Ethereum Gas fees too high !

[admin]

This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei.

We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected !

At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts! 

[Hometown]

Yes admin sir, Ethereum gas fees 5 times than before. Today minimum gas fees amount over $0.50.  If I transfer a minimum amount of assets, minimum gas fees 50 cent huge more. Last transaction I already paid 94 cent which is very much. Please Ethereum authority shout take actions. Please reduce Ethereum gas.

[KryptoBull]

Hard work on DeFi platforms has led to an increase in the number of transactions, resulting in gas or transaction confirmation costs also increasing because of the limited network speed. Hope next month's TestNet of ETH 2.0 will solve this problem, hope Shardings will have the same positive impact as Lightning

[Gubre]

Exactly! I remember, back in the days when I made a transaction that the payments is higher than the amount I sent.    A kind of legal scam. Those were my newbie days.

[themeritedone]

It looks like we are gearing up for a real altseason. The gas fee is almost intolerable . Had to spend 60-70 gwei to push transactions through.

[ttcsalam]

That may be fine for big investors.But I think it has become a kind of oppression for the Hunters.I mean the Hunters.It should be done according to the fee amount.

[hushpupppy]

I feel the same way, for unknown reasons the etherum gas fee is ridiculously high when compared with especially bitcoin; is there any logical reasons or explanation as to why it is so expensive to send out etherum or altcoins on the etherum smart contract ?

[Nostoman]

I also have a complaint about this gas price. I also made 3 big transactions on July 18th. I have seen that the gas price is much higher. But I reduced the gas. It took 2 more days for that transaction to happen. So I have complaints. I was insulted by the transaction. It would be better to reduce the gas. I think gas should be less.

[Zed0X]

is there any logical reasons or explanation as to why it is so expensive to send out etherum or altcoins on the etherum smart contract ?

It's basically down to two things:
1. The number of transactions flooding the network
2. The fee senders are willing to pay for faster confirmation

If there are more people willing to pay higher gwei than you, then expect miners to prioritize those transactions.

[Octoalts]

This has indeed become a complaint by many people, the increase in Gas prices is indeed very high. But what can we do, while we still need it. 
My personal hope is that the price of this gas can go back down sept first!  But is that possible?

[Riya143]

Yes, I have noticed that ETH gas fee has increased. I don't want this gas fee. The previous gas fee was good. A common thing is that if someone does 1$ transaction then 0.90$ gas fee will be charged. Would that be good? I think the gas fee should be based on the amount. But I don't know what the ETH #DevelopmentTeam  thinks. If someone does transaction 100$ transaction, his gas fee will be higher. On the other hand, if someone makes a $5 transaction. Then there should be a difference between these two transactions.

[krypto4uvak]

I think everything will be restored soon. And the gas price will be small.

[Delgboke]

I think The reason why the increase on gas fee on token transactions shows that the crypto currency market is actually growing and possibly because people are making profits thats why they need to increase the transaction fees I believe there's no fix amount on the fee meaning that it may still increase in the future.

[ranaprime]

Day by Day Ethereum gas fee increasing. This gas fee absolutely burden those who are not big investor. It's not the positive sign for Ethereum. I suggest  to Ethereum authority to take action and reduce Ethereum gas.

[trendcoin]

The average gas has exceeded 100 gwei in a period. it is currently around 50 gwei.

https://etherscan.io/gasTracker

average transfer prices also appear to be in a downward trend. Transfer fees exceeding $ 1.88 are currently retreating to $ 1.68.

https://ycharts.com/indicators/ethereum_average_transaction_fee

defi platforms create density on the network. it will slowly return to normal.