When ETH GAS Price will stable? We paid 33.74$ GAS price for 10$ token transfer.

[Questat]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

This was the biggest question for Mr. Vitalik. Were supposed to think that it's lower down after the hard fork but seeing no change happens and the gas fees rose up even higher. Now, most of us are disappointed with such unacceptable fees, to move worth $10 token and will pay $33, it doesn't worth it.
I'm not sure if the team had already address this issue as this was been a problem for 2-3 years. I'd never a find solution if we continue using this platform and it becomes hopeless. And Mr. Vitalik can't blame investors to leave out from using ETH and look for another platform that it helps from saving a few bucks.

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[so98nn]

I am wondering why ETH is still so popular and gaining value every time and every quarter tbh. With that statement I also like to point out that ETH is widely used over different gambling sites and commercial transaction due to the fact that it’s unlimited and supply is huge.

I see so many threads regarding its fees and still ETH is always on top of everything. Not sure if we discussed this earlier but I see that ETH has got some good shots at everyone.

They said ETH 2.0 will be new era and here we are still fighting for the lower fees.

[RealMalatesta]

I am wondering why ETH is still so popular and gaining value every time and every quarter tbh. With that statement I also like to point out that ETH is widely used over different gambling sites and commercial transaction due to the fact that it’s unlimited and supply is huge.

I see so many threads regarding its fees and still ETH is always on top of everything. Not sure if we discussed this earlier but I see that ETH has got some good shots at everyone.

They said ETH 2.0 will be new era and here we are still fighting for the lower fees.

ETH is the one with the biggest ecosystem which is why it also gets the most money as well. There are billions of dollars in ETH right now, people hold literally tens of billions of dollars worth ETH right now. So when you have the option of simply holding your ETH in your wallet and do nothing, or invest it into the ecosystem and make it bigger, then you pick investment.

At least most people do that. Not like other chains do not get the same thing, but they are simply not as big as ETH because ETH is second ranked. Believe me if Bitcoin blockchain had this kind of setup, they would have gotten a lot more investment than ETH as well. So, it is about providing something to the world, if investors prefer it then they would be doing something good, if they do not prefer it then they will just not use it but there is too much money involved to ignore it.

[Dewajuna09]

Ethereum gas fees will remain expensive as long as Ethereum prices are high. considering many token projects that use the ethereum network. maybe one day the gas fee will be normal and cheap if many token projects migrate to other networks such as BSC or Solana.

[rhomelmabini]

It's not new to be honest, you can check https://ethgasstation.info for recommended gas price for every transaction you might do, always go for the normal one. Besides, why would you pay that gas price with huge compare to what you're getting? You should have been more patient enough to wait if you could move more ETH or just let it stay for awhile on where it is seated. The only solution we have right now as a hope for this gas fee on Ethereum is the ETH2.0 and that's a fact if it will be implemented.

Ethereum gas fees will remain expensive as long as Ethereum prices are high. considering many token projects that use the ethereum network. maybe one day the gas fee will be normal and cheap if many token projects migrate to other networks such as BSC or Solana.

Not for long until ETH2.0 is live, all this Ethereum killers will be flipped if that happens, the gas price is purely the effect by these DeFi projects.

[smyslov]

You should always check gas fee before make a transaction. You can check ETH gas fee here https://etherscan.io/gastracker.

This is the pick hour. ETH gas price is less on 4-6 Am (UTC 0). If you do the transaction at that time, you can do the transaction at a much lower fee.

Much lower price but not cheap price like they used to, the lowest price I've transacted was $4 from my $15 transaction from one of the tokens coming from the airdrop.
I missed the time when I can transact huge amounts for pennies, this is what makes Ethereum great then, now Binance smart chain is taking over the place of Ethereum when it comes to cheap prices in a smart contract.

