Ethereum Gas Fees Drop

[lepbagong]

good news I think eth developer is working on it because they have always had problems with fees that are too expensive, so with this news it will make ETH users happy, and we are not faced with expensive fees anymore, I tried to send and do a fee in uniswap not arrived more than 10$ which usually takes more than 30$ for one confirmation.

but if you see the price of ethereum is going down, it's only natural that the costs are also going down, but can't conclude that there has been a true decrease in the cost of ethereum. because the information will be available in early July, the new system from ethereum can run according to what many people want to return to the old price and better speed.

so we can't draw conclusions for a transaction, but we look for various other transactions and in situations of heavy traffic. did it change correctly as expected, or is it still quite expensive!!! so if it is true that there have been changes from earlier, of course we should be grateful that it can be realized faster than the specified time.

[MoneyJ]

Layer 2 project such as arbitrum really gives us a glimpse of what to expect with Ethereum layer 2 scaling . If this is to continue , once 2.0 roll out it will be a drastic fall for the gas fee.

[wajik-tempe]

Many people of my community said it's because the preparation of eth 2.0 is almost done and fee is coming back to normal. People are moving to BSC right now due to low fees but i'm sure when ETH 2.0 is officially launch, ETH network will become strong again in terms of fee and transaction speed

[Psynthax]

It's affected by the bearish i think, everyone holding their coin and not much transaction happened that comes from dapps. but like a month ago, the gas could go down this low but could increase again suddenly.
eth 2.0 has nothing to do with it, even btc transaction fee at this time around also decreasing because people refuse to make transaction, after all if you see the pattern, in every pump the gas price or transaction cost in general gonna increase

[VanDeinsberg12]

First everyone is happy because the gas problem can be overcome by ethereum and I just hope this is not for a moment but for a long time, with cheap fees everyone can make transactions as they please

its cheap by many people standard but for dapps its still quite expensive i don't think the gas problem has been overcomed.


See how it takes $15 for swapping token thats still high and the problem comes from ETH price that is expensive, i just hope that in the future we can have two native tokens runs in ETH blockchain and the price is fixed that way we can have good thing for a long time it won't hinder the price growth
of this coin too. imagine if ETH price go up to $10000 above the fee gonna be 4x right now although the gas price supposed to be low in ETH value.

[inanilujimi]

Of course we expect eth gas costs to remain as consistent as this, with many defi projects now running on various smart contract blockchains at this point it would certainly not be good for ETH to continue to maintain high gas costs.

[Cling18]

It's good news for most ETH users because, to be honest, most traders and investors these days are struggling because of high gas fees and they're even using other coins that offer lower fees. I hope that they would continue working on this because it would also have a positive impact on ETH. 

[Kelvinid]

It's good news for most ETH users because, to be honest, most traders and investors these days are struggling because of high gas fees and they're even using other coins that offer lower fees. I hope that they would continue working on this because it would also have a positive impact on ETH. 

That should be considered by Vitalik as he was competing for the market demand of Binance Smart Chain otherwise, ETH users will jump to the other platform/smart contract.

These declining fees will give us some insights that the coming ETH 2.0 upgrade will be effective. We might able to see that it continue to drop.
So let's see what will happen next if there is a huge impact on the price or it remains the same. But I'm going to sure that this news will help to increase ETH users.

[kram31]

Hello guys! I share you these good news. Ethereum Gas Fees drop dramatically today to reach top-year low. The Gas Fees prices has drop 50% in the last 2 days. The graphic below shows the evolution of ETH gas prices during the last year.

If you have pending transactions, do it now and enjoy these low prices. Here (https://etherscan.io/gastracker) the link to track it and below a screenshot to see current prices.

Meaning, this is a good chance for us to made a transaction with Ethereum now, because surely when bitcoin begin to spike again in the market certainly ETH will also get increase and if that happens the gas fee will also surely increase and many holders will get a problem with it again in, so lets take this opportunity while the gas fee of ERC20 is got down.

[posporo]

That is very interesting, especially for those who choose to not made some transactions using ethereum because there are lots of people who don’t afford to make some transactions in ethereum transactions because it could be a huge loss for them so this is a big good need for them.

