Gas fees

[yohananaomi]

I think this is the lowest fees I saw this year 
I think these fees reflect a lot of the dissatisfaction of ETH users

Just realized that the ETH gas fee is now cheap, imagine if it was really high, maybe many projects would switch to the ETH network.
When the network is congested then the gasfee will increase again so don't be surprised if this reflects the community's dissatisfaction with this coin.

Yes, the lower gas fees are beneficial for ETH ecosystem as transactions becomes cheaper, and those projects which were once cannot afford could utilise the network now. However, if the activity increases, gas fees can rise as well and that has been the trend for as far as I can remember. Nevertheless, it changing and fluctuating fees makes Ethereum very popular among developers and investors given the vast universe that surrounds this crypto. Looking at what is on the development process, there is every reason to believe that the network will continue to transform for the better, making it one of the most trusted networks in the crypto world.

If the gassfee continues to be low as it is now, it is likely that the Ethereum ecosystem will be crowded again because the burden is the expensive fee for one transaction not to mention the approval transaction.
And indeed this is a fluctuation, maybe in the next few days it will still be cheap but see after the next 1 month whether there will be an increase or not?

Avoiding low gas fees, is indeed an obstacle experienced by,, ethereum for a long time and has made improvements, but it has not been able to happen properly and now if, as you say that it can continue to be cheap, then what you said could happen and be crowded again.
But we know that it is indeed difficult to predict because it is inconsistent and when the situation is crowded then it will return again. That is what has been feared all this time. Yes .... we We see the next few months.

[tequilla_sunset]

ETH gas has always been a hot topic until now but if it is dense I think it will increase because of the many requests or withdrawals. The most option is to choose the medium one if you want to send or wd to an account but before that it is better to check first with a tool using a gas estimator to optimize transaction costs.

Or we can just wait until it will not be as congested. After all, that problem boils down for a long time - on the main chains, like BTC too, I mean.

[dekafee79]

Avoiding low gas fees, is indeed an obstacle experienced by,, ethereum for a long time and has made improvements, but it has not been able to happen properly and now if, as you say that it can continue to be cheap, then what you said could happen and be crowded again.
But we know that it is indeed difficult to predict because it is inconsistent and when the situation is crowded then it will return again. That is what has been feared all this time. Yes .... we We see the next few months.

if I observe the gas fee depends on traffic and coin price. and that's a few times I also got caught in high gas fees.
For now solana is a cheap network, making the solana network widely used and in demand by investors.
While ethereum in my opinion, still has a high gas fee

[salad daging]

if I observe the gas fee depends on traffic and coin price. and that's a few times I also got caught in high gas fees.
For now solana is a cheap network, making the solana network widely used and in demand by investors.
While ethereum in my opinion, still has a high gas fee

The trend of solana is now on the rise, so some projects are now on the solana network because it is cheap plus many wallet activities are active compared to ethereum now declining to lose to Solana.
The weakness of solana is that when it is busy, the network often turns off, causing congestion.

[rizqillah]

if I observe the gas fee depends on traffic and coin price. and that's a few times I also got caught in high gas fees.
For now solana is a cheap network, making the solana network widely used and in demand by investors.
While ethereum in my opinion, still has a high gas fee

The trend of solana is now on the rise, so some projects are now on the solana network because it is cheap plus many wallet activities are active compared to ethereum now declining to lose to Solana.
The weakness of solana is that when it is busy, the network often turns off, causing congestion.

It seems that solana dev has fixed the problem because when the traffic is high I don't hear news of solanan network experiencing congestion or downtime.
so I think solanan will compete closely with ethereum in the future, and the possibility of replacing ethereum can happen. because solanan has the potential for that in the future.

[salad daging]

if I observe the gas fee depends on traffic and coin price. and that's a few times I also got caught in high gas fees.
For now solana is a cheap network, making the solana network widely used and in demand by investors.
While ethereum in my opinion, still has a high gas fee

The trend of solana is now on the rise, so some projects are now on the solana network because it is cheap plus many wallet activities are active compared to ethereum now declining to lose to Solana.
The weakness of solana is that when it is busy, the network often turns off, causing congestion.

It seems that solana dev has fixed the problem because when the traffic is high I don't hear news of solanan network experiencing congestion or downtime.
so I think solanan will compete closely with ethereum in the future, and the possibility of replacing ethereum can happen. because solanan has the potential for that in the future.

Yeah currently the Solana Network is better but when there are memecoins that are hype then the network can be jammed fees can be high, as happened with the $TRUMP token the solana network was jammed even though it did not die some communities complained because of the high fees due to this congestion.
The matter of Solana replacing Ethereum is still unclear because until now the MC is still far between SOL and ETH, although in terms of users, there are more active users in Solana.

