Quote from: royalfestus on Today at 08:16:56 PM

Quote from: Cornia on Today at 05:39:44 PM

Ethereum's transaction fee will be reduced, this is what I expect from the new development of Ethereum. Today I have deposited in an ERC20 token in market and it has a transaction fee of $8. I sold the token for $16. This is pathetic.

This is my question since the hardfork, not even the price pump. When will the price of transaction reduce? I expect something in the value of binance chain and Tron for transaction.

from several articles that I read, apart from the hard fork that reduced the eth supply by 1.4% annually, ethereum also submitted several proposals. Among them are the EIP-1559 proposal which is used to provide arrangements for setting gas fees, and the token burn mechanism. Apart from that, there are many other proposals that serve to make the basic gas fee price, hopefully the gas fee can be more controlled.
For more information, you can read here
https://www.coindesk.com/ethereum-london-fork-launch-date-august