Post
Topic
Board Altcoin Discussion
Re: Why such high fees in ETH?
by
Jackl87
on 26/08/2021, 07:42:05 UTC
What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?

And what is minimum gasused multiplier?

The topic with the high gas fees on the ethereum network is probably the most discussed one here on this forum as almost everyday there is a new thread opened with this issue. Since the DeFi Hype began it became obvious that ETH in it's current version is very limited in terms of transactions per second and DeFi is creating a huge amount of transactions because for every DeFi related action there is at least 1 transaction needed and in many cases more than one. The london fork really did not have any positive impact on the Gas prices so far but we also keep in mind that this was just one update on the way to ETH 2.0. Once the full transistion to PoS happened and the Gas prices are still high than there really is a reason to worry.