[Mkmanik]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

NO one knows when the ETH gas price will be lower. If you want to do a transaction on the Ethereum network you need to pay the fees, There is no alternative. Only for fees, I am doing very few transactions with the ERC20 network. Most of the time using Binance smart chain for regular use, Also using Tron blockchain for stable coin transactions. Only for high fees, most of the people looking for an alternative to Ethereum, Polygon(previously Matic)solving this problem now. Polygon is already able to cross Ethereum as a Daily active user. I Hope the Ethereum gas problem will be solved in the future, but when! no one knows it. We just need to wait to see the progress of the Ethereum developer. Till now we can use other Blockchain, Binance and Polygon is best to me.

[LogitechMouse]

This is the reason why I'm always avoiding projects especially NFT games that are related to Ethereum.
The fees are very high (again) and there is also a chance that you might pay more fees than the total amount that you will transfer.

If you have no choice and you really want to transfer funds thru ETH, I think waiting or knowing the time where fees are low will help you. Gas prices will not stable IMO because no one knows what might happen to ETH. Probably when ETH 2.0 will be released then that is the time where Ethereum Gas fees will become lower than what it is right now.

[tvplus006]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer...

It doesn't matter what amount you transfer, the gas fee will be the same at a certain point in time. You can check the current cost of gas here: https://etherscan.io/gastracker In my experience, I have noticed that on weekends the cost of gas is lower than on working days.

[samcrypto]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer...

It doesn't matter what amount you transfer, the gas fee will be the same at a certain point in time. You can check the current cost of gas here: https://etherscan.io/gastracker In my experience, I have noticed that on weekends the cost of gas is lower than on working days.

Why would you proceed this kind of transactions knowing that you'll pay more than the amount you're sending?
This is the problem of ETH since last year, so this is not new anymore and you should aware of this. ETH is working on this already but the London fork failed to address this issues so I'm sure they'll come up into a good solutions soon, as they working for this to be better try to use other network for now or wait for the fees to become cheaper, during afternoon the fees are quiet low, you might try to wait for that.

[aprilnot]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

This was the biggest question for Mr. Vitalik. Were supposed to think that it's lower down after the hard fork but seeing no change happens and the gas fees rose up even higher. Now, most of us are disappointed with such unacceptable fees, to move worth $10 token and will pay $33, it doesn't worth it.
I'm not sure if the team had already address this issue as this was been a problem for 2-3 years. I'd never a find solution if we continue using this platform and it becomes hopeless. And Mr. Vitalik can't blame investors to leave out from using ETH and look for another platform that it helps from saving a few bucks.

their solution was deadlocked, the hard fork that had been done clearly failed to return the fee back to normal. the only way that looks realistic is with ethereum 2.0 which is always a delay to release. so it's nearing the end for the ERC20 network, and we'll have to look at other, cheaper platforms.

[eaLiTy]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

The GAS problem is going on for a very long time and this is nothing new and the promise of sorting them took the price to new levels and even the ETH developers have no idea when everything will be sorted, the last time i checked there is no ETA and the promise of sorting them is taking too long and people are tired of spending $30 to $50 as transaction fees.

 

What do you think, is there any possibility for ETH GAS price will stable?

Yes, users should stop using ETH so that the GAS fees will go down eventually  .

[Yogee]

Ethereum gas fees will remain expensive as long as Ethereum prices are high.

It's not always like that. BTC price is almost 20 times higher than ETH but transaction fees over the Bitcoin blockchain is currently just over $1 for the highest priority. It's about network congestion which forces other people and platforms to raise the gas fee so they can confirm their transaction faster than the rest.

[Silver80]

I think ETH biggest problem is GAS price. Today we paid 33.74$ GAS price for 10$ token transfer.

https://etherscan.io/tx/0xc09e5515f8f53b88b9bd4063a33ce8368f9bf0e8e86ebf4c14b86d25d874161b

What do you think, is there any possibility for ETH GAS price will stable?

I hope, when making transactions, only I am on the ERC network, but it's impossible for network congestion to cause a shortage of gwee, and it has started when Altcoins use the ERC network, this is where the gwee fee comparators appear so that they look at them to use their network.

[fullhdpixel]

Why would you proceed this kind of transactions knowing that you'll pay more than the amount you're sending?
This is the problem of ETH since last year, so this is not new anymore and you should aware of this. ETH is working on this already but the London fork failed to address this issues so I'm sure they'll come up into a good solutions soon, as they working for this to be better try to use other network for now or wait for the fees to become cheaper, during afternoon the fees are quiet low, you might try to wait for that.

