Ethereum network is still struggling with the issue of expensive gas fees, despite the recent updates by the team that the gas fee is dropping.
Probably the most notable is the recent Bored Ape NFT sale that raised the Ethereum gas fee to $3,300.
For any transaction that was requested on the Ethereum network when Bored Ape NFTs were being sold, even a $25 transaction would cost $3,300 as the gas fee.
For any transaction that was requested on the Ethereum network when Bored Ape NFTs were being sold, even a $25 transaction would cost $3,300 as the gas fee.
It makes Ethereum one of the most expensive networks.
According to crypto experts, the high Ethereum gas fee is due to an overwhelmed network.
In case the traffic is so high, like during the Bored Ape NFT sale, then the Ethereum gas fee can rise astronomically.
With the Ethereum chain scalability still being a big issue, the expensive gas fee issue will still remain a big challenge.
According to crypto experts, due to the growing number of projects and products on the Ethereum chain the Ethereum gas fee might rise 500% in the next 2 years.
This is how the gas fee on the Ethereum network will skyrocket 5x in the next 2 years.
But there is good news for the Ethereum users because Bitgert (BRISE) network is here to help them avoid the expensive gas fee.