Why Gas Fee is too High?

[TelolettOm]

higher transactions, crowded transactions, increasing-price of ETH, and all tokens, will also give influence to the gas fee. Because most people will be transferring their tokens or Ethereum coin to exchanges and willing to sell them. That is why the transaction is very crowded and needs a higher fee in order to fasten it. I also hate the way ERC20 tokens have very high fees, moreover more than a hundred gwei.
That is why many new coins use Polkadot or BSC platform that has a lower fee.

[1714051736]

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[fadil46]

Ethereum's gas free is pretty much the same now I hope it will be much less soon but if it is then I will not use Arif Aryan because there is so much more I want to abandon it

Ethereum gas looks fine so far and there's nothing wrong with it, because if you say it's very expensive, then how much should you Gas Bitcoin in one transaction so you can be grateful when you see the cost of Gas on Ethereum, and if you want something totally Free for that then make your own coin like Vitalik has made Ethereum in the past.

[GatotKaca]

I have personally faced a lot of difficulties due to the high ETH gas fees. I have at least 100 tokens in my ETH wallet. But I can't lift these because of the high gas fee. If a token costs more than $ 100 I try to withdraw

Not to lose in terms of exchanging tokens in your ETH wallet is an option that you can run and wait for, the first is to wait for the price increase in your token, and the second is to wait for Gwei to fall on the Ethereum network.

but often we see an increase in the price of ERC tokens also getting support from an increase in the price of ETH. whereas if ETH goes up we can see transaction fees also increase. although this doesn't happen widely, I see every increase in the price of the ERC tokens I own, it must be followed by very expensive Gas fees.

[tabas]

In my opinion, the high price increase of Ethereum as it is today is also very influential on the increase in gas costs or expensive transaction fees. not a few people complain about this, especially bounty hunters in making exchanges that have to incur high costs 

It is true.
The price of Ethereum also plays that factor why it had became expensive and it's because of it. But the time will come that the fees will be low again but we don't know when and maybe it's after this bull run.

[velosepur]

In my opinion, the high price increase of Ethereum as it is today is also very influential on the increase in gas costs or expensive transaction fees. not a few people complain about this, especially bounty hunters in making exchanges that have to incur high costs 

It is true.
The price of Ethereum also plays that factor why it had became expensive and it's because of it. But the time will come that the fees will be low again but we don't know when and maybe it's after this bull run.

Recently, to send an ERC20 token cost me over US$60. To complete a simple UniSwap trade can run between $60 and $100 for each transaction. This situation will be till eth 2.0. release probably. I think, can be wrong but... Number of transactions and other factors impacts and we cant do nothing now.

[meldrio1]

Yep we feel bad when the gas fee is too high, as a small time trader it is very expensive for me, I really can't move my ERC20 tokens to the exchange because of the high gas. I don't want to pay high gas fee for the small amount of tokens. I hope that someday the gas fee will go down even the price of eth is still keep increasing.

[velosepur]

Yep we feel bad when the gas fee is too high, as a small time trader it is very expensive for me, I really can't move my ERC20 tokens to the exchange because of the high gas. I don't want to pay high gas fee for the small amount of tokens. I hope that someday the gas fee will go down even the price of eth is still keep increasing.

Sure, me too. I understand your situation now. Small amount of any token if send fee took big part of value. No other option than to wait better moment. I hope eth 2.0. will be done soon.That can make some changes probably, we will see.

[Cafex]

The main reason why we pay high fees while making transactions with Ethereum is that the high increase in the price. After we see a big increase in the price of Ethereum, it is really inevitable to see fees rising. When this happens, people start demanding Ethereum at a really high rate. This causes Ethereum network to slow down highly and fees to rise a lot. Ethereum developers are working on it now and I hope that they can find a solution for the high-fee problem.

[tabas]

In my opinion, the high price increase of Ethereum as it is today is also very influential on the increase in gas costs or expensive transaction fees. not a few people complain about this, especially bounty hunters in making exchanges that have to incur high costs 

It is true.
The price of Ethereum also plays that factor why it had became expensive and it's because of it. But the time will come that the fees will be low again but we don't know when and maybe it's after this bull run.

Recently, to send an ERC20 token cost me over US$60. To complete a simple UniSwap trade can run between $60 and $100 for each transaction. This situation will be till eth 2.0. release probably. I think, can be wrong but... Number of transactions and other factors impacts and we cant do nothing now.

Trades in swaps really costs because there's a fee that has to be paid. But if that happens on a centralized exchanges, the fees won't matter a lot.
And the fees on transfers would matter.

