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It's not been so long, I could move most of the Tokens from my Ethereum wallet with $0.08 worth of ETH as a gas fee but now if I try to move the same amount of tokens, I have to pay at least $0.75 worth of ETH as a fee if I want to see my transaction to be processed within a few minutes. Yes, I am still free to customize fee by lowering Nonce or Gwei values but unfortunately, such transaction request with a lower gas fee is more likely to be rejected or miners keep unconfirmed for more than 3 days. Do you know why this is happening? I have explored to find the actual reason behind this problem. Coin Metrics has founded that DeFi is the key reason behind this high gas fee in the Ethereum network due to an increase in demand.Coin Metrics said, "The increase in fees could make the network “prohibitively expensive” to use." If you locate the past three weeks, Ethereum transaction fees were up by 30.3% which is not looking normal. You know most of the DeFi protocols are based on Ethereum blockchain and currently, DeFi platforms are grabbing the attention of potential investors. Due to this sudden surge in demand for DeFi platforms, the network is looking extremely busy and miners will prefer to confirm transactions with a high gas fee. Recently, Vitalik Buterin has also warned, high transaction fees may cause ethereum *less* secure. Some experts say, large scale Ponzi schemes are also responsible to cause this problem. Reference:- https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-25c https://twitter.com/VitalikButerin/status/1285593115672358912 https://decrypt.co/36263/defi-ethereum-transaction-fees