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.
Your research pretty much sums up why the Ethereum network fees are so ridiculously high. The fact that you paid ~ $15 for your transaction isn't too bad.
I've even witnessed having to pay up to $80 - and that's painful.
So why are the rates so high, well is to do with the regular and crazy pumping of the DeFi based coins which clutters up the network so a lot more work needs to be done onto the blockchain to process your transaction.