Post
Topic
Board Altcoin Discussion
Re: Why is the gas price so high on Ethereum?
by
OcTradism
on 26/04/2021, 01:00:04 UTC
etherscan.io gas tracker tool is used by many people but if they want to have a customization for hours and make their plans, schedule to move their Ethereum or ERC20 tokens, they will need other tools. One tool I know of is GasNow.

How to customize it?
See the table, at the bottom of it, you will see a scroll bar. Drag the scroll bar from left to right (from lowest to highest gas price), you will see hours that have most expensive gas price and hours with lowest gas price.

ETH/ERC20 - Check and select good gas price
GAS NOW - New Price Gas Forecast Service

Quote
It's going down again but it looks like this is just temporary.
The correction reduce transactions on the network but you are right that it is temporary.

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The BSC and TRON users are still using ethereum but we can't deny the fact if some of t[quhem were fully moving away from ethereum chain to the BSC chain.
The small traders are saying that they are not interesting with ethereum anymore due to the gas fees.
The TVL of pancake has been showing it.
Ethereum network can get support from BSC and TRC20 chains to reduce pressure from waiting transactions on ERC20 chain. However, it is a pain if they have to depend on opponent networks like that.