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Author Topic: ERC20 Network Fees is down  (Read 15411 times)

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Re: ERC20 Network Fees is down
« Reply #120 on: June 08, 2021, 11:46:49 AM »
Currently the biggest problem in the cryptocurrency market is the high transaction fees on the Etherium platform.  On the one hand the price of all coins in the market is Decrease and on the other hand high gas fees have become a big problem for us.  However, the current reduction in gas fees is not enough, because at present there is not much payment from the projects that are available at 15 to 30 dollars is much less.  Which in no way can be sold due to excess gas in the market.  We all want the gas fee to come down as before.

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Re: ERC20 Network Fees is down
« Reply #120 on: June 08, 2021, 11:46:49 AM »

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Re: ERC20 Network Fees is down
« Reply #121 on: June 23, 2021, 11:06:31 AM »
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?

Yes, ERC20 fee is going down, because Ethereum price is down.
At last month we all see ERC20 fee is so high, several projects have migrated to BSC.
And for now, I see there are several new ERC20 projects. Hopefully they will success.
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Re: ERC20 Network Fees is down
« Reply #122 on: June 23, 2021, 11:18:25 AM »
Yes, ERC20 fee is going down, because Ethereum price is down.
At last month we all see ERC20 fee is so high, several projects have migrated to BSC.
And for now, I see there are several new ERC20 projects. Hopefully they will success.

The price of transaction fees has not gone down because the economic value of Ethereum has gone down. The price of transaction fees has dropped because the number of daily transactions on the Ethereum chain is much lower. What determines the cost of transaction fees is the number of transactions, so they will be much more expensive the more the chain is used.
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Re: ERC20 Network Fees is down
« Reply #123 on: June 23, 2021, 04:59:05 PM »
Expect that the Ethereum transaction fees might be much lower now due to continue price falls in the crypto market. We should be ready for this dip as this might be the start of the bearish trend, but hopefully, this is just another correction.

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Re: ERC20 Network Fees is down
« Reply #124 on: June 25, 2021, 10:26:45 PM »
I agree with this ERC20 Network fees is down because it will depend the volume prices of stock exchanges which is the all coins will be marked as red flag and not necessarily it will continued to fees down maybe the other day or next day it will rise a higher fees in the market.
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Re: ERC20 Network Fees is down
« Reply #125 on: June 26, 2021, 01:53:06 PM »
We all happy with this situation but also afraid because many good project can"t continue blocking by fees. I think eth should more creative to solve problem and execute fast if can do it more investor will come. Get out fast from bitcoin shadow is the point so we have alternative, not wait and watch our asset gonne.

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Re: ERC20 Network Fees is down
« Reply #126 on: July 07, 2021, 10:49:12 AM »
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?

it has been caused Ethereum price is going down.
I think It's just temporary.
When Ethereum price goes up,, gas fee will go up too.
I hope Ethereum team has good solution for this problem.

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Re: ERC20 Network Fees is down
« Reply #126 on: July 07, 2021, 10:49:12 AM »


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Re: ERC20 Network Fees is down
« Reply #127 on: July 09, 2021, 07:58:43 PM »
I have also noticed that the gas fees of the Etherium network have been reduced a lot. I think now again everyone will gradually start using Ethereum network because it is the most popular blockchain crypto platform and this is what everyone is used to. I think the price of etherium is likely to pump up a lot now.
Yes, you are right; Currently Ethereum network gas fees are much lower than a few days ago. However, the previous situation has not come yet. The price of transaction fees has come down as the number of daily transactions on the Etherium platform is much lower; Because the transaction fee depends on the number of transactions. So in the future, if the use pressure on the Ethereum platform increases, it will be more expensive.
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Re: ERC20 Network Fees is down
« Reply #128 on: July 25, 2021, 05:28:12 PM »
I have also noticed that the gas fees of the Etherium network have been reduced a lot. I think now again everyone will gradually start using Ethereum network because it is the most popular blockchain crypto platform and this is what everyone is used to. I think the price of etherium is likely to pump up a lot now.
Yes, you are right; Currently Ethereum network gas fees are much lower than a few days ago. However, the previous situation has not come yet. The price of transaction fees has come down as the number of daily transactions on the Etherium platform is much lower; Because the transaction fee depends on the number of transactions. So in the future, if the use pressure on the Ethereum platform increases, it will be more expensive.
indeed, it is not fully able to change quickly but gradually there will be changes when eth 2.0 has started to be used, because after all the issue of cost is very crucial and very disturbing so far and has become a conversation. It is true that at this time there has been a slight decrease because the traffic is not large and the gas costs are starting to decrease somewhat. but all clearly want a significant change and not when the traffic starts to grow will come back again at high costs. hopefully eth 2.0 can solve all the problems that occur so that it doesn't drag on and there will be many other platforms that arise ready to look for opportunities as well.
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Offline Alter

