what's wrong with uniswap?

[Orange89]

The main problem of the Network is ETHEREUM growing gas fees so personally because of these reason i am also making very less transaction  and in these week ETHEREUM Network is congested  due to receiving a ton of request from the users because of such Huge gas fees many users are unable to swap we all should wait for Eth 2.0 but their is no idea when will it be launched on mainframe

[FinneysTrueVision]

The network has become unusable for small investors. Even for whales I imagine it has to be painful paying these exorbitant fees. With DEXs on other blockchains offering much higher APR and more features I wonder how long it will take before we see Uniswap start to lose it's dominance in the market in terms of TVL. PancakeSwap has already surpassed it in total users and it might just be a matter of time before we see a higher amount in locked value also.

[Abiky]

The Ethereum blockchain is still in demand among developers. It is the demand for coins that are created on this blockchain that leads to its overload, which entails such high commissions. Therefore, it is impossible to refuse to use this blockchain, otherwise you will have to give up most of the coins that are present on the cryptocurrency market.

That's certainly true, mate. Ethereum is in high demand, so expect fees to go all the way to the moon. There's nothing we can do about this, other than wait for fees to decline or simply use an alternative blockchain network. Uniswap should rely on an off-chain scaling solution to lower costs and increase performance. Something like Optimism or Arbitrum should do the trick. Expect Uniswap to see a reduction in user base if fees continue to soar like there's no tomorrow.

One thing for sure is that ETH gas fees won't be high forever. The ETH 2.0 upgrade, Sharding and off-chain scaling solutions will make high fees and slow speeds a thing of the past. We just have to be patient in order to see great results in the future. With or without the high fees, Uniswap will be here to stay because of its decentralized and open source nature. Just my thoughts

[tvplus006]

...Something like Optimism or Arbitrum should do the trick...

I have already tested the Optimism Network, and it left me with negative impressions. Yes, indeed, the cost in the Optimism network is very low and is approximately equal to the cost in the BSC network, but in order to transfer coins from the Ethereum mainnet network, you will need to pay a commission in the Ethereum network. And then pay the commission again in the Ethereum network when you decide to withdraw coins from the Optimism network. And this reverse transaction takes 7 days!!!

[Abiky]

I have already tested the Optimism Network, and it left me with negative impressions. Yes, indeed, the cost in the Optimism network is very low and is approximately equal to the cost in the BSC network, but in order to transfer coins from the Ethereum mainnet network, you will need to pay a commission in the Ethereum network. And then pay the commission again in the Ethereum network when you decide to withdraw coins from the Optimism network. And this reverse transaction takes 7 days!!!

I understand it can be a pain in the head to pay a high gas fee just to use an off-chain scaling solution. But if you do the math, you'll realize that you're saving a lot of money in the process. A one-time payment of ETH gas, allows you to perform as many transactions as you'd like (sort of) on an off-chain scaling solution like the Optimism Network. It's a win-win situation if you ask me. I'd just pay a very low gas fee to be able to use Optimism even if the initial transaction takes a very long time to confirm on the Blockchain. Uniswap should adopt a scaling solution ASAP, in order to avoid getting behind in the dust. Competition is getting fierce each day, but there can only be one winner in the long run. With how big Uniswap turned out to be since its inception, it's unlikely it'll go away anytime soon. Just my opinion

[Valak]

recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?

Very crazy fees for a single transaction. I think Uniswap needs to make changes in the context of swap transaction fees. Because the high cost will make people avoid using the platform. In fact I've tried to use Uniswap in recent times. However, the transaction costs are higher than the results of the swap that we do.

[DarkDays]

It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit.

Agreed. Even with the London upgrade the fees remain disgusting, many projects on Uniswap are not getting the number of people as they used to because BSC network is so so much cheaper by comparison.


Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.

[tvplus006]

It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit.

Agreed. Even with the London upgrade the fees remain disgusting, many projects on Uniswap are not getting the number of people as they used to because BSC network is so so much cheaper by comparison.


Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.

If possible, I also avoid trading on the Ethereum network, but sometimes it is impossible to do without it. Most of the new coins after TGE receive their first listing on Uniswap. If the listing also takes place on a centralized exchange, I prefer to transfer my coins there to avoid excessive spending for the swap.

[Abiky]

Agreed. Even with the London upgrade the fees remain disgusting, many projects on Uniswap are not getting the number of people as they used to because BSC network is so so much cheaper by comparison.


Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.

