Author Topic: High transaction fees: Ethereum's fatal weakness (Read 4672 times)

Vx1 · « **Reply #45 on:** June 01, 2021, 04:00:57 PM »

Quote from: Sumaiya2 on May 09, 2021, 05:23:49 PM

The cost of gas fees may not be the same as it was in the past. Transaction fees are much lower than in the past. So now everyone can transfer tokens. No problem. Before, gas fee was the biggest problem. But now the problem has been solved due to the low amount of gas fee.

You are right, currently Ethereum Gas costs are getting cheaper. So we can trade happily. But remember every time we want to make a transaction, make sure you check it first, because the cost of Gas Eth can go up quickly. Ethereum realizes that there is now a competitor who could take its place if it didn't lower these transaction fees.

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elbans89 · « **Reply #46 on:** June 01, 2021, 04:39:37 PM »

Quote from: Vx1 on June 01, 2021, 04:00:57 PM

Quote from: Sumaiya2 on May 09, 2021, 05:23:49 PM
The cost of gas fees may not be the same as it was in the past. Transaction fees are much lower than in the past. So now everyone can transfer tokens. No problem. Before, gas fee was the biggest problem. But now the problem has been solved due to the low amount of gas fee.
You are right, currently Ethereum Gas costs are getting cheaper. So we can trade happily. But remember every time we want to make a transaction, make sure you check it first, because the cost of Gas Eth can go up quickly. Ethereum realizes that there is now a competitor who could take its place if it didn't lower these transaction fees.

Well, we should check at gas track on Etherscan.io
If you want do transaction.
We know, gas fee is cheaper now, but market is still struggling.
As trader, I still wait to do transaction.
Because I see market doesn't settle yet.
Maybe at the next week, I will do trading again.

vegasus · « **Reply #47 on:** June 01, 2021, 11:51:30 PM »

Several weeks or months ago, the fee gas of Etheruem tokens was damn so high.
But now, the gas is likely normal again. The fee has dropped so significantly during this crashed market.
Let's see the picture below that shows that Eth is very friendly right now and hopefully many more chances to be normal gas fee again

Dark Knight · « **Reply #48 on:** June 02, 2021, 09:35:13 AM »

But now the amount of transaction fee for Ethereum platform is very low.Everyone had to deal with a lot of problems to increase the amount of Ethereum's transaction fees.But now that the problem has been resolved, the transaction fee for the Ethereum platform is normal.I wanted to trade in cryptocurrency but it didn't work out for the extra transaction fee.

tonymillions84 · « **Reply #49 on:** June 02, 2021, 10:17:50 AM »

the ethereum gas fees has been there for long and many defi platform has been cashing in. the upcoming ethereum EIP will solve this problem and hoping trading in the ethereum blockchain will be balanced. people worried so much and this was the major reason for many L2 projects like matic and binance coming out to solve the problem of gas fees.

H2O · « **Reply #50 on:** June 02, 2021, 04:53:37 PM »

If you have transacted Ethereum dependent coins today or tomorrow, you will easily understand that Ethereum Gas Fee is much less than before. I believe this is one of the most important issues for Etherium. In this way, all the lost investors and traders are liking again Ethereum based network.