Lately ETH fees have been skyrocketing and I have been paying 50 cents for a normal eth transaction and over $1 for contract functions. Used to be a few pennies at most to get your transaction confirmed quickly.
I've been experiencing a huge increase in transaction fees lately, i think there is congestion causing the network to clog. It might be due to the #DEFI wave that brought about many projects launching their products on eth network.... I heard that the blocksize also got increased by almost 10times and with ethereum 2.0 around the corner to launch, i believe we'll see an improvement real soon
In future the ETH coin fee is going to be so much high like last time and this time ETH coin touch the high value almost 10,000$ and hope that we make good profit on that time through trading.
A lot of people believe that Ethereum 2.0 will solve this though. I don't know much about this but it seems that the new update that the people is waiting for will solve most of the scalability and security problems. To be honest, we really can't look forward to it when it comes to fees as this update will still happen in the far future, probably next year. We can only hope that the gas fees lower.