16
Ethereum Forum / Re: Ethereum gas price drops to $0.82 ( 24 gwei ), end of defi/NFT hype?
« on: May 05, 2024, 11:00:58 PM »Even this time, the gas fee is very, very low. only 5-8 gwei for the Ethereum network and it is already the largest. Yes, because the market is still in a state of decline, and transactions on the network are not crowded enough. So, this could be one of the best moments to transfer large amounts of Ethereum or ERC20 tokens. It's better now, than waiting later and later. In fact, we don't know whether the anticipation will remain small like this or whether it will quickly increase when the market and price of Ethereum rise again drastically. and the network is busy.This is a fairly normal movement in gas fees because Ethereum's gas fees depend on the level of transaction density on the Ethereum network. As you have said, when the network is busy, gas fees will increase, but when the network is quiet, gas fees will start to increase. decrease.It's true, when transactions are not too busy then the costs required will indeed go down, but when we want to make a transaction such as purchasing something very important and have to make payment right then and there then we can't wait until the transaction costs go down.
https://etherscan.io/gastracker