[cryptoknightt]

Is it true? I just found out about this because I haven't used the eth network for a long time, it's very annoying with a large fee. Is this related to their update ETH v2 ? if this persists many new projects will choose the ETH network again, and begin to forget about the BSC network. I hope ETH and BSC don't have a huge fee difference.

[Almasani]

~

Many are complaining about Ethereum's current transaction fees. Some even say that Vitalik repairs a running car. It might sound funny. Many people have commented on the state of Ethereum. Yes. I think this is the freedom of opinion.

[Fredomago]

That is very interesting, especially for those who choose to not made some transactions using ethereum because there are lots of people who don’t afford to make some transactions in ethereum transactions because it could be a huge loss for them so this is a big good need for them.

Yes, I myself will think several times to make Ethereum transactions, because the amount of the amount that I have to spend is only for one transaction, if the cost starts to be a little cheap, there will be many transactions that are starting to do by the person who is waiting now.

Indeed those who patiently waiting knowing that it's much wiser to wait for the fees to lower down instead of continuing then lose the investment just by paying for the transaction fees.

Lots of small time traders from ERC system are stuck and for sure they are now starting to proceed as the amount of fees are now more lower than before.

You can justify the value of your tokens with the fee that you'll going to pay.

[pedrillo0]

Apparently many DeFi projects are preferring to use the BNB network which is cheaper.
But what will happen when ETH goes cheap again with ETH 2.0?
That's an interesting question!
If you want to see the lowest rates for eth gas, I recommend you on weekends...

[zasad@]

Apparently many DeFi projects are preferring to use the BNB network which is cheaper.
But what will happen when ETH goes cheap again with ETH 2.0?
That's an interesting question!
If you want to see the lowest rates for eth gas, I recommend you on weekends...

View statistics of transactions and commissions. Binance Smart Chain lags very far behind Ethereum
https://cryptofees.info/

The amount of gas in blocks has been increased, so more transactions are placed in the block
https://etherscan.io/chart/gaslimit
Defi projects are not very popular now, so the number of transactions has decreased.

[Woodie]

Ethereum devs should be given a pat on the shoulder because these guys just saved their project, because the competition which is projects like tron and bnb have shown that they can work well under pressure without having to affect the transaction fees and fees are super low.

Great comeback eth you were almost losing that second spot 

[Noruka]

Still if you want to trade on Uniswap it is extremely expensive isn't it? The last time I tried it I was surprised because a normal transaction from MEW was like 6 dollars but when I checked the price for a transaction on Uniswap it said 45 dollars or so.What exactly is the problem there? It also didn't let me make any changes.

[Rexler]

I also noticed the gas fees have reduced significantly lately, seems like this would be the best time to transfer that token from wallet to exchange, really glad it dropped have been unable to transfer some tokens throughout this year, the gas fees required was way too much for me to ever consider paying.

In my opinion, the moment of reducing ETH gas is only for a moment to get the lowest list then the costs will go up again, it looks like the ETH developer has not found a way to solve the problem of high transactions on the erc20 network, we all hope to be able to enjoy the cheap gas fees like before.

During the daylight eth gas fees are normally high and at night sometimes its very low, if eth goes back to $4k, the gas fees will definitely skyrocket back up sadly, let's hope eth 2.0 fix this high gas fees issue.

[smyslov]

Still if you want to trade on Uniswap it is extremely expensive isn't it? The last time I tried it I was surprised because a normal transaction from MEW was like 6 dollars but when I checked the price for a transaction on Uniswap it said 45 dollars or so.What exactly is the problem there? It also didn't let me make any changes.

I have some altcoin that I want to swap and can only swap on DEX but the very high transaction cost will eat up my profit by 40% and I wonder why the volume on these DEX'S are high considering the very high fees, it made me think that Dex's have become the playground of whales because they can keep up with the very high fees.

[oscarftw]

Incrementally Ethereum transaction cost is going down. Yesterday I made some transactions even below the rate of OP mentioned. I made some transactions by 12-15 GWEI on the Ethereum blockchain by controlling GWEI. Those per transaction cost me below 1-0.83 USD. But the Ethereum blockchain couldn't handle all transactions, if new investors didn't shift to the BSC address.