I know a lot of people have been complaining about the gas fees lately, but it seems like most of the conversation around this topic deals with the potential over congestion of the network at times and not taking into account other factors.
Yes, congestion will increase gas but another big factor is the price of ETH as well. After all, the gas fees are paid in ETH. So, although the gas fee price increases in our trash fiat as the value of ETH skyrockets, the actual fee in ETH seems to be hovering around the same margins over time.
Just another thing to think about, especially since most of this stuff is related to FUD. From the perspective of its raw ETH value, increasing gas fees in USD is just an indicator effect of the network accruing increasingly more value.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments