ETH/ERC20 - Check and select good Gas price

[AakZaki]

~snip~
Will we see days with Gas price is about 21 Gwei in next few weeks? I don't know but now you can enjoy one of good gas price back in later weeks.

Last time I tried to move my tokenin frokdelta last week, the gas price hit 15 $ im use metamask. It was busy when it came to swaps in the defi protocol. That's a very expensive price. Lucky, My Eth balance is only a litle and I chose the lowest price and I just checked the success after a few days pending. Will this last forever? It would be sad if it continued.

[libert19]

~snip~
Will we see days with Gas price is about 21 Gwei in next few weeks? I don't know but now you can enjoy one of good gas price back in later weeks.

Last time I tried to move my tokenin frokdelta last week, the gas price hit 15 $ im use metamask. It was busy when it came to swaps in the defi protocol. That's a very expensive price. Lucky, My Eth balance is only a litle and I chose the lowest price and I just checked the success after a few days pending. Will this last forever? It would be sad if it continued.

Depends on the network load really, past few days are somewhat decent usually it was 100+ gwei plus don't go with wallets recommended gas price, it will be faster but will burn a whole in your pocket. Even if I go with lowest I get trxn confirmed within an half hour, unless it's really urgent I don't mind it.

[Bitcoin_Arena]

Last time I tried to move my tokenin frokdelta last week, the gas price hit 15 $ im use metamask. It was busy when it came to swaps in the defi protocol. That's a very expensive price. Lucky, My Eth balance is only a litle and I chose the lowest price and I just checked the success after a few days pending. Will this last forever? It would be sad if it continued.

Surely the current situation and fees we have to pay to move ERC20 tokens suck but this ultimately won't last forever once we switch to ETH 2.0 especially for a beginning.

To be honest I even stopped using the Ethereum network a couple of months ago until things get back to normal.

[OcTradism]

Surely the current situation and fees we have to pay to move ERC20 tokens suck but this ultimately won't last forever once we switch to ETH 2.0 especially for a beginning.

To be honest I even stopped using the Ethereum network a couple of months ago until things get back to normal.

The crazy period on ETH network this year is far away, fee is on the way down to 37 Gwei today ETH Gas Station's Tx Calculator. It is more than 2-fold higher than the fee in early of this year but it is good after 2 months.

I think you can return to use ETH next one to four weeks when DeFi projects won't have big demands from community.

How DeFi is Driving The Spike in Ethereum's Gas Price. Charts highlight DeFi effects very good.

[Smartvirus]

Having a your transaction stuck as pending could be very disturbing, resulting in cancelation and replacing of transactions at different gas prices or your careful observation on the progress with no definite time frame as you remain unsure of when the transaction would be a success as the system works bases on how congested it is with preference to gas price.

That's why I see this post though not as a perfect solution but, it surely does nail and gives you an idea on how to choose your gas price and an estimation period for transaction success. It's quite a mind elsing post which would save you time and data if applied.

[Luzin]

That's why I see this post though not as a perfect solution but, it surely does nail and gives you an idea on how to choose your gas price and an estimation period for transaction success. It's quite a mind elsing post which would save you time and data if applied.

My experience with ETH GAS. I am trying to exchange one of my tokens. At that time, gas prices would be around 43 Gwei at the latest. My first experiment was using a Web Browser to connect with Metamask. I chose to use Supreme Gas. I was hoping it would be quick but it isn't. Finally, I installed Trustwallet and swapped here. Surprisingly, with the smallest cost, the time difference is not long with the first try, the process is faster. My exchange was successful. I don't know exactly why the case is like this.
My conclusion for a while is that if you want to make transactions (swap, send) it is more effective to use a wallet application. I don't know if Metamask is any different. Second, choose a time when the network is quiet, for example in the morning or when people are resting this will affect costs.

[OcTradism]

With 16 Gwei, you can have average transactions on ERC20 chain. It is very good rate and you can say thanks to DeFi tokens. They have gone and their effects on fees have been blown away too.

https://ethgasstation.info/calculatorTxV.php

You can check the fee from another site and on which you can get the chart for Pending transaction against fee https://www.gasnow.org/

11 Gwei to 16 Gwei can be used to save your fees on ERC20 chain.

[OcTradism]

Back to the Tx Calculator. By default, the Average fee will be chosen but you can modify it (on available fees or customize it further with Other option, then manually type Gwei you want)

After almost one year, the Gas price on Ethereum network was pulled back to where it began a crazy rise.

According to GasNow's Gas Price Forecast, you can have a Fast transaction with rate for Gas Price at 20 Gwei, Low at 18 Gwei, Fast at 22 Gwei and Rapid at 26 Gwei.

It is a very good time to move your ETH or ERC-20 tokens if you have them and plan to sell them on exchanges or swap on DeFi platforms.