what's wrong with uniswap?

[SyndicateLabs]

Yes, really it's not what users expect when the fee is too expensive, but think more positively about it because you are using limited things from it. Looking instead at the value it has brought from the recent change, I personally just find that not everyone is willing to pay this amount, but it is still happening every day. Currently, on the market there are many other platforms that bring satisfaction to participants, to me, if you don't like it, no one is forcing you to use it.

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[dhemasm]

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.

I suppose most of them it's Exchange or Big Entities, Yesterady i just seed $150 TX Value with more than $1k Transaction fee and it's coming from Exchange wallet, It's really ridiculous to use Ethereum network right now and as you said Layer-2 Or other alternative like BSC, ADA it's the best solution so far atleast untill Eth 2.0 Implemented, Well let's hope it's going to change on the the next Update.

[Roman_Picisan]

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.

I suppose most of them it's Exchange or Big Entities, Yesterady i just seed $150 TX Value with more than $1k Transaction fee and it's coming from Exchange wallet, It's really ridiculous to use Ethereum network right now and as you said Layer-2 Or other alternative like BSC, ADA it's the best solution so far atleast untill Eth 2.0 Implemented, Well let's hope it's going to change on the the next Update.

if we say the ether network that affects it is not because the uniswap is too high, the problem is that no one has been able to beat the ETHer network even BSC was born from this ETHER network, maybe it is necessary to build a new network but not from a supporting network but stand alone, don't be like BSC as if you want  beat the first parent.

[Abiky]

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?

Fees are insanely high on ETH right now. Who'd want to pay hundreds of dollars just to swap one token to another? Whales will be the only ones that could afford such high costs, leaving the average person out of the system. It's a pity since only the rich can participate in a highly-congested blockchain network. The London hard fork (EIP-1559) had little to no effect over ETH gas fees. Things are now even worse, as gas fees reached a historical All-time-high. Uniswap is built within Ethereum, so if the network gets clogged up, fees will soar like there's no tomorrow. I wouldn't worry about high fees on Uniswap, since there are many alternatives available on the market right now. If you still want to use Uniswap, then I'd suggest you wait until ETH 2.0 is released or gas fees decline to make your move. Just my opinion

[avarnet]

Because many altcoins use uniswap swap, so
every day the gas is different depending on how fast or slow the network is, so competing to put big gas so that the transaction is fast and you can open it on my website and pay attention from time to time
https://etherscan.io/gastracker

[jakasantosa]

In my opinion, each market usually has its own regulations regarding Gas Fee and each market also has a different price. Like Uniswap, it also has provisions regarding gas fees. By following the development of the number of Gas Fees on the market, UniSwap also increases the price of Gas Fees

[so98nn]

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.

That’s really bad for the ETH network and it’s economical environment. Actually it’s even wrong to use the word economical, since it literally misfits with the same. I still remember the days when ERC was so amazing they had almost instant confirmation of transaction with few cents worth fees. Today, as the price is increasing the gas fee is rising at an alarming rate.

Though price is high it does not mean everyone can afford it. It’s about the way we used to transact! For example, if I used to pay for X-thing costing me $7 in the old days, then same thing now costs me over $37 which includes 90% dumb fees.

Rise in the price is also useless because I will have to buy the ETH or Swap the coins at current rate. What exactly are they developing is big question.

[(o)(o)ilikeboobs(o)(o)]

The projects operating on DEFI UNISWAP have decreased a lot since other blockchains launched their DEFI such as BSC, Solana, Fantom, Polygon...
The reason for the recent increase in transaction fees is the explosion of NFTs and the high NFT exchange on NFT marketplaces.

[H1N1]

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?

Unbelievable! 500 gwei for transaction fee is too much for me. Better to wait for a good time to submit the transaction on ETH network.
Many altcoins are using uniswap indeed, but they actually can using pancakeswap on Binance smart chain to avoid high cost on transaction fee.

[tvplus006]

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.

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.

[Boomber]

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 think the fees from Uniswap are very expensive, because the gas fees from Ethereum are currently very high, so it affects for the fees from Uniswap, but I'm sure when the gas fees from Ethereum have become low, then of course the fees from Uniswap will be low too, because Uniswap uses the network (blockchain) of Ethereum, so fees from Uniswap depend on the gas fees from Ethereum.

[senyorito123]

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 am avoiding uniswap during swapping my coins or tokens, that was such a disappointing transaction fee and unfortunately sometimes when it failed you'll be losing eth. My experience made me to devastated with their service, hopefully there's an action for this, that helps correct the underlying problems. Without any choice you'll be risking your gas even $20 you must allow it just to sell your assets.

[umbara ardian]

The user demand on erc20 is huge, although you can see the fee is a lot, in fact many people are still willing to pay to get what they want, of course perhaps because of something like profit.
Personally, I feel it is a problem but not too serious, instead of trying to complain about it, we always have a lot of options available in this area.

[Roman_Picisan]

I think the fees from Uniswap are very expensive, because the gas fees from Ethereum are currently very high, so it affects for the fees from Uniswap, but I'm sure when the gas fees from Ethereum have become low, then of course the fees from Uniswap will be low too, because Uniswap uses the network (blockchain) of Ethereum, so fees from Uniswap depend on the gas fees from Ethereum.

after what has been discussed you just need to wait when the network is not so busy, if you talk about the price of ETH, the price of ETH is also crazy at that time you just do it at the right time.

[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.

[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?

That is not really the fault of Uniswap because they are built upon the Ethereum blockchain and a swap is a action that requires more than 1 transaction on the blockchain which is also the reason why a swap costs so much ETH for gas fees. When the gas fees are low it does not really matter that much because if you pay 2 or 5 dollars on fees for a swap is not that big of a different if you trade more than 100$ but in times of extremely high gas fees like during the time when the image you posted was made uniswap is almost unusable for normal and smaller trades. Who would make a swap that is worth 50$ if he has to pay 80 dollars in fees for it?

[Cornia]

Uniswap is not to blame for this.  ETH network is responsible for this.  Uniswap is a popular DEX build on ETH network. If the fee of ETH network increases, the transaction fee of Uniswap will increase and if the fee of ETH network decreases, the transaction fee of Uniswap will decrease. Many small traders like me now avoid Uniswap for this insane fee.

[Evgenklm]

it's always like this, I haven't been going to swapalki on Ethereum for a long time, I'm not so rich to pay$ 40-50 for one transaction, the higher the price of Ethereum, the more expensive we pay for commissions, and there's nothing to do until they do a full update of ETH 2.0. I really hope that this will be decided very soon, I use analogues.

[ene1980]

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.

[Rabi3]

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.

currently, right when I am typing this post, to send a token on ethereum network it takes up to $39 according to etherscan, and for me that is really high, also if a token is only on uniswap being able to send it won't do anything for you, fees are really high there is no doubt about it.