Post
Topic
Board Altcoin Discussion
Re: is defi reason for skyrocketing fees?
by
Dondeon
on 30/08/2020, 17:01:08 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.
Defi or no Defi, whenever we are having a run like we are having now, the gas fee tend to go up beyond our expectation, it is normal to have it that way because the ethereum blockchain tend to be busy and miners tend to raise the gas fee at that time.