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Author Topic: too much gas on uniswap  (Read 155 times)
cryptoaddictchie
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February 03, 2021, 04:44:30 AM
 #21

Quote from: MishaSER link=topic=5313564.msg56252582#msg56252582
They had 3 years to figure out how to improve the network, don't they see that the commissions are gigantic. Do they even know about this problem and do they use their system?
Ofcourse they are seeing the high fee. But they are the highest network being utilized and used. Its not that they can't find a way to fix this. Of course they have solution and it will be done as time progress. They are using proof of Pow and still there are miners who are benefiting from this. If you can't take the fee then used Binance smart chain much lower fee. Surely eth will come up with a perfect gauge for this in the future.

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carlfebz2
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February 03, 2021, 10:59:31 PM
 #22

10$ is too much for a lot of Ethereum users, for me, Uniswap is almost useless, no solution is provided yet, people are getting tired of it, we don't know what the future have for us.
Yesterday and today was even crazier Approved payment fees and swap payment fees on the Uniswap exchange, generally almost $ 35 in a single transaction, obviously it is very hard for everyone including people who have lots of money, because it doesn't make sense.

If you do just simply focus on Bitcoin or ETH then you would  really be fucked up by the fees specially if you are really making out those micro transactions but we arent only having these coins
but there are lots of alternatives.

This is why i do refrain on dealing with Uniswap and other erc20 transactions or making up some conversions or swaps due to ridiculous price.Im not really on a hurry because
fees will really be not justifable if you do proceed on.

Wait for the network to subside before making any further step but if you are rich and dont bother how big these fees are then its up to you.

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February 03, 2021, 11:04:22 PM
 #23

It horrified me to see and hear that eth costs up to $100 just to transfer coins or tokens to the exchange. Even though I transferred
tokens for a fee $20 a few weeks ago. That’s the last time.
I better not trade, let alone the high cost for transferring the tokens is not worth it with the token we have.

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February 03, 2021, 11:14:02 PM
 #24

They had 3 years to figure out how to improve the network, don't they see that the commissions are gigantic. Do they even know about this problem and do they use their system?

I agree with you on this. Such high gas charges are not acceptable. There has been no improvement in this for years, we have to pay over $10 for each transactions. When we give lower gas, it becomes fail.
We really getting tired of this, they must do something. We love ethereum, but if it continues this way, the number of supporters will decrease Smiley

Or else look for other platforms like airswap, as they are boasting minimal fees.
Haven't tried them but worth to check (https://www.airswap.io/) as uniswap is having unreasonable fees.
If Uni will not address this problem, traders will go to other dex platforms that are offering better services.
And once the defi hype is over, I don't know if Uni will continue to enjoy what they have right now.
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February 04, 2021, 03:50:14 AM
 #25

It horrified me to see and hear that eth costs up to $100 just to transfer coins or tokens to the exchange. Even though I transferred
tokens for a fee $20 a few weeks ago. That’s the last time.
I better not trade, let alone the high cost for transferring the tokens is not worth it with the token we have.
People have no choice other than agreed with the fees that already applied on the ethereum blockchain. Do you know why? The majority of the assets were building on ethereum blockchain.
Uniswap is also the best dex to trade their ERC asset.
I have been charged $80 just for a single transaction on uniswap to swap my assets to the stable coin.
That's annoying for many users. I hope that miner will change their mind to agree with EIP1599

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February 04, 2021, 09:55:42 AM
 #26

There are only two options we can choose right now when using the eth network accept the high fees or dont use it for now the growing defi ecosystem creating different decentralized dapps mostly from finance or yield-farming dapps are the main reason why eth fees are so high there are other chains that has very cheap fees like binance smart chain or tron chain but due to popularity of eth and dex exchanges like Uniswap most devs prefer to use eth network.   

VanDeinsberg12
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February 04, 2021, 01:04:36 PM
 #27

10$ is too much for a lot of Ethereum users, for me, Uniswap is almost useless, no solution is provided yet, people are getting tired of it, we don't know what the future have for us.
Yesterday and today was even crazier Approved payment fees and swap payment fees on the Uniswap exchange, generally almost $ 35 in a single transaction, obviously it is very hard for everyone including people who have lots of money, because it doesn't make sense.
It's still happening till this time. The gas price keeps increasing even higher along with the bullish trend that is happening with ethereum.
The users are getting a lot of disadvantage caused by the bullish trend of ethereum. The miners were getting a lot from the fees.
There must be the solution. I don't even think people wanna use this platform forever.

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