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What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?

And what is minimum gasused multiplier?

in the description I read, the ethereum network fee is determined by the miners and it is not related to the eth network itself. but from ethereum itself promises to solve this problem as soon as possible, so that consumers can feel more comfortable

People have been buying lots of NFTs and that has had an affect on gas prices. A lot of people have moved to Mintbase on NEAR protocol because the gas fees are lower and the amount of profit you get is higher. Opensea also works on Polygon.

No, blocks are half empty. Sometimes blocks are 5-10% filled. Gas fees should be super cheap now.

This block for example was 4% filled. It's almost empty. But still very expensive gas.
https://etherscan.io/block/13090000 (https://etherscan.io/block/13090000)

https://imgur.com/FnNom2k (https://imgur.com/FnNom2k)

https://etherscan.io/gastracker

You can check it from the link that I provided above. The gas will be based on how crowded the blockchain and it will be also using the average fees in the network that will be determined from the all of transactions that already processed by the block/mempool. The London hardfork didn't give blocksize upgrade and it seems like it was not working perfectly. I personally prefer to see this ethereum chain try to increase its blocksize.

that will be perfectly fixing the scalability problem. Sometimes the tx fees can touch three digits too. The blockchain is starting to be crowded again. that may become the reason why the fees was spiking but this time it's better than a few months ago.

It seems like the block was taking a transaction with high fees as its priority and at the same time to determine the recommended gas fees

The topic with the high gas fees on the ethereum network is probably the most discussed one here on this forum as almost everyday there is a new thread opened with this issue. Since the DeFi Hype began it became obvious that ETH in it's current version is very limited in terms of transactions per second and DeFi is creating a huge amount of transactions because for every DeFi related action there is at least 1 transaction needed and in many cases more than one. The london fork really did not have any positive impact on the Gas prices so far but we also keep in mind that this was just one update on the way to ETH 2.0. Once the full transistion to PoS happened and the Gas prices are still high than there really is a reason to worry.

I don't understand why it keeps on moving up as such fee should go down as said which might be the effect of the London hard fork. But as you're curious with too, I don't know why but I only keep seeing the fee going up despite with those hoped upgrade for Ethereum.
Many this is going to open another "solution" as the foundation saying about these fees. It seems like we're back in 2017 when gas fees were too much because of cryptokitties. This time, I guess it's because of NFTs.

This is not true. The blockchain is not crowded at all. Did you even check the blocks? We have it running half empty. Last time network was running half empty in June, gas was 3 - 10 GWEI.

Now we have almost empty blocks with 85 GWEI price. There is some base fee that is added for some stupid reason to make it super expensive.

There is this "Base Fee Per Gas" in all blocks now. Do you know what it is?

Dapps and DeFis are the driving force of the gas price going so high in Ethereum economy. Every transaction is being charge and the gas fees rely on how many transactions are executing in the network and access rates are off the roof . Layer 2 implementation does not make it better. It only enhance the ecosystem to make it faster confirmation.

I think that miners also have a role to play in all these, and hence the reason Ethereum team are trying their best to ensure all these issues like gas fee and speed are taken care of in the next upgrade.
However, every upgrade done by a team on their platform have a specific function or reason for that upgrade, some might be strictly for security, some for speed, some for more user-friendly interface and so on, in the case of Ethereum, the London hard fork was done in order to reduce the circulating supply of ETH, hence in every transaction ETH coin is burnt; thus it can be seen that the London hard fork have no business with gas fees but we should wait for the ETH 2.0.
Also, the last time this fees was this high was months ago, during the bull run, that is, the more the ETH price increases, the more the value of gas fees increases, nevertheless the team have understood that more growth of Ethereum blockchain depends on their ability to solve this issue.

It were a bit low for some weeks. Went as low as 4 gwei. Now the fees are high, not as high as on the last bull but with the price rise, the fees on dollar has rose geometrically.
ETH is been nearly unusable for dapps and defis for quite a time now. Projects like BSC and Polygon are keeping the network popular. ETH still could be a good decentralized coin like bitcoin, but I don't see it being used as a utility token unless serious improvements are implemented.

