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Author Topic: ERC20 Network Fees is down  (Read 15409 times)

Offline Believer

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Re: ERC20 Network Fees is down
« Reply #30 on: May 02, 2021, 01:36:34 AM »
Yes mate Currently the ERC-20 platform's network free has been greatly reduced. Transaction free now takes much less than before.However, the popularity of the Etherium platform is already growing. However, the rate at which the network of Etherium platforms grew free a few days ago, and if it remained like this for a while, Etherium 'platforms would lose popularity.

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Re: ERC20 Network Fees is down
« Reply #30 on: May 02, 2021, 01:36:34 AM »

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Re: ERC20 Network Fees is down
« Reply #31 on: May 03, 2021, 12:48:24 PM »
At present, Etherium's gas fees have come down a lot. That is why the price of Etherium has changed drastically. In just a few days, the Ethereum price has risen from $2k to above $3k. Investors are again inclined to invest in Ethereum as Ethereum's transaction fees fall. Maybe within this month the Ethereum price will reach $5k.
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Re: ERC20 Network Fees is down
« Reply #32 on: May 03, 2021, 02:38:55 PM »
At present, Etherium's gas fees have come down a lot. That is why the price of Etherium has changed drastically. In just a few days, the Ethereum price has risen from $2k to above $3k. Investors are again inclined to invest in Ethereum as Ethereum's transaction fees fall. Maybe within this month the Ethereum price will reach $5k.
Of course, I doubt that this month we can expect such a high indicator, but after July, because everyone is waiting for this event, within 3 months it is quite possible to reach 5.000.

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Re: ERC20 Network Fees is down
« Reply #33 on: May 03, 2021, 03:06:20 PM »
This is good news for us. Because gas is All investors have had to face many problems due to high fees.Especially for those of us who are bounty hunters who have had the most difficulty reading. But now that gas free has moved to its previous position, this is good news for us.It is easier for us to transact when the gas fee is reduced.

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Re: ERC20 Network Fees is down
« Reply #34 on: May 03, 2021, 04:31:43 PM »
In my opinion, if you want to transact using etherum, you have to check the price of gas frequently, because every second, what hour, the price of gas changes depending on the number of transactions using etherum, that's in my opinion.
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Re: ERC20 Network Fees is down
« Reply #35 on: May 03, 2021, 05:24:45 PM »
Currently cryptocurrency etherium gas fees cost much less.  It is conceivable that a few days ago there was a gas fee for which no token could be transferred to the cryptocurrency.  So now the gas is back to normal.  Gas fees are likely to be much lower in the future.

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Re: ERC20 Network Fees is down
« Reply #36 on: May 03, 2021, 05:32:33 PM »
Ethereum platform  is one of the most popular  platform in the crypto world. For it’s high gas fees, every investor and holder left from this platform. But now Ethereum's gas fees is very cheaper than before. That's why everybody comes in this network again and invest in it.                         

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Re: ERC20 Network Fees is down
« Reply #36 on: May 03, 2021, 05:32:33 PM »


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Re: ERC20 Network Fees is down
« Reply #37 on: May 03, 2021, 07:33:17 PM »
I think it is very good news to all of us that ethereum's gas fees is very cheaper at this moment. For high rate of ethereum transaction, everybody faces manh problem. But now every investor and holder will worked here very easily and comfortably. It's very positive thinks for all of us.               
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Re: ERC20 Network Fees is down
« Reply #38 on: May 03, 2021, 08:16:58 PM »
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, I see. I think It is good for us when  the ERC20 network fees is  down, we can do transaction again. Because Several months is very expensive. I hope It will have good effect for crypto currency market.
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Re: ERC20 Network Fees is down
« Reply #39 on: May 03, 2021, 08:26:35 PM »
I dont fees will down it will go more then to day in future fees will be 300 to 500$ per transaction because price of ethereum is going up and up it will touch 5k soon fees will be to much then to days hope so in 2022 it will be down I think so we should wait for it may be good news come in future.
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Offline bayiajaib

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Re: ERC20 Network Fees is down
« Reply #40 on: May 04, 2021, 07:10:45 PM »
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 I see ERC20 gas fee is going down. But For now , gas fee is increasing again.
I think Ethereum team should have good solution because almost all projects used ERC20 platform.
Currently, I see gas fee transfer for around 27 USD , It is so high mate.
I just waiting again , then do transaction again . It is annoying for bounty hunter to sell their tokens.

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Re: ERC20 Network Fees is down
« Reply #41 on: May 04, 2021, 07:52:07 PM »
This is great news for Ethereum platform users. Gradually ethereum gas fees fell little by little. Hopefully ethereum gas fees drop even further, because currently ethereum gas fees are still much higher than other blockchain platforms. If the decline in gas fees continues, I believe the Ethereum blockchain platform is still the most popular and will not lose its users.
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Re: ERC20 Network Fees is down
« Reply #42 on: May 04, 2021, 08:32:32 PM »
I think the launching of new projects (I think most of them are projects like the safemoons and related platforms) from ethereum to bsc helps a lot. And it helps a lot to the decreased of gas. Unfortunately for bsc, a lot of rug pull projects migrated on their chain too.
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Re: ERC20 Network Fees is down
« Reply #43 on: May 04, 2021, 09:05:26 PM »
The amount of gas fee that is charged for transferring tokens to Etherium Coin is not the same as the current gas fee.  I am now back to its normal level due to which cryptocurrency is now trading much better.  Therefore, due to the high gas fees, there were many problems.  But now the network fee exam is less expensive due to which the benefits are much higher now.

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Re: ERC20 Network Fees is down
« Reply #44 on: May 06, 2021, 04:42:56 AM »
At the beginning of May in 2021, the transaction fee from Ethereum has decreased slowly to 24 gwei, if I'm not mistaken because I've seen it on the Etherescan Gas Tracker, unfortunately I didn't make the screenshot.
With this reduction in transaction fees, I make sure this shows that this Ethereum transaction is decreasing, because logically the more Ethereum transactions, the more expensive the transaction fees that must be paid. Correct me if i'm wrong .
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