Ethereum gas price drops to $0.82 ( 24 gwei ), end of defi/NFT hype?

[naitik01]

Ethereum gas price is falling and now it is $0.82 (24 gwei) lucky it is only a short time ticker and climbs higher again. It is currently at 70 (gwei), it remains to be seen when it will stabilize at its low level.

[MrSpasybo]

The cooling of the market and the drop in the price of ETH has allowed users to conduct transactions on the Ethereum network more smoothly and cheaper, but this is really sad for crypto investors. I hope Ethereum will have an effective solution after Merge and we will always have gas 5 gwei.

[Review Master]

The cooling of the market and the drop in the price of ETH has allowed users to conduct transactions on the Ethereum network more smoothly and cheaper, but this is really sad for crypto investors. I hope Ethereum will have an effective solution after Merge and we will always have gas 5 gwei.

Market was dumped because of the liquidity scene from both Celsius Network and 3AC (Three Arrow Capital), although 3AC was the main problem for this. No worries, market will pump back, especially ethereum as liquidation situation is gone (most likely). Back to the ethereum gas price, it's already dropped to 17 gwei. So more lower gas price is expected in the upcoming days.

[KryptoBull]

At this point, the crypto market is really gloomy and we no longer see waves of buying crypto on UniSwap or NFT, transaction fees on Ethereum have dropped significantly. I hope this will be an opportunity for Merge to be successfully conducted so that we can experience 5 gwei like 2018-2019. At that time, the community will return to Ethereum.

[surendertakyaan70]

That's right That the value of Ethereum gas has dropped significantly. But there is also a golden opportunity for the investor. Those who like the Ethereum block chain. in crypto market. When the rapid movement of the Diffty or the boom in the NFT is seen, then the value of Ethereum starts increasing. Recently the market of all the coins is down. NFT will also rise as soon as the market rises

[pelana vreo]

Transactions on Opensea and Uniswap exchanges are still at a high level for gas fees at the moment, Hype DeFi is still there and we are still seeing high transaction fees, I am just waiting for the Beacon chain to be active and used by community members, but the chain is not being used and I think the developer still has some PR to be able to activate the chain, if the Beacon is active it looks like the cost will be low and almost the same as BSC.

[Seerge]

Ethereum gas price is falling and now it is $0.82 (24 gwei) lucky it is only a short time ticker and climbs higher again. It is currently at 70 (gwei), it remains to be seen when it will stabilize at its low level.

Ethereum Gas price also fluctuates, if we want to use the Ethereum network then we have to choose the right time. When Ethereum Blockchain traffic is heavy, Eth Gas will increase, and when Ethereum Blockchain traffic is low Gas Eth will decrease.  So we have to monitor it always to know the price changes.

[lepbagong]

Ethereum gas price is falling and now it is $0.82 (24 gwei) lucky it is only a short time ticker and climbs higher again. It is currently at 70 (gwei), it remains to be seen when it will stabilize at its low level.

Ethereum Gas price also fluctuates, if we want to use the Ethereum network then we have to choose the right time. When Ethereum Blockchain traffic is heavy, Eth Gas will increase, and when Ethereum Blockchain traffic is low Gas Eth will decrease.  So we have to monitor it always to know the price changes.

I think what you say is true, my friend, avoid using the ethereum network when the traffic is very heavy because it can be ascertained that the fees that will be charged will be expensive and it can't be avoided. In fact, now there have been changes, although not yet significant and there needs to be continuous updates because that is the best way because if bitcoin has recovered from the correction, ethereum will increase as well and of course there will be consequences the costs will be expensive again.

[Fenix]

At this point, the crypto market is really gloomy and we no longer see waves of buying crypto on UniSwap or NFT, transaction fees on Ethereum have dropped significantly. I hope this will be an opportunity for Merge to be successfully conducted so that we can experience 5 gwei like 2018-2019. At that time, the community will return to Ethereum.

Yesterday I noticed that the gas fee on the ethereum network was 7 gwei, and now it is 17 gwei. In general, pretty good. But the price of ethereum has been growing very well in the last week compared to bitcoin and other cryptocurrencies, so it should be held. And the tokens have fallen in price and there is no point in selling it. Therefore, the volume of transactions in the network is falling. We look forward to September, when the final merger is planned. They promise that fast transactions and cheap fees will become the norm.

[Vx1]

Currently the price of ETH Gas is quite cheap, Maybe someone wants to transfer Erc20 Coins. 
Now is the perfect time!

[anshor1]

when  the crypto traffic drops, I think gas fee will drop
We know gas fee always depends on traffic and the price of Ethereum.
So, I think when Ethereum price goes up, gas fee will too.

[Muneeb22]

This time again the fee is high but soon the price will comes down and i hope that time the new crypto projects will again select the ETH wallet for their coin becasue this time the fee is high and that is the main reason that the new project will select the BSC and also the TRX wallet.

[zilzylian]

Right now gas prices might stabilize, but I'm still waiting for september when the Fork actually goes live and changes gas costs just like the BSC on the Beacon network.
for now ethereum is still using the POW system and this can increase gas costs as transactions increase.

[dodok]

I think this is good news for etherum because etherum has started to find a way to lower gas costs, this will make etherum used for more projects that use smart contracts on the etherum network, this news allows investors to return to the etherum network  .

[Hisbullah]

Ethereum gas price is dropping and it's now $0.82 (24 gwei) which is less than $1 and erc20 transection fee is almost $2.50. Kind of low transection at current time from my side. So is it the end of defi/nft hype? Because see a lot of hikes in the ethereum gas price whenever there was defi boom in the crypto market or hyped up nft minting. In current market, everyone is almost bearish and the question's: is it the end of defi/nft hype or not?

Gas price tracker: https://etherscan.io/gasTracker

It depends on the market condition, when  bearish ERC20 gas fee will go down.
As we know, crypto market traffic is going down now, So gas fee will low too.
But maybe other has other opinion here, let's share.