Uniswap could lose a large number of users if fees on ETH continue to soar towards new All-time-highs. The best thing it can do is switch to an off-chain scaling solution. Only then, the project will be able to achieve a greater user experience.

Nowadays it's all about convenience, so the project with the cheapest fees and faster speeds will gain the most attention in the mainstream world. Consider how PancakeSwap went towards new heights because of BSC's high transaction capacity. The longer it takes for ETH to scale, the faster Uniswap will lose traction. I wouldn't worry about the high fees as long as Uniswap (and Ethereum) stays decentralized. Just my opinion

[Roman_Picisan]

recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?

Very crazy fees for a single transaction. I think Uniswap needs to make changes in the context of swap transaction fees. Because the high cost will make people avoid using the platform. In fact I've tried to use Uniswap in recent times. However, the transaction costs are higher than the results of the swap that we do.

there are some coins after dividing we can't sell them because the cost of the trip is too high making it difficult to sell.

[Coin BTC]

recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?

Due to the high price of Ethereum, the transaction fees of the Ethereum blockchain are also very high. Transaction fees on Uniswap are also very high, so many investors who use Uniswap to exchange coins become stuck. And this is not the first time for the Uniswap platform. So many have switched to using the BSC blockchain decentralized platform.

But those who have that capabilities to continue transacting still using uniswap, they are
very aware with the fees but considering the holding that they've got compared to the fees
those traders are willing to gamble.

It's been an issue but still the same and no adjustments, ERC is now being compete by other
chain but there are still many investors and traders who keep their assets inside this chain.

it's up to the investors whether to switch or not, uniswap are just doing his job.

Yes. Indeed, there are still very many who use Uniswap despite the high transaction costs. However, the platform that was developed also has to look at the users in general. This is the development goal of the platform to continue to provide solutions for all crypto users, not just looking at the upper class.

[Shallow]

So far Eth transaction fee is high, it will reflect on other projects on its blockchain thus the high gas fee witnessed on Uniswap as well as others, and it will most likely be that way until the proposed upgrade which is anticipated to take care of it.
However, one of the surprising things about Ethereum blockchain is that, despite all the high gas fee, it is still growing massively, that is to say, a better solution is coming up soon. Most people compares Eth to BSC network and others, while forgetting that all of them in a way took a leaf from Ethereum. Lastly, the implemented London hard fork only tends to reduce Ethereum circulating supply and not gas fee. So, nothing is wrong with Uniswap, it is only reacting to the Ethereum blockchain gas fee.

[lousie9]

sometimes i also wonder about uniswap because often if only a small amount that will go into dex is not worth the cost we have to spend, therefore if we want to do an exchange on uniswap we have to look at the gas given to eth for now because that way we can choose the right time to do the exchange on uniswap and as we know if we use uniswap the fees given are not only one time but we have to put coins into the dex and exchange coins.

[RussianEnglishTranslation]

recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?

You can't display photos yet, until the time comes, I think at that price it will be difficult for the gas / fee

I moved all my funds from Ethereum to Polygon, Celo, NEAR, Fantom, and BSC. I no longer use Ethereum. Right now I'm making the highest returns farming on Ref Finance on NEAR protocol and Tarot on Fantom.

[Jilapikhamu]

i have netvrk token market value 70$ but uniswap swap fees around 56$ now hahahhaha this is crazy

[rika0223]

For the time being uniswap coin, the problem of fees still has to follow rules like ETH why is that because uniswap is still under the auspices of ETH its price value and following the movement of market value in uniswap
https://www.coingecko.com/id/koin_koin/uniswap,
And the Uniswap price for today is US$22.84 with a 24-hour trading volume of US$300,749,059. UNI prices are down -6.1% in the last 24 hours. There is a circulating supply of 520 Million coins and a maximum supply of 1 Billion coins. Gate.io is currently the most active market on which to trade

[Abiky]

So far Eth transaction fee is high, it will reflect on other projects on its blockchain thus the high gas fee witnessed on Uniswap as well as others, and it will most likely be that way until the proposed upgrade which is anticipated to take care of it.
However, one of the surprising things about Ethereum blockchain is that, despite all the high gas fee, it is still growing massively, that is to say, a better solution is coming up soon. Most people compares Eth to BSC network and others, while forgetting that all of them in a way took a leaf from Ethereum. Lastly, the implemented London hard fork only tends to reduce Ethereum circulating supply and not gas fee. So, nothing is wrong with Uniswap, it is only reacting to the Ethereum blockchain gas fee.

