Why Gas Fee is too High?

[pealr12]

I get frustrated anytime I have a little tokens to transfer to the exchange, just few minutes ago I paid gas fee of $13+ just to transfer few tokens to the exchange and it took 1 hour plus for the transaction to be confirmed, not very nice, eth network is becoming too difficult.

[1715215185]

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[ene1980]

unfortunately the eip 1559 has not solved the problem of high fees on eth, they probably remain at high levels thanks to the boom of the nft, for now it is better to fall back temporarily on the bsc blockchain even if it is not really decentralized waiting for better times

Do you expect ETH to be more decentralized after changing their algorithm to POS  . I am also curious to see what upgrade will solve their issues even if they successfully migrate to POS and how many bugs we will be encountering during its migration as it is a really tricky situation for them. You can blame the NFT craze for the rise in transaction charges but what is the end result and how long users will be willing to pay higher transaction charges.

[Bollexz1]

To my own little understanding, I believe NFT claiming is the reason why we're experiencing so much increase in gas fee due to congestion. And at this point, I don't think proof of stake is the solution we need but rather ETH 2.0.

[Darktongue]

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

Always read everything when you are facing some problem. Explain is clear everywhere ( all Ethereum support wallet) "Why Ethereum Gas fee is too high". The main reason is miners and their cost, also the blockchain problem. Ethereum 2.0 is the best solution which opportunity we can take between next year. Recently I hate ETH blockchain because it costs me 50 USD for a few transactions. Ok now my question is one, why can't we customize Ethereum gas prices?

[velosepur]

Gas fee is high this last few months and we can know when will get lower fees. During day price of erc20 transaction (fee) vary so try to check more times and try to catch good moment. Few days ago I saw it on 30 gwei. Dont see better option to try for now.

[GubiMixa1292]

The high gas price is due to the sudden increase in transaction traffic, this is often seen on the ETH network every day, this day the ETH price is so high that it has led to many costs for projects there, this is probably is a dilemma with ETH for many years to come, if they don't improve this a lot of projects will leave ERC20 to move to other platforms with lower fees, if you want to reduce the loss too much pay for gas fees or watch the timeline when transactions are less frequent near the night or early in the morning when gas prices will be very cheap.

[Orange89]

The gas fees is high due to the increasing demand of transaction in the Etherum blockchain which also make the platform conjected to take more time to verify a transaction the best is try to use other Blockchain but if it is mandatory then try to use at night where gas fees is slightly low as compared to day may be Etherum 2.0 solve the transaction fees issue

[Bikan]

One of the most crucial aspects to consider while making a decision is timing, especially when the costs are decreasing.
The lowest it's ever been depends on the situation. When the customary rush is greater than what we ordinarily experience, I consider that low. 

[iv4n]

The gas fees is high due to the increasing demand of transaction in the Etherum blockchain which also make the platform conjected to take more time to verify a transaction the best is try to use other Blockchain but if it is mandatory then try to use at night where gas fees is slightly low as compared to day may be Etherum 2.0 solve the transaction fees issue

We talk about Ethereum 2.0 for some time, in the meantime the price is rising and fees follow! I decided a few months ago to abandon Ethereum totally, I have some passive income and I will keep that for the future, I don't plan to use it anymore as I did before!
I guess Eth 2.0 will make some changes, but I got tired of waiting and paying high fees to get something done! Now I find some other chains a lot better than Ethereum is!

[kojektea]

This is common because of AMM exchanges that consume a lot of gas fee. They continue to go up to get the speed of the queue in transactions, the higher the gas produced the faster in queuing at the blockchain. This is an obstacle faced by ethereum.

[avarnet]

I've done a few transactions on Ethereum, especially on Dogecoin, but that's my experience, if possible don't ever try again with you guys like me it's because the transaction fees are high but the coins are few (the witness is a little big gas), but if the coins are a lot it's not feels because the value we have is large or large so it doesn't look big, what is clear is that the gas costs are large because the transaction network is too busy so it's jammed, so the alternative way is to increase the gas so it runs smoothly

[RussianEnglishTranslation]

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 the second post I have seen about this today. Gas fees on Ethereum are ridiculous. If you haven't moved your funds to other chains by now, you need to do so. I prefer trading and farming on spookyswap on Fantom and on Ref Finance on NEAR protocol, both are fast, have cheap transactions and high farming rewards.

