Post
Topic
Board Altcoin Discussion
Re: Why such high fees in ETH?
by
RealMalatesta
on 28/08/2021, 17:58:07 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?
When this new hype on NFT gaming ends or it moves to another token then we are going to end up seeing the gas fee down once again.

Because of the initial DeFi stuff we have seen people use ETH a lot and the gas fee was a lot as well, then we have seen people move to mainly BSC and into some other stuff as well which dropped the ETH gas fee a lot once again, nowadays it is NFT Gaming that makes ETH gas fee high again, which we do not really have any alternative just yet, there are some others like poly and enjin that people use but it is not wide spread yet which it will be eventually because of high gas fee on ETH, in that case it will drop again. Whenever a new thing comes out, it is first ETH that gets hyped and gas fee becomes insanely high, then slowly people find alternative coins and build their projects there which makes it go down.