Post
Topic
Board Altcoin Discussion
Re: is defi reason for skyrocketing fees?
by
optimisticcm
on 30/08/2020, 11:44:02 UTC
I was a bit worried from last few days regarding the high gas fees because I've to pay 10 to 15$ per transaction, that's a huge amount for me as fees, so I started my research regarding the gas fees, and found that defi is the only reason that makes the gas fees that high ,due to the huge trend of defi it makes the ethereum network so much busier that we've to pay more than usual for gas fees ,what you think about it ,help me understand current situation for being so high fees.
It was obviously one of the main reasons because of a lot of transactions going on related to defi as well as their tokens caused congestion in the ethereum network that resulted in high transaction fee while if you traded on swap platforms like uniswap then one reason was comission which they are charging to pay liquidity providers.