There are too many people who do not check as well, it is a habit and they just do it anyway, and then they realize after the deed is done. I am not saying OP did it like that, but there are some people who do that, I have met with those people. Hell I have seen people who put the sending amount to gas fee and the gas amount to sending fee, so instead of paying 30 bucks and sending 200 bucks, they paid 200 bucks and got 30 bucks instead, and this is not rare, it happens constantly in crypto world.

So, do not be shocked about the brain freeze moments of people, it could happen to anyone and we all could do it, it doesn't mean they are idiots, they could be very smart people who just for one second lose control of their brain, it happens to all of us at any aspect of our lives which is why these type of gas fee situations do need to calm down to prevent these mistakes.

[Jaered]

It's crazy how Ethereum gas price is pumping. I guess the DeFi integration didn't help. And I was under the impression the Ethereum 2.0. EIP1559 would come to the rescue. Even many projects are jumping ship to BSC and Polygon.  I can't even sell off my shit coins and dusts because the transaction fees would erode seriously into the profit

[seleme]

Why would you proceed this kind of transactions knowing that you'll pay more than the amount you're sending?
This is the problem of ETH since last year, so this is not new anymore and you should aware of this. ETH is working on this already but the London fork failed to address this issues so I'm sure they'll come up into a good solutions soon, as they working for this to be better try to use other network for now or wait for the fees to become cheaper, during afternoon the fees are quiet low, you might try to wait for that.

There are too many people who do not check as well, it is a habit and they just do it anyway, and then they realize after the deed is done. I am not saying OP did it like that, but there are some people who do that, I have met with those people. Hell I have seen people who put the sending amount to gas fee and the gas amount to sending fee, so instead of paying 30 bucks and sending 200 bucks, they paid 200 bucks and got 30 bucks instead, and this is not rare, it happens constantly in crypto world.

So, do not be shocked about the brain freeze moments of people, it could happen to anyone and we all could do it, it doesn't mean they are idiots, they could be very smart people who just for one second lose control of their brain, it happens to all of us at any aspect of our lives which is why these type of gas fee situations do need to calm down to prevent these mistakes.

I have seen such cases and someone sends 60$ worth of tokens with a $400 Gas fee. It is an unfortunate case but there is nothing left to do after confirming via send button. Before sending, double check is essential to be sure you did everything according to the plan. Otherwise, this is not the first or the last mistake it is going to be. Next time, just use Gas station or alternative websites before sending and never use more than higher gas settings on Metamask for protecting your tokens.

[jostorres]

It's crazy how Ethereum gas price is pumping. I guess the DeFi integration didn't help. And I was under the impression the Ethereum 2.0. EIP1559 would come to the rescue. Even many projects are jumping ship to BSC and Polygon.  I can't even sell off my shit coins and dusts because the transaction fees would erode seriously into the profit

This craziness is going to hurt very badly Ethereum because now we have too many competitors in market with some good features and very fewer fees if they are not going to fix in near future then surely they are going out of market very badly even currently they are leaders in this, but this is not going to stay as this for some more time. The Ethereum developers didn't even think if they have done in London, hard fork has no impact to the fees.

Now, we are really disappointed with such unacceptable fees, to move worth $10 token and will pay $33, it doesn't worth it. I hope the Ethereum gas problem will be solved in the future, but when no one knows it.

[SlimShadyMmp]

Yeah is frustrating mate My suggestion will be to try check gas fees and find good time that will afford less gas try to avoid crazy days except is really urgent dont go for it Most people these days avoid unnecessary transaction I will suggest you do the same or you will keep hating on eth Am sure 2.0 will get rid of probably 80% of the issues

[Al Qiyamah]

To make transactions on the Ethereum network does cost a lot of money, and this already makes people feel uncomfortable. For this reason, avoid making transactions during peak hours, there is no guarantee for this but there is no harm in trying. Many crypto experts think that the launch of Ethereum 2.0 and EIP 1559 could be the solution.