Gas fee on ethereum

[legend45]

That's right, by using the Solana network or using the BSC network, we can carry out token trading transactions at lower costs than Ethereum. We just need to wait for Ethereum to get out of its comfort zone and start improving itself so that it still has fans.

I think we have waited too long, the problem of high gas fees of ethereum has been going on for a long time and the ethereum team does not have a solution for this problem. We can only switch to other networks like Solana, BSC, TRON etc.

[armanda90]

I think we have waited too long, the problem of high gas fees of ethereum has been going on for a long time and the ethereum team does not have a solution for this problem. We can only switch to other networks like Solana, BSC, TRON etc.

Currently, ethereum gas still applies on a non-permanent basis, sometimes it is expensive but often enough to pay a fee of around 1$ when sending coins or claiming coins with the ETH network.
Yesterday, I spent around $1,2 for claiming reward from Meson coins with ERC20 network and taking around under $1 for sending that coins to exchange wallet. I think its more lower gas fees of Ethereum with usually taking more than $10 for claiming coins and around $3 to $6 for sending coins. Have been last several days gas fees around 6 GWEI and its good chance for any one has ERC20 coins sending to market by spending lower fees transaction.

[Daiana]

I think we have waited too long, the problem of high gas fees of ethereum has been going on for a long time and the ethereum team does not have a solution for this problem. We can only switch to other networks like Solana, BSC, TRON etc.

Currently, ethereum gas still applies on a non-permanent basis, sometimes it is expensive but often enough to pay a fee of around 1$ when sending coins or claiming coins with the ETH network.
Yesterday, I spent around $1,2 for claiming reward from Meson coins with ERC20 network and taking around under $1 for sending that coins to exchange wallet. I think its more lower gas fees of Ethereum with usually taking more than $10 for claiming coins and around $3 to $6 for sending coins. Have been last several days gas fees around 6 GWEI and its good chance for any one has ERC20 coins sending to market by spending lower fees transaction.

Yes the fees have been very low lately!

[NikeFit_7777]

On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei - the last time such values were seen in January 2020. After the launch of the Dencun hardfork, the network continues to be inflationary. Over the past 24 hours, 716 ETH has been burned and 2,526 ETH has been issued. The coin's exchange rate is showing weakness, trading at $2900.

[Daiana]

On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei - the last time such values were seen in January 2020. After the launch of the Dencun hardfork, the network continues to be inflationary. Over the past 24 hours, 716 ETH has been burned and 2,526 ETH has been issued. The coin's exchange rate is showing weakness, trading at $2900.

Wow that is low, I wish I had waited with my transactions.. Interesting to see what's going to happen in the future!!

[akeemqaz]

Seems people are getting to use more Layer2 networks and other blockchain like Solana and TON more these days and these has reduce both congestions and gas fee on Ethereum network. Another memecoin $Notcoin, trending on twitter and currently on Bitget pre-market is on TON network. This has called people's attention to other networks. Also, memecoins on base network and SOL are trending more than ETH networks memecoins.

[EthereumDev_]

On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei - the last time such values were seen in January 2020. After the launch of the Dencun hardfork, the network continues to be inflationary. Over the past 24 hours, 716 ETH has been burned and 2,526 ETH has been issued. The coin's exchange rate is showing weakness, trading at $2900.

From this data we can also see that in the following year Ethereum costs increased again. Perhaps this was the influence of the price increase or the bull run season that occurred that year. Hopefully next year the bullrun will happen again and make many altcoins increase their prices.

[kulkhan]

On May 11, gas fees on the Ethereum blockchain dropped to 6 Gwei - the last time such values were seen in January 2020. After the launch of the Dencun hardfork, the network continues to be inflationary. Over the past 24 hours, 716 ETH has been burned and 2,526 ETH has been issued. The coin's exchange rate is showing weakness, trading at $2900.

Wow that is low, I wish I had waited with my transactions.. Interesting to see what's going to happen in the future!!

Yes you saw Ethereum gas fee are very low that's true but Again gas fee increased. Ethereum and ethereum network was veey popular but gradually they are losting popularity due to high transection fee.

So thats place replaced by BSC, trc. etc network. I think Ethereum team if unable to fix gas fee problem then Ethereum will be unpopular.

[NikeFit_7777]

Wow that is low, I wish I had waited with my transactions.. Interesting to see what's going to happen in the future!!
Yes you saw Ethereum gas fee are very low that's true but Again gas fee increased. Ethereum and ethereum network was veey popular but gradually they are losting popularity due to high transection fee.

So thats place replaced by BSC, trc. etc network. I think Ethereum team if unable to fix gas fee problem then Ethereum will be unpopular.

As soon as ETH starts to be (maximally) in demand = instant gas rises. This is quite normal, it's not the first time I've observed this phenomenon. If there is a demand for translations - it is better to do them immediately. Rather than then waiting for the transfer price to drop, etc.

P.S. These are just my thoughts out loud, how you do things is up to you. But I think the essence of my words is perfectly clear. 

