Ethereum Gas Fees Drop

[adriaparcerisas]

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.

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[john1010]

It is because many of its holder chose not to transfer eth because of high fees? well if it is true that's good news, I will now transfer my small balance from MEW to binance lol!

[anatolij.shishkin]

Does not matter. The transaction costs when using decentralized exchanges remain quite high. And this is despite the sharp decline in prices. However, this is no longer a bad thing ... Because personally, I'm tired of paying $ 100 for 1 transaction ...   Today I took the tokens from the forkdelt. 38 $

[Argoo]

Most likely, the transaction fees on the ethereum network dropped to several dozen GWai due to the general drop in prices in the cryptocurrency market. The price of erc-20 tokens fell very much, it became unprofitable to sell them and the load on the network dropped sharply. In addition, reducing the price of ethereum by almost half also contributes to lower transaction fees. Although this is not a solution to the problem as a whole, however, even such an improvement in the situation so far relieves tension in this network. Hopefully in July, following the London hard fork, low transaction fees will be the norm.

[watergold]

maybe it's time to bring back the long-rising GAS costs. and Erc20 network coin or token holders are already looking forward to reducing Ethereum fees. Well, even though the GAS fee waiver was affected by this week's big correction. with the risk that the price of tokens and coins to be sent will also decrease.
at least we were given the opportunity to experience the low cost of GAS again. The good news will come, after all this time we have been waiting for us to finally be quite relieved, even though the green color of the market is no longer aggressive.

[MusaMohamed]

16 to 30 Gwei for gas price is very good and cheap. Many months since April last year, with the trend of DeFi the gas price on Ethereum network often stays at high cost.

Up and down but price is excessively expensive and the fall of Gas price in Gwei is good. It is supported by fall of Ethereum price as well.

Time to move your ERC-20 tokens. Cheap gas price does not last for long or forever.

Check gas price ahead of your token transactions. https://www.gasnow.org/

[imamusma]

Does not matter. The transaction costs when using decentralized exchanges remain quite high. And this is despite the sharp decline in prices. However, this is no longer a bad thing ... Because personally, I'm tired of paying $ 100 for 1 transaction ...   Today I took the tokens from the forkdelt. 38 $

If you have ever paid a $ 100 transaction fee for one transaction on a decentralized exchange, it is not Ethereum's fault, but the exchange's fault for charging a very high fee, whereas through the Ethereum platform, I have never seen such a large transaction fee in a single transaction.

[Murpheus]

How much should be charged on average to transfer $100 worth of Ethereum? Few days ago I transferred $100 and the fees wasn't up to $2..!!

[Bitcoinjheta]

Good advantage and a lot of ERC20 holders there will be happy and enjoy the service of network in reducing the ethereum gas fees at this moment. These effort made by the ethereum will take effect slowly decreasing mode until it will completely recovers to the lowest transaction fees.

[Midy]

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.

[Review Master]

Don't celebrate too early as most of the ido projects are postponing their events because of correction market. Gas price will be surged once again whenever market is rebounded and projects are going to start IDOs again. So, enjoy this moment and prepared for the worst gas price again if market rebounds from the correction before July. As London hardfork or EIP 1559 will be implemented probably in July, none knows what'll happen before that. 

[kojektea]

I see it, this is the thing that we wait for the small community eth , We want to return to be a fan of eth if the development is good in the future, one of them if the gas is stable again, but like now it is still a little expensive I hope it can come back like 2017 or even cheaper, because now there are many cheaper networks than eth.

[bryant.coleman]

Why don't you take the moving average for 2-weeks or 1 month, rather than quoting the fee level from the past two days? As we all know, transaction fee can vary a lot with different cryptocurrencies. Even with Bitcoin, a few days back we had average fee of as low as 1 Sat/Byte. But the thing to remember here is that such low levels don't last for long. Users will rush to combine their inputs while the fee is low, and eventually within a couple of days the fee will be back to the previous levels. I would agree with your observations, in case the ETH gas fee remains low for at least the next one week.

[Farma]

I don't think it's stable. Even as I write this, the highest price of gas is 60 GWEI, and the lowest is 45 GWEI. however, I agree if we say that ethereum fees are already low if we withdraw on average up to 2 or 4 weeks. however, ethereum fees can also be low even within a few hours, but become expensive again in a few moments.

[Twinkledoe]

I don't think it's stable. Even as I write this, the highest price of gas is 60 GWEI, and the lowest is 45 GWEI. however, I agree if we say that ethereum fees are already low if we withdraw on average up to 2 or 4 weeks. however, ethereum fees can also be low even within a few hours, but become expensive again in a few moments.

The time that the OP posted was just a lucky time. Because when you check the ethgastracker now, it is bit high again. But compared to previous months, this is already a very good deal. Maybe it will further reduce this coming July for the EIP 1559 implementation.



So for those who are waiting for moments like what the OP posted, you should frequently check the gas tracker site - https://etherscan.io/gastracker

[acener]

The time that the OP posted was just a lucky time. Because when you check the ethgastracker now, it is bit high again. But compared to previous months, this is already a very good deal. Maybe it will further reduce this coming July for the EIP 1559 implementation.



So for those who are waiting for moments like what the OP posted, you should frequently check the gas tracker site - https://etherscan.io/gastracker

I always check that site and wait for the gas price to drop low before doing a transaction.
I just hope that it wouldn't climb up to 3 digit gwei and stay low for good.

[ulhaq]

Why are the prices higher on Defi platforms, isn't it up to ethereum and not the platform?

I just looked at depositing in a lending pool and it gave an estimated price of 0.00834ETH which is ridiculous. I did not continue and am not sure if there would have been another fee after that?
And then more fees when withdrawing?

[Ararbermas]

It's a good news mate and this will be the key to flip bitcoin like what other saying wherein as it becomes so stagnant after the drastic decline.. In fact as you can see the volume of eth is too high than bitcoin since it collapsed and now for sure it will increase its volume more in the market because of this news that can convince other ppl to rely on it again..

[livingfree]

The drop of gas fees might be the reason why Ethereum is sustaining from $1800 to $2600.

That's a good news for us and those who have been problematic with the fee can now set their fees lower. I've done my transaction already and it's good to see that I didn't rushed to do my transaction.

And waited until the network settles the fees and sets it lower.

[Princeofpoetry]

I think this is the impact of ETH 2.0, the price has started to slowly decline lately, but sometimes it is also expensive due to busy transactions. maybe we will feel the fee price is even lower next year