People lossing interests on ERC-20

[Gubre]

Yes! I and my brother made a twice transactions in ethereum blockchain but it's not like the way it is before because aside from the high gas the transaction is too slow.  A bit disappointed about this matter. I'm asking why this is happening right now during the time of pandemic.

[Senin]

Yes! I and my brother made a twice transactions in ethereum blockchain but it's not like the way it is before because aside from the high gas the transaction is too slow.  A bit disappointed about this matter. I'm asking why this is happening right now during the time of pandemic.

The Ethereum network is just too congested right now. The stablecoins on the ethereum blockchain gave a big load, and the total number of altcoins has already grown to more than six thousand, more than 70 percent of which are in this blockchain. In general, the congestion caused the popularity of ethereum.
The scalability problem should be solved by the improvement of Ethereum 2.0, which we have been expecting for a very long time. Perhaps these are complexities and can speed up their implementation. In any case, these difficulties are temporary.

[EAA-ALLAH]

Yes higher transaction fees intence people to others platforms because they lossing their egarity to Ethereum platforms. They tends to go xlm and Tron platforms due to lower transactions fees.

[Salman Hasan]

this might happen now that there were too much gas fee for ethereum blockchain. I can't believed vitalik don't do anything to lower the price and mitigate the issue on high price and.posible transfer of users to other blockchain base platform.

[Fenix]

this might happen now that there were too much gas fee for ethereum blockchain. I can't believed vitalik don't do anything to lower the price and mitigate the issue on high price and.posible transfer of users to other blockchain base platform.

The problem with high transaction fees on the ethereum network does exist, however, it cannot be solved in a short time. Buterin is also associated with various contingencies. It would be nice to launch Ethereum 2.0 now, but here you need to think it over and double-check it many times, rushing can be very expensive. Therefore, for the time being, you need to be patient. The popularity and demand for ERC-20 tokens will return.

[Bobcrypto]

The gas fee on the Ethereum network should be reduced to boost ERC20 token demand despite the Ethereum 2.0 addition to the ecosystem. A continuous increase or rise in gas fees will definitely hinder further growth of Ethereum and especially the ERC20 tokens.

[Tanimariya]

If you look at the amount of transactions in the last few weeks, you will see that there are less transactions. Because of the extra gas fees people are doing less transactions from the ethereum platform and that's why I think it has suffered a bit. This is driving the transaction for the higher price of the gas fee. However, I believe that the volume of Bitcoin transactions has increased. Because I myself have traded bitcoins.

[Malam90]

In the past few weeks, we have all witnessed an enormous surge in the transaction fees on the Ethereum Blockchain with very low transaction speed. It greatly impacted the business and forced us to transfer the increment in those fees to the community and users of our application. In a bid to resolve this and avoid future related issues, we have proposed to migrate our token to the Tron blockchain. This will enable us to secure the future of your investments and that of the project.

Right, I am also depressed at the high transaction fees in ERC20 tokens in the Ethereum Network. I have mostly stopped transaction for high fees and when i badly needed, i use TRC20 tokens for lower fees. Still network fees in ERC20 is high and it has put negative impact on ERC20 tokens specially on Ethereum.

[sky20]

Day by day people are reducing their interest from ERC-20. Most of the little investor or holders are already negative with ERC-20. That is why they take the others platform. I think it would not good for ERC-20. Immediately they take decision to reduce the fees from this ERC-20 or Ethereum platform.   . 

[Rain075]

No at all because only Erc20 assets transactions fees increased but bitcoin transactions fees more than Ethereum transaction fees, yet bitcoin loss it reputation?

[therozaq]

In the past few weeks, we have all witnessed an enormous surge in the transaction fees on the Ethereum Blockchain with very low transaction speed. It greatly impacted the business and forced us to transfer the increment in those fees to the community and users of our application. In a bid to resolve this and avoid future related issues, we have proposed to migrate our token to the Tron blockchain. This will enable us to secure the future of your investments and that of the project.

Yes, It is true mate..Ethereum Blockchain with very low transaction speed. I hope ethereum 2.0 will give solution. I hope ethereum 2.0 will affect the gas and speed of transaction. I also see many people have use Tron for Investment and transactions now.

[MRM]

Yes, as the days go by, people are reducing their investment in ERC-20 tokens. Because if you want to invest, you have to change the erc20 token. That change requires a lot of gas fees. So I think everyone except some angel investors have dropped out. However, there is still a huge demand in the market. The reason for the huge demand in the market is that those old investors but they did not stop using the eth platform. They are leaning more and more. So still in a good position.

[I-Bit]

There are too many tokens ERC-20, some of them failed to be good tokens. This may lead people to be not interested in these tokens anymore. In my opinion, people will be intereted in ERC-20 as long as there is no problem with it. While if there is something wrong, they will be not interested anymore.

[Quart]

I don't think that people lose their interest in ERC20 tokens. In this case, The existence of DeFi project may take much interest. But doesn't mean that they lose interest on ERC20 token. ERC20 tokens are still valuable to have 

[Msweet]

Aave is a decentralized lending platform built on Ethereum. The most important step the project took, was transforming from a market place for loans to pool lending. In pool lending, lenders put their tokens together in a pool, out of which borrowers take their loans. The interest rate is determined by supply and demand. The higher the %age of a pool is already loaned out, the higher the interest rate. In a market place, lender and borrows set their interest rate and waited for someone to take them up on their offer. This process was rather strenuous and inefficient.
Aave for lenders In order to offer a loan on Aave, all you have to do is send your tokens that you wish to lend to a smart contract. Aave then generates a token called a+”Token-ticker”. For example, for the US-Dollar stablecoin DAI one would obtain aDAI. aDai can be exchanged for DAI at any given moment provided the pool isn’t overloaded. If for example the pool has 100 DAIs, 99 out of which are lended, and somebody wished to exchange their 5 aDAI for 5 DAI, he would first have to wait for the borrowers to pay them back. The aDAI in our case increases in value compared to DAI, because the borrowers pay back interest to the pools. In that sense, aDAI can be seen as a transferable, interest-bearing DAI token. The aDAI contract updates the holder’s credit by the minute depending on the interest rate. To make it simpler, whoever holds aDAI in his wallet, will see its value increase periodically.