Gas Fee Of BNB Is Increasing

[FinneysTrueVision]

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

The standard gas price on Binance Smart Chain is still 5 gwei. In dollars it has increased because the price of BNB has gone up. There has been a lot of activity on the network so some people are paying a higher price for higher priority transaction even though if you use the default 5 gwei it will still confirm in less than a minute.

I do not consider it to expensive compared to ETH transactions but if you compare to BTC which people always complain about high fees it is actually cheaper to use bitcoin most of the time for me.

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[Ever-young]

Bsc transaction have noticed that it’s increasing but it’s depends on the token which you are transferring, my recent transactions cost me less, but when I was sending hip.life and Goma token, the price increased to 3.4$ worth of bnb.

[RussianEnglishTranslation]

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

Gas fees are increasing on BSC because a lot of people moved there from Ethereum and now it's congested. Fortunately the NEAR trustless token bridge (rainbow bridge) is being deployed to BSC, so BSC users will be able to trade on Aurora or NEAR protocol's Ref Finance with lower fees and faster transaction times.

[Tigerheart3026]

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

From the start the BNB blockchain transaction fees were not free. It's just lower than Ethereum blockchain transaction fees. However I don't know which platform you are using so argue that the BNB blockchain transaction fee is free. The increase in BNB transaction fees increases with the increase in BNB prices. As with previous Ethereum blockchain transaction fees.

but for me personally gas cost in BSC is still cheap compared to Ethereum Network. if you are interested then you can use the solana blockchain, matic or fanthom. gas cost on their platform is also cheap

yes bsc network is low fees then eth network. i leave to eth network and using bsc network and also i believe bsc will expensive day by day because it's transaction increased.
right now i see matic is the served lowest fees in the decade. 

[Koutami]

Bsc transaction have noticed that it’s increasing but it’s depends on the token which you are transferring, my recent transactions cost me less, but when I was sending hip.life and Goma token, the price increased to 3.4$ worth of bnb.

Basically its not because of the token that u trying to send, since any token transaction should be same fees.
Its would only have difference if you trying to interact with Smart-Contract since its need more resource to execute the contract on the chain.

[CaVO32]

Bsc transaction have noticed that it’s increasing but it’s depends on the token which you are transferring, my recent transactions cost me less, but when I was sending hip.life and Goma token, the price increased to 3.4$ worth of bnb.

Basically its not because of the token that u trying to send, since any token transaction should be same fees.
Its would only have difference if you trying to interact with Smart-Contract since its need more resource to execute the contract on the chain.

It also depends on the congestion of the network. So for those who want to prioritize their transactions, they are willing to pay above normal gas fees. But, let us see if BSC can address this possible bottleneck later on. Because if the fees are almost the same with eth network, people will choose the cheaper of the networks available. BSC should look into things that might change the mind of their users right now.

[nhaila]

Gas fee basically depends on the market value, if the transaction type and the slippages more settings then gas fee would be also more. Today gas fee more than 50 CNET with standard (5 gwe) ... Normally it's seems to me little bit more than before.

[Koutami]

Bsc transaction have noticed that it’s increasing but it’s depends on the token which you are transferring, my recent transactions cost me less, but when I was sending hip.life and Goma token, the price increased to 3.4$ worth of bnb.

Basically its not because of the token that u trying to send, since any token transaction should be same fees.
Its would only have difference if you trying to interact with Smart-Contract since its need more resource to execute the contract on the chain.

It also depends on the congestion of the network. So for those who want to prioritize their transactions, they are willing to pay above normal gas fees. But, let us see if BSC can address this possible bottleneck later on. Because if the fees are almost the same with eth network, people will choose the cheaper of the networks available. BSC should look into things that might change the mind of their users right now.

Its difference problem mate, the 3.4$ worth of BNB transactions is not a normal transaction. It should be smart-contract transaction, the various gas fee due to the congestion of the network never reach that high.

[tees420mar]

That is to say as the Binance Smart Chain grows with more projects on it, the gas fee will be increasing. Another point is, these said gas fees depends on the price of BNB, that is, what the gas fee will be when BNB price is $300 is not what it will be when the price is $500 or $1000. It is happening to BSC now, and will also happen to others like Polygon, unless the blockchain is not growing.

[Rabi3]

Remember when everyone was pointing at ETH and saying how cheap it was to transact compared to BTC? Oh wow,,, only a few cents and instant confirmation unlike BTC network.

Then ETH got popular and smart contracts got more expensive.

BNB/BSC is going down the same path.

it could probably go that direction and people would try to find other solutions to gas fees and will choose other networks and so on, but i don't think so, BSC has already a lot of users right now and gas fees are quite cheap, the only way it could go as high as ethereum gas fees is if a lot of people who are using ETH network right now would switch to BSC, but that won't happen because fees were way higher on Ethereum and nothing too big happened, they will keep using it no matter what and especially if gas fees are fixed and became lower.