It is strange since the london hard fork they are burning over 6000eth per day last time I looked.
Gas fees are higher still but the ones processing these high limit transactions are making less afterwards.
Even with the use of the ethereum blockchain at it's highest because of projects such as NFTs and DeFi using it to facilitate their customers.

All I know is that it has repeated this price increase per transactions many times already, but one one of the most caused was the emergence of cryptokitties. Perhaps one of the biggest contributors to the increase in the price of transaction is the variety of NFT games that have sprung up so far.

They are doing the opposite. With London fork the fees only went up. The team doesn't care about gas fees one bit.


This is not true. The blocks are not filled, with increased gas limit, now at 30,000,000. Many blocks are empty!

https://etherscan.io/block/13101042 (https://etherscan.io/block/13101042)
Look at this block. It used only 6% of gas limit!

We don't have capacity problem at all right now.

And still, no one answered my question, what is Base Fee Per Gas and especially minimum gasused multiplier?

I don't understand this situation either. If the block is filled with transactions, then the base commission increases, and vice versa, if the block is empty, then the base commission decreases.
This is how the base commission is regulated
https://etherscan.io/txsPending
There are many transactions in Mempool, it looks like a conspiracy of miners that do not include transactions with low fees in the blocks.

Dead chain.

Dead because too many people want to use it. In other words, it can't scale. Just like how bitcoin couldn't scale. The end of the road for all blockchain based projects. Welcome to the future.

Find an alternative and use that. (till it also dies)

Probably it's not because of how many tx, but the computation power, thus you can have blocks near empty but they are resource hungry and congest the network.*

*It's only based on my common sense, it's like token transfer needs more gas than moving ETH, so probably minting and moving NFTs also require more gas.

This is not true. Did you even look at recent blocks? Some blocks have about 10 normal transactions, while during bull run we had 10 times more, and the network handled all of it. Why do you have to reply if you have no idea what you're talking about?

Blocks with filled transactions cannot overload the network. If the demand for transactions is high, then the commissions on the network will grow. But online fees are not increasing.
The situation is similar to when many passengers come to the bus stop, where many buses are waiting for them.
Drivers demand $ 1 for a ticket, and passengers are willing to pay 50 cents.

Why you act like an asshole where some random guy trying to help you to figure out this phenomenon? That's a wonderful way to keep people from posting here.
If you are so smart, why you asked this question, and not figuring out by yourself. OMG people nowadays.

https://ethereum.org/en/developers/docs/blocks/

You are looking at the wrong metric smartass...

 

I'm not smart enough to figure it out, that's why I'm asking. So if someone has no idea what the answer is, they must answer some irrelevant gibberish anyway? OK, got it.

And by the way, why are you replying again with irrelevant gibberish? Yes, I'm looking at the right metric.

Look at this block, it's basically empty:
Gas Used:
416,504 (1.39%)
https://etherscan.io/block/13101022 (https://etherscan.io/block/13101022)

Yet the gas is very expensive.

Good, now use your superior intelligence to connect this:

https://metamask.io/1559

And this:

https://i.ibb.co/7WTk4JK/etherscan.jpg

Now call me master!

I'm no expert in network blocks on erc20, but I noticed that in the past week the cost of Eth gas has increased by 2x https://etherscan.io/gastracker#historicaldata.  it also made me reconsider selling the small value of the coins I have and can only wait for gas costs to drop.

You're a slave! But seriously, thanks for the reply. So that's what the algorithm for the base fee is. I wonder who came with that formula, because it seems that even though we're not close to 100% capacity, yet this formula has lead to very high base fee. Do you know who invented and enforced this formula onto gas fee structure?

I think it's detrimental to users, putting that threshold somewhere above 50% would be better.

The increase in the price of the gas fee here in the Ethereum blockchain is the reason why it is difficult to sell assets even at the right time, the type that has income from them. Most small investors are deliberately affected by this. Even if we say that it is good to invest in ethereum, because it has been proven a lot. It is still important to have a low gas price in every transaction.