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Re: ERC20 Network Fees is down
« Reply #129 on: September 08, 2021, 11:59:27 PM »
Lately, ETH gas fee is increasing rapidly, I don't know what's happening. If you check it on Etherscan, the gas fee is more than 100 Gwei. Even worse, the gas fee was more than 200 Gwei today. I think it is a big problem that Ethereum users always got. Vitalik must fix it if he doesn't want people moving to another chain/network.

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Offline Freemind

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Re: ERC20 Network Fees is down
« Reply #130 on: September 09, 2021, 07:01:21 PM »
Lately, ETH gas fee is increasing rapidly, I don't know what's happening. If you check it on Etherscan, the gas fee is more than 100 Gwei. Even worse, the gas fee was more than 200 Gwei today. I think it is a big problem that Ethereum users always got. Vitalik must fix it if he doesn't want people moving to another chain/network.

As the value of Ethereum continues to rise and demand continues, transaction fees will continue to rise. "London" has not been what the community expected, at the moment there is no solution. Using other chains is the best thing to do right now if possible. If everything remains the same, more people will stop using the Ethereum chain and will look for cheaper alternatives to move their funds.
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Online yohananaomi

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Re: ERC20 Network Fees is down
« Reply #131 on: September 13, 2021, 02:06:59 PM »
Lately, ETH gas fee is increasing rapidly, I don't know what's happening. If you check it on Etherscan, the gas fee is more than 100 Gwei. Even worse, the gas fee was more than 200 Gwei today. I think it is a big problem that Ethereum users always got. Vitalik must fix it if he doesn't want people moving to another chain/network.

As the value of Ethereum continues to rise and demand continues, transaction fees will continue to rise. "London" has not been what the community expected, at the moment there is no solution. Using other chains is the best thing to do right now if possible. If everything remains the same, more people will stop using the Ethereum chain and will look for cheaper alternatives to move their funds.
If ethereum is not wise and continues to charge high fees, then something that is feared can happen because there are already many other platforms that are cheaper and the speed is also good. It seems that currently many projects have done it to avoid using erc20, of course this is a sign that someone wants to find another alternative that is just as good. but I'm pretty sure that ethereum already knows that and is trying to keep improving.

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Re: ERC20 Network Fees is down
« Reply #132 on: October 14, 2021, 02:38:04 PM »
At present, etherium gas free has not been reduced but has been increased to a greater extent than before.  I think Ethereum should be reduced to gas free as Ethereum platforms are currently gaining popularity across cryptocurrencies. But if it is not possible to reduce gas free, the popularity of the etherium platform will decline.
Mahindra

Offline Kangaro45

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Re: ERC20 Network Fees is down
« Reply #133 on: October 14, 2021, 04:52:15 PM »
A few weeks ago the etherium gas fee was slightly reduced.  But now Ethereum gas fees have disappointed everyone.  Because the gas fee has increased so much that it costs more than my total amount to sell a shop. Therefore, transactions on this platform have almost stopped.  Soon Ethereum platform users hope to bring gas fees on the platform to everyone.  Otherwise, investors will rush to other platforms.

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Re: ERC20 Network Fees is down
« Reply #134 on: October 15, 2021, 05:12:27 PM »
ethereum transaction fees may be cheap but it's only for a moment, because I see the fees have started to become expensive again, as long as the ethereum network transactions are dense it can make transaction fees expensive too, so you have to be careful when trading on the ERC20 network.

 

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