Gas fees

[yohananaomi]

You are right that fees will be expensive during high traffic, but with many hyped meme coins using alternative networks like solana, we see the network seem to be decreasing on ethereum.
new networks will be a pretty good alternative option for users and we can take advantage of it.

Even though Ethereum still remains the network within which most altcoins are based, the advancement in the blockchain technology has created room for other networks to compete based on efficiency. However, what we may see in some aspects is a decline of Ethereum’s dominance in some of these sectors due to shifting more projects to networks like Solana that manage to take on those responsibilities at a lower cost and with slightly faster speeds. It definitely provides more possibilities of alternatives to ensure that the market plans of the users and investors are altered to encompass the changes that come with time. But that is still an advantage of Ethereum, so this means that this competition can actually push further innovations in the whole ecosystem.

the rise of alternative blockchain networks present both challenges and opportunities for Ethereum. While Ethereum dominance may decline in some sectors, the competition driven innovation will likely lead to improvement in the overall ecosystem. As the blockchain landscape continues to evolve,  it's essential to monitor the development and adaptation of Ethereum and its competitors.

This is certainly good news because there will be more alternatives that many people can use to use the network by looking for good and cheap alternatives, of course.
You may be right that Ethereum’s dominance may be quite low in some sectors, but in my opinion, it does not deter many who still use Ethereum to this day, because, after all, Ethereum is still the best for altcoins.

[armanda90]

Well, at least it's cheaper. Lol

Let's do more transactions on the mainnet because now the project always detects a lot from how often to tx on the mainnet, if only a little then it is considered sybil.

Like tx on the ETH mainnet is more important in my opinion.

Lets do more transaction of Ethereum network coins right now during have extra ordinary cheapest fees,
difficult can make a lot of transaction of Ethereum network last one or two years ago with most cheapest fees transaction as nowadays how most cheapest fees transaction under 0.5 gas gwei and actually spending fund under $1 we can make many time transaction.
If you have old coins and available for selling at cex market, moving right now to your exchange market account and hold there afraid in the future gas fees transaction of Ethereum will increase up again.

[salad daging]

Well, at least it's cheaper. Lol

Let's do more transactions on the mainnet because now the project always detects a lot from how often to tx on the mainnet, if only a little then it is considered sybil.

Like tx on the ETH mainnet is more important in my opinion.

Lets do more transaction of Ethereum network coins right now during have extra ordinary cheapest fees,
difficult can make a lot of transaction of Ethereum network last one or two years ago with most cheapest fees transaction as nowadays how most cheapest fees transaction under 0.5 gas gwei and actually spending fund under $1 we can make many time transaction.
If you have old coins and available for selling at cex market, moving right now to your exchange market account and hold there afraid in the future gas fees transaction of Ethereum will increase up again.

While I'm happy with the cheap gasfee, I'm sick of seeing Ethereum's price drop below $2000 again when bitcoin is experiencing a slight correction.
As it is if bitcoin falls further lower then there is a possibility that it could drop back down to $1500 for Ethereum.

[Hisbullah]

This is certainly good news because there will be more alternatives that many people can use to use the network by looking for good and cheap alternatives, of course.
You may be right that Ethereum’s dominance may be quite low in some sectors, but in my opinion, it does not deter many who still use Ethereum to this day, because, after all, Ethereum is still the best for altcoins.

Ethereum is still the best for Altcoin because it is still the first Altcoin and occupies the second rank after Bitcoin. But now many competitors who believe in Ethereum, many networks are starting to hype like Solana and Ton. And Solana has shown its class as the most ppular new network with a hype token meme using Solana's network.
 But many big investors still believe and Hold Ethereum, so I think Ethereum is still a potential coin to have.

[hugeblack]

If you have old coins and available for selling at cex market, moving right now to your exchange market account and hold there afraid in the future gas fees transaction of Ethereum will increase up again.

Are you serious? In order to save fees that will most likely be less than $20 at worst, you risk transferring your coins to a centralized service that could go bankrupt/hack/freeze your balance for no reason?

