ERC20 Network Fees is down

[WitLink]

High gas fees has been a major talking point on the Ethereum Blockchain. I'm looking forward to the launch of Ethereum 2.0 which will use a POS approach instead of POW and is expected to decrease gas fees significantly. Ethereum is one of the best and leading Blockchain and I'm sure this issue will be solved soon.

[Rifan Khan]

High gas fees has been a major talking point on the Ethereum Blockchain. I'm looking forward to the launch of Ethereum 2.0 which will use a POS approach instead of POW and is expected to decrease gas fees significantly. Ethereum is one of the best and leading Blockchain and I'm sure this issue will be solved soon.

You are absolutely right.  I agree with you.  Your words are similar to mine.
Thank you very much from me.  You made a good quality post.  Thank you for that.  Goodbye thank you

[pelana vreo]

The Beacon chain has not been used until now, I am still waiting for some news about the Altair, this technology is still being developed to overcome the problems that occur, the Eip-1559 provides a little solution with stable gas costs at the beginning of the launch, but now the gas fee is back increases as the number of users on the ethereum network increases

[Goldlife]

Yeah, you are right. I tried several days ago and check the gas fee. The gas is lower than previously. At that time I really remember that the gas is always more than 100 GWEI. And now it is under 50Gwei. Hopefully, this will last longer or will probably be down again. For, we have seen that many projects move to other platform tokens, leaving ERC20 or ethereum platform

[mahadev]

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?

I think gas fee is depending on Ethereum price, If Ethereum price is going strong, we will see gas fee is very expensive.
Gas fee is not going down now, because Ethereum price is increasing. So wait and do transaction at the right time when gas fee lower ..

[EthereumDev_]

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?

I think gas fee is depending on Ethereum price, If Ethereum price is going strong, we will see gas fee is very expensive.
Gas fee is not going down now, because Ethereum price is increasing. So wait and do transaction at the right time when gas fee lower ..

I think it's not just a factor in the price of ethereum but from the level of crowds of transactions using the ethereum network, when more and more transactions use the ethereum network and make transactions more expensive so that the value of gas costs increases.

[arnold dudicove]

I think it's not just a factor in the price of ethereum but from the level of crowds of transactions using the ethereum network, when more and more transactions use the ethereum network and make transactions more expensive so that the value of gas costs increases.

Yes, I think the traffic is busy, It is the reason why more expensive.
many projects has been integrated to ERC20 platform, But the ethereum team should have good solution for this problem.
We always waiting the solutuon, but nothing till now.

[elbans89]

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?

Down at several time , but will expensive again later.
It is the big problem for us, as bounty hunter, trader or investors.
We can do anything while high gas fee, too expensive.
And Ethereum team didn't have good solution.

[nextman2329]

The cafe now looks more like Ethereum than it used to be. If a token is going to be tensed, the token is going to be cut in half. I think it's a bad thing.

[Muneeb22]

This time the ERC20 network fee is also increased and we know that so many peoples will tired to pay high fee and send the coins and i hope in the future the fee will low but  this time the fee is very high then the other networks which is not good for the new investors.

[Alcor]

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?

I think gas fee is depending on Ethereum price, If Ethereum price is going strong, we will see gas fee is very expensive.
Gas fee is not going down now, because Ethereum price is increasing. So wait and do transaction at the right time when gas fee lower ..

Gas fees on the ethereum network fluctuate and depend not only on the price of this coin. It has been noticed from practice that during the day it rises and falls. At night, when there are few transactions, it is relatively small. At the same time, now, at lunchtime, it is also a little, only 49 Gwei.

[Freemind]

Gas fees on the ethereum network fluctuate and depend not only on the price of this coin. It has been noticed from practice that during the day it rises and falls. At night, when there are few transactions, it is relatively small. At the same time, now, at lunchtime, it is also a little, only 49 Gwei.

You are right, but there is no need to control the price of transaction fees for a long time. As I have said on some other occasion, the easiest thing to do is visit this site: https://etherscan.io/gastracker, on that website we will be able to see in real time the price of any type of transaction in the Ethereum chain, CEX and DEX. The web updates itself every 14 seconds, it is very easy to use and the data is also easy to understand.

[Muneeb22]

The fee of the ETH coin go high again and this time it make a very large fee in the market and so many new projects go to BSC and also to the TRX wallet becasue of the high gas fee. Now in the market so many coins holders will withdraw their coins from the ERC20.

[Beattysuhita]

Ethereum fees are indeed very expensive, and this is very disappointing for Ethereum Coin holders. I can understand if many people withdraw their ERC20 token and replace with tokens from other platforms.  I think this Ethereum Gas issue should be addressed soon, so that people holding ERC20 Token will not be disappointed again.

[bmw1]

ERC20 Network Fees is down. Ethereum's network fee is much higher at the present time because ERC20 team has increased Ethereum's network fee a lot at present. For example, if you want to send 10 10, you have to sit for 20 20 network fee, for which many people do not exchange and cannot send any dollar, so Etherium is used much less than before. Trust Wallet is currently one of the most popular wallets. It pays a lot of net network fees for any ERC20 token transaction. From this, if Metamask Wallet is used, token transactions can be done through a much lower network fee.