[doc]

Yeah currently the Solana Network is better but when there are memecoins that are hype then the network can be jammed fees can be high, as happened with the $TRUMP token the solana network was jammed even though it did not die some communities complained because of the high fees due to this congestion.
The matter of Solana replacing Ethereum is still unclear because until now the MC is still far between SOL and ETH, although in terms of users, there are more active users in Solana.

that's true and i agree with you, ethereum is still the second largest after bitcoin and the possibility of solana replacing ethereum is still far away. Maybe in the next few years we can only judge whether solana can replace ethereum or not, because right now it's still too far to compare the two in terms of marketcap.

[philipma1957]

The ticker says Mr v wants to raise the gas limits.

CAN'T  see it as good news for the coin.


https://365crypto.org/blog/2025/02/14/vitalik-buterin-pushes-for-higher-ethereum-gas-limit/

Eth was raised from 30 to 36 million and now Mr v says it is not enough.

I NEVER LIKE back to back changes like this.

It indicates a hidden issue which we do not get to see.

Looks li,e a rocky road ahead for eth.

BTW eth is down over 15% since the musky trumpeter got in.

[vegasus]

I don't know if this is good news or not. But what is clear is, at this time, this is the first time I've seen gas less than 1 gwei, this is the first time. Is it possible that I'm not using this network anymore so I'm behind on updates? hahaha, but this is really impressive, only 0,....... gwei

https://etherscan.io/gastracker

[philipma1957]

I don't know if this is good news or not. But what is clear is, at this time, this is the first time I've seen gas less than 1 gwei, this is the first time. Is it possible that I'm not using this network anymore so I'm behind on updates? hahaha, but this is really impressive, only 0,....... gwei

https://etherscan.io/gastracker

So then why make another change if fees are so good why fix a thing that does not seem broken. It is worrisome I have learned a long time ago if it is not broke do not fix it.

[rdluffy]

Just spent 5 usd on mainnet right now



Less than 1 gwei, but yet expensive 

[Bobcrypto]

Yeah currently the Solana Network is better but when there are memecoins that are hype then the network can be jammed fees can be high, as happened with the $TRUMP token the solana network was jammed even though it did not die some communities complained because of the high fees due to this congestion.
The matter of Solana replacing Ethereum is still unclear because until now the MC is still far between SOL and ETH, although in terms of users, there are more active users in Solana.

that's true and i agree with you, ethereum is still the second largest after bitcoin and the possibility of solana replacing ethereum is still far away. Maybe in the next few years we can only judge whether solana can replace ethereum or not, because right now it's still too far to compare the two in terms of marketcap.

Solana overtaking Etheruem is possible but may take a longer time in near future. Solana team has been making strong effort, including marketing and some crypto "meet up", that has enhanced Sol token skyrocketing at the last few months of the Bitcoin bull run.
However, it is on records that Etheruem was once overtaken by XRP few years ago, and i think that other tokens can likewise top the number two positions at Coinmarketcap ranking.
In a nutshell, the ranking at the Coinmarketcap is not a fixed position, it is still an open position for other projects.

[bitmover]

Actually, if I notice, ETH gas is not too expensive lately compared to before.
Maybe the Ethereum network is not as dense as it used to be, because along with the growth of cryptocurrency until now, many new Blockchains have grown, where they compete to provide the best service to the community including this Gas cost.

Back in 2020, 2019, 2017, etc ethereum was basically free to transfer.

One of the main arguments about how ethereum is better than btc was that it was cheap and fast, scalable,  etc. Time proved they were wrong, and bitcoin is now much more scalable than ethereum (as it can't even handle current traffic with reasonable fees)

[rdluffy]

Back in 2020, 2019, 2017, etc ethereum was basically free to transfer.

One of the main arguments about how ethereum is better than btc was that it was cheap and fast, scalable,  etc. Time proved they were wrong, and bitcoin is now much more scalable than ethereum (as it can't even handle current traffic with reasonable fees)

When I started mining ETH in 2017, payments were made constantly on the ETH network
And it was really cheap

I used several pools, but the main one was ethermine
I continued mining until the end of the ETH POW, and in the final months the fees increased a lot, and the solution was to migrate payments to the Polygon network (which I still use today)

I remember insane days of ETH fees where I would receive the equivalent of 1 week of mining in 1 day

[bitmover]

I continued mining until the end of the ETH POW, and in the final months the fees increased a lot, and the solution was to migrate payments to the Polygon network (which I still use today)

I like Polygon too, this is the L2 which I prefer to use. One of the oldest ones, and widely accepted.

I remember insane days of ETH fees where I would receive the equivalent of 1 week of mining in 1 day

That was a good time. I never mined, but certainly it was a good deal.

When POS was created, the only bonus I received was the ETHW coin, the ethereum pow fork, which i sold immediately for a few bucks