Transaction fees completely depend on users' activity, so I can say that on some days, for example, on Fridays, fees are usually the lowest. I strongly believe that when Ethereum switches to Proof-Of-Stake, fees will not be so huge as validators will not have such big commissions like miners now.
To track current transaction fees you can go on the web-site etherscan. Now the minimum gas is 80 gwei which is about 5,2$. 

did the devs say that the fork will reduced the gas fee ?
 if yes then we can blame them for this and they might consider fixing it again  but  if it isnt then maybe the fork is intended for other purpose  but we people are only too assuming and spreading wrong claims but anyway there are lots of alternative to eth these days .
they can solve most problems that eth are facing such as high gas fees and others .

Ethereum (ETH) transaction fees increase when the network is busier. This is caused by more people making transactions like sending tokens, trading on DEXes or depositing their assets to lending platforms.

So far i know they didn't something like this, EIP-1599 in the first place to implement Hybrid-Deflationary concept to the Ethereum network where every part of the transaction will be burned and it's little bit different from previous mechanism where it will be automated Fluctuate bidding system so Miners can't monopolize the network fee, That was so far i know but as you can see the price was much higher not sure why, The only hope for ethereum it's upcoming PoW to PoS Transisition.

Vitalik Buterin (@vbuterin) et al. (https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md)

I guess authors don't have knowledge of economy, thus thinking that centrally planned fees (even though it's algorithm) are good. What we see here is a definition of inefficiency, where some blocks aren't full even though the network is congested. Also, it introduces lag, where the lower fees txs must wait for the base fees to decrease before it can be included in a block. This setup surely doesn't belong to POW when the miners maxing their fees, and fight in the "hash race."

It's a problem that has been going on for a long time and is trying to be fixed by ethereum but has not been able to be resolved even though it has been tried, so it's no wonder that other platforms are growing that contribute so that there can be such a high-cost alternative. Of course it's good that other platforms emerge that provide an opportunity for everyone to do it at a cost that is still affordable.

ethereum may always see high costs with traffic that was indeed high at the time so there were high costs but not everyone could accept things like this and there had to be real improvements that ethereum had to do even though it was possible that if it dragged on so many projects would not use ethereum network.

but it doesn't hurt to continue to monitor at https://etherscan.io/gastracker before doing work, then at least it can reduce costs we can do for a while before there are fundamental changes.

I was looking for an answer to this question on social networks, I found an interesting guide.
https://www.blocknative.com/blog/eip-1559-fees
A Definitive Guide to Ethereum EIP-1559 Gas Fee Calculations: Base Fee, Priority Fee, Max Fee
"If the last block was exactly 50% full, the Base Fee will remain unchanged.
If the last block was 100% full, the Base Fee will increase by the maximum 12.5% for the next block.
If the last block was more than 50% full but less than 100% full, the Base Fee will increase by less than 12.5%.
If the last block was 0% full – that is, empty –  the Base fee will decrease the maximum 12.5% for the next block.
If the last block was more than 0% full but less than 50% full, the Base Fee will decrease by less than 12.5%  "

I agree with this observation and it's true it's half-empty meaning the blockchain is not full and yet the transaction fees were still high, And because of this IMO, the London upgrade is a failure to me because it was not served to the interest of small and micro investors/users, I don't understand why they keep boosting that the Eth was already a deflationary token when its gas prices are not sustainable. I'm an Ethereum user since 2016, Eth serves as my alternative cryptocurrency for Bitcoin but in today's latest trend I'm not happy anymore. and I cease using Eth in the meantime.  

I'm not sure if we could find a way to bring back it low since the transactions demand is still high. Because even we already have a BSC platform, it was still to see that many people are using ETH. That is costly but have to live no other option with these ERC20 token base and have to pay it high just for the seek that we can move our funds.
This was our struggle since last year and we are hoping for a huge change after the upgrades but sadly, we never saw it happening, instead, the gas fees stay high.

Actually, if we have blocks just slightly over 50%, it increases gas fee very fast. Only after many blocks that are almost empty or below 50% does the gas fee start to fall to reasonable level.

I suspect it's all just for purpose of manipulating the price, it's not about users. Greed has taken over, now all they care about is writing news about how much ETH they burned this day or this week!

