Why Gas Fee is too High?

[CaptainCrapper]

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

I don't know why they control Gas fees this is very bad for all traders and investors.ETH is the largest network system in the world but for the high gas fee we are losing our capital personally I always try to avoid eth network just only for the gas fee.

[MSN02]

Gas fees are so high because so many people are using ETH and there is still no sharding on ETH. Once ETH figure out how to utilize sharding the fees will be lower and the network will be faster. That’s why is switched to NEAR until ETH 2.0 comes out because it has sharding so the fees are low af and the network is fast. It doesn’t matter how many people join the network it’ll always be fast and cheap.

[Pom_bensin]

It has already been written in this topic above, everything is connected precisely with a large number of operations through the network, a high degree of community interest in projects, and a fairly high cost of the coin itself, I think that it will definitely not be cheaper if the developers themselves do not change the approach, and they before the introduction of 2.0, nothing is fundamentally, they will not change anymore.

to turn into a low-cost platform is unlikely to be done by ETH. maybe this could be the distinctive identity of ETH to be a high cost platform. maybe ETH will provide more different and better features in the future.

[sayam]

Honestly, I can't find any logic for this exorbitant gas price. I can't exchange many of my cryptocurrencies because of this high gas price. The same condition has been prevailing for the last few months. I'm hoping that ETH 2.0 will put an end to my wait.

[Jaered]

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

The cause is not far fetched. Ethereum is a very popular platform(at least for now) so it is home for a lot of transactions from the DeFi space. So naturally the price of gas should be bumped up

[matchi2011]

It has already been written in this topic above, everything is connected precisely with a large number of operations through the network, a high degree of community interest in projects, and a fairly high cost of the coin itself, I think that it will definitely not be cheaper if the developers themselves do not change the approach, and they before the introduction of 2.0, nothing is fundamentally, they will not change anymore.

to turn into a low-cost platform is unlikely to be done by ETH. maybe this could be the distinctive identity of ETH to be a high cost platform. maybe ETH will provide more different and better features in the future.

We never know. This issue was tackled a lot of time and still nothing has been changed. If possible, to use other chain better doing that instead of stressing yourself wondering. There are many available competitive chains now which do offer far lesser transaction fees.
BNB is one of the best example and if you are into exploring ADA and Sol are also hot now, you can check them out and see if opportunities using this system will give you some good benefits.

[mdzahed134]

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.

Absolutely right, it’s very disappointing when i faced such issue at the moment in Ethereum blockchain because i need to transfer small amount of ETH in other wallet, And i have ETH in Binance exchange but binance withdrawal fee is 0.005 eth (worth around 15$) where i will transfer only 10$. That means i have to spend 15$ fee for 10$.

[Mamun74]

Now ETH transaction network gas fee is very high.Every single transaction needs 10$-12$ gas fee right now.I think it will very big problem for us.I think that problem solve will be this year. I Think ETH gas fee solve this problem and development in future and Update ETH.2.0.

[konflikkastil]

What this high ETH gas fee has caused me, is not a small thing at all. The first experience is when I have to spend almost half of the money I realized from that coin due to that allow. Every single transaction now is above $10 which is too high for not only me but I think for others too. Cause have seen people talk about this on different platforms across. Something has to be done before the issue gets out of hand. It would be nice if we have something below $2. That will be good.

[goolesby]

indeed there should be an update of the Ethereum network and useful implementations such as scalability, security, speed and so on.
therefore I am looking forward to Ethereum 2.0 because of its ability to staking or locking crypto assets into the network and being able to earn some kind of “interest” like a deposit in a bank. This staking process is claimed to be easier and suitable for passive income.

[matchi2011]

What this high ETH gas fee has caused me, is not a small thing at all. The first experience is when I have to spend almost half of the money I realized from that coin due to that allow. Every single transaction now is above $10 which is too high for not only me but I think for others too. Cause have seen people talk about this on different platforms across. Something has to be done before the issue gets out of hand. It would be nice if we have something below $2. That will be good.

That happened before and I was assuming that ETH adjustment will be permanently but it's not, the value of gas fee is again too high
where small time traders are unable to deal with it. Most of those who have issue with fee are now switching to other alternative chain
they are not willing to lose their money with fee alone.

ETH needs to evaluate this again and try to adjust for much competitive gas fee.

[TheGreatPython]

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.

