Why ETH gas fee still unbearable?

[smart_oa]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

[atjiat]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

We must also take into account the fact that in most cases, users of the erc20 platform themselves inflate the transaction value in order to be one of the first to get their transactions approved. At least Ethereum 2.0 should solve the scalability problem, and as a result, lower prices per transaction.

[Octoalts]

Actually, the cost of ETH gas is not always high, but we have to see that moment. If the Ethereum platform is transaction-heavy, it will inevitably be expensive because people will charge high prices so that their transactions are quickly confirmed. 
Therefore, it's good if before we make a transaction we check Gas Costs first here https://etherscan.io/gastracker

[Thymoty]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

I think the launch of eth 2.0 will not have an impact on ethereum gas fees, because ethereum gas fees are affected by the computation of the ethereum protocol, whereby if there are more transactions to be processed then the amount of gas fees will increase or decrease.

[zulfi125]

ETH price increases due to demand rising for DeFi projects investments and ETH staking and other demand, so I think ETH gas fees will not be reduced and higher in coming months.

[Review Master]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

ETH 2.0 has three phases and it's only now on first phase which is named as BeaconChain. After finishing all of these three phase, we can see a major impact on transection/gas fess. Also we need to wait for sharding ( sharding is on phase two) to get lower gas fee which isn't launched yet.

[satpol_PP]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

Yes, I see many people predicted Ethereum 2.0 launch will solve the gas issue, But I see the gas is still high. I think gas depends on trafic ,not Ethereum 2.0 release. I think we should wait and see the progress of Ethereum 2.0.

[Lanirex]

I think it will take much longer for this ETH Gas price to fall after the launch of Ethereum 2.0.  Because if the price of ETH Gas continues to be high then this will make Ethereum lovers disappointed, of course Vittalik doesn't want this to happen.

[anobtc]

Currently, gwei price is only about 2x, quite low compared to the previous time. However I think the current ETH network's transaction fees are still quite high with over $ 0.1 per transaction. We need a fee amount 10 times smaller than that to be reasonable.

[Fenix]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

Of course, the price of ETH gas will fall, but not from the first day of Ethereum 2.0 launch.  These improvements are multifaceted and broken down into a number of stages.  They will only be fully completed within two years.  Once, Buterin said that already at the first stage, the scalability of ethereum will increase to one thousand transactions per second, and at the last stage it will grow to several hundred thousand transactions per second.  We need to wait a while.

[jakasantosa]

I think the Gas Fee is based on the price of the coin. We know that for now Eth is priced at $ 590 which in the previous month was around $ 200 and at that time the Gas fee for Eth's transactions was very cheap. with the increase in price which causes the Gas Fee Eth to increase.

[hair]

Many people are waiting for the change from ETH 2.0, at the moment I see that the price of gas has not decreased.

at least we'll have to look at the next few days to find out. Maybe all need a process

[chaves05]

as I know ETH 2.0 focused to increase the transactions speed up to 100k tx per second. with my own opinion GAS fee ethereum now its normal with volume transaction all of erc20 tokens so big. we can see uniswap volume reached up to 600M only for 24 hours its not a small volume transaction..


it's not all of ERC20 transaction.. only Uniswap volume

[Quantum X]

Currently, gwei price is only about 2x, quite low compared to the previous time. However I think the current ETH network's transaction fees are still quite high with over $ 0.1 per transaction. We need a fee amount 10 times smaller than that to be reasonable.

I think $.1 is reasonable enough. This gas price might be too heavy to a country where such price has big exchange to their fiat. This is just my opinion.

[TomPluz]

Many people expect that the ETH gas prices will be down after ETH 2.0 launch. But ETH 2.0 is already operational but ETH gas price no still the same. It won't reduce or this will take more time?

ETH 2.0 has three phases and it's only now on first phase which is named as BeaconChain. After finishing all of these three phase, we can see a major impact on transection/gas fess. Also we need to wait for sharding ( sharding is on phase two) to get lower gas fee which isn't launched yet.

Happy to note that. I am really expecting that there can be lowered and more acceptable level of gas fees as what we are experiencing right now can too much to stomach. In fact, I am considering the high fees to be a great insult to cryptocurrency itself. This is not supposed to be this way, and we the users should broadcast and spread this message so that people behind the Ethereum network can be inspired to really do everything they can for the sake of the ordinary people who are believing on them and the great potential of Ethereum 2.0.