Why Gas Fee is too High?

[DanielBroonze]

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

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[matjas]

If you think gas fee is too high now, then you werent around 3 months ago. The reality is, the deeper we are in a bull run, the higher fees will be. There are just too many hyped projects on ETH network right now. Im looking forward for ETH 2.0 which should fiy this issue hopefully.

[Kong Hey Pakboy]

If you think gas fee is too high now, then you werent around 3 months ago. The reality is, the deeper we are in a bull run, the higher fees will be. There are just too many hyped projects on ETH network right now. Im looking forward for ETH 2.0 which should fiy this issue hopefully.

When will this fix happen? I feel like the gas fee being exorbitant is a really bad thing for crypto as it hinders adoption because if you can't use it for small transactions then you will end up having to abandon it or having to find an alternative.

[Mr.Scott]

Somebody needs to keep it high to partake in the benefits. ETH gas costs being a worry of the overall trading public. ETH gas expenses are just high during congestion. ETH is charting its own course, independent of BTC. Tell us exactly how much will gas fees go down? From my perspective I don't know exactly however contrasting the current circumstance it could be 50% lower.

[Alf_m.h]

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

This is because the network is very busy, so traffic on the network increases if the network is quiet, the network costs will be cheap, this is the old theory "the more crowded a market is, the greater the cost of stalls because it is difficult to find stalls"

[GreatArkansas]

This is one of a lot of examples that Ethereum is only for those who got high volume amount transactions because if you just transfer or do the transaction with a small amount, transaction fee will just eat you.
A lot of people also keep telling this, if you want to do some small transactions in Ethereum especially on DeFi, just don't try it because of high transactions fees, that's why there are now a lot of alternatives for Ethereum with the cheap transactions fees.

[tabas]

Always look at the proper timing when the fees goes down. The lowest than I have seen for the eth fees is around 32 gwei.
I consider that now low when the usual surge is going more than 100 gwei.

[dhemasm]

When will this fix happen?

So far i know there is no exact date but it's will launched end of this year (Maybe Around Q4), Developer was really active and you can track the progress here https://blog.ethereum.org/category/research-and-development/

I feel like the gas fee being exorbitant is a really bad thing for crypto as it hinders adoption because if you can't use it for small transactions then you will end up having to abandon it or having to find an alternative.

Yes it can hinders mass-adoption but There already tons of alternative like Polygon and BSC that we can use, we can't really use Ethereum chain right now since the was really high and better wait until Eth 2.0 Launched.

[aylabadia05]

Ethereum's high gas costs are the main problem that is going on with Ethereum and I think that they (Ethereum) are also aware of. Of course Ethereum must be solving this problem. High gas fees are normal because Ethereum is a good coin, but very high is not good either and I will feel emotional too.

[khiholangkang]

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

Transactions on the ETH network are very congested, but everyone wants their transactions to be processed quickly, so people increase the gas so that transactions are processed faster

[gwdf1]

Actually gas fees depend on the activity of users. Sometimes the market is calm so fees are low, sometimes people are trading really actively, so one transaction costs 300$. If you are not satisfied with it, you can switch to some alternative networks. For example, on Polygon one transaction costs less than one cent, on Binance Smart Chain less than 1$. One more solution is to use layer 2 (Optimistic and Near for Ethereum).

[Anguwa]

The Gass fee in Ethereum blockchain is too high, and according to experts, the fee is as a result of the number of transactions been made under the blockchain, once there is too much volume transactions, there will be tragic and it will surely yield high fee for success of your transaction. I also have transaction to make in Ethereum blockchain, but because of the fee and the transaction I wanted to do is not too big I live it because of I make attempts to make the transaction, I will end up getting nothing than just to pay transaction fee, we hope the new version of Ethereum will help us out.

[mindrust]

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

It is happening because there is a bottleneck. The demand is high but the infrastructure can't handle that demand in a cheap decentralized way. If you can't afford to pay the price, use some other blockchain. People stopped using bitcoin for purchases for the exact same reason. If it doesn't work for you, use something else.

[martina14]

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

Sometimes I had been thinking as well why the hell eth gas fee is too high and I don't see the logic, Because ETH is the only altcoins implementing this kind of high gas fee in the transaction. But this time via Binance the gas fee transaction for ETH is getting normal anyway, as I observed it 2 weeks ago now.

[jrrsparkles]

Because the Mempool is receiving more number of transactions so the people who are initiating the transactions are increasing their fee for faster confirmation so it ends up in a chain reaction and high fee.

You can wait or join the chain reaction there is no other way.

[Ararbermas]

Actually it's not the same before 4 months ago, i guess. Because the gas fees was really too high reason some enthusiast prefer to used another assets especially those who always make transactions always ..but now seems gradually decreasing in my opinion after the fork, by the way if you can't afford the gas fees of erc20 you can pick another assets if your purpose is for withdrawal because that's the only way for now.

[Lordshiva]

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

Yes totally agree with you, its way too high and sending tokens in ETH network has became way too expensive. if you have many tokens of 20$ worth then they are all worth less because the gas fee it require would be more than that.

[GatotKaca]

Because the Mempool is receiving more number of transactions so the people who are initiating the transactions are increasing their fee for faster confirmation so it ends up in a chain reaction and high fee.

You can wait or join the chain reaction there is no other way.

installing a lower cost would also be meaningless. it will simply eliminate transaction fees with a failed transaction ending.
more and more transactions that occur using high fees trigger changes in fees that continue to increase. why can't this problem be solved quickly by the developer?

[jrrsparkles]

Because the Mempool is receiving more number of transactions so the people who are initiating the transactions are increasing their fee for faster confirmation so it ends up in a chain reaction and high fee.

You can wait or join the chain reaction there is no other way.

installing a lower cost would also be meaningless. it will simply eliminate transaction fees with a failed transaction ending.
more and more transactions that occur using high fees trigger changes in fees that continue to increase. why can't this problem be solved quickly by the developer?

OP is talking about the ethereum blockchain so it is not a new one and also undergoing lot of developments, even now the roll out of ETH2.0 is under progress so after the complete roll out we can expect the fee to be decreased drastically. But if the number of transaction coming into the network keeps increasing then there is no way to stop the increase of fee, probably you have to move to another coin which has higher TPS.

[firesurfer]

The high price of GAS on the Ethereum network depends on many factors.
First, is a short-term crypto market crash such as a drop in prices that causes investors to make a lot of transactions on decentralized trading platforms causing GAS to rise.
Secondly, DEFI, NFT, meme token, Animal token projects have been the trend of the crypto market. Most recently, Opensea has always accounted for the top 1 transaction costs on the entire Ethereum network.