Quote from: aubert on June 13, 2021, 06:29:33 AM

Quote from: Sithara007 on June 06, 2021, 03:47:16 AM

Quote from: lozovenkop on June 05, 2021, 11:21:10 PM

I was very pleased with such commissions today. After the price of 1000 gwei, this is a balm for the soul.
It seems to me that the decision of big commissions is not far off.

LOL... I can only imagine the mental state of the users who were forced to pay a gas price of 1,000 Gwei. Just when we were thinking that the Bitcoin transaction fee is extremely high, Ethereum just overshadows it with 5x higher gas prices. And the most surprising thing is that despite this sky high gas price, hardly any of the projects seems to be migrating to the other platforms. The prevailing logic is that it is better to pay higher fee with a well known platform, rather than taking the risk of a relatively unknown one even if the fee levels are low.

I've heard it's mainly because the ecosystem is just overall better for long term with project like uniswap but tbh other smart contract blockchain also not lacking defi platform since someone always trying to migrate defi over to make some profit. I guess it's more of their developers are a lot more experienced in developing smart contract in ETH relating to how to deploy it etc rather than in other blockchain despite it becomes more costy.

Exactly my point. Projects should start migrating to other chains or better create their own chain so as to decongest the ETHEREUM chain and maybe things will improve. Most projects have different use cases and all these in one way or the other increases gas fee.