Also notice that miners still get their fair share, but the system is robbing the users, only because they want to rave about burning ETH. Miners are still winning, price manipulators winning, users losing.

One of the many reasons for the increase in gas fees is the increase in the mining cost of miners to limit the amount of etherium mining.  In addition, the work of large projects centered on Ethereum Blockchain.  With so many transactions, trading, swaps and stacking NFT projects, all of this is at the root of Ethereum's gas fee hike.

High or low fees situation is completely related to the price and the rate of demand. For now, it seems like fees are going to change parallel to the price as long as Ethereum developers themselves don't do anything about this to put an end to it. Ethereum price reached $3.2k after a long time. People who see the market and Ethereum are rising don't want to miss the opportunity to buy. And this caused the demand to go really high. And it affected the network also that the transactions happen slower than before. As a result of these things, we see very high fees again when we want to make a transaction with Ethereum.

Tell me about it, the gas fee is just getting worse am afraid, everyone expected the fork to fix this gas issue but apparently we are stuck with this, whether we like it or not we must pay high gas fees to transfer any erc20 project,  this is reason why chain like solana are striving high and gaining more traction, I can't seem to understand what is happening to eth, I don't think this issue can be address anymore, better new devs start looking for alternatives.

Yes, the high gas fees on the ethereum network piss me off a bit to try to make small trades and being forced to pay gas fees which are much higher in comparison to the selling value of the coins. that's why at the moment I prefer the Bsc and Polygon networks because the gas costs for transactions are cheap. And maybe next time I will use the Solana network too.

I think high fees in ETH is because SMARTCONTRACT , it will bring good changes security, and the cost of mining are improved when going from POW to POS and all brings lower fees.I think, maybe I m wrong

Are you sure the ethereum network fee is determined by the miners ? Well i think it is the opposite.
The fee is determined by the users who want to transact in the network, by setting the gas price. ETH fee was low few months ago, it was only around 10-30 gwei, but now it is above 70 gwei.

This habit occurs when transactions are busy or there are many transactions on Ethereum, when it is busy, people are competing to get away quickly by increasing the gas fee, the transaction habit is when we install the gas fee the faster the transaction runs so that over time it becomes a big fee The Ethereum transaction gas is how I feel and experience it

It is possible that this is because most miners are moving to staking. The number of transactions is simply not decreasing, but there are fewer and fewer miners who are mining Ethereum and there are not enough of them to confirm the transaction. Therefore, if you want the confirmation to be faster, you have to pay more.

The London fork did not lower the gas fees but put a fixed price per block for network fee. Burn mechanism was also been established within this EIP-1559 and miners wasn't the one who dictates the tx fees anymore. This makes ETH now a deflationary asset that could potentially rose in price as time goes by. ETH 2.0 is probably the solution for high fees. Not this EIP-1559.

I read that the reason for the large commissions is due to this bug
https://decrypt.co/79597/ethereum-blockchain-splits-software-bug-network
Ethereum Blockchain Splits as Software Bug Affects More Than Half the Network
"Despite a late fix to Ethereum client Geth on Tuesday, most users did not update to the latest version, causing a fork on the network."
But if you look at the blockchain explorer, then the problem has not been solved yet.

If you check any gas fees websites, there's still a high fee whether you are just depositing or transferring ETH or swapping any coin you will utilize. Most of the ERC-20 games that use many fees are unreasonably hard to play because it's going to eat a lot of your ETH. I hope they fix it because it's highly unreasonable to use ETH for transacting many transactions.

ETH's new development ETH 2.0 was launched long before EIP-1559. But did ETH 2.0 reduce Ethereum transaction fees? Ethereum network needs more new development because it could not. London hard fork is one of its result. But we can't call it a success so far.

If its empty means you can initiate a transaction with less fee and it will also get confirmed, no need to use high fee because others are using it and this fee hike simply due to the crypto users since they are keep moving due to the bullish trend and want their assets to be moved as soon as possible so they are spending more than what's actually needed.

