solution for high gas fees on dapps

[redsun114]

There is no way to do that as long as the token is on Ethereum, to be sincere it is crazy to be paying $50 for a transaction that use to cost $1 then, when the traction fee was $1 people are complaining about the price. I have been saying this for some time now, if Ethereum fail with its scaling solution this year, Polkadot is likely to be the next big thing in smart contract space, project like Avalanche also have a chance but there are not giving out grants like Web3 foundation which may hindered their adoption

I think with this eip 1559 we will definitely get better transaction fee because the excess will be cut and there will be lower. I get the request from miners to say "if people pay for it, it should be free market to decide" because that is sort of true, at the end of the day nobody forces anyone to pay 50 bucks for something that is 1 dollars, you are not forced to use it, if you think its too expensive you could just stop using ETH and move to BNB or something else, you have every right to do that.

And that also means if only people who have a lot of money that keeps spending this much money, eventually they will leave too and miners will start to work for a loss once again, we all remember in 2018 they didn't made a single cent and mined for basically a loss, they couldn't even electricity. But, with this it will prevent them to get too poor but also not too rich, as a customer I really like that and of course I would like to pay less, so even though I understand miners I want what's best for me.

[Koutami]

I think it will be rude, but unfortunately this is the earnings of the 1inch project or the like. It will not be possible to get around this, therefore it is necessary to create and work on other solutions and not just use ETH.

The gas fee is not for Exchange or the project. The ETH which is be gas fee wil go to be Miner earning.
The only possible way to have lower gas fees is wait until it dropped when the blockchain isnt busy anymore.

[cryptoaddictchie]

While writing this, the gas fees for standard ether based transactions stand at 120 gwei which is 4 times higher than usual rates that I use to pay. Im aware of chi gas tokens on 1 inch and such but those are useful only while transacting in tokens(If I'm not wrong) and not while using dapps like token swaps or lending platforms. Is there any way possible to interact with the dapps with lower gas fees.

I never tried it out but 1inch exchange has their own gas tokens called chi, where you can used that to lower the gas fee to be used on dex. I'm not technically doing it as I found it quite complicated.

But you can read this source; https://1inch-exchange.medium.com/everything-you-wanted-to-know-about-chi-gastoken-a1ba0ea55bf3

Before that token is cheap now its quite increasing in value. Probably its effective on some users who uses their chi tokens for reduction of gas fee.

[WalkerIVIV]

I think it will be rude, but unfortunately this is the earnings of the 1inch project or the like. It will not be possible to get around this, therefore it is necessary to create and work on other solutions and not just use ETH.

The gas fee is not for Exchange or the project. The ETH which is be gas fee wil go to be Miner earning.
The only possible way to have lower gas fees is wait until it dropped when the blockchain isnt busy anymore.

That's the only possibility but honestly i don't like how miners were dominating the blockchain. Ethereum should have move to the full POS coins to make sure the miners will not doing whatever they wanna do to the blockchain

https://nairametrics.com/2021/02/07/miners-earn-a-whopping-3-5-million-per-hour-on-ethereum-network/

Miners earned 3.5 millions hourly and i remember there's a news said that miners have been getting $850m in total last year. We don't know when the gas will be decreasing again and that makes a lot of small traders feeling depresed with it. This must be fixed asap.

[Koutami]

I think it will be rude, but unfortunately this is the earnings of the 1inch project or the like. It will not be possible to get around this, therefore it is necessary to create and work on other solutions and not just use ETH.

The gas fee is not for Exchange or the project. The ETH which is be gas fee wil go to be Miner earning.
The only possible way to have lower gas fees is wait until it dropped when the blockchain isnt busy anymore.

That's the only possibility but honestly i don't like how miners were dominating the blockchain. Ethereum should have move to the full POS coins to make sure the miners will not doing whatever they wanna do to the blockchain

https://nairametrics.com/2021/02/07/miners-earn-a-whopping-3-5-million-per-hour-on-ethereum-network/

Miners earned 3.5 millions hourly and i remember there's a news said that miners have been getting $850m in total last year. We don't know when the gas will be decreasing again and that makes a lot of small traders feeling depresed with it. This must be fixed asap.

Its not miners fault at all. Ethereum blockchain itself have limitations which make only few transactions can be processed per second.
Its result the demand of the transaction so big while the supply is already maximum then the gas increased rapidly.
Also I am pessimistic PoS can solve that problem while the supporters of Ethereum will decreased so much (Miners move to another coins).