Ethereum losing the one important attraction

[SMACK]

You have shared a beautiful and informative post with us. Hopefully many senior and junior members can learn a lot from this valuable post of yours.But what you have discussed is very sad for Etherium. Hope to be able to bring good profit next time.

[legend45]

We are all aware about the tremendous gas fee of Ethereum.

For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.

If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.

Gas fee matter.

You're right, gas fee matter be the reason why Ethereum losing the one important attraction..Several projects have migrated to binance smart chain. I think BSC has good solution for high gas fee of ERC20.

[Trumpet]

We are all aware about the tremendous gas fee of Ethereum.

For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.

If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.

Gas fee matter.

Ethereum gas fees is now a tremendous problem for the crypto users specially small users. In every transaction, you have to pay $20-$100 and if you want to make swap in uniswap and other swaps sometimes, you have to pay more than $120. Can you imagine the fatal impact on the mind of the users?
That's why new projects are coming on BSC and old many project are migrating to BSC for avoiding this issue. YOu will be surprised that two days ago,  Pancakeswap made 2M transactions where whole Ethereum network made only 1.5M transactions in the 24 hours.

While Ethereum's gas-fee has been on the rise for some time, its gas-fee is now largely affordable.In fact, transactions on the Ethereum platform are now much more fee. Hopefully the Ethereum platform will regain the popularity it lost.

[Freemind]

I don't think project teams that have migrated their chain to BSC are going to go back to Ethereum now, it would be a waste of time, resources and credibility. The problem of high transaction fees has played a trick on Ehtereum and I think now it is paying the price. If the cheap rates that we see now are maintained surely some new projects will use the Ethereum chain again. But the truth is that Ethereum has missed big projects.

[DAMKAR]

We are all aware about the tremendous gas fee of Ethereum.

For example: The withdrawal of 24,000 pcs of tokens with equivalent of 25$ and the gas fee to be paid is 30$ is not right.

If the high gas fee of Ethereum won't be solve by the team, I think one day BNB will overtake Eth. Since there are huge users of ERC 20 that are still waiting for the solution and yet it takes so long. There is a tendency that more and more erc 20 users will migrate to BSC.

Gas fee matter.

I saw many people complain about high gas fee of ERC 20 platform. I think I personally as bounty hunter and trading also suffering about this problem..
If you said Ethereum is losing the one important attraction, I think You're right.
But We all see Ethereum price is going strong now, and has touched $ 3,500, Although I see etehreum price is going down again now.
I think Many investors still believed in Ethereum and the team.

[Bony11]

Due to the extra increase in gas free of etherium.  Many users are seen making small transactions on the Etherium platform.  They cost from 30 30 to 40.  As a result they left the Ethereum platform.  BSc is showing more interest in the network.  It looks like the BSC network will soon surpass Etherium.

[sampoerna]

High fees recently become the big matter of the Ethereum platform, that is why many projects change to use BSC platform than ERC20 from Ethereum. The high fees can really influence many things, moreover when the withdrawal fees are increasing or very high only for transfer tokens worth small in USDT. But right now, actually, the fees are lowering. Check them out

[Freemind]

High fees recently become the big matter of the Ethereum platform, that is why many projects change to use BSC platform than ERC20 from Ethereum. The high fees can really influence many things, moreover when the withdrawal fees are increasing or very high only for transfer tokens worth small in USDT. But right now, actually, the fees are lowering. Check them out

The transaction fees have come down quite a bit and are now more or less reasonable, but I don't know if the solution is going to be definitive or is it a simple momentary patch. The Ethereum developers have not announced that the "London" hard fork will be canceled, and that makes me suspect that the current solution may not last long.

[salukhe]

Ethereum gas fees are becoming a big problem day by day.People are not getting good profit for etherium gas fee.Because it turns out that it takes a lot of time to pay a gas fee more than the amount of tokens we get.If the gas fee is more than the token then we are not getting any benefit.People will be able to do better from the day the etherium gas fee is reduced.

[masudginanjar]

It is also very difficult to solve this problem because Ethereum is really very sad when viewed in terms of transaction fees which can make everyone disappointed and reluctant to use Ethereum.
We also can't do much and can only discuss in this forum that the cost of Ethereum is very expensive and we have to stay away from it for a long time because until this moment the cost of Ethereum is very expensive, Oh My God!

[Delgboke]

I think one of the area of concern is the gas fees is too high that's why many actually diverting their attention trying to use any other means to transact or transfer coins and token to other wallet, I think that's why people are changing there mind but I think Ethereum blockchain need to do something about this etherum gas fees because many of us have loosed the token will supposed to receive through etherum Blockchain.

[Carbitcoin]

I think one of the area of concern is the gas fees is too high that's why many actually diverting their attention trying to use any other means to transact or transfer coins and token to other wallet, I think that's why people are changing there mind but I think Ethereum blockchain need to do something about this etherum gas fees because many of us have loosed the token will supposed to receive through etherum Blockchain.

I believe that this issue should be approached irrationally and think about the prospects of the project, and not about high prices for GAZ. of course, it is not profitable for an ordinary user to pay a lot for a transaction if the tokens are shitcoin.

[Confero]

Ethereum will have to make major changes to Gas fees to win more sympathy from the Ethereum community and lovers. The high price of gas really makes us uncomfortable, if there is another way to send tokens at a lower cost, then why use Ethereum which is obviously very expensive.

[Mas Bro]

Yes, now many people move to the BBC network, because the Ethereum gas fees are very high. Sooner or later the BBC will take over the Ethereum network if the problem of high gas fees is not resolved immediately. Now many new projects use the BBC network and many old projects are migrating to the BBC network to avoid the problem of exorbitant gas fees. We used to love and trust Ethereum as the best and most popular blockchain smart contract platform but now it is very disappointing. Hopefully the Ethereum network developers solve this problem soon.

[Papa Bear]

Ethereum gas fee expenses is now a notable hassle for the crypto users mainly small customers. In each transaction, you need to pay $20+ and in case you need to make swap in uniswap and different swaps sometimes, you need to pay extra than $80+. That's why new projects are approaching BSC and antique many challenge are migrating to BSC for heading off this issue. Pancakeswap made 2M transactions some days ago in which entire i think Ethereum made best 1.5M  transactions withinside the 24 hours. Much larger hazard to switch and pay 100$ only for gas fee. That is rediculous. BSC is catching the possibility.