[yohananaomi]

This is certainly good news because there will be more alternatives that many people can use to use the network by looking for good and cheap alternatives, of course.
You may be right that Ethereum’s dominance may be quite low in some sectors, but in my opinion, it does not deter many who still use Ethereum to this day, because, after all, Ethereum is still the best for altcoins.

Ethereum is still the best for Altcoin because it is still the first Altcoin and occupies the second rank after Bitcoin. But now many competitors who believe in Ethereum, many networks are starting to hype like Solana and Ton. And Solana has shown its class as the most ppular new network with a hype token meme using Solana's network.
 But many big investors still believe and Hold Ethereum, so I think Ethereum is still a potential coin to have.

With the many telegram mini-games, many new networks are starting to enliven the meme market. Previously there was Ton, and now it is growing bigger and is more preferred by SOL.
But every day, it is increasingly felt that the network for memes is not so popular and is starting to be abandoned because many projects are only pursuing profits for Dev.
I agree with you that there are still many investors who still believe in Ethereum even though there may be problems with gas fees that occur, but it is still better than its past.

[sampoerna]

I agree with you that there are still many investors who still believe in Ethereum even though there may be problems with gas fees that occur, but it is still better than its past.

Actually, for now, the gas fee for the Ethereum network has been decreasing in its fee rate. Even only around 0.5 gwei to 0.8 gwei for priority. There has been a lot of progress and development in the Ethereum network. And it has started to compete with other blockchain networks.

The only thing we don't know yet is how it will be in the future when ETH has skyrocketed again and when this coin is in the altcoin season era. Because it is true that when alt season is like that, the gas gwei will also jump very drastically. So, let's wait for what will happen in the future.

[doc]

I agree with you that there are still many investors who still believe in Ethereum even though there may be problems with gas fees that occur, but it is still better than its past.

Actually, for now, the gas fee for the Ethereum network has been decreasing in its fee rate. Even only around 0.5 gwei to 0.8 gwei for priority. There has been a lot of progress and development in the Ethereum network. And it has started to compete with other blockchain networks.

The only thing we don't know yet is how it will be in the future when ETH has skyrocketed again and when this coin is in the altcoin season era. Because it is true that when alt season is like that, the gas gwei will also jump very drastically. So, let's wait for what will happen in the future.

Ethereum gas fee has indeed decreased and many investors have started using this network again. However, with the many new networks that offer advantages and cheaper gas fees, many investors are reluctant to use the Ethereum network. This is network competition in crypto, and we as users can take advantage of this competition

[Roseline492]

Ethereum gas fee has indeed decreased and many investors have started using this network again. However, with the many new networks that offer advantages and cheaper gas fees, many investors are reluctant to use the Ethereum network. This is network competition in crypto, and we as users can take advantage of this competition

Is good they have decrease because there gas fee was too much for transaction and that affected a lot of people who wanted to use it so they decided to look for other chain that doesn't charge much, so that's why Ethereum has witnessed a serious decline from there chain, so for the fact that people are now coming back for them should tell them that it was because of the fees that made them change there mind.

But I still feel that sooner or later there fees will still increase if they have the traffic they had before, actually this there previous issues of fees has also affected both there coin because the name is no longer regular on people now like before.

[vegasus]

Ethereum gas fee has indeed decreased and many investors have started using this network again. However, with the many new networks that offer advantages and cheaper gas fees, many investors are reluctant to use the Ethereum network. This is network competition in crypto, and we as users can take advantage of this competition

Yes, that's right, I've also started checking my wallet to make a transfer. It's just that there are already many worthless tokens, haha

But at least, Ethereum's progress in terms of gas fees is quite a lot. Do you remember how high the Ethereum network gas fee was last bull season? It was really crazy, up to hundreds of gwei. But now it's only less than 1 gwei. It's really incredible. If it can stay at least always below 5 gwei even at the peak of altcoins this season, then maybe the Ethereum network will be used again by new project developers to create their tokens.

