Ethereum gas price ridiculously high

[Tubelight]

Nowadays I am really surprised to see Ethereum's transaction fee. I never imagined that Ethereum's transaction fees could come down so much. There is no doubt that if the Ethereum platform can control their transactions fee then they will gain a lot of popularity.

[Dexzon]

Nowadays I am really surprised to see Ethereum's transaction fee. I never imagined that Ethereum's transaction fees could come down so much. There is no doubt that if the Ethereum platform can control their transactions fee then they will gain a lot of popularity.

Yes, we have seen ethereum gas fees go down when the crypto market situation shows price drops, transaction fees range
between $0.8 to $1.2 and I think investors are starting to hold on to the new tokens that are currently available for them to sell when the price goes up again.
The ethereum network https://etherscan.io/gastracker is starting to show a nice drop and I hope once EIP-1559 is up and running the cost will be even more down.

[Centus]

Yes, at one time ethereum's gas fee was much higher. But at present its gas fee is much less. So ethereum has been able to gain popularity again. Currencies around the world had the potential to improve in many ways. At that time the transactions of coins made on the ethereum platform were much less. This is because ethereum was reducing the popularity of extra gas fee currencies. The transaction was closed for a long time. So now a lot has improved.

[Rifan Khan]

The Ethereum platform is now a problem for you.  You can trade on the Ethereum platform if you want. Gas free is very normal on the platform.

[Acifix]

Yes, at one time Ethereum's gas free was much higher in the cryptocurrency market.  However, at present, Ethereum's gas free has been reduced a lot.  Now Ethereum's gas free is much reduced.

[Review Master]

As market is recovering from correction whoever knows, gas price might increase again as EIP 1559 is still on the way which might happen in July. Till than IDO's hype might fuel up again and gas price will be increased like previous months before happening this correction. Lets just wait and see that it'll increase again with the rebounding of market.

[aiviaa485]

Indeed at that time the price of GAS for Ethereum was very expensive and difficult for our brains to accept but now I see GAS for Ethereum going down.
When I reply to this thread the price of GAS ethereum is around 13 Gwei which is the cheapest and the most expensive is around 16 Gwei.
Maybe in the future GAS for Ethereum can return to the price of 5 Gwei or the highest it is around 7 Gwei. My hope .

[vaysar]

I heard that V. Buterin said that Eth 2.0 will not be implemented until at least the end of 2022. Now the market is not active, the Eth network is not very busy, and therefore such small transaction fees today. But tomorrow everything may change - the activity on the market will intensify and we will again see the horse prices for transfers in the Eth network. Now there will be a war of networks for market dominance, and the one who offers the most favorable terms will win.

[Freemind]

3 days ago I used the Ethereum chain again to send some tokens, the cost per transaction was less than $1, but as @vaysar says, the network can get congested at any time if it is used a lot again. If finally ETH 2.0 does not arrive until the end of 2022, the only solution we have is the hard fork that will be implemented in the chain next month. Soon we will have a definitive solution, a little more patience.

[DAMKAR]

I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.

Wait, I have read Ethereum 2.0 didn't launched completely yet
Maybe after complete, the gas fee problem will be solve
As trader , I also suffer because this problem.
And I believe member here too, as trader, investors and bounty hunter.
They cannot sell their tokens and doing transaction.

[shadowdio]

Until this time we still having a problem of the ethereum gas fee. I really want to move my tokens right now because one of my tokens is pumping but the gas fee is too high for me and I can't afford it. I thought the ethereum 2.0 will fix this problem but it didn't launched completely?, seems there is a hope but anyway I'm still waiting the gas to go down so I can start the transaction before the dump happens.

[kulkhan]

Ethereum gas fee is too much high till now it is very sad news for us. For high gas fees Ethereum's popularly decreasing day by day. People moving with another network such as polygon, Binance smart chain, etc. We though when ETH 2.0 will lunch then gas fee will decrease but till now Ethereum gas fee not decrease. I wish within short time Ethereum gas fee will decrease.

[Chinedu Nwokediba]

Ridiculously high indeed

[Damrai5$]

But when the Etherium price was between $500 and $1000 the transaction fee was much lower.  But whenever Etherium Price starts pumping, the transaction fee has gone up.  But then I saw that everyone said that maybe after a while the transaction fee will go down.  Due to such transaction fees, the amount of investors has decreased a lot.  Now the amount of transaction fees is just increasing.

[sacrotic]

We all have the same problem just wait for the solution ( eth 2.0 ). Many people already use eth not for transaction but for saving so we can say eth grow as financial investment instrument that high level than home from many app for game and entertainment. I think change our strategy is more important because crypto always have problem we only need grow with it.