ETH high gas fee

[Falconer]

I was also surprised by the fees on the Uniswap exchange, because it was never low when the exchange was operating in the crypto space, now that the swap fees there are almost $ 80 in a single transaction, this is simply insane.

Gas fees have been low in the past few days, I have been doing uniswap trading with $20 + gas fees to sell tokens for under $100, gas fees were low for just a moment and have now increased again.

[1715082033]

1715082033

[1715082033]

1715082033

[1715082033]

1715082033

[1715082033]

1715082033

[Abiky]

Gas fees have been low in the past few days, I have been doing uniswap trading with $20 + gas fees to sell tokens for under $100, gas fees were low for just a moment and have now increased again.

You'd just need to pick the right moment to create an ETH transaction with the lowest fees possible. It's just like Bitcoin where fees decline at times when there's no network congestion. Anything above $20 is a high gas cost, in my own opinion. Until Ethereum addresses this issue, Binance Smart Chain (BNB) will remain as the preferred choice of traders and investors alike. What costs you "dollars" (USD) in Ethereum, costs you less than a penny in Binance Smart Chain. Who'd want to pay a ridiculously high fee each time to interact with a decentralized application? Only whales and rich people can afford paying a high fee, while the average person (like you and me) will be forced to look for other alternatives.

Nonetheless, it looks like high fees won't last forever. Many network upgrades (like EIP-1559, ETH 2.0, and Sharding) will make high gas fees a thing of the past. What's important is that Ethereum remains as decentralized and censorship-resistant as possible. Scaling Ethereum is good, but not necessary for the network to survive in the long term. As long as developers don't delay network upgrades, ETH will be on a path towards massive adoption like never before. Just my opinion

[iTradeChips]

Guys, you noticed how recently the gas price reached $ 100 when I wanted to make an exchange for Uniswap. Gwei 700 I was just shocked, even Berlin does not help with such a load.

My colleague tried putting his 90 dollar worth of ETH from one wallet to another but he was dismayed. Dismayed that the fee to transfer ETH to another wallet is near $30 dollars. He was not able to invest to a coin he had researched because of that and that actually drove him nuts. Some have commented here that ETH is not yet the investment that can be done by the masses. It will remain for me, a rich mans investment after Bitcoin. I guess he needs to find a cheaper coin that is not tied to ETH for the meantime.

[Pamadar]

I was also surprised by the fees on the Uniswap exchange, because it was never low when the exchange was operating in the crypto space, now that the swap fees there are almost $ 80 in a single transaction, this is simply insane.

Gas fees have been low in the past few days, I have been doing uniswap trading with $20 + gas fees to sell tokens for under $100, gas fees were low for just a moment and have now increased again.

$20 for selling tokens that under $100 still high though the post above you mentioned about $80 fees which is really huge.

The fees for a while went down but because the value of ETH increased the gas fee value also increase, still hoping that it will resolve and
we will see the fee will be more lesser than what we are paying now if we wanted to transact with out tokens, small time traders/ investors  are really affected by this.

[Ghondronk]

That's one of the main concerns related to ERC-20 tokens. If you have such tokens with a value less than 50 USD or may be 100 USD, sometimes it would be profitable to keep them without selling. The reason is the high gas fee which can be higher than the value of tokens to be traded. There were rumors saying the fees to be reduced but don't know when will that happen. As a result, nowadays, we see more transactions on BSC than ETH network.

[Atang Sulaeman]

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

[Taufik blackspade team]

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

maybe this is one of the problems when a coin becomes popular and its price goes up, attracting a lot of people to own it, so that the more transactions that are running on the ETH market, the number of transactions that accumulate makes higher fees for these transactions to be processed immediately. I hope this problem can be resolved soon by the ETH developers.

[TopTort777]

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

This is not maybe, that is how it works. The more popular Ethereum blockchain is, the more transactions people want to do, the bigger price for a transaction miner set. This is all about demand. And it is obvious that the more Ethereum cost, the more expensive transaction is.

Right now it is safe to make a transaction with 55-60 gwei. This morning users could pay <30 gwei for slow transaction. Slow does not mean you need to wait hours before transaction is confirmed. Sometimes slow is few minutes slower than a normal transaction.

[Vishnu.Reang]

it seems that the high price of gas is influenced by the high price of ETH,
maybe that's what I know,

So that means that if the Ethereum fees jump by 10 times, then we should also expect a 10x jump in Ethereum fees? High fee is also a problem with Bitcoin nowadays. But the advantage with Bitcoin is that the fee levels are very volatile. Once in a while, it jumps to extremely high levels, above 250 Sat/Byte. But within two weeks, the difficulty levels will adjust and the fee will come down to 2-3 Sat/Byte. The problem with Ethereum is that the fee level remains constantly high.

[deathcode]

The price of gas is so high that the common people began to call Ether, a coin for the rich. Much cheaper for TRC20 or BEP20. I do not understand why such a high cost and almost any amount.

now you can actually get transaction fees that are cheaper than a few weeks ago. it is not as cheap as the TRC and BSC, but we have seen how the ERC is also working on a solution.
ERC may indeed be a more expensive network than other blockchain networks. although the Ethereum 2.0 rollout will be completed I'm not sure the improved transaction costs can match TRC and BSC.

