Why Gas Fee is too High?

[alviemery96]

First, is the short-term crypto market crash as the price falls causing investors to make a lot of transactions on decentralized trading platforms causing GAS to increase in price. and If high gas fees still shock you then you are probably a crypto newbie this always happens when prices go up, if you see the market is all green then you may also encounter high fees , the number of users can also affect gas fees, the higher the user, the higher the transaction. I have been trading in crypto platform for many years so I feel this is very normal.

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[Wawa2013]

the fees, the gas for transactions on the eth blockchain are really high, unsustainable just hope that with the arrival of eth 2.0 the situation will improve, in the meantime i am currently using other blockchains with more reasonable fees such as bsc and matic

The density of transactions that occur on the eth network makes gas costs on the eth network increase and that is why ethereum is now starting to perfect the ehereum 2.0 project which aims to increase the speed, efficiency and scalability of the ethereum network so that it can process more transactions and reduce congestion on the Ethereum network. just like you, now the BSC chain is an alternative that I also use to save on transaction costs that I do.

The more the price of ETH rises, the more transactions occur on the ETH network, this is what ultimately makes the gas fee on the ETH network high.
We as users can only accept that we have to be willing to spend more if we want to use the current ETH network. But don't worry too much,
because the ETH development team is aware of this problem and is trying to find a solution to reduce gas fees. One of them is by immediately
launching ETH 2.0 which is likely to solve the problem of high gas fees on the ETH network. We do have to be a little patient with this condition,
or maybe the other solution can be to try alternatives such as using BSC. But actually I always believe that the ETH team will do their best to
make the gas fee return to normal.

[coin-investor]

Ethereum is for millioners now, haha  
This is blockchain, don't you know how cool it is?
Bright future and long-waited financial freedom. Zero commissions, fast international transactions, complete anonymity... KYC? Just in some cases, when the big brother wants to be sure that this is you  

I would have to agree, I have $2.00 worth of token sitting in my wallet and had a token that is worth $20 if this is the Ethereum of old I can send that token to exchange with less than $0.25 cents,  but four days checking on the gas tracker it never goes down to $3, the lowest was $4 I don't want to add more Ethereum on that wallet, I prefer waiting for the gas fees to decrease, just lucky that price of the token I'm about to transfer is going up.

[PalindromemordnilaP]

Actually the scalability problem of ETH was already solved by ETH's cofounder himself in the name of Dr. Gavin Wood but unfortunately, he already left ETH and made eth 2.0 with its name POLKADOT.

Scalability problems has already been fixed on Near Protocol with a 100k TPS, Polkadot is great no doubt about that but honestly speaking near Protocol has a more user friendly blockchain that is ready for the masses, starting from low gas fees, fast TPS and UI & UX friendly, sharding will soon go live on Near blockchain and its gonna be fucking epic.

LOL! Near protocol isn't really that close enough or near to POLKADOT's power when its 100 parachains go live. Polkadot can do 1 million TPS and that's coming right from Dr. Gavin Wood's mouth. Polkadot is actually the blockchain against maximalism. No other blockchain can make ETH better except the creator of ETH himself (Dr. Gavin Wood).

1M TPS sample sources:
https://twitter.com/econoar/status/1260280979131756544?lang=en
https://cryptonews.com/coins/dot-polkadot/
https://www.fool.com/investing/2021/11/17/3-reasons-to-buy-polkadot/
https://financefeeds.com/polkadot-dot-solves-pain-points-but-scalability-to-1-mil-sec-is-not-live-study/
https://www.deltecbank.com/2021/11/11/what-is-polkadot/?locale=en#:~:text=Because%20of%20the%20Relay%20chain,transactions%20per%20second%20(TPS).

POLKADOT is just in its infant stage but already make it to the TOP 10 in terms of MARKET CAPITALIZATION since it was listed in the market last year. Additionally, it is one of most used blockchain already ahead of Eth in terms of Developer engagement:

Blockchain Developer engagement sample sources:
https://u.today/cardano-kusama-polkadot-top-list-of-most-developed-assets-ahead-of-ethereum-in-2021
https://news.coincu.com/51738-cardano-kusama-and-polkadot-lead-ethereum-in-terms-of-performance-in-2021/
https://pvplive.net/cardano-tops-the-pack-in-terms-of-developer-activity-in-2021/

Sorry mate but i don't even see Near Protocol's name there.

[Quantum907]

Expensive gas is certainly affected by very high transaction volume, and I think the current highest gas is from Ethereum, I want to send tokens worth $50 but transaction fees are $40 so I cancel the transaction.

[chakhigh]

It is a really high gas fee sent on the Etheureum network. There has to be a prompt solution for this tough situation.

I prefer TRC20 transactions. Better than the Eth fees.
With more Tron adoption, TRC20 will be huge in the near future. New Defi projects (like the Ferox/FRX token) will benefit from the low fees and fast transactions offered by the TRC20 blockchain.

BSC is another good option. But, we cannot guarantee the fees will stay this low in the future.

[feelideb]

Gas fee are high because the ethereum network is congested and there are many tx taking place.  The block size of ethereum is low compare to demand of transaction. If you must make a transaction on ethereum network, you may have to wait for a period when the gwei is low and that usually happens during weekend!

[dEjAvOU]

Many argue that gas costs are expensive because miners do a lot of tasks and verification so it costs money, I think this is a big problem if it can't be overcome then cryptocurrencies will die.

