Fixing Gas Fees: Not Possible?

[pelana vreo]

There is nothing we can do but wait for the team to update information regarding the Beacon chain, this situation looks complicated as many projects are migrating to the Binance Network smart chain to avoid high transaction costs. as long as Ethereum uses POW system, there is nothing we can do because every transaction made by investors wants speed for the ether network, therefore they increase the amount of gas and we will always follow this situation.

[vitek146]

Ethereum L2 scaling solutions developer StarkWare has launched an alpha version of the StarkNet mainnet. Such projects as dYdX, ImmutableX, DeversiFi, and others are built on the basis of the engine from StarkWare. I Hope Vitalik with a team can do something for these insane fees (today 70$ for the erc20 transfer and 200+ for swap). Cuz for small transactions it like kill small investors.

[gurunanakji777]

Yes, due to its decentralized nature I feel it can not be control but we can expect from Vitalik to look into this issue because such high gas fee is not affordable for small investors so they are moving to other blockchain network where gas fee is quite less as compared to ethereum blockchain. This is a serious issue and Vitalik should do something to reduce the gas fee so that small investors will also get motivated to use ERC blockchain.