Why is Ethereum fees going down in this days?

[Benefactor]

I think the reason for the downfall gas eth in light of the fact that the volume of exchanges against eth has diminished radically so the current Ethereum network isn't quite as occupied as in the past. Ethereum change on the organization blockage which implies many ventures hop into the organization that has the most minimal exchanges expenses. I imagine that if blockchain will be handled less exchanges. This is likewise occurring with Ethereum yet not interestingly.

[super bako]

but cheap ethereum gwei gas don't always last just a few days and the high cost always lasts a long time. bep20, polygon now has information on gwei gas that ethereum is implemented, I hope other networks are not so expensive with ethereum networks. this could be bad for me

[Xal0lex]

In these days ETH gas fee will down to 5$ per transaction why this happen?

There was even $1 at a time, but not for long. Obviously, the ETH network has been heavily spoiled by third-party directions in the ecosystem, such as DeFi or NFT. If you think back to what transaction prices were in the summer of 2021, it's clear that it was because of NFT trading on OpenSea. Look at OpenSea trading volumes now, their volume has dropped dramatically, hence the load on the Ethereum blockchain has dropped, as has the price of gas. There is a pattern to all of this.

Unfortunately, it is a self-increasing problem. Meaning that if it goes down, more people see it, and more people invest into it and more people start to spend more on gas fee and it increases all over again. I am not saying that it has to happen, just that it has been what happens so far in the past and I can see it happening again this time around as well.

Hopefully, it doesn't happen but I believe that the same thing could happen during this period as well. This is why I believe that 1-5 doesn't matter, it will always go back to 10-20 but then eventually it will go back to 5-1 levels and then it will go up and that is why it will never be stable.

Maybe switching to PoS will solve this problem to some extent. Commissions in the ETH network have long been an acute problem, they are very expensive, especially if you take the interaction with smart contracts as an example. It's just a rip-off, hundreds of dollars per transaction, that's a lot.

I think the problem with higher commissions disappeared for a while because the hype for different tokens that interact with the ETH blockchain subsided a little bit. But if the hype around some tokens starts again now, the problem will easily repeat itself, over and over again.

[NewRanger]

but cheap ethereum gwei gas don't always last just a few days and the high cost always lasts a long time. bep20, polygon now has information on gwei gas that ethereum is implemented, I hope other networks are not so expensive with ethereum networks. this could be bad for me

other chain actully want to solve ethereum problem , they want network traffic that handled be bigger and also have cheap network.if they dont solve this main problem better to forget their existances in this market, cause they didnt solve anyting.

~
I think the problem with higher commissions disappeared for a while because the hype for different tokens that interact with the ETH blockchain subsided a little bit. But if the hype around some tokens starts again now, the problem will easily repeat itself, over and over again.

maybe now this is the era of feeless or cheap transaction fee in any network. ethereum dev team have high concern with their traffic and also fee so hopefull fee cycle would not happen anymore.

[bitgolden]

Unfortunately, it is a self-increasing problem. Meaning that if it goes down, more people see it, and more people invest into it and more people start to spend more on gas fee and it increases all over again. I am not saying that it has to happen, just that it has been what happens so far in the past and I can see it happening again this time around as well.

Hopefully, it doesn't happen but I believe that the same thing could happen during this period as well. This is why I believe that 1-5 doesn't matter, it will always go back to 10-20 but then eventually it will go back to 5-1 levels and then it will go up and that is why it will never be stable.

The cycle could be broken by finding a solution that could solve a bit more size. That means it will be low, but it grows a lot then it would either be slower, or at least cheaper and bulk together. This way we are talking about cheaper even when a lot of people come here, and there won't be a need to leave.

However, in that situation people are spending less ETH on fee's, which would make it harder for people to buy more ETH, since there won't be much need for that. And I do not think that there is good enough reason for people to buy more in that case. Staking would fix that too, by making sure people buy and hold and stake it, which would keep the selling numbers to a record low hopefully.

