The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
Who dictates how much fees are charged?
If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!
Yeah its the Defi hype and Uniswap that's clogging the chain right now, but maybe with the recent crash things should calm down a bit. All this just reminds me of crypto kitties and from 2017.
It also unfortunately shows that for all the talk Ether still suffers from the same scalability problems as Bitcoin does.
Though apart from the short term i wouldn't really worry about it to much, fees will eventually stabilize again and i am looking forward to seeing fees back at a few cents in the near future.
Cant really believe the words coming out of my mouth but in the mean time maybe use EOS. ( still unsure if that's wise though lol)
You can always check the top addresses on the Ethereum network at https://ethgasstation.info/
Uniswap is leading with the most transactions made. I hate it and I miss making a transaction with only 1 Gwei.
Here is a screenshot of the recent rankings:
