Ethereum Transactions Count Dropped as Gas Fee Increase

Ethereum Transactions Count Dropped as Gas Fee Increase

Ethereum transactions have also started to decline amid frequent market crashes

Key Points:

  • Ethereum gas fee has risen astronomically to hit $3,300
  • Ethereum transactions count has been dwindling
  • Bitgert gasless chain is the solution to the expensive gas fee

The Ethereum network has grappled with the issue of the expensive gas fee for a long time. Despite the recent announcements that the Ethereum gas fee has dropped, it appears like Ethereum users are not out of the wood yet. The Bored Ape NFT sale is one of the instances where the Ethereum network's high gas fee problem came out clearly.

During the Bored Ape NFT sale, the Ethereum gas rapidly rose to $3,300, something that caused a lot of uproar from the Ethereum NFT enthusiasts, with most of them missing the opportunity to buy these NFTs. But the biggest issue is that the Ethereum high gas fee is making it hard for the users to transact.

In fact, the high gas fee has been one of the major reasons why the number of transactions on the Ethereum network is reducing. This is at a time when the likes of Bitgert BRC20 blockchain is experiencing massive adoption, with transaction count skyrocketing. The big difference between the Bitgert and Ethereum networks is that Bitgert has addressed the big issue of the gas fee.

Bitgert blockchain, which is compatible with the Ethereum network, has a zero gas fee. This makes it the cheapest chain. More blockchain users and developers are joining Bitgert BRC20 blockchain, which is skyrocketing the transactions count. Here is more about the Bitgert project:

Bitgert

Bitgert team has built a blockchain that has addressed two major problems that Ethereum is dealing with. The Bitgert chain has zero gas fee and is also the fastest blockchain today after hitting 100k TPS. Transaction on the Bitgert chain costs just $0.0000000000001 fee for gas, which is the lowest gas fee in the market today.

With the Bitgert chain supporting 100,000 transactions per second, it means the Bitgert chain will rarely get overwhelmed by huge traffic, which is the major cause of spiking gas fees on the Ethereum network.

With the Bitgert blockchain being compatible with Ethereum smart contracts, it is helping address the gas fee issue on the Ethereum chain. Ethereum users will be able to migrate their assets to the Bitgert chain to enjoy the zero gas fee.

The bottom line is that the Ethereum team must fix the issue of gas fees and, more so, make the Ethereum chain more efficient to avoid traffic buildup. However, Bitgert might, at the moment, provide Ethereum users with a zero gas fee network to transact.

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