Why do people still use ETH?

[bizfyn_ru]

My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.

If you did not use DEX, did not trade in the DeFi sector, then I envy you very much, because it was simply impossible to do this on the Ethereum blockchain LOL)

I started trading in DEX last summer, undoubtedly it was the easiest profit in my life, but then everything changed dramatically)))

With the arrival of more and more new users, the increase in the price of Ethereum, the huge load on the network, I was just shocked by the commission.

On average, I spent about 1-2 thousand dollars on a transaction. When the commission was $30 for the sell/buy exchange, then you don't really notice it. BUT when the commission became  $150 one way, I realized that this was just a robbery.

Yes, I understand that when you change 20 thousand dollars, you don't think much about it. But when you give 15-30% of your turnover to a transaction for a commission, it's just shit.

I spend a thousand dollars, and I give 150-200 dollars just to nowhere! What kind of nonsense is this guys?) Can't you see that Ethereum is just a piece of shit?

And also this famous Failed))) hahah. Do you think that you will not pay for the canceled transaction? LOL) You will pay 2-3 times if the hype around the coin is huge and your slippage just does not have time!

As a result, I stopped trading on DEX. I was looking for alternatives like NEAR, TRON, BSC and so on. But due to the low liquidity, you will not earn a lot of money there.

So here's a question for you, everyone who trades on DEX from Ethereum. Don't you feel sorry for your money at all? Do you want to wait 10 minutes for an exchange? Do you want to see failed every time you did not guess the commission? You guys are masochists!

Switch to other DEX, use other blockchains, forget about Ethereum with their eternal promises!

Let's discuss what alternatives to Ethereum currently exist? Let's figure it out together!

[Refrumatrix]

You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds

[bizfyn_ru]

You talking about something that's already been fixed mate, Ethereum transaction fee is no longer a problem and August is close which we will see even better and cheaper transaction fee on Ethereum network, the headache is already over, as for the question you asked many people just prefer ETH and you and I can't change their minds

every year I hear this.
transactions will become cheaper, we will get away from this, exchanges will become faster, but so far everything is only worse.

[shinratensei_]

every year I hear this.
transactions will become cheaper, we will get away from this, exchanges will become faster, but so far everything is only worse.

The implementation might take a few years as ethereum protocol is alive and any update through EIP must have passed so many things like approval from the miners, community, audited and tested.
That means it that will need a very long time to implement the update .
The update was not related to the exchange site but if you meant about the swap service and this is still having relationship

[Renampun]

ethereum gas fees are cheap and there are still many platforms that use erc20...

ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap.

[Yogee]

ethereum gas fees are cheap

The current gas fees as shown on etherscan for trading on "DEX" like Uniswap is around $4 - $6. You must be some rich guy to say spending that amount for fees only is cheap. It was significantly reduced but I wouldn't say it's cheap.

You can spend less than $1 transaction fee on BSC. I can call that cheap.

[Bravehash]

ethereum gas fees are cheap

The current gas fees as shown on etherscan for trading on "DEX" like Uniswap is around $4 - $6. You must be some rich guy to say spending that amount for fees only is cheap. It was significantly reduced but I wouldn't say it's cheap.

You can spend less than $1 transaction fee on BSC. I can call that cheap.

Don't trade ETH / ERC 20 on Dex, this is why I currently hate exchanges like uniswap, even while ETH gas fee is lower the transaction fee on DEX doesn't change much, I can send ETH to exchange with just 1$ in my coinomi wallet but on uniswap it's 6$

[bonghip]

Why not continue to use ETH? I have known ETH since 2017, and then ETH was highly appreciated. A lot of people think that ETH will replace BTC. Although this did not happen, Eth has always been in 2nd place and it has attracted a lot of construction projects in the Ethểum ecosystem. Although currently, ETH is facing a few problems in terms of fees, scalability, ... but ETH 2.0 will solve them all. I think everyone is waiting for ETH 2.0

[apa don]

ethereum gas fees are cheap and there are still many platforms that use erc20...

ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap.

Yes, that's right, ETH market assets are now very profitable or attractive in investing, because ETH market assets are easier than other market assets, and the system of a project on ETH market assets is very easy to run.
and just hope that in the future it will not change the performance system of a project that is in the ETH market asset.

[Gayong88]

While the conditions are exactly as you say, ETH has a different story and perspective for its users. ETH enthusiasts are very high, especially when the price has dropped in recent days, if I see ETH has strong fundamentals, I'm sure developers will find the best solution for its users to minimize transaction costs as you mentioned above.