[imamusma]

but cheap ethereum gwei gas don't always last just a few days and the high cost always lasts a long time. bep20, polygon now has information on gwei gas that ethereum is implemented, I hope other networks are not so expensive with ethereum networks. this could be bad for me

Gas fees on the Ethereum network are not always stable at low numbers so they are still changing very often, especially since the price of Ethereum itself never stays at one price.
For Bep20 and Polygon, I think they are always stable even though there is an influence through the base price of the BNB and Matic coins, but always in accordance with the existing dose.

[xmonkeyx]

Of course, reducing the price of Ethereum gas is a very good thing, but I think that Ethereum gas prices often shift, either down or high because every time Ethereum gas costs are different.
this is very common, sometimes Ethereum gas costs go down sometimes also go up.
if Ethereum gas costs stabilize and continue to fall I think a lot of people will reuse the Ethereum network and leave BSC.
Ethereum's current drawback is simply the exorbitant price of Ethereum's gas fees.

[Xal0lex]

~
I think the problem with higher commissions disappeared for a while because the hype for different tokens that interact with the ETH blockchain subsided a little bit. But if the hype around some tokens starts again now, the problem will easily repeat itself, over and over again.

maybe now this is the era of feeless or cheap transaction fee in any network. ethereum dev team have high concern with their traffic and also fee so hopefull fee cycle would not happen anymore.

This era will not be permanent. Trends and tendency will change and we will see huge gas fees again. This is the downside of bullrun, it happens in bitcoin, it happens in ETH, simply because these blockchains are the most popular and prone to transaction spam, which fills mempules and as a consequence fees go up. High gas price is a long time problem of ethereum blockchain and developers still haven't managed to get rid of it completely. If now suddenly a new hype is born for some new tokens, you will immediately see commissions skyrocket.

[ItsCrafty]

In these days ETH gas fee will down to 5$ per transaction why this happen?

at that time Gwei was between 15-25 . Eth gas fee depends upon total transaction. when transactions are low then as a result the fee is also low. I remember the Gwei was come down to 12 Gwei. this usually happens in a bear market.
at this time market is bullish and Gwei is 70, you can check the USDT transfer fee is 25$.

[bittick]

For Bep20 and Polygon, I think they are always stable even though there is an influence through the base price of the BNB and Matic coins, but always in accordance with the existing dose.

honestly this kind of stability in term of gas value required for making a transaction always depends from the platform itself, if the platform is kinda crowded i’m sure the fee gonna be rising high even if it’s other platform like matic that are being regarded as the true alternative of ETH all these newer platform just hasn’t faced the real issue of being overcrowded unlike ETH and i’m sure if they faced the same thing surely all these platform will definitely have some crazy gas amount required.

it’s all coming back with the platform itself, could they scale well or they just gonna become overcrowded and eventually leading the gas required increases significantly and sees if they could withstand the trends like NFT that could flooding the platform with so many NFT and NFT games transactions.

[Ezravdb]

at that time Gwei was between 15-25 . Eth gas fee depends upon total transaction. when transactions are low then as a result the fee is also low. I remember the Gwei was come down to 12 Gwei. this usually happens in a bear market.
at this time market is bullish and Gwei is 70, you can check the USDT transfer fee is 25$.

In terms of the current size, the transaction gas fee on the ETH network is still considered large because it is measured in one transaction so it is inconceivable when someone makes a transaction up to ten times.
So in general, the ETH transaction gas fee is still unstable because the Gwei amount also changes frequently.

[sarmrakib]

I think the current decline in ethereum gas costs is due to reduced activity on the use of the ethereum network so that the system is not crowded and there is no congestion, which makes the transaction costs decrease, maybe this is due to the declining crypto market so ethereum users delay and are reluctant to transact for a while, but I'm sure if the ethereum network users get crowded again then the gas costs will go back up again.

I am agree with you that the using of this network is decrease in recent days so that's why we have seen that lower gas fees .The transaction would be the second reason which become less that's the pressure of the network get sown and we have seen the lower gas fees .Its true that eth is the most popular chain and if the using of the network become increased the fee will be increased on this network again .So not the reason to become happy much to see the lower fees it may be increased anytime .I think the eth team should work on this to reduce the fees more and it will be more popular to the investor .

