be.

Compared to the last few days where a 200 gwei will not get your tx to be confirmed in the next few minutes, I think this is way better. Just what exactly define "afford" based on your standard?

With the next updates of L2 and rollups, it will get even better. We just need to hope it won't get delayed for another year or more.

Thanks for informing but I was using Ethereum with fees of maximum 10 gwei for gas. I don't consider 50 gwei to be low and will not going to use unless there is one digit in gwei fees again.

You'll have to be patient then. I don't see that happens until the next scalability updates are live. I'd be glad if I'm wrong though.

[Stanlo]

I see, no wonder mining profitability is so low today, two days ago it's 4$ per rx580 and today it's 2.5$,    I need just two months more to get my initial investment back from the GPUs I bought very early this year, so far it's been so nice, EIP1559 could be the final blow to all ETH miners but let's wait and see

[coin-investor]

To be honest, I don't know how much gas fee I've been contributed already on the eth network when I am using uniswap and dexes. Last time Ive check is 3.39eth already have been consume for my gas fee on my wallet. Excluding other wallets I've used.

Right now I'm staying away from transacting on Dexes the gas fee is unreasonable I'm completely staying away from Ethereum, one of the gambling sites I'm playing has a huge $15 fees and so are the other centralized exchanges I'm trading with my Ethereum, until the gas fees are back to normal many are staying away from Ethereum.

[Ararbermas]

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

correct, infact mostly in bounty campaign section they're asking BSC instead of ETH, since making transactions on it is getting heavier day by day because of the gas fees.. If ethereum didn't fix this asap for sure they will lose massive support on this situation, especially right now wherein there are some new projects that has the same features with ETH and very smooth when it comes transaction as well so they must be aware on this.

[CryptoYar]

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The question is whether this will continue until the gas fees return to normal, or will there be an increase again as transactions become more intense on the ethereum network.

After the Ethereum berlin network upgrade, the transaction fee has significantly reduced. And it is expected that in the next update the fee will be reduced more.

But since the price of eth has increased a lot, so the fee will be high but not as much as it is nowadays. IMO

[Cadaver20]

Now i don’t like for using Etherium Network for their High gass fees, now i used bsc Network and all people always like bsc network for their low transaction fees,             

Now you don't like to use ethereum network because of high transaction fee and low transaction speed. Also you used BSC network to overcome this problem. But I would like to know if you would like to use ethereum network even if they reduce the transaction fee equal to or less than BSC network.  The only reason people are leaving the ethereum network and using the BSC network is because of the high transaction fee. I think if ethereum network solves this problem then most people will come back to this network of their choice.

[shinratensei_]

I think that this source is much better than ethgasstation in term of accuracy https://etherscan.io/gastracker

So many people were moving to the pancake and less TVL on uniswap compared with pancake has proven if the demand is slowly decreasing. The gas fees will never back to the normal. This is just temporary but when the hype will be coming again and there will be another spike in the ethereum gas fees.
It totally depends on how crowded ethereum chain.