ETH high gas fee

[fahmimajannat]

I don’t know when it will come down. Its very high now days.
Nothing is clear at all when the eth 2.0 will come. When eth fees come down to its correct rate.
If this continues i dont think anyone would think of make a eth based token.
So i think i should be fixed as early as possible.
It's hampering most of us.

[mr.dash]

on uniswap a trade cost around $50 gas fee its crazy   

[Raflesia]

I don’t know when it will come down. Its very high now days.
Nothing is clear at all when the eth 2.0 will come. When eth fees come down to its correct rate.
If this continues i dont think anyone would think of make a eth based token.
So i think i should be fixed as early as possible.
It's hampering most of us.

When the price of ETH continues to rise then the gas costs are so high I don't know why this happened and why can't Vitalik overcome it?
To be honest, it is increasingly difficult for me to transact on the Ethereum network because the Gwei increases every day, in contrast to the base Binance chain or Tron, it is fast and the cost is very cheap.
Maybe this will trouble a lot of people in this case will the effect of this increase be as long as it is?

Look at the current gwei for $ 16

[Banprox]

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

This is so much unbearable. Damn bad. I think this need to be solved. This is not fairing. When someone send erc20 Bases token then the gass fee double than sending eth. Eth Price up then gas fee also up.

[Abiky]

It will  be lowered for sure, that's one of most important reasons why Eth is switching from PoW to PoS; more cheaper and faster transactions
And >10$ is only for basic eth transfer, which consume only small amount  of gas; for token transfer, or defi activities is much much higher!

Of course. Fees won't stay high forever in the ETH blockchain. Upcoming network upgrades should alleviate the situation in the long term. We just have to be patient until fees reduce by a large margin. Right now, "De-Fi" is not as economically viable as it used to be. There are other alternative smart contract platforms with their own "De-Fi" apps, but they're nowhere near as popular as Ethereum is. After all, most developers support ETH on top of any of its competitors. Even Polkadot's sudden rise, hasn't affected ETH's position on the market. Despite the high fees and slow transaction confirmation times, people admire ETH because of its decentralization and censorship-resistance. You don't get this with competing chains like TRON or EOS.

Nonetheless, the much-awaited PoS upgrade for ETH is near completion. Once ETH transitions into a full-fledged PoS coin, things will get better. Selecting a low fee when interacting with dApps or making a transaction seems to be the most viable solution in the short term. Always remember: "Patience is a virtue". Just my thoughts

[Ureung jameun]

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

Transaction fees are so high that many Ethereum wallet users have difficulty making transactions at this time. I myself also postponed transactions because of high transaction fees. I hope the ethereum platform makes the best changes to bring back its usual low transaction fees. because it is impossible for me to make some of my altcoin transactions in the ethereum wallet while the transaction fees are more than my current assets.

[Jamesdila1]

Trading volume is high, tether usage is increasing, defi is growing, and I guess lots of ponzis are going on too. Basically lots of stuff people are willing to pay high prices to use. Unless, the whole market collapses to new lows or people leave ethereum I dont really see these trends reversing anytime in the near future.

[cheezcarls]

The fees are so ridiculous right now, especially when we trade on Uniswap. On this DEX alone, there are two types of fees that we should pay (factory and gas fee) before successfully converting it to ETH or any other coin or token in the pairing. Not to mention, if the transaction fails, we are forced to set slippage to as much as 10% to 12% in order for the transaction to proceed.

ETH 2.0 could be the solution to this problem, but it won't happen until they've reached the goal for the number of ETHs to be staked, and we still have long ways to go.

[kokrokok]

We all will never know when gas fees will return to normal but usually cheap gas fees are when ethereum has undergone a correction and experienced a decline in prices but I don't want to expect that to happen, now what we need to hope to be able to fix the gas fee problem is the development of v2. 0

[Handsome Boy]

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

gas fees from Ethereum are still high until now and there is no solution for Ethereum to make gas fees become low, so I'm sure gas fees from Ethereum will remain high for the long term, but if many people started not using Ethereum blockchain anymore then gas fees from Ethereum will be low, but in my opinion it will be difficult to happen, because more than 50% of altcoin use smart contract on Ethereum, so Ethereum blockchain will be used forever by people to make transaction, therefore I think gas fees from Ethereum will continue to increase and become more expensive in the future.

