Insane Gas Fees

[Renampun]

This issue with Gas is something that cut across everyone, I wanted to buy SFI today and when I saw the transaction fees I needed to pay I decided against buy the token, if it cost $6 to send Ethereum then you will need to pay $40 or more for ERC20 transfer and even higher, if Uniswap wants to retain their 1 number spot they need to deploy their Platform on L2 now or another project with better solution to this transaction issue will come up and take their spot

BSC has started replacing ETH...
all people in the world who transact using the ethereum network complain about this. who is comfortable with such unstable gas fees? uniswap fee is a joke. bsc is the current favorite. *to vitalik, don't blame the user for switching to bsc

[mace15]

Insane gas fees when you want to transfer token from your wallet it cost you much. Small time investor are the most affected of this expensive fees. This is why also other users prefer to have a transactions in bsc network because of the cheap fees. Eth users are always asking when this will be resolved so I'm also hoping for the resolution of network fees.

[Willitivity]

Insane gas fees when you want to transfer token from your wallet it cost you much. Small time investor are the most affected of this expensive fees. This is why also other users prefer to have a transactions in bsc network because of the cheap fees. Eth users are always asking when this will be resolved so I'm also hoping for the resolution of network fees.

ETH 2.0 is the second major version of ETH created to mitigate the current eth network issues. It's true that small time investors are the ones who are mostly affected by the high gas fees on the network. Sometimes, gas fees cost more than the actual cost of my tokens. It's difficult to conduct low to medium transactions now if costs is being considered. That's why bsc has been in the hype lately. It's like an eth mirror change only better.

[Bitloca]

Insane gas fees when you want to transfer token from your wallet it cost you much. Small time investor are the most affected of this expensive fees. This is why also other users prefer to have a transactions in bsc network because of the cheap fees. Eth users are always asking when this will be resolved so I'm also hoping for the resolution of network fees.

Yeah because of this problem, the team from DEGO is doing a smart contract renewal and starting to adopt BSC as the basis of their smart contract. And this is a good step taken by the DEGO team.

[triat]

With the development if ETH 2.0 and once that it is already online it will definitely fix this kind of problem that we always encountered especially this time of bull market. Also, this innovation of the ethereum blockchain it will help most especially the small time investors because is really a pain in their ass.

It's not a fact that the fiies will fall a lot after the update. Now is a great time for small investors. Because they can enter projects through different chains (bnb and heco).

[Golftech]

With the development if ETH 2.0 and once that it is already online it will definitely fix this kind of problem that we always encountered especially this time of bull market. Also, this innovation of the ethereum blockchain it will help most especially the small time investors because is really a pain in their ass.

It's needed for this adjustment as fees really hurting small investors, with some adjustment to
lessen it will help traders and investors to continue chasing for good project that based from
ERC20, Team should take this to help those traders who are now trapped with high fees and
can't do anything with their assets.

[randegibran]

Now erc20 platform coin make you crazy with gas fees and not good ideas if you want to send now and looking early how much your coin value and compare with gas fees still profitable or not before send you coin, I have forget with my assets have value under $20 or $30 because I need to pay more than $15 fees transaction if success but if failed my fees gone and I miss to get profit with selling coins.

[Onika84]

Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.

[molsewid]

With the development if ETH 2.0 and once that it is already online it will definitely fix this kind of problem that we always encountered especially this time of bull market. Also, this innovation of the ethereum blockchain it will help most especially the small time investors because is really a pain in their ass.

I hope it will be , because we're slowly being killed by the gas fee, sometimes the value we are transferring is much lower than the fees that are very very high, that's why it is no doubt many projects turned to bsc because their presale is being paused or getting slower because of this fee and if we want to participate in some presale we should buy in tons because it is expensive to have multiple transactions now.

[chaoscoinz]

For the Gods Unchained trading card game on the Ethereum blockchain, the in-game market is unbearable due to the insanely high gas prices. In order to buy a trading card which may cost a penny $0.01, Could have cost you $30 because of the exuberant fees. Luckily the game doesn't require the market in order to play, but still this has a very  negative impact upon the games ecosystem. So, I really feel you pain, I also believe that the gas prices may or may not be the reason Eth hasn't mooned as much a Bitcoin has been.

[laredo7mm]

Last night I sent tokens from my personal wallet to exchange, and it cost me $50. I'm also waiting for a low fee to unstake my liquidity pool. Hope there is a solution for this all.

