Ethereum fees are crazy...

[jostorres]

Do we know if there is anything that could be done about this? I mean surely there must be but I just don't know about it at all, do you guys know? It sounds like people are too much hyped about all the defi stuff these days and eth blockchain is clogged beyond recognition right now, it is getting to an absurd levels of funny fee's at this moment.

I remember the cryptokitties period and how it was clogged there as well but nowadays we are ready for something like that again, but this is muuuuuch bigger so it wasn't ready for something like this. Same with bitcoin for example, during 2017 peak times transactions peaked as well, if we have the same transactions things would be cheap but we have even more nowadays. So what is the solution to make them cheaper and faster again?

[lousie9]

I think the high cost of ethereum gas has something to do with Defi, see for yourself that most of the Ethereum users make transactions on the UNISWAP platform and keep the network busy. If I'm not mistaken, this problem happened in 2017, when there was a project hype and it had an impact on Ethereum's gas costs.

[peterpanda]

Really it is painful situation. Ethereum fees is so high and personally I'm unable to send lower transaction only because of gas fees. Hopefully it will fix very soon.

[ije07]

Ethereum fees are getting crazy due to the hype defi, especially after yesterday's unexpected incident about the UNI airdrop which made Ethereum's fees even more expensive. on the one hand it seems to have something to do with Ethereum 2.0. maybe after ethereum 2.0 at the release of ethereum costs start to return to normal.

[ven7net]

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...

Unfortunately, this problem will manifest itself whenever the Ethereum network is under heavy load. The solution to this problem will be the transition of Ethereum to the 2.0 platform, but now the DeFi platform Uniswap is affecting high fees. It's hard to say how long this will last, but we need to hold on and believe in the best. Try to make an exchange when the gas price is minimal, usually at night, when some of the users are asleep.

[Febo]

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...

Fees dont depend on valets fees depend on a chain you are using. I would assume you are talking about Ethereum asset platform. Here you can see an average fee each day. So you see they change https://ycharts.com/indicators/ethereum_average_transaction_fee

[sallasvve]

Sorry if this not the proper place to post this and sorry if i feel little mad about it, but ALMOST all wallets ask for crazy ETH fees that are hard to cover, any hope that in  a near future can be lowered?...

If you do not have enough money in your wallet for commission you can try to send a transaction on a weekend at night, usually at this time traders rest and the cost of gas in the Ethereum network is significantly reduced.

[landoffaucets]

It is a good indicator that Ethereum becomes really used and worthy, but on the other hand, it shows that currently, Ethereum is not suitable for massive adoption, it can´t process the pressure and the number of transactions, that lead into higher fees and slower transactions.

[Miaallen]

That is the problem we face during the bull run. One of the stated advantages of adopting cryptocurrency as a means of payment is very fee of transaction but it doesn't seem to be so when we're in this type of period.

[minatour]

This is the current problem, doing transactions with high fee is not helping traders, spending close to $50 daily only on transaction fee don't worth it atall, this can only change if eth falls back to $150-$200 which I don't see coming anytime soon.

[Danslip]

This is the current problem, doing transactions with high fee is not helping traders, spending close to $50 daily only on transaction fee don't worth it atall, this can only change if eth falls back to $150-$200 which I don't see coming anytime soon.

The high gas transaction fee is the result of network congestion and the traders also hesitate to send a transaction with a high fee or not. The fee doesn't worth paying big amounts over $10, especially in decentralized exchanges that run on P2P trades. The traders should prefer to use centralized exchanges and avoid paying the high network fees in the ETH network. Checking the GAS comparisons websites will give an idea when to send the transaction but it will cost higher than normal day. ETH 2.0 should solve these mentioned problems,  I hope it will get fully released by ETH developers soon.

[Kgn78692]

That's absolutely true nowadays ethereum gas fees are skyrocketing but no need to worry because this problem is temporary I guess we are facing this problem because nowadays there is a lots of craze of decentralised finance (defi) but I think after some months this craze will be gone and ethereum will charge low gas fee which is normally used to be

[Krislaw]

Small traders are surely suffering ETH straight up robbing our profits, even if you choose a time that the network is not loaded it's still inconsiderable we don't even know when these high fees will end but Ethereum needs to fix their fees or release Ethereum 2.0 faster.

[lepbagong]

I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.

wow this is certainly bad news if it comes to a transaction of that size, because I see it seems that every large transaction will be quite large. but a few ago I have tried it looks like there has been an improvement even though it is not optimal.
I tried a transaction fee of 16ETH which was charged for a fast $ 3.66 and much compared to yours. sad to see this reality ...
but if your incident with such a value is very fantastic and this is strange.

[wywoc]

I lost around 0.12ETH yesterday (nearly 50$) for just 2 transactions, and 10 minutes to receive that Tx. What a ridiculous fee. If they can't change, soon they will lost the users to new platform with cheap fee and fast transaction like Serum recently.

wow this is certainly bad news if it comes to a transaction of that size, because I see it seems that every large transaction will be quite large. but a few ago I have tried it looks like there has been an improvement even though it is not optimal.
I tried a transaction fee of 16ETH which was charged for a fast $ 3.66 and much compared to yours. sad to see this reality ...
but if your incident with such a value is very fantastic and this is strange.

If you don't know, token transaction fee is much expensive compare to ETH transaction fee. You need to set gwei at >500 and 100000 gas to send a token, and also, $3.6 like you for a single tx still too much when you use another platform like Serum or Tronx.

[rahmathidayat93]

Really it is painful situation. Ethereum fees is so high and personally I'm unable to send lower transaction only because of gas fees. Hopefully it will fix very soon.

Everyone hopes that the very expensive gas costs on the Ethereum platform at this time will be immediately fixed by ethereum, only until now this has not been done by ethereum, this is evident from the cost of gas which is still expensive to date.

[crzy]

Really it is painful situation. Ethereum fees is so high and personally I'm unable to send lower transaction only because of gas fees. Hopefully it will fix very soon.

Everyone hopes that the very expensive gas costs on the Ethereum platform at this time will be immediately fixed by ethereum, only until now this has not been done by ethereum, this is evident from the cost of gas which is still expensive to date.

ETH might have no control over the gas fees and maybe that’s why we are still experiencing an expensive way to transact under the ETH platform. This should be solved because I can’t sell my token due to a higher gas requirements, kidding aside the fees is not a joke at all. This market offers a faster transaction at a minimal fee, I hope ETH team knows this one.

[Mame89]

This high Ethereum cost will probably continue as long as this defi trend lasts, is it okay for us to accept this situation, hopefully the team will think about this soon or at least in version 2.0 later the transaction costs will be lower and the speed will be even more maximal so that eth remains in second position after btc.

[Aqcizromencez]

since ethereum fees have gone crazy i have stopped trading and sending tokens, and there's not much I do except wait for costs to drop. until now I have not seen transaction costs decrease. Hopefully the team will quickly solve this problem.

[Vishnu.Reang]

ETH might have no control over the gas fees and maybe that’s why we are still experiencing an expensive way to transact under the ETH platform. This should be solved because I can’t sell my token due to a higher gas requirements, kidding aside the fees is not a joke at all. This market offers a faster transaction at a minimal fee, I hope ETH team knows this one.

The team is after temporary quick-fixes rather than attempting to find a long-lasting solution. This is what is happening with Bitcoin as well. Temporary solutions such as SegWit and Lightning hasn't helped in rolling out a permanent solution. The transaction fee still remains high and it is having a huge impact in the adoption and acceptability of cryptocurrency in the mainstream market.