[joniboini]

I think Ethereum team if unable to fix gas fee problem then Ethereum will be unpopular.

I think it will take more than just expensive fees to kill Ethereum nowadays, especially with how abundant layer-2 projects are. I can see the mainchain transactions happening on Ethereum, then the rest happened on layer 2 or something. Compared to other blockchains, Ethereum is still one of the most secure and reliable if you compare it to something like Solana which gets an outage once in a year or so. I believe making smart contract calls cheaper is still a good idea though.

[NotATether]

I was about to do a transaction and the gas fee was very high! Any advice on how to get the lowest gas fees? I have looked at the heatmap, and I can see that at certain times and days, it's a bit lower. Any advice for a newbie? 

Thanks!!

Use another coin that's not Ethereum. That's how you solve the problem.

Ethereum gas fees make the spikes caused by Bitcoin ordinals and BRC-20 to be marginal, by comparison.

You can use Polygon for example, it has very low fees and fast confirmation times, if you are stuck with using web3 services and cannot use Bitcoin (which I would've advised you do use otherwise).

[legend45]

I think Ethereum team if unable to fix gas fee problem then Ethereum will be unpopular.

I think it will take more than just expensive fees to kill Ethereum nowadays, especially with how abundant layer-2 projects are. I can see the mainchain transactions happening on Ethereum, then the rest happened on layer 2 or something. Compared to other blockchains, Ethereum is still one of the most secure and reliable if you compare it to something like Solana which gets an outage once in a year or so. I believe making smart contract calls cheaper is still a good idea though.

You are safe, for now ethereum is a safe network. Unfortunately the gas fee is too high. Compared to Solana, which was shut down due to high traffic, Ethereum is safer. but I think the Solana team will also make improvements to the project so that it can compete with ethereum

[dekafee79]

I think Ethereum team if unable to fix gas fee problem then Ethereum will be unpopular.

I think it will take more than just expensive fees to kill Ethereum nowadays, especially with how abundant layer-2 projects are. I can see the mainchain transactions happening on Ethereum, then the rest happened on layer 2 or something. Compared to other blockchains, Ethereum is still one of the most secure and reliable if you compare it to something like Solana which gets an outage once in a year or so. I believe making smart contract calls cheaper is still a good idea though.

You are safe, for now ethereum is a safe network. Unfortunately the gas fee is too high. Compared to Solana, which was shut down due to high traffic, Ethereum is safer. but I think the Solana team will also make improvements to the project so that it can compete with ethereum

You are right that Ethereum gas fees are very high, even though the Ethereum network is very safe, users will switch to networks with cheaper gas fees.  We all know that many have switched to Binance smart chain, Solana, Tron etc.  Maybe Solana and BNB will compete fiercely in the future to beat ethereum if the ethereum team doesn't immediately fix the problem, high gas fees

[bitbit97]

You are right that Ethereum gas fees are very high, even though the Ethereum network is very safe, users will switch to networks with cheaper gas fees.  We all know that many have switched to Binance smart chain, Solana, Tron etc.  Maybe Solana and BNB will compete fiercely in the future to beat ethereum if the ethereum team doesn't immediately fix the problem, high gas fees

This is today. Bitcoin and Ethereum networks. Do you really think that the fees are "very high" as you say?. Compared to BSC, Solana or Tron, fees are high. But they arent as high as used to be. But, if you want to compare transaction cost in Ethereum with BNB, it would correct to compare if both altcoins have same cost. BNB cost 6 times less than ETH. Decrease ETH transaction cost 6 times and compare it with transaction in BSC network. That would be fair. Otherwise your comparison sounds like "maintenance cost of Porsche 911 is higher than maintenance cost of VW Polo". It is wrong to compare things that have different value or cost.

[vegasus]

This is today. Bitcoin and Ethereum networks. Do you really think that the fees are "very high" as you say?. Compared to BSC, Solana or Tron, fees are high. But they arent as high as used to be. But, if you want to compare transaction cost in Ethereum with BNB, it would correct to compare if both altcoins have same cost. BNB cost 6 times less than ETH. Decrease ETH transaction cost 6 times and compare it with transaction in BSC network. That would be fair. Otherwise your comparison sounds like "maintenance cost of Porsche 911 is higher than maintenance cost of VW Polo". It is wrong to compare things that have different value or cost.

Ethereum network fees always go up and down, depending on how crowded the network is too. However, in fact, at this time, Ethereum's fees are quite competitive with BSC and others. However, when the market started to rise, Ethereum fees also followed, and increased even more. Indeed, currently the fees are still reasonable, not yet high enough. It's just that compared to several months ago, sometimes ETH fees are only around 10 or even smaller.

but actually what will happen is the bullshit era of the next era. I remember during the bullish season last season where the Ethereum network fees were really crazy, hundreds of devices made it seem like it would be better for us to fail than to have to pay such a large fee, because the profits weren't there, there wasn't enough room to pay the fees.

Hopefully, with the better Ethereum network, future gwei fees won't be as extreme as last season when they increased. Yes, at least it is still natural that Ethereum network users are still quite loyal.