what's wrong with uniswap?

[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?

[Silver80]

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

[Baimovic]

I have posted about gas being so big on the 28th yesterday and please find out there why it can cost that much https://bitcointalk.org/index.php?topic=5356571.0
Maybe you can also discuss today's gas there

[mu_enrico]

It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit. ETH is practically useless with the average fee of $30 (source)
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.

[asriloni]

It caused by something big happened with opensea or there might be an event and then people wanna try to raise their transaction fees to increase their priority in the block. Ethereum was always facing scalability problem again and again.
The blocksize must be increased to prevent the massive adoption. We must see what was happening with some NFT game and ethereum's traffic was spiking again.

Uniswap was getting a very big impact due to the people were using NFT. Remember that when KONG airdrop was happened and then it was also making the ethereum fees was increasing a lot.
This problem must be solved in the next EIP. I hope that the developers will not only focus on the utility but the blocksize was a very important thing.

[Jating]

It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit. ETH is practically useless with the average fee of $30 (source)
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.

Right, this is the most logical explanation, as ETH network gets congested, any other in-chain, cross-chain are going to be affected by it.

So there is this trickle effect that no body can control at this point and it will still be the bottle neck if ETH future releases or iterations are not going to look at the bigger issues such as the huge fees. Although there is an argument that the nodes themselves are to blame, still this is a part of it.

[Roman_Picisan]

I have posted about gas being so big on the 28th yesterday and please find out there why it can cost that much https://bitcointalk.org/index.php?topic=5356571.0
Maybe you can also discuss today's gas there

you are too confident to have discussed on the tread even though you only posted photos and the one who discussed was not you, and you just asked.

It caused by something big happened with opensea or there might be an event and then people wanna try to raise their transaction fees to increase their priority in the block. Ethereum was always facing scalability problem again and again.
The blocksize must be increased to prevent the massive adoption. We must see what was happening with some NFT game and ethereum's traffic was spiking again.

Uniswap was getting a very big impact due to the people were using NFT. Remember that when KONG airdrop was happened and then it was also making the ethereum fees was increasing a lot.
This problem must be solved in the next EIP. I hope that the developers will not only focus on the utility but the blocksize was a very important thing.

otherwise due to network congestion this could make it unsuitable for Ether networks to provide worldwide access. could cause people to switch from the ether.

[cabron]

It's been that high for a long time despite the update of the EP155 but I believe this is just for the swapping platform but if you send tokens to another wallet it's fine. The reason for the high fee on swapping platforms is because it's a complex transaction in which there are fees to pay to the liquidity providers and all that participated in the Defi platform.

[Jackl87]

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?

The prices for transactions on the eth chain are just way to high at the moment again. We are seeing higher gas prices now for almost  a month again and i just hope we don't reach the gas fees again that we saw during the altcoin bullrun back in May this year. Uniswap is a great platform which totally which totally changed the way that New projects can access the market. They can simply list themself on uniswap and don't have to pay huge amounts of money to get listed on a centralized exchange.

[cryptoaddictchie]

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?

Thats because of the eth network usage. Its not only about uniswap fees. Anything that uses eth network experience this fee. Yes its kinda frustrating but thats how eth when everyone uses it. I think they cant handle those massive transactions simultaneously thats why the fees increases so much.

But this will change soon when eth complete their migration.

[Melignya]

Found an interesting article on this topic, something really weird is going on https://blockster.com/blockdesk/1389_uniswap-labs-restricts-access-to-over-100-tokens-on-its-own-interface

[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?

Thats because of the eth network usage. Its not only about uniswap fees. Anything that uses eth network experience this fee. Yes its kinda frustrating but thats how eth when everyone uses it. I think they cant handle those massive transactions simultaneously thats why the fees increases so much.

But this will change soon when eth complete their migration.

everyone hopes like that, me and you as "crypto addicts"  need a refresher for the wallet or for collection only.  so that many cryptocurrencies businesses survive...

[Ever-young]

I think uniswap fee works with the high rate of ETH gas fee. And I think most times it works with the way the network and block is so busy.
Lately I have fully avoided trading on uniswap because the fee currently cost much more than the token which one wants to trade.

[pedrillo0]

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?

The gas rate varies in the hours of the day, as well as in the days.

It depends on how busy the Ethereum network is, this is how they are now:



From my point of view the rate is still very expensive, but it is the weekends when it is lower.

[zasad@]

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?

I like this service better.
https://www.gasnow.org/
This is not a Uniswap problem.
Ethereum cannot solve the problem of expensive transactions, so such prices will constantly appear during the demand for transactions.
I use Optimism, there are commissions of $ 1.5-2.5. This is also expensive, but acceptable if you want to work in the largest decentralized ecosystem.

[anu1908]

i wonder who on earth make transactions on eth this time. other than hedge fund and big players i guess no one else would love to pay $40 for a single tx. hopefully they move to l2 sooner than later so there's no need to pay a lot of money just to make an approval.

[Irazzzta]

There is nothing wrong with Uniswap, the problem is in the ethereum blockchain which is busy with overtransactions. the high price of ethereum also results in high transaction fees, so old or new token developers are starting to consider moving to other blockchains with cheaper gas fees such as BSC or MATIC. I personally have started to avoid assets that only use the ethereum blockchain for my portofolio assets.

[Psynthax]

Everything is very expensive with Ethereum and when the Ethereum needed for sending token reach more than $100 thats the time many people will decide to use BSC. I think it was because many transaction created for NFT and most of the NFT transaction use very high fee maybe because they want to have their NFT as soon as possible and it influence and make the gas needed very high. NFT is currently hyping again.
Recently its cryptopunk thats very hype because big company is buying NFT like this maybe because they got interested.

[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?

I stopped using Ethereum due to gas fees and moved my funds to Fantom. I'm looking forward to using Aurora on NEAR when it's ready, it's the best scaling solution for Ethereum.

[passwordnow]

Everyone is experiencing enormous fees due to the traffic that the Ethereum network has. That's why most of the projects that have main transactions being done in Ethereum network especially those ERC20 tokens and projects that are built through its smart contract are all affected by the high fees. Don't pay that much fee and wait until those fees get low and if the amount is acceptable despite of being quite high.