[legend45]

Ethereum gas fee has indeed decreased and many investors have started using this network again. However, with the many new networks that offer advantages and cheaper gas fees, many investors are reluctant to use the Ethereum network. This is network competition in crypto, and we as users can take advantage of this competition

Yes, that's right, I've also started checking my wallet to make a transfer. It's just that there are already many worthless tokens, haha

But at least, Ethereum's progress in terms of gas fees is quite a lot. Do you remember how high the Ethereum network gas fee was last bull season? It was really crazy, up to hundreds of gwei. But now it's only less than 1 gwei. It's really incredible. If it can stay at least always below 5 gwei even at the peak of altcoins this season, then maybe the Ethereum network will be used again by new project developers to create their tokens.

with the increasingly cheap gas fee ethereum makes developers will look back at the ethereum network for their projects. because currently there are many competitors of ethereum that offer low gas fees and many conveniences in transactions especially speed and security. but ethereum remains the best altcoin to date because it is still favored by many big investors.

[enwi]

Ethereum gas fee has indeed decreased and many investors have started using this network again. However, with the many new networks that offer advantages and cheaper gas fees, many investors are reluctant to use the Ethereum network. This is network competition in crypto, and we as users can take advantage of this competition

We are currently in an era where several digital systems strive to improve on their value proposition while also aiming at the least cost possible and very high rate of transactions. With choices coming up, there is the flexibility of using to suit our requirements and perception of suitability. This has evidently established that this service provision is a free for grabs especially for those willing to contribute or access the offered services. This is a situation where the improvement in one creates a condition that offers direct innumerable advantages to the people involved for when one has enhanced its quality while the others remain to be convenient to patrons. In this respect it might be observed that amidst these changes no system can continue to depend upon the name since all are expected to justify why they are still being utilised.

[UNIVERSE]

with the increasingly cheap gas fee ethereum makes developers will look back at the ethereum network for their projects. because currently there are many competitors of ethereum that offer low gas fees and many conveniences in transactions especially speed and security. but ethereum remains the best altcoin to date because it is still favored by many big investors.

Agree, the gas fees is quite cheap now. Sure, developers may be interested to make new projects on Ethereum network again. Ethereum network should still be one of the favorite networks, it was the first choice. Since the gas fees increased high, developers prefer other networks. But now, I think developers will consider Ethereum networks anymore.

Yes, Ethereum is still a favorite altcoin. But many people feel disappointed because Ethereum price still can't increase as expected. We all know that Ethereum still doesn't reach its ATH.


Current ETH gas fees



https://etherscan.io/gastracker

[Legion]

with the increasingly cheap gas fee ethereum makes developers will look back at the ethereum network for their projects. because currently there are many competitors of ethereum that offer low gas fees and many conveniences in transactions especially speed and security. but ethereum remains the best altcoin to date because it is still favored by many big investors.

This is why many developers still prefer Ethereum, although there are other networks that cost less. Considering the infrastructure solidity of Ethereum, various developers and investors have confidence in Ethereum. Ethereum also has a big community, which simply means that there can be more people actively participating in development of this platform, which also equals to more opportunities for development. Despite such advancements such as those that brought changes that lowered the gas fees, Ethereum is still preferred. Based on the above considerations, I think the adoption and support from more investors will be the key factor in their decision as the leading network in the market.

[Gurujebs]

with the increasingly cheap gas fee ethereum makes developers will look back at the ethereum network for their projects. because currently there are many competitors of ethereum that offer low gas fees and many conveniences in transactions especially speed and security. but ethereum remains the best altcoin to date because it is still favored by many big investors.

The recent down on ethereum gas fee wouldn't bring back any developer, it changes nothing because it's not like the chain was developed to work like this, the reason why the chain is like that is because there is no much going on in the chain, only few people are using the chain right now, if more users interact with like a popular memr coin launch on it, the gas fee will spike again.

There is a reason why we have many layers supporting the network, it's because they know the chain will remain like that is why they created most of those layer 2 for ethereum so as to scale ethereum to the maximum.