Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hanako on August 12, 2020, 11:55:47 AM

Title: Is the increase in transaction fees due to Uniswap?
Post by: Hanako on August 12, 2020, 11:55:47 AM
With the listing quite simple, a lot of imposters forged the coin and profited from it. This is why the ETH network is frequently congested due to the spike in the number of transactions every day.
Your opinion?
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: MrSpasybo on August 12, 2020, 12:06:26 PM
Do you mean, those who want to profit from transaction costs deliberately forged many tokens on Uniswap, intentionally increasing the transaction volume in order to increase transaction costs in the Ethereum network? I think if those miners/forgers have enough potential, they can wave the market for a real coin/token like DeFi tokens to make a profit instead of wanting a small amount of transaction costs.
The existence of fake tokens on Uniswap is real since this is DEX, but I don't think it has as much impact on transaction cost price as the DeFi wave.
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: wawan96 on August 12, 2020, 02:37:06 PM
network ethereum lately completely full transactions so dense I see gas is really expensive to the current price of gas reached 211 gwei to delivery quickly something like this is quite favorable for the miners to them the bounty hunter or the buyer tokens is very detrimental to many projects that scam that uses ethereum blockchain network that makes the gas increase.
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: juv3ntus1 on August 12, 2020, 02:42:14 PM
Yes right now is around 10$ for slow tranzaction,to expensive ,probably the eth miners are happy now are making a lot of money.
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: Debasco on August 12, 2020, 02:46:59 PM
though will not say yes or No. but what i see is that uniswap is also part of it but not only uniwsap, because people are investing in ETH due to the believe that have in it, which make it it demand to rise and later lead to increase in it value. so from my view
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: Gwatan on August 12, 2020, 03:10:22 PM

I think the same way you do, but let's not forget that more and more people are participating in electronic convenience, causing the demand for transactions to soar. I am a bounty hunter. This fee is higher than my reward. :-\ :-\
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: Naimah on August 12, 2020, 03:21:45 PM
Of course not because Uniswap is a protocol that works on Ethereum for the exchange of tokens. Unlike most exchanges that are created and will charge transaction fees, Uniswap works for a community purpose, a tool for the community to trade tokens without having to pay platform fees or middlemen.
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: CharlieKyle on August 12, 2020, 03:23:18 PM
Uniswap works for community purposes, is a tool for the community to trade tokens without having to pay platform fees or middlemen. so it reduces transaction fees, not increases
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: JacobJacob on August 12, 2020, 03:26:01 PM
Uniswap works for community purposes, is a tool for the community to trade tokens without having to pay platform fees or middlemen. so it reduces transaction fees, not increases
though saying Uniswap is a tool for the community to trade tokens without paying platform fees or middlemen. But we cannot be sure that it is not the cause of the rising transaction fees
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: ThomaJoe on August 12, 2020, 04:47:04 PM
Any ERC20 token can be listed on Uniswap without permission. Each token only needs a smart contract and its own liquidity pool. Therefore, there are a lot of scammers currently generating junk tokens and when you encounter fake Uniswap you will be charged.
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: Keelin on August 12, 2020, 04:50:12 PM
Uniswap is a protocol that works on Ethereum for token swaps. it enables token transactions without paying platform fees or middlemen. Therefore, the increase in transaction fees is not due to Uniswap
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: MasonRobert on August 12, 2020, 04:52:13 PM
When trading on Uniswap, you can use the Trust Wallet wallet, access the Dapp section and enter the website's website address as uniswap.exchange. Then swap ETH to the desired token and vice versa. I think this process has increased your transaction fees
Title: Re: Is the increase in transaction fees due to Uniswap?
Post by: Amaya on August 12, 2020, 05:20:37 PM
I have been trading on Uniswap recently. The fee is too high up to 5 $. I lost more than $ 20 but can't make 1 transaction. The number of transactions per day on Uniswap is really huge. This may be one reason the transaction fee has increased by nearly 5 times compared to the previous time