That fee showing in OP is for claiming bounty rewards for DEGO. Actually, the smart contract that was created for claiming DEGO was ended early so later on anyone tried to claim their rewards it shows an insane amount of gas fees. These insane fees are because of the fault of the smart contract, not eth network. Till now a transaction can be made below 50$ which is also high but not as high as shown in OP.

[Lanatsa]

For the Gods Unchained trading card game on the Ethereum blockchain, the in-game market is unbearable due to the insanely high gas prices. In order to buy a trading card which may cost a penny $0.01, Could have cost you $30 because of the exuberant fees. Luckily the game doesn't require the market in order to play, but still this has a very  negative impact upon the games ecosystem. So, I really feel you pain, I also believe that the gas prices may or may not be the reason Eth hasn't mooned as much a Bitcoin has been.

Everyone does feel the pain because this doesn't only limit out for a few but rather as a whole specially to those who do engage up with small scale type of trades.

One of the hiccups that we are currently experience and also with that known bitcoin network too where fees are way too high for a very small amount that had been transacted.

Solution? ETH 2.0 maybe but lets see if this one will really be significant or would able to resolve out those problems and issues towards this matter.

[Galley]

This is a really unrealistic price per transaction, a few days ago I withdrawn DEGO to my wallet, and it cost me $ 30. And this price is too high. With such a fee, new projects will refuse to use the Ethereum network, since there is an alternative in the form of BSC.

[disconnectme]

The gas price on Ethereum is crazy for now and I think people trying to sell their tokens during a dump was what cause the spike in gas price to that level, the cost of transacting has come down but not to the level we all want it to be, I am seriously waiting for Uniswap V3,if they fail to move to L2 solution, they are likely to be surpassed by other DEXs because people can't continue to pay this ridiculous amount for transaction fee

[DarkDays]

The ethereum gas fee is currently too high sometimes unbearable.We have been suffering from it since when the bull market started and prices of altcoins skyrocketed along with Ethereum.There is nothing we can do about it the best thing is just to wait and see what is going to happen soon.

The high fees are incredibly frustrating, not only that to get a coin you have to enter into gas-war (and possibly lose the fee with no token) but makes any transactions almost not worth while.

With average fees around 50-100$  makes Uniswap usage and just sending coins across the blockchain accessible to the rich. This is a grave problem, and Ethereum v2.0 needs fixing up (and fast).

[Kelvinid]

That was the problem with the most right now, they can't move their ERC20 token because of the huge fees. If you are moving a huge amount of money, maybe that could still compensate you in the end but if that is just a small amount, that is really insane. Maybe we don't have to force it.

For your case, I'd rather not move it. The fees are not really acceptable and that be considered a loss on your end.

[tygeade]

your complaint is the same as mine, I want to sell my tokens, and if I sell them I get $ 60 but the gas cost reaches $ 50, that's really really crazy, so I can only hold my tokens until the price really goes up.  in order to cover the very expensive gas costs.

The alternative solution might be sending the tokens on another chain like TRC-20 but if the token supports that kind of transactions. I mean I was facing the same problem with some coins but the usage of TRC-20 chain solved my problems so it might help you.

if the token price really goes up, now if the token price has started to fall, then there is no story to sell it, moreover the gas costs also often go up rather than down, because the decline and increase will always be in crypto.

I am not sure because I haven't made recent transactions in ETH but aren't there accelerator for transactions just like they exist for Bitcoins? If so you can use very cheap fees for transaction and just use accelerators to get confirmations.

But overall it is quite crowded and I think people are losing interest in ERC-20 because of all the fees issues recently.

[Farma]

LOL, this is what makes people want to move away from Ethereum. Yeah, but right now it looks like people are already using it and are comfortable with it. well, because of this high fee, I also experienced some problems in making transactions. However, I still really hope that there will be a reduction in fee prices for ethereum. I hope Vitalik does something about this 

[arifteguhr]

Now the transaction fee is low, even under $ 5, there is a high probability that there will be an airdrop which makes the price increase quite high. like yesterday's Uniswap airdrop and also 1 inch which made the ethereum platform transaction quite solid. Besides that, the increasing ethereum price factor also makes an estimated increase. every day the gas actually goes down if you can find the right timing morning or evening

[badjacks99]

Yes being away from the crypto space for quite awhile, coming back to these crazy eth gas fees caught me by surprise. Not worth it at all for a small time trader, IMO. Moved some to a wallet on my phone and to move it would cost over $100 apparently? If i can be patient enough to recoup those loses, im running from Ethereum. Ive got alot to learn about it but these are expensive lessons.