I think the reason for the decay gas eth in light of the fact that the volume of exchanges against eth has diminished definitely. Meaning the Ethereum network right now not an excess of occupied that is the reason excavators can without much of a stretch interaction every forthcoming exchange.
There's nothing to do with the exchange volumes but just as said by xalolex, it's about the erc20 tokens demand. Well, we can say that there's something to do with the exchanges because it's being traded there and most people are sending their erc20 tokens into exchanges to trade it.
But in actuality, it's just all about the production of many erc20 tokens and the demand that they're having which is making the network clogged which is turning the fee to be higher than before.
now ethereum is experiencing an increase whether gas costs will turn higher due to high exchange volume, maybe that could also be the reason because if the high volume that occurs is the transaction speed so the gas costs are getting higher to speed up transactions on ethereum
and this i see it on matemask and other wallets when gas costs are minimized then what happens is that our transaction fails or is delayed
The network itself is the one that sets the gas fee so whether it's on exchanges or wallets, there will no difference at all. If they're expensive, they're going to be expensive.
It's still changing from time to time, lucky if you see gwei hits 1-10 and that's the time that you should start transacting. But if not, you do your thing and proceed if you're fine with those little amounts that it will project to you before you do the transaction.