ETH high gas fee

[disconnectme]

Ethereum high price is crazy but in a bull market becasue everyone is making money, nobody do really care but any project that wants real adoption its need to look for ways to reduce this transaction fees. This year we are likely going to see a lot of second layer solution come up, the ones we have now developers seems not to be warmed up to them, when optimistic come out, I will like to see how it helps in this regard

[judeafante]

Yes, even last night I saw Gwei on the Ethereum platform exceeding 151Gwei, so that it prevented me from making transactions, but in the morning I also saw a slight decrease in this Gwei case which is not much different as before, just this I think will return to normal as it had in the past year, so just be patient.

I did three transactions this week, I am not in a hurry, I wait for the transaction to go down, it will eventually go down, if you are not in a hurry to send it will eventually go down, just check from time to time, it's very disadvantageous if you are in a hurry and you have no choice but to send, you will have to send higher than what you can allocate.

[Novatech8]

To send Ethereum from a wallet to another costs 2$ for mid speed today but that's not my main headache here, sending tokens from Ethereum to another is where the real pain lies, it costs up to 10$ to send ERC20 tokens from one wallet to another, like WTF? Now Ethereum is still aiming for 1200$ I'm wondering what the gas fee will be like when it reach a new ATH

[mamesso]

This is the reason most new coins use the Binance Smart Chain (BSC) platform, because the process of sending tokens is fast and the transfer fee is also much cheaper than the current ethereum platform fee. I can't say BSC will replace Ethereum's place, but in a fact high gas fees make most people complain when making transactions.

[MCobian]

I also feel stressed and sad about this high gas fee Ethereum, why Ethereum developers don't solve this problem quickly. If this is the case,
many people will look for other alternatives, such as TRX and Binance platforms that send tokens faster and cheaper. Especially now that
the price of Ethereum continues to rise, I believe that in the near future Ethereum will return to its all time high price. And I can't imagine
that the gas fee will go up again. I am quite annoyed with the problem of ETH gas fee, which has not had a solution for a long time.

[Rabi3]

This is the reason most new coins use the Binance Smart Chain (BSC) platform, because the process of sending tokens is fast and the transfer fee is also much cheaper than the current ethereum platform fee. I can't say BSC will replace Ethereum's place, but in a fact high gas fees make most people complain when making transactions.

It is possible that the current trend will be replaced by the BSC. I tried the BSC yesterday when selling TWT tokens and the cost is only around 0.001 BNB, of course it's very cheap and easy to make transactions there.

BSC is a good choice to make transactions there, but you can't use it everywhere, ethereum fees are going up these days, it's so stupid if someone wants to send 10$ to another address and fees are like four to five dollars, it's so stupid.

[kapalmabur]

This is why I am lazy to use ethereum for transactions, for some reason they don't solve this problem,
even though the price of Ethereum goes up to $ 1000 and if Gwei is expensive then everyone will also avoid using ethereum

[sayaya17]

This is why I am lazy to use ethereum for transactions, for some reason they don't solve this problem,
even though the price of Ethereum goes up to $ 1000 and if Gwei is expensive then everyone will also avoid using ethereum

Yeah, this is a long-time problem, for that people often complain about this. But ethereum is still the dream for new projects to use
smart ethereum contracts.  So  by  being  forced  when we  are going  to send  tokens to  the exchange,  we still  have  to give  up
this expensive ethereum gas fee. In this case, TRON is very cheap for shipping transaction costs.

[kawetsriyanto]

Dunno, mate. I also hope the ETH gas fee can be decreased. The current gas fees are very annoying. I even often wait for a long time to see the gas fees back to a bit lower again. If this continues, we may miss many chances to take profits once our crypto assets are in the bullish trend. According to my experience, the gas fee is just decreasing once the price of crypto coins is already in the correction phase.

[mamesso]

It is possible that the current trend will be replaced by the BSC. I tried the BSC yesterday when selling TWT tokens and the cost is only around 0.001 BNB, of course it's very cheap and easy to make transactions there.

BSC It took time to shift ETH position, because Ethereum is more decentralized, while the weakness of BSC is in the control side that Binance still holds.  If the adoption of Binance Smart Chain (BSC) is more developed than ETH, BSC will be very easy to shift the smart contract ETH.  Moreover, the cost of BSC gas is cheaper than ETH, of course people will choose the BSC to make transactions.

[Dhoe]

I think not have chance to see eth gas down and take few eth as fees for sending coin, maybe after ETH upgrade become 2.0 fees payment will reduce but looks always high day by day and we need pay more than eth gas when transaction. After UNISWAP as exchange platform use eth gas transaction popular we never get eth gas down lower 20 gwei, last day up more than 400 gwei and take $15 if wanna success sending coin few minutes.

[Digital_Lord]

This is why I am lazy to use ethereum for transactions, for some reason they don't solve this problem,
even though the price of Ethereum goes up to $ 1000 and if Gwei is expensive then everyone will also avoid using ethereum

they are trying to fix the problem but it's not that easy. there are thousands of ethereum tokens which are playing a huge role in this high fee. ethereum's fee itself is not that high but when you send a token you'll have to pay way higher fee then ethereum.

I think not have chance to see eth gas down and take few eth as fees for sending coin, maybe after ETH upgrade become 2.0 fees payment will reduce but looks always high day by day and we need pay more than eth gas when transaction. After UNISWAP as exchange platform use eth gas transaction popular we never get eth gas down lower 20 gwei, last day up more than 400 gwei and take $15 if wanna success sending coin few minutes.