Absolutely right, it’s very disappointing when i faced such issue at the moment in Ethereum blockchain because i need to transfer small amount of ETH in other wallet, And i have ETH in Binance exchange but binance withdrawal fee is 0.005 eth (worth around 15$) where i will transfer only 10$. That means i have to spend 15$ fee for 10$.

There are many factors for this high fees like too many transactions and team is not responding like they need to do about this world wait for Ethe2.0 in London fork but nothing happen now we have some more frustration as devs are not responding as they have to talk about this issue if this is not solved in near future then surely peoples will be trying to have some alternative of this because recently we are watching few blockchains are coming, and their fees is low, and their features are also much better than Ethereum, so team must take some immediate action about these fees and give some better solution for users.

[Questat]

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

I thought there is huge changes after the upgrade but it was really disappointing as the fees were still high and it never encourages people to use ETH but instead of finding another platform that could offer low fees.
I'd never think about there is huge demand because if there is, then we also think that Bitcoin fees will also be high but it was not the thing we saw. Only ETH has that surge and honestly, it has become a burden to the user like paying $10-$20 depending on the speed confirmation of the transaction, it finds ridiculous.

[darahjuang]

It can be expensive because Ethereum feels this Altcoin is an Altcoin with a high level of interest and they feel it is a good Altcoin. Another reason I can't explain why the cost of ETH gas is expensive is because I, like you, are still looking for an explanation from people who know more about this.

[Woodie]

From my understanding and experience of why gas fees are high is usually because of demand! If you remember the days of the crypto kitties gas fees were high because Ethereum network was constantly engaged and anybody that wanted their coins moved in the next block had to pay a much higher transaction fee to be the highest bidder so that miners could prioritize moving your coins and same thing happening now which is usually during peak hour but to save on fees try sending your coins during the late and early hours of the day,so if you are in no hurry try to take advantage of being the early bird to spend less on TX fees.

[Jaered]

It's Ethereum blockchain and high gas fees is intimate to it. Imagine trying to by buy a token worth $50 and paying gas of $50. It's of no use and it has out me off dabbling in anything on that platform. Instead I look out for tokens with BSC or Matic cross bridging, these projects or platforms have low gas fees at least

[huu78]

Logically I can explain like this.

If we want to go somewhere by taxi, and there are only 10  taxi available, but who want to order and ride the taxi are more than 1000 people at that time, then what happens? of course the taxi will choose which of them can pay more for its services.

That's what's happening at the moment, ETH is being heavily used so the gas fee is very high. Each transaction will be processed if paying a higher fee.

[tabas]

Check gas station feature of Etherscan and follow the page for getting actual info regarding token transfer fee on Erc20 network. If the bull market continues it will be hard to process transactions less than $10 fee, unfortunately.

411 gwei is the one that I've seen. I'm surprised to see that because while I'm checking on it, the highest was just around 50 gwei and after that moment a few minutes has passed.
It went high to 411 gwei and now it's back to 114 gwei. It is for sure tha it was made many erc20 tokens that clogged the network.

[crzy]

Check gas station feature of Etherscan and follow the page for getting actual info regarding token transfer fee on Erc20 network. If the bull market continues it will be hard to process transactions less than $10 fee, unfortunately.

411 gwei is the one that I've seen. I'm surprised to see that because while I'm checking on it, the highest was just around 50 gwei and after that moment a few minutes has passed.
It went high to 411 gwei and now it's back to 114 gwei. It is for sure tha it was made many erc20 tokens that clogged the network.

Fees are getting higher maybe because of Mining companies in China are being forced to suspend their operation and that could really affect ETH network. Well, this has been a problem since last year and that’s why many choose other network as an alternative, ETH has to do something about this one. If there’s no choice to use other network, then wait for the fees to go down a little.

[goinmerry]

Fees are getting higher maybe because of Mining companies in China are being forced to suspend their operation and that could really affect ETH network. Well, this has been a problem since last year and that’s why many choose other network as an alternative, ETH has to do something about this one. If there’s no choice to use other network, then wait for the fees to go down a little.

I think it doesn't have to do with that. Fees are already a problem even prior to China suspending and banning crypto transactions. There's no choice but to wait for some deployments to fix the issue about fees. There are other networks too with low fees such as BSC, Kardiachain, Waves.

We need to be used on this from now. High fees will now be always on our regular transactions.