Ethereum Gas Fees Drop

[Vaculin]

Yes, that is good news for us, we are very much waiting for when eth back cheap, and stick with this, let's see some time later whether it will rise again or is it stable? i hope for the best of eth

This is really good news for Ethereum users who have been complaining about exorbitant gas fees, and I hope there will be another drop or it will be cheaper and no more changes.
as long as Gas costs are high, the Ethereum that I have I don't use because of high Gas costs and other reasons because there are not many.

Bitcoin fees also now are cheap, of course, same with ETH, we can be happy with that but there's an indication that the market is struggling, or the market is bearish to be specific, this transaction fee will still increase when the market is congested, we haven't solved that 100%.

[1715071418]

1715071418

[1715071418]

1715071418

[1715071418]

1715071418

[BobK71]

I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

its good for us now if eth gas fee drop alot, now we can send or trade token in uniswap which is usually need high fee transaction. no more limitation in trades or sending token , so it will attract higher trading volume in decentralized exchanges.hopefully it will running and not due this ethereum price fall.

Yes Due to the reduction in ETH gas fees we will now be able to trade on uniswap. Now uniswap fees 7-12 USD. If one is less than  5 usd then it is better.  hope it will happen soon

[Mr.Scott]

I seem @CZ_Binance CEO of Binance was tweet about High gas fees. After that post Eth gas fee goes down. Now fees very low. $0.5-1.5 for ETH Transfer and $1-$5 for ERC-20 Transfer. It's Seems normal

its good for us now if eth gas fee drop alot, now we can send or trade token in uniswap which is usually need high fee transaction. no more limitation in trades or sending token , so it will attract higher trading volume in decentralized exchanges.hopefully it will running and not due this ethereum price fall.

Yes Due to the reduction in ETH gas fees we will now be able to trade on uniswap. Now uniswap fees 7-12 USD. If one is less than  5 usd then it is better.  hope it will happen soon

Ether gas fees dropped below $2 as market cools and that makes a lot of happy faces. The most recent drop in gas expenses make ethereum transactions as being more viable once again. Does Ether 2.0 truly settle this high gas charges issue in the near future and be always under a $1? Already lot of competitor on this blockchain right now, hopefully Ether will alive.

[Davian144]

as costs that fall very deep can at least be used as a very good opportunity to make a profit and of course it must be put to good use and don't miss this to arbit between exchanges so you can profit from the difference in coin prices between exchanges .

Yes, and one more thing, everyone can do small transactions without having to pay expensive fees so that small traders will also be greatly helped by this because when Gas costs are high, they cannot make any transactions on the Ethereum platform.

[mckinleeanael07]

it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high , perhaps the number of users on BSC increased because of that.

[BRABO2]

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.

Yes,you are right i am agree with your post.eth gass fee recently under control.That was the good sine for all ERC-20 token  deposit and transaction system.

[Dewiana]

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..

Berita gas eth terjadi penurunan dalam beberapa pekan terakhir karna banyak muncul aplikasi keuangan tersentralisasi sehingga terjadi persaingan pasar blockhain saat ini sebesar $20 akan menjadi yang tertinggi sepanjang masa dengan beberapa margin. Pada tahun 2020, biaya penggunaan rata-rata lebih rendah dari $0,10.

[Rakeshten]

The ethereum gas fee is low from this week. I have swapped some token with low fees. I hope now ethereum network will again good for everyone and everyone will like Ethereum Network.

[Kasabus]

The ethereum gas fee is low from this week. I have swapped some token with low fees. I hope now ethereum network will again good for everyone and everyone will like Ethereum Network.

It's good to hear that ethereum gas fee is quite low already and that people will surely come back for ethereum transactions. But i see this fee has all the chances to get high again once this market returns to normal. Most of the transactions fees these days are becoming cheap but since the market is in dip, things are really expected that way. But when this market becomes bullish again, i think transactions fees will increase again.

[Mahanton]

The ethereum gas fee is low from this week. I have swapped some token with low fees. I hope now ethereum network will again good for everyone and everyone will like Ethereum Network.

It's good to hear that ethereum gas fee is quite low already and that people will surely come back for ethereum transactions. But i see this fee has all the chances to get high again once this market returns to normal. Most of the transactions fees these days are becoming cheap but since the market is in dip, things are really expected that way. But when this market becomes bullish again, i think transactions fees will increase again.

