insane fees on eth (uniswap)

[Samurai trieng]

In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,

[H1N1]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

If you want to use lower gas fee, you just have to wait some time and you will be able to use lower fee.
I usually check the gas fee here : https://etherscan.io/gastracker before make any transaction in ethereum blockchain.
It is very frustrating if we want to swap token for other token in uniswap because insane gas fee indeed, that is why many new projects on bsc now.

[ecnalubma]

I refrain from using Eth network because of the gas fees issue particularly when swapping. I still have high hopes that Ethereum will fix this soon, builders on the network is decreasing I think it is enough reason to seriously tackle this major problem and its a domino effect to poor projects.

[Bitstar_coin]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Uniswap is a hungry dex looking to eat all your funds for transaction fee, who design this dex to be so did a terrible job, whatever you do in uniswap attracts fee, you won't to sell, you will pay high amount, you want to buy, you will pay high amount, you transaction failed, you will still have to pay for it, what the hell is that! I don't know how some people find fun trading there, I am no fan of that hungry dex.

[Muslimin mj]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

This is a huge problem faced by Ethereum users right now, very high transaction fees that confuse users with their altcoins that are in the Ethereum wallet. They should be able to get bigger profits, but due to high transaction fees, users must be willing to lose some of their profits because they have to bear the burden of transaction fees that reach - + $ 50.

[XCANA]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

[no-ice-please]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.

[royalfestus]

In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,

Ethereum and the team is under pressure to reduce gas fee; The hardfork was backdated among this concern to activate the EIP 1559 through the London hardfork to change the structure around the gas fee, allow envelope transaction for backward transaction. The upgrade should cause a drastic restoration of ethereum decentralized exchange and affiliated Defi coins

[H1N1]

Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't  reduce fees and the network will likely to surfer patronage.

It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.

It means the Ethereum team has not found the solution of high gas fee problem now.
The high fees on Ethereum network can be caused by few things, high volume transactions and high eth price.
As we know that the ETH price is very high at the moment and if we compare with BSC, it is clearly cheaper in BSC because the transaction volume still not as much as Ethereum network, and the BNB price is also cheaper than ETH price.

[harapan]

Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.

anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,

there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup

Since Ethereum started having this crazy gas fees war, I have stopped using it for my daily transactions as each transaction on it is more expensive than the amount of money I spend to eat daily, I have moved over to BSC sincethe gas fees are lesser there, and it's not just me  so many projects have moved to BSC since the gas fees war started, eth 2.0 is needed urgently cause we sick and tired of paying this high fees for transactions.

[Farma]

a few days ago, I made a transaction at Uniswap, and if I calculate, the total fee that I did more than $ 30, even close to $ 45. after all, uniswap is indeed a great exchange, but it has a huge feat. well, if there are other exchanges, I will probably use an alternative. In addition, this did not only happen to Uniswap, even in forkdelta the fees were quite expensive.

[fosco333]

I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.

I guess that was a hard lesson  currently i have some tokens in my address too, but the value is still not worth.
Now i must calculate the value of the token everytime i want to transfer and swap them on uniswap, otherwise i will lose my money because the gas fee can be higher than the token value and that is not funny.

[Sepertiangin]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

[MishaSER]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

It's all to blame for the fall of bitcoin from 63,000 to 50,000 this morning, people in a panic began to sell their cryptocurrency, which provoked a high commission for gas.

[Cling18]

It's also one of the struggles that I have. I have to limit the fees sometimes just to save a portion of my funds which makes the transaction slower. However, it's good that someone shared the ways to convert it to BSC first so I could lessen the transaction fees. I think we just have to accept the fact that every time the prices of our coins rise, we should expect that the fees would also get more expensive.

[rahmatullah9305]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

What makes you so frustrated with the current conditions? is it only because of the high gas costs at uniswap? If that's what you feel then there's no need to be frustrated because everyone else feels it right now.

[dhemasm]

I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.

Basically it's not an stupid exchange mate but the Network itself, Ethereum can't handle much transaction for now it was affecting all of Ethereum-Based dApps and Uniswap is one of them, Uni is offering us new concept especially DeFi and i think it's was revolutionary. Yes making an transaction on Uniswap it's worthless if you trade small amount like me so let's wait till Ethereum 2.0 Implemented and use some alternative like Pancakeswap (BSC), Matic (Quickswap), Tron (Justswap) Or 1inch (Ethereum, Lower fees).

[deathcode]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

What makes you so frustrated with the current conditions? is it only because of the high gas costs at uniswap? If that's what you feel then there's no need to be frustrated because everyone else feels it right now.

and that issue has also been discussed by ethereum developers will be resolved soon.
no need to panic, for the moment we can move to the cheaper BSC network for day trading. and it will not interfere with our long-term investment in assets in ERC20. unless we want to sell it at this time. and of course the considerations we already know all the risks.

[Ziskinberg]

Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it

What makes you so frustrated with the current conditions? is it only because of the high gas costs at uniswap? If that's what you feel then there's no need to be frustrated because everyone else feels it right now.

and that issue has also been discussed by ethereum developers will be resolved soon.
no need to panic, for the moment we can move to the cheaper BSC network for day trading. and it will not interfere with our long-term investment in assets in ERC20. unless we want to sell it at this time. and of course the considerations we already know all the risks.

And besides, it is up to us if we have to trade or not, or we wait for the moment that the fees will drop off. We all suffering such huge fees and that is acceptable as this is not the first we experience this one because it usually appears during the bullish and that is where we are now. I hope OP could understand the situation, feels not to bother, and think about the fees much as it is stressful. And it only makes you sick, better to keep your coins if you can't afford to pay the fees, that is the only solution that I see.

[grabpopcorn536]

BSC is a new fever, new projects gradually move from ETH to BSC. I also noticed on CAKESWAP that there are new casinos, an easier value-oriented cryptocurrency similar to what UNISWAP did before.
Whether new projects choose BSC or move from ETH to BSC is inevitable as transaction costs will take away all the traders' profits. It seems that ETH is only for the wealthy. For me, trading on BSC is more comfortable and quicker although it is like a fake ETH from wallet address, explorer interface ...