[Sithara007]

That is to say as the Binance Smart Chain grows with more projects on it, the gas fee will be increasing. Another point is, these said gas fees depends on the price of BNB, that is, what the gas fee will be when BNB price is $300 is not what it will be when the price is $500 or $1000. It is happening to BSC now, and will also happen to others like Polygon, unless the blockchain is not growing.

BNB is being developed by competent people and I am sure that they will find a solution. Transaction fee and lack of scalability was a major issue with Bitcoin previously, but after Lightning Network was introduced it got resolved. The catch is that it took some time for the users to get adjusted to the complexities of LN. But eventually the majority if the users made the move and the fee levels dropped. I guess the same will happen with other alts as well (except ADA, which is already scalable).

[raidarksword]

It is imminent to increase the gas fees because more people will use it that's what happened to ethereum it became more congested but BSC ecosystem is way more cheaper that Ethereum so I don't think this is a big issue. I am sure developers are aware of it so nothing to be fear of hence BSC is still stable and offering cheap fee transactions.

[kram31]

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

Perhaps, the team of binance is now doing everything to fix this thing or it has been solved now.
In know that BSC will not be like ETH did before where until now the cost of charge in ETH is too high at the
moment. Also the BSC transaction fee so far for me is fine as well. And the reason perhaps is that a lot of new projects
arise now in crypto space is being crowded were it lead to increase the charge in my own opinion only.

[kram31]

All eyes are on the BNB due to the increase in Ethereum's gas fee. Thinking about the beginning, it can be understood that the BNB's gas free is increasing day by day. Although I don't know the exact reason behind it, the curiosity is there.

I don't feel the gas fee of BNB is increase to tell you honestly, Because almost everyday I made a transaction with BNB but as I noticed
there's nothing change with the gas fee. Then if ever the gas fee increase that is because the transaction using bnb is flooding as far as I know dude. Or it could be when the [rice increase in the market the gas fee as well goes up.

[Cadaver20]

The Gas fee of BSC is slightly increased but it is very low than Ethereum network. I think the demand for BSC network is increasing day by day. Many projects are now being launched on this network. However, the gas fee of this network will not increase much because some other networks are slowly becoming popular where the gas fee is less.

[ogundowotoby01]

The gas fees of BNB and BSC based tokens increasing shouldn't come as a surprise to people because ETH gas fees were once very low too, but with more adoption and more projects using the blockchain, there are more transaction blocks for the miners to mine and with that, the transactions with tge highest fees will be prioritized above the others so this is bound to make the transactions of cryptocurrencies on any specific blockchain considerably slower

[bixiiMaphi321]

It can be seen that the BNB smart chain grows with more projects, gas fees will increase. Another point is that these said gas fees depend on the price of BNB. It's part of their business, but they'll probably make it at least relatively cheaper than competitors like ETH.
On the other hand, the number of users increases, and the number of transactions is constantly increasing. So Blockhain becomes overloaded and fees have to increase.

[Wong Gendheng]

It can be seen that the BNB smart chain grows with more projects, gas fees will increase. Another point is that these said gas fees depend on the price of BNB. It's part of their business, but they'll probably make it at least relatively cheaper than competitors like ETH.
On the other hand, the number of users increases, and the number of transactions is constantly increasing. So Blockhain becomes overloaded and fees have to increase.

A few hours ago I sent BNB tokens to Pancake and I didn't notice there was a significant increase in the cost of BNB gas, I think it is natural for an increase to occur, but if the increase is too large like Ethereum it will certainly make people choose other coins because now there are many alternatives to send cryptocurrencies

[Cryptosimar]

What I can say on this is, one of the significant reasons Ethereum gas charge expanded was because of the immense number of ventures on it, that is, this load of activities added to the worth ETH have today. Presently having this at the rear of our brains and attracting it to the Binance Smart Chain, it tends to be seen that the simple dispatching of tasks lead to the expanding number of these undertakings on their organization, and this is slowly prompting the expanding gas expense which is being seen now, most occasions it even gets clogged.

In other words as the Binance Smart Chain develops with more activities on it, the gas expense will be expanding. Another point is, these said gas expenses relies upon the cost of BNB, that is, the thing that the gas charge will be when BNB cost is $300 isn't what it will be the point at which the cost is $500 or $1000. It is occurring to BSC now, and will likewise happen to others like Polygon, except if the blockchain isn't developing.

[travwill]

It seems that nothing terrible happened.
I recently made a transfer to BNB and was surprised that the commission was lower than it was when I made the transfer last time. All the same, it's great that we have such an alternative as BSC and the like.