Well said and it could happen anytime and same goes for Bitcoin too on where mempool is almost empty which do results on having 1sat/byte transaction which is a very unusual fee that you can see nowadays and you can presume out that people arent really making out some movements
in terms of active transactions and for now they are on a state of observation when the market is still on moving sideways but once there would be some significant movement like upwards or the market starting up to rise then we would see some influx of transactions which would result into
clogged and expensive fees once again so dont get to be surprised.

[BayAngelo]

The truth remains that the current market is not favourable. buying and selling traders are not active. NO ONE knows the direction of the market. Everyone is scared of selling off o. currently, the news are not favourable for crypto. the news from Nigeria, china and the billionaire Elon has shake the market. currently, majority are not selling and waiting to see market movement. reason why gas fees are low.

[Rabi3]

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.

it's not the exchange's fault, they can make fees as high as they want, it's up for users if they accept it or not, if they did then it's their fault, that's it, fees are quite low right now, if the market goes up fees will do the same unfortunately.

[TastyChillySauce00]

The ethereum gas fee is low from this week. I have swapped some token with low fees. I hope now ethereum network will again good for everyone and everyone will like Ethereum Network.

until eth 2.0 completely implemented, i doubt this current state of fee gonna be persistent, moreover if bullish come that increases the network to the blockchain making it somewhat congested. The problem with most of blockchain is scalability in the middle of seasonal traffic increase due to the bullrun, now eth also have traffic from dapps and defi to think about, the only way to keep the fee at bay and not becoming overly expensive is to wait for eth 2.0 but yeah, current gas price make it viable to use dex again.

[ene1980]

it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high , perhaps the number of users on BSC increased because of that.

There is no doubt that BSC took advantage of the ETH fee situation and some of the projects even migrated to BSC and some of the proposed projects have moved to BSC as well because ETH was not their priority because of the high fees and demand by the end users. Finally after months of frustration by the users using ETH when the transaction charges went high as $70 things are slowing down which is good to hear.

[Teraboy]

The ethereum gas fee is low from this week. I have swapped some token with low fees. I hope now ethereum network will again good for everyone and everyone will like Ethereum Network.

It looks like the spam attack that happened on ethereum network already gone. The current gas fees was around less than 60 cents and that's the best thing that i have ever seen since a few years ago.
I can send any erc token with very cheap fees right now. Even BSC can consume less but remember this is the second largest smartcontract platform.
I hope that it will be going down again to the less than 40 cents.

[cheezcarls]

As of this time in replying to your thread, we are now between 8 to 12 gwei average. This is a good thing. However, I noticed that days ago when Ethereum crashed from $2,700 to $2,400, gwei increased to as much as 64. Maybe during the flash crashes or dips, this is where Ethereum’s gas fee increased or experiencing congestion, especially when using Uniswap. It’s now a good time to use Uniswap to buy or sell something before another congestion happens.

[mckinleeanael07]

it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high , perhaps the number of users on BSC increased because of that.

Yes, but it's also not a big problem for Ethereum because in the past too many projects have used the ERC20 platform on their new tokens making Ethereum much more powerful than others in the crypto space.

Perhaps ERC20 it is still at a new level compared to other platforms, because the projects on it are really quality and have strong potential.

[Tellek Garing]

it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high , perhaps the number of users on BSC increased because of that.

I don't think it's too late because there are still many projects that use the ethereum platform and I also see that until now ethereum is still number 2 after bitcoin. BSC users are increasing not only because of the high ethereum gas but indeed because BSC has other advantages

[Xinarae*]

The ethereum gas fee is low from this week. I have swapped some token with low fees. I hope now ethereum network will again good for everyone and everyone will like Ethereum Network.

Bitcoin is usually followed by ethereum's position and ethereum's gas fees but investors trade in this currency. The amount of gas fee was increased due to increase in demand and price but now it is much less with the fall in the value of currencies the amount of gas fees has come down.

[asriloni]

it's been a long time since I've seen ETH fees as cheap as now, but it's quite late when a lot of investors and projects have chosen other platforms instead of ERC20 just because the gas cost is too high

that doesn't seem to be the true story. Those who have been migrating to the another blockchain just need to change their RPC to be able to connect with ethereum chain. People were migrating to the another chain temporary but once the tx fees on ethereum will be going back again to the what it should be and then they can jump back again to the ethereum. I think that you must try to see the average transaction on ethereum network.
It seems like that the new update that already implemented last month give a small impact to the fees.