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Binance smartchain on the 20th April alone recorded a 6 million transactions volume which is 20% higher than the previous day.

The Binance scan (Bscan) showed that the daily transactions volume increased by over 8 million which double in the last seven days . Transaction fee also surged 50% in 24 hours and 87% in the past 2 weeks.

Binance took advantage of the high ethereum gas fee making people to subscribe more to it .

 

[Wisdom01]

With the increase in transaction , the only problem is that the binance smartchain would start having high fees too,and that might be a big issue

 

[Niftyicon]

The surge in transaction fee is unavoidable with so many transactions but the low fees is part of the reasons why so many are opting for the network. I hope it still remains comparatively lower than that of ethereum.

 

[Wisdom01]

The surge in transaction fee is unavoidable with so many transactions but the low fees is part of the reasons why so many are opting for the network. I hope it still remains comparatively lower than that of ethereum.

I hope it doesn't go high like that ,because not everyone would be satisfied with the high transaction fee been shown ,which have always been a burden to some who do transactions

 

[Niftyicon]

I hope it doesn't go high like that ,because not everyone would be satisfied with the high transaction fee been shown ,which have always been a burden to some who do transactions

That is just the worrisome part but I doubt we would see such case as that of ethereum on the Binance smartchain network because it would be disappointing to say the least.

 

[Wisdom01]

That is just the worrisome part but I doubt we would see such case as that of ethereum on the Binance smartchain network because it would be disappointing to say the least.

If the fee is too high binance might create another network to help adjust and reduce the fee to some certain amount .

 

[a_jerobon]

The surge in transaction fee is unavoidable with so many transactions but the low fees is part of the reasons why so many are opting for the network. I hope it still remains comparatively lower than that of ethereum.

I hope so too. But I know that the high transactions will soon lead to an increase in transaction fees again. I hope then they create another network that will help people evade high fees.

 

[Wisdom01]

I hope so too. But I know that the high transactions will soon lead to an increase in transaction fees again. I hope then they create another network that will help people evade high fees.

I think there is currently two network as there is bep and bep20 , so they are more focused on reducing the high transaction fee amount and i hope that happens

 

[Niftyicon]

I think there is currently two network as there is bep and bep20 , so they are more focused on reducing the high transaction fee amount and i hope that happens

That is what many people are focused on right now. Anything to help boycott those ridiculous fees on btc network and ethereum network.

 

[achawaskey]

Business is good for Binance, and they are making profits. I think the reason is the way they organise there system, there customer base will continue to grow if they maintain this trend.

 

[Wisdom01]

That is what many people are focused on right now. Anything to help boycott those ridiculous fees on btc network and ethereum network.

Am not sure if we can solve that ,its left for the network people to find a solution to that and help boycott the high bitcoin fees on the network

 

[silentwatch]

Go binance go binance.
I like trading in this exchange and i think this is good to earn some more crypto on this platform. Yea sure, the fee is getting high but i think it still make good profit...
I dont know about you but i like binance...