[Abiky]

This is not maybe, that is how it works. The more popular Ethereum blockchain is, the more transactions people want to do, the bigger price for a transaction miner set. This is all about demand. And it is obvious that the more Ethereum cost, the more expensive transaction is.

Right now it is safe to make a transaction with 55-60 gwei. This morning users could pay <30 gwei for slow transaction. Slow does not mean you need to wait hours before transaction is confirmed. Sometimes slow is few minutes slower than a normal transaction.

Exactly. The high demand for ETH, is causing network fees to soar like crazy. The ETH 2.0 upgrade won't solve the "high gas fee" issue if Ethereum continues to rise in popularity. Developers are going to need to continuously scale the Blockchain to keep up with demand in the mainstream world. And that could mean sacrificing decentralization for scalability.

Nonetheless, I'd be fine with high gas fees (but not too high) as long as Ethereum stays decentralized.  If I want lower fees, I'd simply look for an alternative blockchain network that would satisfy my needs. Binance Chain (BNB) seems to be a better choice for those who prefer blazing-fast transactions at a fraction of the cost. Time will tell us the fate of ETH as crypto/Blockchain tech grows in mainstream adoption at a very fast pace. Just my thoughts

[repear7]

Gas fee of eth reducing. At this session i face $300 fee on uniswap transaction. So i think present fees is ok of us. But it’s better for everyone if fees reduce more.

[ilovealtcoins]

Gas fee of eth reducing. At this session i face $300 fee on uniswap transaction. So i think present fees is ok of us. But it’s better for everyone if fees reduce more.

$300 per transaction? Is this really true because gas prices are low? Your $300 cost can be the transaction cost of this trading platform based on the volume you trade. Please double-check as the metamask wallet still frequently fails and causes transaction fees to increase unreasonably.

[BuNga_cute]

The price of gas is so high that the common people began to call Ether, a coin for the rich. Much cheaper for TRC20 or BEP20. I do not understand why such a high cost and almost any amount.

now you can actually get transaction fees that are cheaper than a few weeks ago. it is not as cheap as the TRC and BSC, but we have seen how the ERC is also working on a solution.
ERC may indeed be a more expensive network than other blockchain networks. although the Ethereum 2.0 rollout will be completed I'm not sure the improved transaction costs can match TRC and BSC.

I think it's useless that Ethereum has cheaper transaction fees than it was a few weeks ago. But when compared to TRC and BSC it is still more
expensive, crypto users definitely prefer the cheapest. Therefore, like it or not, Ethereum has to find a solution, so that Ethereum transaction fees
are at least not much different from TRC or BSC. But according to the rumors I heard after the Ethereum 2.0 release, the high transaction fees
could be resolved. Hopefully the rumors are true, otherwise Ethereum will be abandoned by its users if the transaction costs do not go down to match
the TRC and BSC fees.

[slaman29]

I think it's useless that Ethereum has cheaper transaction fees than it was a few weeks ago. But when compared to TRC and BSC it is still more
expensive, crypto users definitely prefer the cheapest. Therefore, like it or not, Ethereum has to find a solution, so that Ethereum transaction fees
are at least not much different from TRC or BSC. But according to the rumors I heard after the Ethereum 2.0 release, the high transaction fees
could be resolved. Hopefully the rumors are true, otherwise Ethereum will be abandoned by its users if the transaction costs do not go down to match
the TRC and BSC fees.

Because these are degens doing defi, they need to do 100 transactions a day so of course they want cheapest. But one day when they want a secure platform and stable network that is decentralized so it doesn't control all the Dapp decisions they have and make, then maybe they'll start to realize nothing comes close to Ethereum yet.

[wytwyt01]

Developers should choice Binance Smart Chain instead of Ethereum Chain

[bison]

Developers should choice Binance Smart Chain instead of Ethereum Chain

It can't be that easy mate, like you forced someone who doesn't like white to wear white. This is indeed a problem that must be resolved quickly because the high costs are very burdening the investors, indeed BSc is currently cheaper in terms of transaction costs, perhaps because the value and density of transactions are less than the density and price of ETH.

[KevinBakor]

I love BSC

[Review Master]

Gas fee of eth reducing. At this session i face $300 fee on uniswap transaction. So i think present fees is ok of us. But it’s better for everyone if fees reduce more.

Sorry to disappoint you, but reducing of eth gas price is just temporary because market was on correction and every projects which was going to do IDO, postponed their date and that's why we are getting lower gas price. But it'll again skyrocket whenever those projects will be doing IDOs like previous months. TBH, we need to wait until London Hardfork to get/see a permanent solution of it.

[newdevices]

for now the Ethereum fees are under control, only around $ 2- $ 5 if you want to send tokens or Ethereum,
yes this time it's much cheaper, because some time ago fees were very expensive, just sending ERC20 tokens would have to cost more than $ 20,
of course this infuriated all users and as a result many moved from Ethereum to the Binance Smart Chain, hopefully Q3-Q4 there will be good news