Ethereum gas price ridiculously high

[alltalk]

I have monitored the current price of Ethereum gas, indeed it increased too much. Not really sure about the reason why it increased so high, but I assume it may be triggered by many people moving their crypto assets. I think this will continue a long time or even it is probably hard to lower again as some parties take advantage of this. Well, maybe Vitalik needs to do something or people who can lower it to plan something.

[Tanimariya]

I can't do the transactions due to increase in ethereum gas fee. Because I always do some small transactions. This small transaction costs a lot. For example, it costs a lot of money to transact in the amount of 10 dollars. As a result, I have suffered. So I have stopped using Ether Wallet at the present time. I started using other wallets. If this continues, the price of ethereum and the number of users will continue to decrease.

[Hometown]

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.

After launching a new version of the Ethereum and DeFi platform, Ethereum gas fees increasing ridiculously high and we can't transfer ERC-20 based assets from mew, trust Wallet, MetaMask to another source or exchanges.

[Bobcrypto]

Honestly, I was astonished to the latest gas fee and I think something should be done to correct this continuous gas increase. I am still wondering the reasons for a sudden increase on Ethereum transactions fees, may be someone should enlighten me because it has become very difficult sending any ERC20 TOKEN from the Ethereum wallet.

[ShadowCrypto]

Insane I have a few tokens worthing less than 10$ and I can send it because the gas fees are really high, the eth 2.0 upgrade should arrive to solve this issue, it's impossible to use eth as a good option high now, fees higher than bitcoin

[trendcoin]

I previously had hopes that gas charges would somehow return to normal. However, if the defi platforms continue at this pace, we may not see affordable gas prices like before. Now, either defi platforms will lose popularity or ethereum 2.0 will come and return gas fees to normal.

Despite all these developments; I can't understand new projects persistently wanting to use ethereum network. There are many networks that work better. It is very pointless to insist on the cumbersome structure of ethereum.

[jet]

today! it's starting to low! I think the high gas fee before was really affected some transaction in the ethereum blockchain. many traders and investors are not moving their token to the ethereum blockchain because of the high gas fee.  after some.pressure on social media platforms ethereum lowered the gas fee by now.

[Octoalts]

The price of GAS keeps changing all the time, nor is the price always high.  The increase in the price of GAS is influenced by the full number of transactions on the Ethereum Blockchain, so that users continue to increase the value of their GAS so that they can more quickly get the tokens they send.  But unfortunately, the high price of GAS has caused many people to be disappointed because they were unable to send their tokens.

[Riya143]

I worked on some projects. But the projects have not paid me yet. Because the team of projects wants to pay me. But ethereum gas is not paying me because of the price. Because it costs a lot of money. Because they need a lot of dollars to send me tokens. So they don't want the dollars to be lost. There are many like me whose tokens are stuck like this. So I think ethereum gas price has become a problem.

[Rakin343]

The biggest tragedy of the present time is the increase in Ethereum transaction fees.  The popularity of this popular coin has started to decline due to the increase in transactions.  People are now moving away from this platform to other platforms.  If this transaction fee is reduced as much as possible then people will be more inclined towards it again.

[Jawahara]

Ethereum Gas Fee has been crazily high within the past couple of weeks, Trust and Metamask wallets been the top platform with high charges.

[Black ID]

Indeed, I heard that the solution to the high gas fee from ethereum 1.0 is the presence of ethereum 2.0, so we need to upgrade immediately. And this news seems to have spread. And hopefully it is true that ethereum 2.0 is a solution. so it will be convenient to go back to using ethereum.

[Coin63@]

Today I tested with a transaction, I have only 45 ARCS in my trust wallet and it price shows with the rate of exchange $9 but I want to transfer it in my kucoin exchange Wallet Address but alas Ethereum gas fees more than my current token value...!!!!! 😭

[Jawahara]

Indeed, I heard that the solution to the high gas fee from ethereum 1.0 is the presence of ethereum 2.0, so we need to upgrade immediately. And this news seems to have spread. And hopefully it is true that ethereum 2.0 is a solution. so it will be convenient to go back to using ethereum.

That has been the info that Ethereum 2.0 would help resolve the situation of high gas fee. I hope Ethereum 2.0 actually live to the expectation been proposed.

[H2O]

Ethereum gas fees are ridiculously expensive than bitcoin and others cryptocurrencies platforms. But many people think if Ethereum 2.0 platform will launch then Ethereum gas fees will be ridiculously decreased.