Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: H2O on January 11, 2021, 02:34:49 AM
-
Stuck on Uniswap: Average Ethereum Transaction Fees Spike Above $10
According to data from the monitoring resource Ycharts, the average fees on the Ethereum network have surged recently to above $10. This development came following months in which the gas paid sat below $5.
Read (https://cryptonews.net/445705/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
Nevertheless, exceeding $10 means that the average fees have increased to their highest levels since September 2020.
-
I think pricing gas using fiat value isn't fair. A $10 value could be just under $1 when ETH is trading at $100 but it's the same if you look at it in GWEI. Gas is behaving pretty much the same since Uniswap's introduction. Another factor that makes interaction with edecentralized applications is the fees like slippage.
-
Two days ago just one approvment cost 10 $ ,the fees are kiling the volume on Uniswap.
-
Unaswap has now become a popular dex. Is constantly gaining popularity. So volume is in control. Popular has become a dex.
-
I think pricing gas using fiat value isn't fair. A $10 value could be just under $1 when ETH is trading at $100 but it's the same if you look at it in GWEI. Gas is behaving pretty much the same since Uniswap's introduction. Another factor that makes interaction with edecentralized applications is the fees like slippage.
I think you are right but cannot totally agree with you. Because the GWEI also incresed because Ethereum is becoming very popular. But as the price of ETH increasing it is making the case worse. For new and small users it is now very hard for them to do any transaction on ETH