Post
Topic
Board Altcoin Discussion
Re: is defi reason for skyrocketing fees?
by
best2015
on 31/08/2020, 07:30:26 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.
You probably heard of defi hype on news or even here on this forum.
So eth miners are just not capable of maintaining this much of transactions, this lead to fees getting higher.
Transaction fees are not as bad as exchange fees though, so I myself decided to settle everything down and make couple wise decisions instead of shorting