ERC20 Network Fees is down

[Gravatai]

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.

For the last year, due to high fees, I have not been using the Ethereum wallet for small transactions, since the transaction price is more expensive than the cost of the tokens that I want to transfer. I think we need to wait for the update to Ethereum 2.0 or crypto winter, when the price of Ethereum will be lower and transactions will be cheaper

[Zezari]

We will wait for the ether update and then we will look at the transaction cost, now it is very large and it is difficult to withdraw small amounts of coins from the platform. Sometimes it happens that the network crashes and the transaction becomes low, but I would like it to be always acceptable.

[Muneeb22]

The ERC20 wallet again increase their fee and this will not good for us and we know that if the ETH coin go high then the fee is also increased and may be they increase their fee almost 200$ for just a single transaction and the ERC20 wallet users will send their all coins to exchange and so many new projects will now use the BNB and also the TRC20 wallet becasue of the high fee of ERC20 wallet.

[hasyurt]

There are erc 20 tokens in the wallet, but sending them to exchanges is a serious problem. Too much commission is required from the value of the token. The situation is the same when you want to swap. There is a x3 solid commission unfortunately. The Ethereum team needs to find a solution to this.

[Freemind]

There are erc 20 tokens in the wallet, but sending them to exchanges is a serious problem. Too much commission is required from the value of the token. The situation is the same when you want to swap. There is a x3 solid commission unfortunately. The Ethereum team needs to find a solution to this.

Swaps are always more expensive than a "normal" ERC-20 transfer, if we look at the data right now we will see the following:

Uniswap Swap: $36.58
ERC-20 Transfer: $11.89

And that taking into account that now they are much cheaper than a few weeks ago, when we could see a transfer at $60 and a swap at $150. I hope this madness ends soon, because when Ethereum rises again we will see the same prices as a few weeks ago.

[bmw1]

ERC20 Network Fees is down.
Honestly, the Ethereum Network team is in a big loss project. I think it's true because Ethereum's network fee was much lower in 2020 but what happened to them in 2021 is that Ethereum's network fee has become much higher. But in a way it is possible to reduce some network fees. That is, if you add a wallet to Metamask and make a transaction, then the network fee will be reduced a bit.

[msz900]

ETH is the only coin which fees are not stable and because of this I have already made a bad decision and lost almost $800-$900 because I was not sure that it will be down below 50 Gwei, but the price of ETH is also down.

[Freemind]

ETH is the only coin which fees are not stable and because of this I have already made a bad decision and lost almost $800-$900 because I was not sure that it will be down below 50 Gwei, but the price of ETH is also down.

That's the good and the bad at the same time. That the price of the transaction is variable is bad when certain limits are not established that allow all users to move their tokens. But I think this should be limited to the highs, but also the lows, so that the miners can continue to do their job. Hope there is a solution available soon otherwise the rest of the chains will get thousands of new users.

[Muneeb22]

The fee of the ERC20 network is very high this time again and so many peoples will now not use the ERC20 wallet becasue of their high fee. Now i personally use the TRC20 and also the BNB wallet becasue that is good for me this time becasue they have low fee.

[lepbagong]

The fee of the ERC20 network is very high this time again and so many peoples will now not use the ERC20 wallet becasue of their high fee. Now i personally use the TRC20 and also the BNB wallet becasue that is good for me this time becasue they have low fee.

The risk of high costs is clearly not just us, Dev with his new project is also trying to reduce distribution costs if still using ERC20 it is clearly not profitable. So many are looking for alternative platforms that can reduce costs cheaply and currently there are quite a few available, but it seems like Binance is in control and the others are not as widely used as Binance.

but in the future all will experience high costs if the supporting coins are also high and that will automatically happen, it seems difficult to avoid it. the higher the price of the coin then everything will also have an impact.

unfortunately the smaller the bounty that is distributed. because all bounty have been pegged at the price, not the coin to be given, then there is no hope of being able to enjoy the coins that increase after the sale, so there is no other way to look for cheap fees because the income is also small.

[Azharul]

We know that ERC-20 Network is one of the best expensive Network in the cryptocurrency world. So many people were changed this network for there expensive fees. Those people were accepted TRC-20 network for there lower fees. But in this time if the cost of ERC-20 is coming down, I believed that gradually people look after it's condition and observe this situation for accepting ERC-20 network.

[Muneeb22]

This time again the fee is high of the ETH coin and this will go high in future more becasue the coin price go high and same as it is the fee is also go high in the market. Because of the ETH fee so many new projects will go to the TRC20 and also to the BNB wallet becasue these wallets fee is low.

[Btclover]

Their holders are still waiting for their peak price growth. In addition, many already know about this problem and do not use the ethereum network unnecessarily until July, when it should be solved due to the systematic implementation of Ethereum 2.0 improvements.

[silkytakyaan86]

Yes, there has been some relief regarding the ethereum fee. But looking at others it is still more. Eth is a very reliable blockchain. And famous, everyone wants to join it.

[Muneeb22]

The fee of the ERC20 is very high and they make the fee more high in future if the coin price go high and this is not good for them becasue so many new projects now this time go to the other wallets like BNB and TRC20 wallets becasue of the low fee.