I don't understand why you think btc correction has something to do with eth! i don't think that's very correct though, eth has been having high gas issue for quite sometime now, this is not btc fault, eth need to fix this problem because so many people are suffering this high gas fee, i can't seem to understand why till now they are not able to do something about this issue, soon people will stop buying eth base tokens if gas won't go down.

With more crypto success, base on ETH smart contract and ETH price increase. This going to be quite stagnant for ETH network and will be a burden for ETH users just to send a simple transaction. I fear ETH will lose its unity and usefulness if this keeps ongoing.

When this new hype on NFT gaming ends or it moves to another token then we are going to end up seeing the gas fee down once again.

Because of the initial DeFi stuff we have seen people use ETH a lot and the gas fee was a lot as well, then we have seen people move to mainly BSC and into some other stuff as well which dropped the ETH gas fee a lot once again, nowadays it is NFT Gaming that makes ETH gas fee high again, which we do not really have any alternative just yet, there are some others like poly and enjin that people use but it is not wide spread yet which it will be eventually because of high gas fee on ETH, in that case it will drop again. Whenever a new thing comes out, it is first ETH that gets hyped and gas fee becomes insanely high, then slowly people find alternative coins and build their projects there which makes it go down.

In this way, you think that gaz fees are not determined by the miners (which is actually the case) but by the users themselves, right?
Even if the users put a high gas fee to get their transactions confirmed asap, the miners will start accepting only transactions with the highest fee which will determine the average of fee. It's always recommended not to set the highest fee (if your client allows you to customize it) but the minimum possible which will determine the fee in a normal average. Use this tool to chose the right fee: https://ethgasstation.info/

This will not continue and the use of ETH will not decrease or lose, because basically ETH has undergone several developments and the problem of fees also changes frequently, so ETH users can still wait for low fees if they want to make simple transactions.

I think we need to wait for ETH 2.0 launched, so that gas fees from Ethereum are low, because currently Ethereum is still using a Proof of Work (PoW) system and when Ethereum already uses a Proof of Stake (PoS) system, then of course it will make gas fees from Etheruem become low.

transaction density on the Ethereum blockchain network is one of the main reasons, on the other hand when the price of ethereum increases it can also affect gas costs. plus many people make transactions on opensea related to NFT, since the NFT boom in the crypto market can also affect every transaction block which in the end becomes more expensive.

Did you pursue that transaction? paying $20 of fee just to transfer a $5 token.

I don't think that's even worth it. I'm also watching the fees and until now, I'm just waiting until it calms down and gives a lower fee. It doesn't matter how long I'm going to wait.

But right now, I don't like the high fees that have been there after the London hard fork.

I thought the high gas fees were caused by too many transactions happening at a particular time? if truly the fees are determined by the miners then it's obvious that the miners are greedy as hell, cause how can they be charging eth users $50 per transaction? that's stealing and it's wicked cause they are taking money from so many people just to enrich their own pocket, it's totally unfair I just hope Ethereum team fix this soon.

Yes we can see that the etherium gas fee has increased so much that people are currently failing to transfer any coins.I have pumped a lot of coins but I can't transfer my coins due to excess gas which is why I have completely failed and am just looking at the market.I want the Ethereum platform to be very popular if it wants to reduce the Ethereum transaction gas fee very quickly.

The reason for the spike in the gas fees for ETH in the past few days was some high profiled NFT drops that had an impact than the usual trading volume and many were facing issues and there was a sudden spike in transaction charges and then another reason could be the bug that was identified in Go Ethereum and there is a possibility of double spend and that might increase the gas price high.

I think what's happening on the eth high fees on gas, was due to increasing trend of its price. The more expensive the coin is, tx fee also matters in percentage. Most particular on tokens that needs eth gas for sending at trading sites, because erc20 platform tokens used eth as their fuel in order to be transferred successfully.

And currently the gas on Ethereum is very high if we look at the gas tracker on etherscan.
https://i.imgur.com/8SyqZDz.jpg

can the high transactions on NFT trigger gas on ethereum to be very high?

Looks like the fork alone didn’t work at all because the fees are still high.
Anyway, the demand for NFT is great and of course it can affect the fees for ETH as long as there’s a demand and we can still consider more things especially the traffic currently on ETH network. This is too buy if you have no choice but to pay the huge fees.