[dhemasm]

ethereum gas fees are cheap and there are still many platforms that use erc20...

ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap.

Not really cheap comparing to BSC or other alternative like Polygon (Matic) But yeah it's still good option since it's offer tons of use case and powerful smart contract, Maybe the fell will change after london fork happens on august 4. Let's see if EIP-1599 on upcoming fork will become effective or not, Cheers!

[Jaered]

It is simple. Ethereum still has a lot of projects still leveraging it. Remember it originated Smart Contracts (I may be wrong about this) and thus has many use cases. Also the Decentralized Finance craze started with it, so it would take time before younger bloods like BSC, Matic, Kardiachain start to lay a glove on it

[goaldigger]

ethereum gas fees are cheap and there are still many platforms that use erc20...

ethereum is still the most interesting altcoin, the emergence of bsc is only an escape when ethereum gas fees are high. I am also still very active in transacting with ethereum on uniswap.

ETH network are not that cheap compare to other network, but it left us no choice because many projects are still under ERC20 and they are still doing good despite of the fees so as long as those projects are still kicking and active, people will still use ETH.

There are some updates with ETH and the fork will happen in the coming weeks so this might address some issues hopefully, but still no assurance for this. We cannot force someone to use other network instead and forget about ETH, again there's a lot of projects under ETH that's the best reason why to stay with ETH and not all new projects are good enough even if they have a faster transactions and cheaper fees.

[magnum cyber]

I also feel when we make transactions on DEX one of them was Uniswap at that time I had a token with a value of 200$ but I had to pay a fee of more than 50$ to be able to swap on the platform of course it was a very high cost while the token only existed on the platform, but now the eth fee has started low enough that it's cheaper now than it was then and maybe the best way is to switch platforms to BSC which currently provides a fairly cheap fee and the transaction speed is quite fast

[blockman]

I also want to see the volume for those DEXs to increase for those networks but it's highly unlikely that we're going to see it anytime soon. People would be staying to trade in centralized exchanges because they feel the safety and there were reports about DEXs that are being hacked so that makes sense for many traders to stay into centralized exchanges. And nothing can stop the popularity of Ethereum this time, it's still one of the choices of many projects with its smart contract and considerably its fee, is still low.

[TimeTeller]

While the conditions are exactly as you say, ETH has a different story and perspective for its users. ETH enthusiasts are very high, especially when the price has dropped in recent days, if I see ETH has strong fundamentals, I'm sure developers will find the best solution for its users to minimize transaction costs as you mentioned above.

And I believe ETH platform has strong fundamentals. Their developers are in continuous pursuit of improving their services.
This team is one of the visible teams in crypto community. Though there may be delays with their implementation but we can say, they are not sleeping on this project.
Unlike with other dev teams, the likelihood of abandoning the project is very low to never. This is why people are trusting this network because they are confident the team will not disappear.

[Macadonian]

My acquaintance with Ethereum began in 2017, then it was a very good technology. Probably everyone remembers, ICO, Bounty, crazy profits! I have been through this and am very grateful to ETH, but now everything is different.

It did not suddenly become a bad technology the technology is the same except it has been improved upon since your acquaintance began in 2017. The reason people still use Ethereum is because its still profitable and is still one of the better altcoins in the economy today.

[Teraboy]

I personally moving to the alternative chain like polygon or BSC when ethereum was facing a big problem with the transaction fees.
I must say that if what you were saying was true in the past but did you see the latest fees? It was decreasing a lot. There's no reason to complain about the fees as the blocksize of ethereum was limited.
The new blockchain was also learning from what problem that faced by ethereum.

[Macadonian]

I personally moving to the alternative chain like polygon or BSC when ethereum was facing a big problem with the transaction fees.
I must say that if what you were saying was true in the past but did you see the latest fees? It was decreasing a lot. There's no reason to complain about the fees as the blocksize of ethereum was limited.
The new blockchain was also learning from what problem that faced by ethereum.

All altcoins will have to get higher and higher fees as the difficulty and mining decreases this is just obvious from a economical view. BSC has nothing exciting to offer and is not better than Ethereum in any way.

[micro4lpha]

What in the hell are you smoking? Imagine if the second biggest blockchain valued at over 200 billion dollars were to send updates just cause we want it faster right now, lol. You need to get back to basics and understand what is going behind these systems. Also, just cause someone managed to create a new blockchain that is a little faster does not mean it is better or that it will EVER have a good ecosystem. Cough google social network, etc. etc. Also, worry about what you need, not what others want.