Ethereum's GAS increase.

[Yaunfitda]

I just checked Ethereum network gas 15 Gwei now. I did a transaction on this network last Friday. At that time the Ethereum network gas was 9 Gwei. I did a transaction a few days ago when the gas was 6 Gwei. I have not seen gas 72 Gwei of this network recently. But if the gas increased for some reason, I don't think it stayed long.

You just have to timing it when you transact with ETH network as the fees continues to become more volatile as well and that is for some reason. ETH network still one of the most expensive network to transact with, so make sure to double check the fees first before you approve the transaction to avoid a higher cost when you transact, probably the traffic increases and that is why the network feed increases.

This is not new anymore and ETH can’t make any solution to address this issue and I think we have to deal with that higher fees not until ETH develop something new to make it cheaper again. There are cases before where the transacted amount is just a small one and yet they paid a huge fees for that transaction so I agree that you should double check it before you proceed. After all the updates with ETH, they can’t still meet the expectation of many which is to have a cheaper fee and a faster transaction, let’s see how the fees affect the ETH itself.

True, this has been ongoing for years now, that ETH gas fees is increasing to the point that everyone is screaming that they should do something about it. But I guess moving to Pos didn't help a bit as well, on the contrary it just balloon the gas fees even higher than expected.

So just imagine what will be the look during the bull run as for sure the fees might double that everyone will have to find a way to swap their ETH just to get over this high fees. And it might have a dire effect as well to ETH itself. All we can do is hope that something can be done before the next bull run.

[JeffBrad12]

Fees may vary depending on the network's situation and it certainly goes high when there is a huge number of transactions. But never think it stays high for long as it drops again. Like in Bitcoin's transaction fees, there is a time that is also high and that is not a worrying part. I don't think it was hard to become patient and wait for the gas fee to drop but if you are badly needed for it, then make no choice but to pay the gas fee.

Well, the Ethereum gas fee has already been high for several years already. Unlike before, we can just pay $1 but these days, $10 is quite normal.

it depends on whether there are many transactions or not, nowadays, the fact that NFT has already faded in term of popularity really make the fee becomes normal again, back then it was NFT that dominates the gas guzzler that causes the transaction fee to increase as well as those airdrops.
right now i rarely see opensea and the likes become number 1 gas guzzler because they starting become irrelevant.
I think ethereum fee nowadays is bearable unlike few months back where it could even reached $60 for just bridging asset to L2.

[lalabotax]

So, there was news recently about the rise in Ethereum's Gas rising to 72 GWEI on the 26th of September, 2023, and I decided to research it.

Seriously how tall is this? Or maybe because you are transferring ETH or ERC20 tokens or NFTs with a high value, so you also need a high Gwei too. Currently, the average gwei is still below 10. Or maybe at that time transactions were also high so there was an increase. Since then, Ethereum gas is still very volatile and can rise high depending on current transaction conditions. especially during the bullish era, usually even hundreds of tokens are needed to transfer Ethereum or erc20 tokens, the nominal value of which is only a small amount. Because that is one of the weaknesses of the Ethereum network, which is exploited by other competitors by providing smaller and cheaper transaction fees, with speeds that are not much different, even the same. Like BSC, Polygon, Solana and others.

[shinratensei_]

So, there was news recently about the rise in Ethereum's Gas rising to 72 GWEI on the 26th of September, 2023, and I decided to research it.

Seriously how tall is this? Or maybe because you are transferring ETH or ERC20 tokens or NFTs with a high value, so you also need a high Gwei too. Currently, the average gwei is still below 10. Or maybe at that time transactions were also high so there was an increase. Since then, Ethereum gas is still very volatile and can rise high depending on current transaction conditions. especially during the bullish era, usually even hundreds of tokens are needed to transfer Ethereum or erc20 tokens, the nominal value of which is only a small amount. Because that is one of the weaknesses of the Ethereum network, which is exploited by other competitors by providing smaller and cheaper transaction fees, with speeds that are not much different, even the same. Like BSC, Polygon, Solana and others.

thats quite high gwei required actually, even 35 gwei is already costing so much money with current value of ethereum quite literally that'd be massive waste of money.
its always the thing with making transaction inside ethereum blockchain we need to be careful not to just clicking without thinking with the transaction because sometime the gwei can spike very suddenly due to some events
like altcoin project having their airdrop claiming or some sort.

its truly the reason why so many people complained about the gas fee in ethereum, though right now in bearish ethereum has gotten better in term of gas.
its already considered affordable for majority with current nominal thats below 5 gwei sometimes.