The fees are high and yet the price of ETH is on the red candles, something is wrong here for sure and hopefully can be address by the team as soon as possible though the fees are purely based on demand, I’m just wondering are they selling ETH for what? I can’t deal with that kind of fees I’d rather not push through and look for some alternatives.

I was thinking after London hardfork Ethereum gas fee will be reduced but I was wrong Ethereum gas fees is still increasing and dropping but not to that level where we can say it is feasible to afford. Eth dev needs to focus on this gas issue to sort out as I see now most of the new projects give priority to the BSC chain and it's not a good sign for ERC-20 on the other hand Ethereum is deflationary coin now demand will increase but they will lose small traders due to high gas fees.

Most people are moving to sidechains like Polygon and Aurora right now, gas fees are too high for anyone but whales on Ethereum.

They always say the same thing since long time ago but in reality until now they haven't kept their promise, then how long are we going to wait for this gas madness to end?

I guess yesterday it was an outlier. Just now I checked the Ethereum Gas Tracker, and for the low priority transactions the average fee stands at 49 gwei (around $3). But in the long term, it will just accelerate the move towards other alternatives, such as Cardano. The high fee level and the disappointing rollout of ETH 2.0 were the main reasons why Cardano went up by so much in the recent months. During the past 12 months, the exchange rate has gone up by more than 30 times, and among the top-10 coins only Dogecoin had a better return.

Eth has a strong use case ,  Ethereum is used in different applications like as  finance, web browsing, gaming, advertising, and many more . and we know a thing which have high demand ,  have high value ,  every one is worried due to high fees ,  many nft are missing due to this.

Currently, ETH gas fee is just like a curse for low traders. I have some tokens which I bought for $20 even though some have done 14x like UFO, I can't take profit because of the high gas  fee. I should have used $200, but I was not too sure of the project until recently. Well ETH has a low TPS of just 15, and thousands of traders are using the network same time putting pressure of the network. Thank God for offchain projects bringing defi to traders, it would have been a bad experience missing out from Defi due to ETH high gas fee.

this is the reason ethereum will not pass 5000usd in my own opinion. the fees is the problem behind the price movement. i think the possibility of seeing other smart contract platforms like matic, avalanche, solana passing ethereum is possible. if ethereum can rsolve the issue sourrunding the fees. the price will ove high and might surpass bitcoin. if only this can happen. even the current burning process could not safe the gass fees.

Aside from those transactions, there's that much transactions in NFTs too and those transactions are contributing to each other and making the fees high.
I'm waiting until when we see those very little fee for each transaction we do, whether erc20 or eth to eth transaction.

If people continue to spend eth for their transactions then I don't think this higher fees would go down, because as we can see now adoption for lots of erc20 project was consistently growing. NFT projects like crypto games begun to become so popular by now, and definitely players who earned tokens needs ethereum in order to transfer their asset at trading sites.

If you are just sending and receiving ethereum then you can take advantage of those cheap fees but if you are making use of a smart contract then it is likely that the fees are still going to be higher than that.

I know that for those that use ethereum this can be frustrating but since the NFT craze is still in place then I think it is natural the price you need to pay for the fees of those tokens is very high.

The NFT craze is doing nothing but keeping these gas fees near all-time highs. All the NFT exchanges are the ones with the most transactions lately and as long as these NFTs keep launching day after day and people are still trying to get rich off of them I doubt we see the gas prices come down anytime soon.

I think it's not growing substantially but the gas fee is not getting fixed after updated to 2.0 everything related to the gas price is still all the same with no change and because of that many people have decide to use alternative like Binance Smart Chain because ETH fee is very unbearable. Someone can send tokens and get their ETH drained or maybe they can't even pay for the gas fee because it's too mad.

