Why such high fees in ETH?

[senyorito123]

What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?

And what is minimum gasused multiplier?

I think what's happening on the eth high fees on gas, was due to increasing trend of its price. The more expensive the coin is, tx fee also matters in percentage. Most particular on tokens that needs eth gas for sending at trading sites, because erc20 platform tokens used eth as their fuel in order to be transferred successfully.

[Baimovic]

And currently the gas on Ethereum is very high if we look at the gas tracker on etherscan.


can the high transactions on NFT trigger gas on ethereum to be very high?

[Scripture]

And currently the gas on Ethereum is very high if we look at the gas tracker on etherscan.


can the high transactions on NFT trigger gas on ethereum to be very high?

Looks like the fork alone didn’t work at all because the fees are still high.
Anyway, the demand for NFT is great and of course it can affect the fees for ETH as long as there’s a demand and we can still consider more things especially the traffic currently on ETH network. This is too buy if you have no choice but to pay the huge fees.

[crzy]

And currently the gas on Ethereum is very high if we look at the gas tracker on etherscan.


can the high transactions on NFT trigger gas on ethereum to be very high?

Looks like the fork alone didn’t work at all because the fees are still high.
Anyway, the demand for NFT is great and of course it can affect the fees for ETH as long as there’s a demand and we can still consider more things especially the traffic currently on ETH network. This is too buy if you have no choice but to pay the huge fees.

The fees are high and yet the price of ETH is on the red candles, something is wrong here for sure and hopefully can be address by the team as soon as possible though the fees are purely based on demand, I’m just wondering are they selling ETH for what? I can’t deal with that kind of fees I’d rather not push through and look for some alternatives.

[gurunanakji777]

I was thinking after London hardfork Ethereum gas fee will be reduced but I was wrong Ethereum gas fees is still increasing and dropping but not to that level where we can say it is feasible to afford. Eth dev needs to focus on this gas issue to sort out as I see now most of the new projects give priority to the BSC chain and it's not a good sign for ERC-20 on the other hand Ethereum is deflationary coin now demand will increase but they will lose small traders due to high gas fees.

[RussianEnglishTranslation]

Most people are moving to sidechains like Polygon and Aurora right now, gas fees are too high for anyone but whales on Ethereum.

[reza7777]

in the description I read, the ethereum network fee is determined by the miners and it is not related to the eth network itself. but from ethereum itself promises to solve this problem as soon as possible, so that consumers can feel more comfortable

They always say the same thing since long time ago but in reality until now they haven't kept their promise, then how long are we going to wait for this gas madness to end?

[Vishnu.Reang]

I guess yesterday it was an outlier. Just now I checked the Ethereum Gas Tracker, and for the low priority transactions the average fee stands at 49 gwei (around $3). But in the long term, it will just accelerate the move towards other alternatives, such as Cardano. The high fee level and the disappointing rollout of ETH 2.0 were the main reasons why Cardano went up by so much in the recent months. During the past 12 months, the exchange rate has gone up by more than 30 times, and among the top-10 coins only Dogecoin had a better return.

[Ronzybloch]

What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?

And what is minimum gasused multiplier?

Eth has a strong use case ,  Ethereum is used in different applications like as  finance, web browsing, gaming, advertising, and many more . and we know a thing which have high demand ,  have high value ,  every one is worried due to high fees ,  many nft are missing due to this.

[omone1]

Currently, ETH gas fee is just like a curse for low traders. I have some tokens which I bought for $20 even though some have done 14x like UFO, I can't take profit because of the high gas  fee. I should have used $200, but I was not too sure of the project until recently. Well ETH has a low TPS of just 15, and thousands of traders are using the network same time putting pressure of the network. Thank God for offchain projects bringing defi to traders, it would have been a bad experience missing out from Defi due to ETH high gas fee.

[BayAngelo]

this is the reason ethereum will not pass 5000usd in my own opinion. the fees is the problem behind the price movement. i think the possibility of seeing other smart contract platforms like matic, avalanche, solana passing ethereum is possible. if ethereum can rsolve the issue sourrunding the fees. the price will ove high and might surpass bitcoin. if only this can happen. even the current burning process could not safe the gass fees.

[tabas]

Most people are moving to sidechains like Polygon and Aurora right now, gas fees are too high for anyone but whales on Ethereum.

