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Author Topic: The popularity of ether is declining due to extra gas fees & poor transactions?  (Read 7624 times)

Offline satpol_PP

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Not solving the problem of high transaction fees is bad for Ethereum's reputation. Ethereum will continue to be used, of course, but only users with larger amounts of funds will use it, as transaction fees don't matter to them. In fact, if we look at the last 500 tokens added in Coin market Cap or Coingecko we can see that only between 10% and 15% have been created in the Ethereum chain, the rest use cheaper and faster chains.

As the famous people said ethereum just for rich people. Because high transaction fee.
i think etheruem team must have good solution for this problem.
BTW there are several alternate smart contract platform, ethereum will be declined by projects.

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As the famous people said ethereum just for rich people. Because high transaction fee.
i think etheruem team must have good solution for this problem.
BTW there are several alternate smart contract platform, ethereum will be declined by projects.

I'm not sure at this point, and after "London" went live on the Ethereum mainnet, if we can expect a solution. Nothing has been fixed for many months and many people have lost investment opportunities due to these issues, leading me to think that the team will directly await the release of ETH 2.0 to fix the current issues. It may sound strange, but I wouldn't be surprised if they did something like that.
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Offline Alter

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I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
It is true that the popularity of Binance is increasing, but it doesn't mean decreasing the popularity of Ethereum. I am pretty sure if the popularity of Ethereum is always growing well day after day. The issue of expensive gas fees won't ruin the popularity of Ethereum. I guess Vitalik and teams will try to find a way in lowering the gas fees. Just wait for good news related to gas fees from Ethereum.

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Offline masudginanjar

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Still the best for Ethereum even though the price for transaction fees is insane and unreasonable, worthy of this Ethereum transaction fee as a robbery.
I also feel very sorry for the transaction fees from Ethereum but I am also still amazed because Ethereum has full support from all communities so it is still ranked number 2 on Coinmarketcap.
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Still the best for Ethereum even though the price for transaction fees is insane and unreasonable, worthy of this Ethereum transaction fee as a robbery.
I also feel very sorry for the transaction fees from Ethereum but I am also still amazed because Ethereum has full support from all communities so it is still ranked number 2 on Coinmarketcap.

If the current price of transaction fees remains as expensive as it is now for a long time, I am sure it will end up negative for Ethereum. Many teams are "forced" to create bridges to other chains (especially Binance Smart Chain) due to this problem. Remember that after one king comes another, and that Ethereum may cease to be the queen of smart contracts if this problem continues to exist in the near future.
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Offline collinsjie

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

You are correct, If Ethereum continue with this approach and not correct thing Binance will takeover. BSC is becoming so popular on a daily basis. With what I am seeing now, I don't think Ethereum is ready to change anything sooner. I wish them good.
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Offline kulkhan

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    Quick Poster Fourth year Anniversary 1000 Posts
Yes Absolutely Right, Due to high gas fees popularity of Etherium  decreasing day by day. Users are using another networks for etheriums high gass fees. Now a days binance Network being popular. I think Ethereum authority will consider this things and they will take action about gas fee. Then Ethereum will popular again.

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Offline Dreamer

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Of course, Ethereum is a very good coin but they're failing in transactions and gas fees. I can buy a lot of coins by 1 ETH transaction fee which is not good at all! A lot of people are now using BSC and even many projects are deploying their tokens to BSC because of the cheap fees and quick transactions.

Offline DAMKAR

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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?

I agree, Ethereum will be leaved by many investors if their team didn't have good solution for high gas fee and speed transaction.
There are several alternate smart contract platform now.
Investors can use alternate smart contract platform for their new project.
Ethereum will be declined by many people.

Offline Seerge

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I do not agree with such statements, Ethereum Fees are indeed very expensive and it often makes people disappointed. But because Ethereum is a big coin, it doesn't reduce the popularity of Ethereum. Ethereum continues to improve even though it gets a lot of attacks, now there are many new Blockchains with cheaper fees emerging. But even so, Ethereum is still popular and the choice of many people.

Offline Monster5

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Currently most of the Ethereum platforms consume large amounts of gas free which is a problem for most investors. It can be seen that Ethereum transaction is more free than token when extracting a token from Ethereum platform. So I think Etherium platforms are the most popular now and if they continue like this, maybe one day Etherium platforms will lose popularity in the future.

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The Ethereum platform for additional gas fees has been losing some of its popularity for some time now.Now people use Binance platform instead of Ethereum platform because there is much lower network fee.Now, however, the amount of network fees on the Ethereum platform has been reduced, but there are many tokens that cost a lot of network fees to sell.If the solutions to this problem are done, then it is very good.

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    Topic Starter Karma Bad Third year Anniversary
gas costs that occur on ethereum are very difficult to eliminate because it is the influence of the many tokens created from the ERC20 network which makes the ethereum network more and more piled up and has very many queues and makes gas costs always expensive.

Offline Evgenklm

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I do not agree, if the popularity of ETH had declined, then it would not have been on the 2nd place of CMC and would not have been about 4 thousand.$ of course, the gas fee is not commensurably high, but there are a lot of people who are satisfied with it.Over time, the developers will update ETH 2.0 and everything will change.
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Offline damsix

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Who said Ethereum is declining in popularity?
Look at Coinmarketcap and all Ethereum trading that Ethereum has a very large marketcap and is very far from ranking number 3, 4, 5 and so on.

This proof is clear that Ethereum is still the domination for all altcoins and of course I also want to make Ethereum my main asset in the Binance application.

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