Yes, that's the problem between us, when it has not yet created a consensus. Some people think it's too high, but others find that the price is actually very reasonable. Personally, I don't want to argue about this issue because I understand between words and actions or thoughts of people participating in this field are completely different, and sometimes we even create common thoughts and actions. 
After many years of research in this field I am quite confident what is happening with ETH, and of course it cannot please everyone, so let's just do what we think will be good for us. 

because the higher gas fee costs, the more ethereum gas fees will be one of the high costs, it will be one of the ethereum fees that is often used for cheaper costs, it can save costs faster as usual because of the decrease and increase making it easier for all of that to speed up transactions, current fees are also more expensive because the increase in ethereum makes fees a bit expensive.

It is actually funny. A lot of the Ethereum supporters were claiming that ETH 2.0 will result in lower transaction fee for Ethereum. And almost one year has passed since they started the implementation of ETH 2.0. Right now the transaction fee for ETH remains almost 20 times that of Bitcoin ($4 vs $0.20). I am actually surprised by the fact that a lot of the projects are still sticking with ETH, rather than migrating to the other (more technologically advanced) chains such as BSC or ADA. I guess they need a trigger to do that?

This happens all the time, since the ethereum network is very often clogged due to the fact that too many people use the ethereum network, and also when the growth of ethereum price and other cryptocurrencies that are created on the ethereum blockchain begins, at these moments the ethereum network receives a very huge load and because of this, transactions through the ethereum network become very expensive and therefore it is not worth making cryptocurrency transfers through the ethereum network when the ethereum network is very heavily congested and it is best to wait until the ethereum network will come back to normal condition.

So far, we cannot say what impact it will have on the community because we know that the transition to 2.0 is not complete. We had better wait for what might happen in the future. Those affected here by having very high fees per transaction are those who play NFT games. They can’t afford the pain every time they see big or expensive every transaction they make. Especially those who have only known crypto since the emergence of the new P2E trend.

They supported ETH, the upgrade and hoped that it will help gas price is more stable and cheaper. Finally, gas price is not stable and still expensive but now gas price is not an issue that constrain price of Ethereum.

This funny story is good for newbies to learn that reasons they think are reasons to help price rising or to dump price are not real reasons. There are other things behind that affect and manipulate the price.

Upgrades, forks, fud, news, they are not reasons. Price will rise or fall when times come.

I also thought why when the price of ETH is red the fees given are quite high and if on demand it means someone is pumping these fees, whether it's from a DEX exchange or staking ETH2, which makes the gas go up and their bets will earn a bigger profit. indeed for now it is better to look for other alternatives to reduce the cost of spending gas in ETH.

There's a time for it to calm down, I believe that it will come but not as soonest as we may think because there's still too much transactions that comes in and out.
Remember those times when cryptokitty hits and there were too many ICOs in the market, fees were high because of demand.

That trigger need to be big.In Ethereum and mostly in ERC20 tokens there are a lot of projects that have happened over time,some of them pretty successful and it is difficult to annex that.ADA is still relatively new and we have yet to see its potential in terms of projects built into that network just like the projects that were built on Ethereum network.Unless this happens forgot about any other trigger as it won't work at all against Ethereum.

The high fees are as a result of the fees being burnt because of the London hard fork,increased demand and increased activity on the Ethereum network.Let's hope the fees will go down eventually,we cannot do anything other than that as Ethereum is still the most profitable coin to mine right now and I think until it moves to PoS later after a couple of years.

We are witnessing the high fee levels ever since the end of 2020, much before the London hard fork was implemented. The user base is going up with every passing day, and that means that the transaction volume is unlikely to come down significantly in the future. Lack of scalability is the biggest issue, and I am not sure whether ETH 2.0 will be of any help. Bitcoin was also facing the same issue. But the BTC transaction fee has come down heavily, after a large part of the the transactions moved to the Lightning Network.

This just sums it up:

Didn't realized that they've been promising that since long ago. But I've seen those years when Ethereum has always been considered as the best alternative because of its cheap fee.
But now, the setting is different and they now like bitcoin while bitcoin, there's no problem about fees anymore.

I think the Eth Gas fee went up because it followed the selling value of the coin. the higher the price of Eth, the gas fee will also increase. However, my opinion is that Bitcoin affects the rise and fall of Eth, and if it is concluded that the possibility of rising Gas Fees is influenced by Bitcoin's rise.