[bryant.coleman]

It's already i suppose, There are tons of alternative out there that offering lower transaction fee like BSC and you can also bridging through layer-2 like Polygon. The best thing do right now it's sticking to some alternative network until Eth 2.0 Launched in the end of this year or if you still insist to use Ethereum then you can try to make an transaction on low-trade time (UTC Midnight).

Those who are dealing with tokens, that are using the ERC-20 platform, there is no alternative available. I am tired of hearing from noobs who complain that the transaction fee of moving their tokens to an exchange is higher than the net worth of their token holdings. For such cases, there is no solution available right now. Newer projects are increasingly shifting to alternate chains such as BSC and TRC-20. But those who are dealing with existing projects have to deal with ERC-20 and it's sky high fees.

[lixer]

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

High gas fees is because of the popularity of Ethereum, this is the same issue that we are all having with Bitcoin as well when it got to be very popular and the fees increased more than it used to be. Now that’s the same thing that ethereum is going through, and because it has gotten very popular that’s why the transaction fees has now increased.

If you look at the number of projects that are being launched on a Ethereum blockchain these days, there are so many, from NFTs, DeFi, and so many others. So it’s going to continue like this until it is fixed. But I am looking forward to the ethereum 2, I believe that will be a fix to all these problems that we are having with the current version of Ethereum.

[dhemasm]

To my own little understanding, I believe NFT claiming is the reason why we're experiencing so much increase in gas fee due to congestion. And at this point, I don't think proof of stake is the solution we need but rather ETH 2.0.

Not only NFT but DeFi and the others thing too, Ethereum Network was really congested right now since a lot of people was using it beside that some of dApps was based on Ethereum network which is making the network overloaded, It's good sign that Crypto was started to be adopted on global market but the fee was too high. We only can wait and hope Ethereum 2.0 Can fix this, For now it's better to use some alternative network like BSC, Polygon, Klaytn, Tron, Sol, etc.

[RiskySanchez]

This is a problem that Etherum has to solve because for platforms and technology it is good but Gas Fee is the worst, I even spent up to $100 USD for 5 transactions and it failed that's why many platforms have switched to Binance's BEP 20 type Smart Chain with low fees. I hope by the end of the year with the ETH 2.0 update the gas fee will be cheaper than before

[strunberg]

This is a problem that Etherum has to solve because for platforms and technology it is good but Gas Fee is the worst, I even spent up to $100 USD for 5 transactions and it failed that's why many platforms have switched to Binance's BEP 20 type Smart Chain with low fees. I hope by the end of the year with the ETH 2.0 update the gas fee will be cheaper than before

we have seen it many times and really harmed for retail traders that actually want to buy something in market. with more than 20$ for each approve transaction and swap, traders will slowly move to another chain that provide low transaction fee such as bsc or solana that be new trend in market now.Ethereum core team should as soon as possible moved and improve this main problem because eth market share taken by another platform now.

[Pelana vreo]

To my own little understanding, I believe NFT claiming is the reason why we're experiencing so much increase in gas fee due to congestion. And at this point, I don't think proof of stake is the solution we need but rather ETH 2.0.

Not only NFT buddy, you can see high transactions on Uniswap and DeFi exchange platforms.
I agree that ETH 2.0 is the solution to the high transaction fees on the ethereum network, but we need to be a little patient to see ETH 2.0 go according to the team's plan.
if you look at the current transaction fee, I think it's lower than in May, you can see it here.

https://ycharts.com/indicators/ethereum_average_transaction_fee

[Dragonfund]

Have you observed that the gas fee has just been now quite expensive due to market volatility?
I've noticed some changes since Ethereum launched the burning mechanism, such as the gwei not going down below 39, I've been wondering if this was done on purpose by the miners or if it's the average gwei for bitcoin transaction demand.
The price of gwei has risen, and the gwei displayed on etherscan.io always gives you double the gas charge of what you're sending. For example, it will display you 30 gwei for transmitting an ERC-20 address, but after confirmation, it will only take half of what was asked.

[ninabobo]

The high increase in prices also contributed to the increase of gas fees and this is really bad because how can a user pay over $110 for a $50 transaction, we where made to believe that the launch of the eth 2.0 will bring solutions to the crazy increase in gas fees but so bad nothing has changed so far, and this is more reason many projects are launching claiming to be eth killers which isn’t supposed to be so. Lately I found $Near which is a complement to eth which is you can bridge your ETH token to Near and enjoy the benefits of the Near blockchain.