[panukurap]

The more calculations (calculations) required to complete the transaction, the more gas is required to complete the transaction. And it should be noted that the gas fee is not constant, the fee fluctuates depending on network demand. Some of the main factors that determine the gas fee is the price of ETH itself, the complexity of the transaction, and the number of people transacting at the same time. Gas fees can reach US $ 100 or even more, depending on the time when you make the transaction. Therefore, it's a good idea to avoid Ethereum peak hours to avoid high gas fees.

[Semar Mesem]

Demands for fast transactions with high transaction volumes make gas costs expensive, as is the case with Ethereum which currently has transaction volumes reaching 1.7 T/PS so it takes miners with high specifications and this is what makes gas very expensive.

[abralzain17]

Besides having high prices, another reason for the large transaction fees in eth is because transactions are very dense at the moment. And it could also be because many projects are building their contracts on the Ethereum network, I think this is the complaint of many people transacting on erc20, but for avoid it we can also use other networks such as BSC, and Matic

[kaka manteng]

In my opinion, every crypto that has a high price definitely determines its quality, for example, the Erc20 network. Density of transactions can also affect the high transaction costs. if you feel this is a burden because of the high transaction fees, I think there are many other alternatives that you can use. for example using a much cheaper network such as BSC, and polygon network. for now I think anyone would choose another alternative using a cheaper network.

[velive08]

Sometimes we feel not good after paying a High Fee on ETH   But I want's to know why this?

I feel my emotions with this

maybe you are not at the right time when making transactions so you get high gas costs. it's best when making transactions Always pay attention to the right time when gas costs decrease to 32 gwei, because for now 32 gwei is already in the cheap category, because usually when experiencing high spikes up to 100 gwei even more than that. Well, it's best to find the right time when making transactions to make it a little more profitable.

[Ever-young]

Earlier I was I use to think that gas fee are being measured base on the smart contract congestion, and how busy the Blockchain is, where individuals willing have to pay for transaction upfront. But now I see it's way more than that, because the bsc smart chain is during really well when it comes to daily transaction volume which is rapidly increasing, but the gas fee is nothing compare to that of ETH, sometimes I think that's how the Eth Developers have just set it to be.

[maartenhaha]

maybe you are not at the right time when making transactions so you get high gas costs. it's best when making transactions Always pay attention to the right time when gas costs decrease to 32 gwei, because for now 32 gwei is already in the cheap category, because usually when experiencing high spikes up to 100 gwei even more than that. Well, it's best to find the right time when making transactions to make it a little more profitable.

It's very rare to get a transaction fee of 32 gwei because the normal fee is above 50-80 gwei, I don't really compare the transaction fee prices when transferring token exchanges because I prefer selling tokens at a high price than waiting for a low gwei except for ETH transfers may need to wait to save fees transaction.

[ringgo96]

Indeed this is common in issuing ethereum gas transaction costs at that time, if ethereum continues to increase then the cost of gas will certainly be higher as it happens in bitcoin, so for now there are still other networks that we can do transactions and gas costs are cheaper than erc20, namely the BSC and polygon networks that are currently widely used by investors because the cost of gas incurred is very cheap, And I'm sure this network will solve your current problems.

[velive08]

maybe you are not at the right time when making transactions so you get high gas costs. it's best when making transactions Always pay attention to the right time when gas costs decrease to 32 gwei, because for now 32 gwei is already in the cheap category, because usually when experiencing high spikes up to 100 gwei even more than that. Well, it's best to find the right time when making transactions to make it a little more profitable.

It's very rare to get a transaction fee of 32 gwei because the normal fee is above 50-80 gwei, I don't really compare the transaction fee prices when transferring token exchanges because I prefer selling tokens at a high price than waiting for a low gwei except for ETH transfers may need to wait to save fees transaction.

it's true It's rare to get a transaction fee of 32 gwei , but it does exist and I've found it some time ago. but for now it's true as you said that the normal cost is above 50 to 80 gwei, and this is also high I think. but the solution is that we can do it by changing to another network such as Bsc and Matic

[haenko.near]

When Ethereum was developed, most likely they did not consider the possibility of such a heavy load on the network as it is now, + to this the price of the token has grown very much, which is the reason for such a high price for gas.
But smart guys have long come up with EVM, thanks to which you can avoid paying a lot of money for gas.  An excellent example of an EVM is Aurora, and which gas costs the same as in the NEAR blockchain, which is <0.01$.  Many Ethereum projects integrate EVM so that users can avoid paying huge Ethereum gas when using their application.  For example, you can find Aurora in DoDo, DeBank, Coin 98.

[AnonBitCoiner]

Sometimes we feel not good after paying a High Fee on ETH   But I want's to know why this?

I feel my emotions with this

They are working on this. They will provide a node system which will probably best solution to reduce the fee. There is high load of transactions in etherium network dur to higg usecase.
Opensea and Uniswap transaction are here very large. Eth 2.0 can be partial solution but will not at all.

[alpamar99]

Sometimes we feel not good after paying a High Fee on ETH   But I want's to know why this?

I feel my emotions with this

They are working on this. They will provide a node system which will probably best solution to reduce the fee. There is high load of transactions in etherium network dur to higg usecase.
Opensea and Uniswap transaction are here very large. Eth 2.0 can be partial solution but will not at all.

indeed, eth 2.0 is still one of the most awaited ones because with this update it is predicted that they can fix gas, which most people and ETH lovers are still complaining about.
But there is still no clarity about this and I feel that even though eth 2.0 is indeed launched, I don't dare to expect much because the gas will not decrease significantly I think