The recent upgrade is just one of the steps to optimize costs and move ETH to POS in the future. The transaction fee auction mechanism is still the main mode of operation of the Ethereum network.
The reason for this blockchain's recent increase in transaction fees is due to the strong activity of the NFT exchange and DEFI projects on Ethereum.

I am also confused as to why the cost to send ethereum to indodax is very expensive, even though it was not as expensive as now. I understand that I have been on this forum for a long time so I don't know. And hopefully this will be fixed quickly so that we are comfortable in transacting.

I don't agree with that observation. The Ethereum Gas Tracker lists average fee for low priority transaction at 121 gwei, which translates to roughly $10. A couple of years ago, the same stood at 20-22 gwei. So in absolute terms, the fee increased by 5-10 times. And this was further amplified by the increase in exchange rates (ETH went up from $100 to $3,900 in the last 3 years). If the increase in exchange rate is the sole reason, then we should be paying similar fee with Bitcoin as well. But the BTC fee levels are extremely low now, with even transactions with fee of 1-2 Sat/Byte getting confirmed ($0.05-$0.10). 

Many Axie players that I have encountered with often complain of the high fees in the Ethereum network. That is preventing them from transferring their ETH to different platforms for the sole purpose of playing the game. I have not encountered people who stopped crypto altogether because they are discouraged by the high gas fees but I can imagine the people who supports many tokens in the ETH network slowly leaving the projects there because they can no longer afford paying the high fees.

The main reason why the gas fee in ethereum blockchain is so high is because of many people are using the blockchain and transacting on it that makes traffic in the network.

This is a nonsense which was disproven many times, most of the transactions are almost empty, many of them filled only to 4%. Please just read first page of this discusion thread.

Actually I am hating ETH. The fees killing everything. There is no usecase for normal ppl, because of this fees. It is not feasable to even purchase NFT for 50USD or like that when you will pay 100USD in fees. WTF? 100USD is few months salary in some parts of the World!
Or you can send parcel to the other side of the planet via UPS for that price.

ETH will be done if Vitalik will continue sleeping. Rise of the SOL / ADA will kill it ETH in near future...

I agree with you Permonik, for the reasons you stated I abandoned ETH... I have some passive income in ETH, it's the only Ethereum I will use to sell one day... but to use it daily like I used to never again! The same is for all tokens based on the Ethereum platform! And I am not seeing they are doing anything about it, many people don't complain... so it's better for me to quit and focus on some other coins than on f. Ethereum and high fees!

By the way, ADA is making good progress in the last few months, I am thinking to buy more, now or waiting for some drop I am not sure, I will see about that!

Gas fees blow up because of network congestion on ethereum network and with so much load up on transactions this certainly happened that's why developers should solve this because people already crying over these huge fees. Many projects already switched to other blockchain due to these problems for so long now and hopefully this will be gone soon for us to be more comfortable.

I guess the reason why the gas fee in the ethereum blockchain is really high its because of the bulk of crypto enthusiasts transacting in the network however I think Vitalik is really doing everything to make sure that this issue will be resolved.

This issue is actually a bit confusing. When looking at transaction fees, it is necessary to calculate via gwei. Currently, as gwei, the transaction fees are very high, you need to pay a fee of over 100 gwei to transfer.
When the network is not busy, this fee can be as low as 20-30. Always the same thing happens, if the network is busy, you have to pay a very high fee for what you want to send :)

Same here. i was hoping that after the london fork of ethereum, the solution to the eth high gas fees will be solved. unfortunately, this wasn't true. the high gas fees persist. i just did a transaction on ethereum yesterday and it cost me over 30usd of ethereum to get the withdrawal successful. i have decided to end all transaction on ethereum. untill a solution is found. if not. it is over for me and whatever i have there.

Not only that can affect the expensive Gas costs on the Ethereum blockchain, but a very basic influence is on the price of the Ethereum coin itself, because when making transactions, the Gas that must be provided is in the form of Ethereum, while the current Ethereum price is already very low high, in other words, the amount of several satoshi issued at the time of the transaction will look expensive in terms of dollars, even though the number of satoshi is also almost the same as in the past.