[Kezacky]

Yes, This is one of the disadvantages when we experienced a bull run on every token. Not only ethereum is experiencing high fees like that, but also bitcoin. When the token's value rises up, the value also of the fees is rising up, which is not good for every investor and trader because if they want to take profit, whether they want to deposit or withdraw their funds, high fees are the ones that restrict them from doing that, if they are big trader or investor that might not be the problem but what if you are just a small trader. And I am a small trader, just watching the crazy eth gas costs

[Desscount]

Yes, This is one of the disadvantages when we experienced a bull run on every token. Not only ethereum is experiencing high fees like that, but also bitcoin. When the token's value rises up, the value also of the fees is rising up, which is not good for every investor and trader because if they want to take profit, whether they want to deposit or withdraw their funds, high fees are the ones that restrict them from doing that, if they are big trader or investor that might not be the problem but what if you are just a small trader. And I am a small trader, just watching the crazy eth gas costs

If you look at conditions like now, of course small traders are confused about what to do,
and maybe most like you can only watch it,
after all, we have to be patient because if we make hasty decisions we will likely lose ourselves

[FahriZah]

This franticness won't ever end until there will be another execution through forking ethereum chain to build the adaptability of ethereum.We have anticipated that this should be done through ethereum 2.0 and no doubt that looks so insane to pay a couple of dollars for a solitary exchange. The traffic was becoming so busy brought about by individuals were shorting ethereum market.

[ARTCOINSLV]

"ETH high gas fee"
Vitalik promised to make transaction fees low, but the opposite happened.
At the end of February, I will need to withdraw Dego tokens, but I do not have ETH, sadly.

[Abiky]

The fees are so ridiculous right now, especially when we trade on Uniswap. On this DEX alone, there are two types of fees that we should pay (factory and gas fee) before successfully converting it to ETH or any other coin or token in the pairing. Not to mention, if the transaction fails, we are forced to set slippage to as much as 10% to 12% in order for the transaction to proceed.

ETH 2.0 could be the solution to this problem, but it won't happen until they've reached the goal for the number of ETHs to be staked, and we still have long ways to go.

I know right? Fees are insane these days, as most people are joining the crypto/Blockchain train. Ethereum is extremely "clogged" right now with transactions it can't handle. If this keeps up, ETH's fees will be as high as Bitcoin's in the not-so-distant future. Fortunately, the ETH 2.0 upgrade is near completion. Once ETH fully migrates to PoS, high fees will no longer be an issue (at least in the short term). Only then, "De-Fi" will become great again. For now, we're going to have to pay low fees or wait until the "dust settles". There's too much hype surrounding crypto/Blockchain tech right now. As long as hype remains, fees will only go higher.

Nonetheless, there are far better alternatives to ETH which provide low fees and blazing-fast transaction confirmation times. They may not be as popular as Ethereum is, but they're an option for those looking to save money off fees. I've seen Binance Smart Chain and Polkadot rising in popularity over the past days. New dApps are being launched on these chains, aiming to take people's attention away from Ethereum. This will only bring competition in the long run, forcing Ethereum to stay ahead of the game by implementing network upgrades in the least time possible. At least, ETH fees won't stay high for long. Just my thoughts

[HaekalZ]

i think this problem will never finish until a new implementation through forking ETH,
We can expect this will finish through ethereum 2.0 and it looks so crazy to pay a few dollars for a single transaction (trx).
i really hope that this problem will solve sooner, because we can only gain a little, if the fee is too high, we cannot keep doing this if the gas fee keep so high.

[Cornia]

i think this problem will never finish until a new implementation through forking ETH,

Don't be discouraged. Even a few days ago, ethereum transaction fee was tolerable. But now it is no longer tolerable. Now $10-15 is required for a small transaction. And now it is impossible to do SWAP in decentralized exchange. Because it costs 60-70 usd transaction fee to swap $50. Any madman will do the transaction in this way. Now is the time to look for alternatives.

[VanDeinsberg12]

"ETH high gas fee"
Vitalik promised to make transaction fees low, but the opposite happened.
At the end of February, I will need to withdraw Dego tokens, but I do not have ETH, sadly.

The ETH 2.0 taking places gradually it's not like the upgrade will be done overnight but they have the solution to the fee increase for sure as such are sharding and side-chain as layer 1 and layer 2 but maybe will be fully implemented in the end of 2021.
Also, some people said to make ETH transaction when it's midnight in the US time because at that time fee decrease due to lower transactions in blockchian but idk whether that's true or not.

[adamvp]

Defi. Ethereum price increase. Dex trades with high transaction volume. These are the factors that make the current transaction fees on Ethereum quite high. we must be wiser before making transactions. I myself tried to calculate the transaction fee in my wallet for sending tokens. That's over 10 $ almost 10% of the estimated value of the asset I will send. of course this is very detrimental for users who make transactions in small amounts

Things changed so quickly as Ethereum gas cost skyrockets. Do you believe that yesterday I made erc20 token transactions with cost $20, this is ever highest fees I ever used. I think the present situation is extremely unfavorable for sending tokens and small users are passing a horrible situation.

20 usd is not so much, I had to pay over  40USD fee few times for token transactions.

Many projects are moving to Binance chain now (I think it is one of the reason of recent BNB price pump)

[Zeehaxan]

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

Yes the issue with gas and transaction costs is horrible but as we are in a bull trend most people are just buying/investing for holding to see multifold gains and profits so i think at this point not a lot of community is actively trading so most are not effected with high fee because they are just holding.