Aside from those transactions, there's that much transactions in NFTs too and those transactions are contributing to each other and making the fees high.
I'm waiting until when we see those very little fee for each transaction we do, whether erc20 or eth to eth transaction.

[Hippocrypto]

Most people are moving to sidechains like Polygon and Aurora right now, gas fees are too high for anyone but whales on Ethereum.

Aside from those transactions, there's that much transactions in NFTs too and those transactions are contributing to each other and making the fees high.
I'm waiting until when we see those very little fee for each transaction we do, whether erc20 or eth to eth transaction.

If people continue to spend eth for their transactions then I don't think this higher fees would go down, because as we can see now adoption for lots of erc20 project was consistently growing. NFT projects like crypto games begun to become so popular by now, and definitely players who earned tokens needs ethereum in order to transfer their asset at trading sites.

[wxa7115]

What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?

And what is minimum gasused multiplier?

If you are just sending and receiving ethereum then you can take advantage of those cheap fees but if you are making use of a smart contract then it is likely that the fees are still going to be higher than that.

I know that for those that use ethereum this can be frustrating but since the NFT craze is still in place then I think it is natural the price you need to pay for the fees of those tokens is very high.

[flip4flop]

The NFT craze is doing nothing but keeping these gas fees near all-time highs. All the NFT exchanges are the ones with the most transactions lately and as long as these NFTs keep launching day after day and people are still trying to get rich off of them I doubt we see the gas prices come down anytime soon.

[poodle63]

Gas on this Ethereum platform has grown substantially since Ethereum updated 2.0 from the platform. At present Etherium and all markets are on the rise Ethereum's gas fee has increased substantially. A few days ago, the Ethereum transaction gas fee has become much higher.

I think it's not growing substantially but the gas fee is not getting fixed after updated to 2.0 everything related to the gas price is still all the same with no change and because of that many people have decide to use alternative like Binance Smart Chain because ETH fee is very unbearable. Someone can send tokens and get their ETH drained or maybe they can't even pay for the gas fee because it's too mad.

[bluebit25]

Gas on this Ethereum platform has grown substantially since Ethereum updated 2.0 from the platform. At present Etherium and all markets are on the rise Ethereum's gas fee has increased substantially. A few days ago, the Ethereum transaction gas fee has become much higher.

I think it's not growing substantially but the gas fee is not getting fixed after updated to 2.0 everything related to the gas price is still all the same with no change and because of that many people have decide to use alternative like Binance Smart Chain because ETH fee is very unbearable. Someone can send tokens and get their ETH drained or maybe they can't even pay for the gas fee because it's too mad.

Yes, that's the problem between us, when it has not yet created a consensus. Some people think it's too high, but others find that the price is actually very reasonable. Personally, I don't want to argue about this issue because I understand between words and actions or thoughts of people participating in this field are completely different, and sometimes we even create common thoughts and actions. 
After many years of research in this field I am quite confident what is happening with ETH, and of course it cannot please everyone, so let's just do what we think will be good for us. 

[nomenclatur]

What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?

And what is minimum gasused multiplier?

because the higher gas fee costs, the more ethereum gas fees will be one of the high costs, it will be one of the ethereum fees that is often used for cheaper costs, it can save costs faster as usual because of the decrease and increase making it easier for all of that to speed up transactions, current fees are also more expensive because the increase in ethereum makes fees a bit expensive.

[Vishnu.Reang]

It is actually funny. A lot of the Ethereum supporters were claiming that ETH 2.0 will result in lower transaction fee for Ethereum. And almost one year has passed since they started the implementation of ETH 2.0. Right now the transaction fee for ETH remains almost 20 times that of Bitcoin ($4 vs $0.20). I am actually surprised by the fact that a lot of the projects are still sticking with ETH, rather than migrating to the other (more technologically advanced) chains such as BSC or ADA. I guess they need a trigger to do that?

[trauchot]

This happens all the time, since the ethereum network is very often clogged due to the fact that too many people use the ethereum network, and also when the growth of ethereum price and other cryptocurrencies that are created on the ethereum blockchain begins, at these moments the ethereum network receives a very huge load and because of this, transactions through the ethereum network become very expensive and therefore it is not worth making cryptocurrency transfers through the ethereum network when the ethereum network is very heavily congested and it is best to wait until the ethereum network will come back to normal condition.