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Author Topic: ERC20 Network Fees is down  (Read 15413 times)

Offline HeartBit143

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Re: ERC20 Network Fees is down
« Reply #15 on: May 01, 2021, 05:09:18 AM »
A week ago even a few days ago i wanted to try to send my token from ethereum wallet to exchange, but i canceled it because the fee i have to spend is around $40- $50... but today i tried to make a transaction and i have to spend about $15 for one transaction... I'm glad the fee has gone down but it's still high because we have to pay a fee of more than $10 for each transaction and it also depends on how many tokens we send... hopefully the fee will go down even further... how about your opinion,guys?
Mate, you are right in this case. At present  Ethereum's gas fees is very cheaper than  past time. It is very good news for all crypto lover. For this higher gas fees, every investor slowly  left from this platform. But now everybody again attracted by Ethereum platform.               
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Re: ERC20 Network Fees is down
« Reply #15 on: May 01, 2021, 05:09:18 AM »

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Re: ERC20 Network Fees is down
« Reply #16 on: May 01, 2021, 07:32:37 AM »
Yes the gas fee of eth is getting lower now it's around 30 gwei so not bad.. This is good because I have ERC20 tokens that worth $10 only so I can now transfer my tokens in exchange. The BSC helps to get lower the gas fee of eth.

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Re: ERC20 Network Fees is down
« Reply #17 on: May 01, 2021, 09:32:26 AM »
Ethereum transactions increase abnormally as Ethereum prices rise in the cryptocurrency market.  Due to the extra increase in Ethereum transaction fees, it can be seen that it often costs from 60 to 100 for a user to make an Ethereum transaction.  As a result, users refrain from Ethereum transactions.  However, at present Ethereum transaction free is coming down a bit.  This is great news for us.  Many users are now able to do Ethereum transactions due to the reduction in Ethereum transactions free.  Hopefully, Ethereum's transaction free will be further reduced in the future.

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Re: ERC20 Network Fees is down
« Reply #18 on: May 01, 2021, 10:06:35 AM »
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Sat, 01 May 2021 08:05:01 UTC
Low
67 gwei
$4.03 | ~ 4 hrs : 44 mins:11 secs
Average
137 gwei
$8.24 | ~ 30 secs
High
144 gwei
$8.66 | ~ 30 secs
Estimated Cost of Transfers & Interactions:
    Low   Average   High
ERC20 Transfer   $12.47   $25.50   $26.81
Uniswap Swap   $38.38   $78.48   $82.49
Uniswap Add/Remove LP   $33.58   $68.67   $72.18
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Re: ERC20 Network Fees is down
« Reply #19 on: May 01, 2021, 11:01:14 AM »
Even a few days ago many users like me failed to transaction the Etherium platform due to the extra increase in Etherium Gas Free.  Due to the unusual increase in Ethereum transaction free, many users have left the Ethereum platform and turned to the Binance platform.  But now many users are able to do Ethereum transactions due to the reduction in Ethereum transaction free.  The reduction in etherium gas is great news for all our users.  Hopefully, etherium gas will be further reduced in the future.
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Offline Rehan Zakir

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Re: ERC20 Network Fees is down
« Reply #20 on: May 01, 2021, 01:29:10 PM »
Its is good news i think 3x fees down. The ethereum coin developers has tried its best to come down the ethereum price. Because the high transaction fees creates a bad impact on the ethereum coin. But now, its normal.
15$ is so high for a small trader please come down this fees to around 5$. then its more fine.

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Re: ERC20 Network Fees is down
« Reply #21 on: May 01, 2021, 04:05:31 PM »
I attribute this low commission to two things. First, I think Btc did a serious interim correction over a two-week period prior to this. While this was the case, many investors did not transfer crypto money from the wallet to the exchanges. When the network relaxed, high commissions disappeared. Second, Ethereum has made the Berlin Update in recent weeks. This has been positive for the network. If the market continues to be good in the near future, we may encounter the same high commissions.

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Re: ERC20 Network Fees is down
« Reply #21 on: May 01, 2021, 04:05:31 PM »


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Re: ERC20 Network Fees is down
« Reply #22 on: May 01, 2021, 04:05:51 PM »
At present this issue is observed by everyone .Because of the extra transaction fees on the Ethereum platform we were all in a state of discomfort.But now the amount of that transaction fee has come down a lot.For which we can all feel a little relief now.Previously, if you earned as much as 100$ from a campaign, you would have to pay a transaction fee of  20 to 30 dollar. But now that transaction fee has come down a lot.

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Re: ERC20 Network Fees is down
« Reply #23 on: May 01, 2021, 04:24:33 PM »
At present Ethereum network fee has come down a lot so Ethereum price has gone up a lot. I think the Ethereum price will cross $3k in a few days. It will be seen that everyone will invest in Etherium platform coins as the network fees has come down a lot.
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Re: ERC20 Network Fees is down
« Reply #24 on: May 01, 2021, 04:34:24 PM »
This is true that the ERC20 network fee is down this time and this is the great news for the ERC20 users. Last day i make a withdraw and the fee is very low when i send my coins to another wallet.

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Re: ERC20 Network Fees is down
« Reply #25 on: May 01, 2021, 04:53:01 PM »
I suppose that no matter who may say, but the cost of transactions has dropped significantly in recent years. Of course, this is not enough for those who are trying to transfer their assets, which in total value have a value below $ 6. I believe that such projects have no place on erc20 if they do not continue to develop.
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Re: ERC20 Network Fees is down
« Reply #26 on: May 01, 2021, 06:38:24 PM »
Just a few days ago, due to the gas fee, it was not possible to withdraw many payments. Because of the high transaction fee, those who had a small amount could not sell their payments.  Because it would cost থেকে 50 to  60 to transact a 40 amount.  It was very annoying and a lot of trouble.  But for two to three days the gas fee has come down a lot. This is good news for us. We hope that the transaction fee may not increase anymore.

Offline whyrqa

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Re: ERC20 Network Fees is down
« Reply #27 on: May 01, 2021, 08:39:23 PM »
Just a few days ago, due to the gas fee, it was not possible to withdraw many payments. Because of the high transaction fee, those who had a small amount could not sell their payments.  Because it would cost থেকে 50 to  60 to transact a 40 amount.  It was very annoying and a lot of trouble.  But for two to three days the gas fee has come down a lot. This is good news for us. We hope that the transaction fee may not increase anymore.
I believe that there is still not much time left before the platform moves completely to 2.0. on the assurances of the team, this moment will bring fairly low commissions on the network. Presumably this is June _ July.

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Re: ERC20 Network Fees is down
« Reply #28 on: May 01, 2021, 10:30:52 PM »
Yes the gas fee of eth is getting lower now it's around 30 gwei so not bad.. This is good because I have ERC20 tokens that worth $10 only so I can now transfer my tokens in exchange. The BSC helps to get lower the gas fee of eth.
This is indeed good news and we deserve to tell our friends who don't know it yet. Yesterday I even saw the cost of eth gas up to 15 gwei, of course this is very cheap when compared to some time ago where Eth transaction fees reached 150 gwei more.
Yes, I believe this is one of the effects of the usual cheapness of transactions on the BSC network, so Ethereum doesn't want everyone to move to BSC.
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Re: ERC20 Network Fees is down
« Reply #29 on: May 01, 2021, 11:54:19 PM »
This is what we have been waiting for, I hope this is not temporary and will happen in the future.  And we should take this opportunity to reduce the cost of Eth Gas to send our tokens, which have been delayed due to the high cost of Eth Gas all this time.

 

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