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Author Topic: The popularity of ether is declining due to extra gas fees & poor transactions?  (Read 7619 times)

Offline Zero0

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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?

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Offline vegasus

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Maybe there is a decline in ETH popularity but not so significant. I think most crypto users still trust Ethereum. Moreover, we can see that the gas fees decreasing currently. Ethereum is the best altcoin ever, people already feel comfortable using Ethereum. They must realize that Ethereum is hard to overtake bay other altcoins, including Binance coin. So, in my opinion, the popularity of Ethereum is still in a good shape.


Offline sampoerna

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Yeah, it may be declined so e easily and we may w popularity casualty and also the Ethereum platform promise to get some STC, and also other altcoins will also together about this. We can wait for the next altcoin season and also the use of altcoin based on the decreased price of Value 40k$ to be more than $20k

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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 think I agree with, by seeing the popularity of binance is increasing day by day now, I think Ethereum popularity starting to decline, because high gas fee.
There are several alternate smart contract platform like TRC20 waves and BSC.
BSC is so popular now and I think will be the next Ethereum.
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Offline Rockalo

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Ethereum gas fee varies from day to day. At present gas fee is much lower. Again it suddenly increased. However, when ETH gas fee drops, the amount of transactions of the users increases. However, the transaction fee is much lower on other platforms. For example, the transaction fee is much lower on Tron and bsc platforms. All in all, the amount of transactions on the eth platform is normal.

Offline bitbit97

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Dont see Ethereum popularity decrease. According to coinmarketcap or coingecko its dominance only increases.
Right now an Ethereum transaction cost less than $1.5 which I find everyone could afford. It is silly to expect low transaction fees when the expecting price of Ethereum only to grow
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Offline Coin63@

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At present, etherium gas is much less than before.  Even a few days ago there was a lot of etherium gas which made it very difficult to transfer our tokens.  Due to the excess gas, many investor traders left the Ethereum platform and turned to other platforms.

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Offline sneakyboi

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Right now, Ethereum has a good gas fees right now. 50 gwei is about $1+ and 70+ gwei is about $2+ and it is quite great for the market right now. There's no congestion in the traffic so i think Ethereum isnt declining in popularity.
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Yes this is really affecting eth popularity, although sometimes the transaction fees fluctuate, like today the fee was low because I send some erc20 to exchange and the transaction fee today was low $3 fee was charged to send the tokens,  but ethereum dev still needs to find a lasting solution.

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Ethereum's additional transaction fees had a detrimental effect on Ethereum Price. Now the Ethereum transaction fee has come down drastically which is why the Ethereum price has gone up so much. But when the Ethereum transaction fee was high, there was a lot of problem in selling the tokens because the transaction fee was more than the amount of dollars that could be sold. But now all the problems have been solved to reduce the Ethereum transaction fee.
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  ..IDO WITH UNICRYPT..

Offline Tubelight

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I used to see people using the Ethereum platform as one of the means of their transactions. But now his opposite has happened. At present the Ethereum platform avoids the Binance Smart Chain platform coming towards. One of the reasons for this is that I think Ethereum's additional transactions are fee. If the transaction is fee again, people will definitely return to the Ethereum platform.
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Offline Confero

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This is indeed a big problem for Ethereum, high gas prices have often been loved by the Crypto community.  If the problem of expensive Gas Prices continues, it is unlikely that people will slowly abandon Erc-20 based coins and switch to BSC based coins due to the very high difference in transaction prices.

Offline Paglamon

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Ethereum gas fee were much higher when new projects were the most successful in the cryptocurrency market. But now it is much less than before. In 2020, when market conditions improved, ethereum gas fees increased significantly. Currently this platform is suitable for transactions. Its popularity has largely declined due to increased gas fees. Binance smartchain is currently gaining popularity for creating most tokens. But now ethereum's gas fee is a bit lower than before.

Offline trauchot

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I would not say that, since recently the price of Ethereum reached 4300$ and therefore Ethereum is still ahead of the entire Binance Smart Chain, but recently, of course, a lot of cryptocurrency companies began to use the BSC blockchain, and if BSC will not slow down, then in the future, I think Ethereum and BSC will fight for the 1st place among altcoins.
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EGO    ██
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.TOKEN IS WORTH YOUR ATTENTION.







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.      BUY EGO      .

Offline Crypto Banglu

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The Ethereum platform is the most popular platform. There are many blind fans of the Ethereum platform in this crypto universe. Although they use other platforms in times of need due to the rising gas fees of the Etherium network, they love the Etherium network from the bottom of their hearts. People are accustomed to using the Etherium platform. I think, no matter what, the popularity of the Etherium platform will never wane.

 

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