I think the reason for the decay gas eth on the grounds that the volume of exchanges against eth has diminished radically so the current Ethereum network isn't so occupied as in the past. Meaning the Ethereum network right now not an excess of occupied that is the reason diggers can undoubtedly handle every forthcoming exchange.
the simplest explanation? the ETH network nowadays are not congested and why? maybe because users are using ETH network now lessen compared on what we have in the last year specially in 1st and 2nd quarter of 2021 when Ethereum fee is almost the same of Bitcoin transaction fee.
and also this is something good for ethereum users, though i stopped using Ethereum since last year instead i only has ETH for long term .
It's true, the ETH Gas Fee is often unstable. Sometimes when the transaction is solid, the ETH Gas Fee is quite high. As a bounty hunter, we have to look at the moment when gas is cheap to transact because it will save costs (maybe only $5 for one transaction). As a Lover of the Ethereum platform I hope Vitalik can stabilize Transaction Fees like the BSC or Tron Platforms. Small players in the Crypto world expect this to happen this year.
I did experienced paying 18 dollars fee sending only small amount but i have no choice because i need ETH.
It really doesn't look too bad, it is under 3 dollars right now, and the swaps that we had to do (approve and all" did dropped to 20-30 dollars instead of being 100+ dollars which was insane. However it is still nowhere close to what it should be. It is certainly something that we need to work on for sure.
dropping fees does not bring bad at any chance mate instead this is what we are all looking for and having 3 dollars as fee? this is still High mate trust me.
Yes, exactly decreasing number of using ERC-20 was one of the reasons why ETH gas fees going down these days well aside from the fact that it is the main concern of many of us it is also one of the reasons why other blockchains and bridges were trying to resolve, to give the crypto user a low gas fee which will not go to cost them an $8-$14 or more just for transaction fee. I think we shouldn't worry about why ETH gas fees going down because personally this is what I am looking for because there are other transactions that I have no choice but to deal with the high gas fee of ERC-20.