[feelideb]

Bear market may have a lots to do with decreasing gas fee! NFT is another gas gusler! Trading NFT has reduced in volume and people are out of the market as cryptocurrency circle kicks in. I hope etherum  will have scaled to accommodate bigger transactions volume as cryptocurrency becomes popular and attract more users!

[mdzahed134]

I haven't used Etherum Network in a long time and it can also be said that i have found an alternative to transfer a token at very lower price and so faster transaction. Gas Fee is depends on the load of the transaction in a network which is can be ETH or others network. Now gas price is 37 (0.13$) to fast transfer although i think you can't transfer a token such lowest fees.

[$anounimus$]

Yes, I've also done some exchanges using Metamask for the ETH Network, and as a result,  Ethereum fees are very affordable. In my opinion, Ethereum transaction fees are dropping due to the scaling of the network, and the transition to proof of ownership. People can't move ETH because blockchain is congested and slow and it's a down market so fewer people will trade.

[peter0425]

I haven't used Etherum Network in a long time and it can also be said that i have found an alternative to transfer a token at very lower price and so faster transaction. Gas Fee is depends on the load of the transaction in a network which is can be ETH or others network. Now gas price is 37 (0.13$) to fast transfer although i think you can't transfer a token such lowest fees.

so which coin are you using now as you said had stopped using ethereum long ago? why not share to us so we can at least look at it and may change our direction using ethereum as well.
because though the gas fee now drops really low but the opportunity of increasing is also there when the congestion happens again.
so better to have many option as we are constantly using network after network for our transaction and faster result.

[arifteguhr]

Yes, I've also done some exchanges using Metamask for the ETH Network, and as a result,  Ethereum fees are very affordable. In my opinion, Ethereum transaction fees are dropping due to the scaling of the network, and the transition to proof of ownership. People can't move ETH because blockchain is congested and slow and it's a down market so fewer people will trade.

The reasons you stated may be true, but for some people it is still not cheap even though compared to last year's transaction fees on the ETH network are still much more expensive and now it looks more affordable, but if ETH itself does not move quick to fix this, then expensive transaction fees will occur again on the ETH network.

[gamer4156]

I think the reason for the decay gas eth in light of the fact that the volume of exchanges against eth has diminished definitely. Meaning the Ethereum network right now not an excess of occupied that is the reason excavators can without much of a stretch interaction every forthcoming exchange.

[Xal0lex]

I think the reason for the decay gas eth in light of the fact that the volume of exchanges against eth has diminished definitely. Meaning the Ethereum network right now not an excess of occupied that is the reason excavators can without much of a stretch interaction every forthcoming exchange.

I'm not sure that the volume of ETH had much effect on the cost of gas. The main catalysts for commission growth have always been Ethereum blockchain tokens. In 2020 it was DeFi tokens, and in 2021 it was NFT tokens. It is the transactions involving tokens that are the main reason for the rise in the cost of gas. Even though there is an Ethereum exodus on exchanges, if a token hype appears now, the price of gas will be high again.

[NewRanger]

I think the reason for the decay gas eth in light of the fact that the volume of exchanges against eth has diminished definitely. Meaning the Ethereum network right now not an excess of occupied that is the reason excavators can without much of a stretch interaction every forthcoming exchange.

I'm not sure that the volume of ETH had much effect on the cost of gas. The main catalysts for commission growth have always been Ethereum blockchain tokens. In 2020 it was DeFi tokens, and in 2021 it was NFT tokens. It is the transactions involving tokens that are the main reason for the rise in the cost of gas. Even though there is an Ethereum exodus on exchanges, if a token hype appears now, the price of gas will be high again.

network traffice at this moment still calm down , and there is no hype in Defi project that attract ethereum transactio. mostly now common transaction which is didnt make network stuck. its like a cycle which is continuesly repeated, so someday we will see high transaction fee again while hype project occur on ethereum platform.