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Author Topic: ERC20 Network Fees is down  (Read 15408 times)

Offline Stuart

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Re: ERC20 Network Fees is down
« Reply #90 on: May 11, 2021, 03:25:31 PM »
It will be gladly accepted that the price of ETH is down and getting back to normal. Cause the price of transaction of tokens/coins of less than $50 is like throwing away money, cause the cost of its transaction is approximately equal to the price of token you wish to transfer.
This will be very good to the ETH network if the price can come back to an affordable price of transaction fee and will be a room to retain its customers and users of the network. The sooner this price issue is rectified, the better for the ETH network, else, BSC network will dominate the market and take the users of ETH.

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Re: ERC20 Network Fees is down
« Reply #90 on: May 11, 2021, 03:25:31 PM »

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Re: ERC20 Network Fees is down
« Reply #91 on: May 11, 2021, 03:47:12 PM »
For a long time waiting for Eth Gas to fall, it has finally been achieved, the price of Gas that returns to normal is of course very much expected by people who are still loyal to the Ethereum platform. Many Erc-20-based tokens cannot be sent because of the high price of Gas Eth, but with the decrease in Eth Gas, although it cannot be normal as before, this is enough to send Crypto Erc-20 at a low cost.

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Re: ERC20 Network Fees is down
« Reply #92 on: May 12, 2021, 12:21:23 AM »
I am very happy to know the news. Its really a good news. I also cancelled my token transfer from my Ether waller because of very high network fees. I was very anxious and thought that it would some what hamper my trade. But I am relaxed that this fee is decreasing. I think, existing fees should be again decreased. It is still too much. We have to frequent transfer our token and coin. Low network gas fees will surely encourage to utilise the ether wallet properly.

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Re: ERC20 Network Fees is down
« Reply #93 on: May 12, 2021, 08:13:34 AM »
ERC 20 fee is unbearable .yesterday  There was 300$ average price of any transaction.Unless there is up gradation in this network.Fee will be like this.But after up gradation we can expect fee back to normal.For this we have to wait till July of this year.

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Re: ERC20 Network Fees is down
« Reply #94 on: May 12, 2021, 07:10:56 PM »
At present, there is a lot of increase in gas free of Ethereum network due to which investors are facing many problems. But a few days ago the gas free of the etherium platform was reduced. But now again the gas free of the Etherium platform has been increased. Ethereum brought this amount of gas If it is free, many investors will leave the Etherium platform, as a result of which the Etherium platform may face loss of popularity.

Offline Bobcrypto

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Re: ERC20 Network Fees is down
« Reply #95 on: May 12, 2021, 09:25:16 PM »
Ethereum gas fees has caused some set back to users worldwide. Many people has started using other blockchain networks, fortunately we are experiencing a gradual return to lower gas fees. The high gas fees had hinder s lot of trading activities especially withdrawal, and I just think this low fee will be sustain for a long time.

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Offline SkyRocket

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Re: ERC20 Network Fees is down
« Reply #96 on: May 13, 2021, 03:41:18 AM »
At present, there is a lot of increase in gas free of Ethereum network due to which investors are facing many problems. But a few days ago the gas free of the etherium platform was reduced. But now again the gas free of the Etherium platform has been increased. Ethereum brought this amount of gas If it is free, many investors will leave the Etherium platform, as a result of which the Etherium platform may face loss of popularity.
The fees from the ethere network have risen again and that makes us uncomfortable, because ethereum really does not set a standard fee for sending tokens on their network, even the higher the ethereum price makes the fees that must be issued even higher, yesterday I tried to see the fees from ethereum network transaction and fees are also very high some even more than $ 100 for a single shipment.

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Re: ERC20 Network Fees is down
« Reply #96 on: May 13, 2021, 03:41:18 AM »


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Re: ERC20 Network Fees is down
« Reply #97 on: May 13, 2021, 04:06:15 PM »
Ethereum gas fees has caused some set back to users worldwide. Many people has started using other blockchain networks, fortunately we are experiencing a gradual return to lower gas fees. The high gas fees had hinder s lot of trading activities especially withdrawal, and I just think this low fee will be sustain for a long time.
Ethereum does have to make changes if it still wants to be accepted by the community. The reason is that there is a new rival to the BSC platform which costs less than Ethereum. And the very right thing is when the price of Eth Gas goes down, it turns out that the BSC Gas price goes up. Either this is just a coincidence or not, but I believe there are still many people who choose Ethereum even though there are newcomers.
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Re: ERC20 Network Fees is down
« Reply #98 on: May 16, 2021, 12:40:38 PM »
The transaction fee from Ethereum is when every transaction on the blockchain decreases, but when the Ethereum transaction on the blockchain gets denser, the price will go up for the fee.
For example, the price of Ethereum is going up so all the investors in the main wallet send their Ethereum to the Exchange for sale and the transaction fee is getting heavier and more expensive.
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Re: ERC20 Network Fees is down
« Reply #99 on: May 17, 2021, 03:56:39 PM »
This time the fee is low and this is the great news for us becasue the most peoples will use the ETH wallet becasue it is the safe and best wallet in the crypto market but becasue of high fee so many peoples will leave it and use the TRX wallet becasue of its low fee.

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Re: ERC20 Network Fees is down
« Reply #100 on: May 17, 2021, 04:11:32 PM »
At present Ethereum's transaction fees are between increase and decrease. Once the transaction is done, it is seen that a large amount of gas is wanted for free, and once the transaction is done, it is seen that the transaction fee is very low.But I think the Ethereum community has become much more aware of their fee transactions.
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Offline Review Master

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Re: ERC20 Network Fees is down
« Reply #101 on: May 17, 2021, 05:31:21 PM »
It's really ridiculous to see that pump-dump is going on the gwei price because of IDOs. In the past few days, 2-3 IDOs was done and gwei price was akways more than 200 and min of 100. Today, there isn't any IDO and gwei price is under 100, but it won't long last. Starting from tomorrow,  there will be more than 2-3 IDOs in the upcoming days which means, gwei price will surge again. So do all the token transections now so that anyone doesn't need to face the high transection fees again.  ;)
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Offline Markuri33

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Re: ERC20 Network Fees is down
« Reply #102 on: May 18, 2021, 09:06:45 AM »
The transaction fees for the ERC-20 platform has really come down but suddenly the Ethereum price has gone up so much. The Ethereum price did not increase due to the additional transaction on the Ethereum platform, despite being the second most popular among cryptocurrencies. Ethereum prices have risen as investors have invested heavily in Ethereum since the Ethereum platform's transaction fees were reduced.
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Offline NANCY

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Re: ERC20 Network Fees is down
« Reply #103 on: May 18, 2021, 07:47:35 PM »
Thank you very much. You have presented many beautiful and constructive posts to us. But I had no idea about the post you shared with us I learned a lot from this valuable post of yours. I hope you will share more posts like this among us. Then we can learn a lot.

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Re: ERC20 Network Fees is down
« Reply #104 on: May 19, 2021, 10:03:48 AM »
I do not want to say anything confirmed about the gas free of the Ethereum network. Because now if we see Ethereum's gas fee is a little less but after a while it will be seen again its network fee will increase again.However, compared to the past days, Ethereum's additional network has become much more fee. Hopefully a lot of people will get this gas fee.
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