Exactly. There's nothing wrong with Uniswap. It's working just as intended. The real problem is Ethereum with its limited transaction capacity. It's normal to see gas fees soar all the way to the moon when people are heavily using the ETH blockchain. Only Uniswap developers will be able to "fix" the situation by adopting an off-chain scaling solution or simply wait until ETH becomes a full-fledged PoS cryptocurrency (ETH 2.0). Besides, there are other alternatives on the market each with their own advantages/disadvantages. People can decide which platform to use from the other based on their daily needs.

I don't see Uniswap disappearing anytime soon, since it's still the leading decentralized exchange in the smart contracts universe. No other AMM can outmatch Uniswap in terms of security/reliability and liquidity/trading volume. Gas fees won't be high forever, as the network will scale with subsequent upgrades. If you're patient, you'll be able to enjoy low fees and fast speeds on Uniswap just like in the early days. Just my thoughts

[RealMalatesta]

There's nothing wrong with Uniswap. It's working just as intended. The real problem is Ethereum with its limited transaction capacity. It's normal to see gas fees soar all the way to the moon when people are heavily using the ETH blockchain. Only Uniswap developers will be able to "fix" the situation by adopting an off-chain scaling solution or simply wait until ETH becomes a full-fledged PoS cryptocurrency (ETH 2.0). Besides, there are other alternatives on the market each with their own advantages/disadvantages. People can decide which platform to use from the other based on their daily needs.

I don't see Uniswap disappearing anytime soon, since it's still the leading decentralized exchange in the smart contracts universe. No other AMM can outmatch Uniswap in terms of security/reliability and liquidity/trading volume. Gas fees won't be high forever, as the network will scale with subsequent upgrades. If you're patient, you'll be able to enjoy low fees and fast speeds on Uniswap just like in the early days. Just my thoughts

Unfortunately that ETH gas fee will not be solved for a long time, it is just not something we could get rid of easily. Thankfully 2.0 is coming but it is not a 100% guarantee that it will solve all the problems neither. If the interest keeps getting higher and higher every day, then the gas fee can't just stay low, it will always go up, even if you manage to make it like solana or something and have huge capacity, in the end we will see more transactions which will make even that type of higher capacity not being enough.

So long story short, ETH is always destined for being clogged in the long run, even if we end up finding short term solution, it will always come back to this.

[yohananaomi]

recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?

There is nothing that can be done by Uniswap regarding the fees, the Ethereum fees is off the roof and the hardfork is in motion and it will take long time to see the fees coming down, no idea how long it will take but for months you need to manage with these high fees if you are using any ERC 20 tokens. Many projects are providing multi chain options to overcome these situation.

no changes have occurred so far, as well as Uniswap which always carries fees that can even be higher than ethereum. We know that with very high fees, there are many platforms that grow with low prices and fairly fast transactions.

So it's all up to us to decide whether to use anything we can do and we don't need to stick to a platform that still has a high cost, ERC20 still hasn't made any significant changes. so we know that many projects have started moving to other platforms which are also quite good.
Of course there is nothing wrong with making changes if they are needed as long as they are available.

[Abiky]

Unfortunately that ETH gas fee will not be solved for a long time, it is just not something we could get rid of easily. Thankfully 2.0 is coming but it is not a 100% guarantee that it will solve all the problems neither. If the interest keeps getting higher and higher every day, then the gas fee can't just stay low, it will always go up, even if you manage to make it like solana or something and have huge capacity, in the end we will see more transactions which will make even that type of higher capacity not being enough.

So long story short, ETH is always destined for being clogged in the long run, even if we end up finding short term solution, it will always come back to this.

Exactly. Fees won't decline overnight. Several network improvements are necessary for people to enjoy the benefits in the long term. While we wait for fees to decline, we can use other alternatives that are built on highly-scalable blockchain networks. PancakeSwap is a much cheaper alternative to Uniswap living on Binance Smart Chain. If that's not enough, there are layer-two solutions and sidechains available on ETH to avoid paying high fees and waiting for transactions to get confirmed on the Blockchain.

I'd say Uniswap is doing perfectly fine even with high gas fees in play. It'll stand the test of time thanks to its decentralized and censorship-resistant nature. With due time, fees will decline making Uniswap great again. Exciting times are ahead with the ETH 2.0 upgrade, Sharding, and several other improvements. Just my opinion