I don't know if 2.0 upgrade would help in this. because all the tokens and smart contracts would still be there which are the main reason of eth gase price. as you said all this madness started after uniswap and you know what happened after uniswap. I am talking about Defi. this defi madness putting a huge load on ethereum blockchain.

[bakasabo]

I think not have chance to see eth gas down and take few eth as fees for sending coin, maybe after ETH upgrade become 2.0 fees payment will reduce but looks always high day by day and we need pay more than eth gas when transaction. After UNISWAP as exchange platform use eth gas transaction popular we never get eth gas down lower 20 gwei, last day up more than 400 gwei and take $15 if wanna success sending coin few minutes.

I think we just need to wait and catch low gwei periods. Yesterday morning I was shocked to see 500 gwei fee for a normal transaction. Few hours later I saw 140, but when I decided to make a transaction, fees went up again. I've waited till night and sent transaction with 110 gwei.
Not it is 91 gwei, but when I started to write this post it was 86. Miracle. I think if you want to make transaction cheap nowadays - wait till night.

[Psynthax]

High gas fee will kill you if you only have small amount of tokens especially if the tokens are only cost a small value in dollar,

you need to pay more than the amount that you are expecting to exchange the coins, you'll need to wait till the fees went down,

unless you are willing to sell it out for nothing.

True, the fee by using eth just doesnt cut it, its definitely unfair for those with relatively small amount of money and when it comes to using decentralized exchange, there's just too much hassle we need to go through and that spell a lot more smart contract execution which equals to a lot more money being wasted just for "transportation" it's really irritating. They said ETH 2.0 sharding will take effect but man if it's already taking some effect then its as good as without it.

[Btra]

This is natural that ETH gas price will increase when the price of the Ethereum grow. But, alternatively, you can say that the increase of the GAS price is ultimately driving the ETH price. The lower the gas price down the ETH price again the higher the gas price the increase in ETH price.

[mamesso]

Even yesterday the gas fee had reached 300 gwei and it was very expensive. Maybe for some whales it will not be a problem but for small traders it is a problem, they cannot sell tokens because the costs are high and of course the tokens they sell may be only a little, to cover the costs it is less.

I agree with you, Ethereum's high gas costs will always be a problem, especially for small traders, they have to think twice about making transactions there. If the Binance Smart Chain (BSC) is able to gain greater community and developer support, it will be very easy for BSC to shift ETH smart contracts.

[MishaSER]

When will this madness end?
Who is willing to pay such amounts for a transaction?

Looks like the high fee problem is here to stay atleast and untill phase 1 of ETH 2.0 goes live because then the transactions are expected to be using the new upgraded eth 2.0 network which will be much more efficient than the current one. Anyways till then we should just relax sit back and watch ETH to moon

Are you hoping that when Ethereum 2.0 is released, the gas price will stabilize? I think this will not solve the problem with high gas prices. Maybe I'm wrong, correct if I'm wrong.

[MishaSER]

Guys, why is my transaction not working, more time has passed than indicated. This system will bring me to a heart attack why it is so unstable.

[TofuDefi]

It is possible that the current trend will be replaced by the BSC. I tried the BSC yesterday when selling TWT tokens and the cost is only around 0.001 BNB, of course it's very cheap and easy to make transactions there.

BSC It took time to shift ETH position, because Ethereum is more decentralized, while the weakness of BSC is in the control side that Binance still holds.  If the adoption of Binance Smart Chain (BSC) is more developed than ETH, BSC will be very easy to shift the smart contract ETH.  Moreover, the cost of BSC gas is cheaper than ETH, of course people will choose the BSC to make transactions.

Even though the ETH network is more decentralized, when you see the very expensive gas costs, of course everyone will be annoyed and angry when they want to make transactions. So the only solution at this time is a BSC network that is cheap and new, but still from BSC it will carry out a comprehensive development so that all can reach the wider community. Of course it will attract various new projects that want to create tokens on the network.

TRON is also cheap and less centralized than BSC.

[Abiky]

I think we just need to wait and catch low gwei periods. Yesterday morning I was shocked to see 500 gwei fee for a normal transaction. Few hours later I saw 140, but when I decided to make a transaction, fees went up again. I've waited till night and sent transaction with 110 gwei.
Not it is 91 gwei, but when I started to write this post it was 86. Miracle. I think if you want to make transaction cheap nowadays - wait till night.

It's best to wait it out instead of paying a ridiculously high fee that would "break the bank". Of course, paying a low fee will make your transaction confirm slower than usual. But you'll get what you pay for. I usually send an ETH transaction with a 85 gwei fee and wait until it confirms the next day. Depending on network conditions, the transaction can take more than 1 day to become confirmed by miners on the Blockchain. With the new ETH 2.0 upgrade in the works, high fees will no longer become an issue on the Blockchain. People will be able to interact with ERC-20 tokens and smart contracts the way they did before ETH went mainstream. But it'll take quite some time before it materializes as ETH slowly scales for the world with new development efforts by the team. Sharding, PoS, and Second-Layer scalability solutions will make Ethereum great again.

Nonetheless, I believe that high fees shouldn't be a reason to worry. This helps makes the network more secure and decentralized. Just like it's the case with Bitcoin, high fees prevent transaction spamming and many other network interruptions. I'm sure that dApp developers will soon make use of second-layer scalability solutions like OMG Network and ZkSync in order to reduce the burden on the main ETH blockchain. The ETH 2.0 upgrade will make things better, as it improves network performance. While we wait for ETH to fully switch to PoS, we can enjoy near-instant transactions and low fees using one of the aforementioned second-layer scalability solutions. It shouldn't be long enough before high fees and slow transaction confirmations times will become a thing of the past. Just my thoughts