[Hannahanto]

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

Is normal for every one, when making a transaction and you get higher transaction fees some times your mood just change instantly and you might want to wait till the fee is down just imagine someone sending 40usd of ETH and the transaction fee is 27usd that's more than half of what you're sending. Ethereum gas fee will keep increasing as long as the price of ETH is high.. they are other networks out there

[Oneandpure]

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

Is normal for every one, when making a transaction and you get higher transaction fees some times your mood just change instantly and you might want to wait till the fee is down just imagine someone sending 40usd of ETH and the transaction fee is 27usd that's more than half of what you're sending. Ethereum gas fee will keep increasing as long as the price of ETH is high.. they are other networks out there

For ethereum network gas fees above $30 until $40 is normal and usually have that price for swap coin right now on uniswap or other dex exchange with ethereum network, if you think have higher fees using eth you can try with polygon have lower fees and using bsc still have normal under $1 as fees transaction, right now I quick from using erc network and keep use bsc for trading or swap coin.

[fauzan Ichsan]

Transactions in the ether network over a long period of time are too expensive by now it is clear that these gas prices are the norm rather than something surprising.
Use other networks and you will lose a lot less money on commissions and if you need a specific project then i advise to be patient and wait for a good moment.

Currently the Binance network or the polygon matic network is widely used, we can choose it to avoid expensive gas fees on the ether network. but unfortunately sometimes we still have our tokens in MEW, and like it or not we also have to use eth as a gas fee when transferring it

[DonFacundo]

It's because the ethereum price is increasing and so the gas fee as well. The gas is really expensive now and there is nothing we can do.. you should pay the expensive gas fee if you really want to transfer your eth or tokens but if you have tokens in the exchange you can switch the network like BSC or Tron these network are the cheapest fees.

[Sled]

I think its because of the high demand but low on supply (miners). There's nothing we really do about it because it's intended to make sure that transactions will get through from the sender to its recipient, the gas fee will be much higher if you want to include your transaction within the next block. Choosing a low gas fee has its risk that your tx will never get through and I think nobody wants that to happen. I suggest that you choose your every tx to be included in the next block to have a priority and not to lose your funds.

[cafee_orange]

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 what many people complain about today because Ethereum transaction fees are very different from previous years. this is due to a very large increase in the price of ethereum, I think this also affects the costs we have to spend in making transactions. but don't worry, for now I think it seems that ethereum transaction fees have started to decrease. but if you object to high gas costs, you can choose another solution by using the Bsc network or the Polygon network. all have solutions in digital currency transactions.

[izsara]

eth users always complain and it's true that now the gas fee has started to rise again after a few months ago it dropped quite a lot
but this may be considered by some people as a natural thing, considering that eth is currently in a bull run phase and now there are several projects that are loved, especially in the nft game that affects axie, which still has something to do with eth in transactions.
So, now I think something like this is normal and I also hope that eth 2.0 can fix this well

[Traderbtcc]

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.

The high gas fees was supposed to be fixed with Eth 2.0, but eth devs have failed to deliver it this year and now we have to wait for maybe another year to get low gas fees on ETH which imo is a downside for them, I think the best way to for crypto adoption to go a-wire is when there's low gas fees on that chain plus it's UI friendly good enough for the average Joe to understand how to use it, Near Protocol offers all these, starting from low gas fees which cost just ~$0.01 per transaction and user friendly interface that an average Joe can understand easily e.g their Web wallet wallet.near.org, eth gas fees have become unbearable for the middle class people so personally have stopped using eth and switched over to Near Protocol, if you can't pay eth gas fees, then stop using eth assets  .

[PalindromemordnilaP]

Because ETH only processes 13 transactions per seconds so the network becomes congested which requires more power from miners to validate transactions. ETH is a pain in the ass for small time investors or retail investors that is why there are lots of alternative blockchains today that offer fast and lower gas fees.

In other words, ETH sucks AF.

[PalindromemordnilaP]

The high gas fees was supposed to be fixed with Eth 2.0, but eth devs have failed to deliver it this year and now we have to wait for maybe another year to get low gas fees on ETH which imo is a downside for them, I think the best way to for crypto adoption to go a-wire is when there's low gas fees on that chain plus it's UI friendly good enough for the average Joe to understand how to use it, Near Protocol offers all these, starting from low gas fees which cost just ~$0.01 per transaction and user friendly interface that an average Joe can understand easily e.g their Web wallet wallet.near.org, eth gas fees have become unbearable for the middle class people so personally have stopped using eth and switched over to Near Protocol, if you can't pay eth gas fees, then stop using eth assets  .

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.

[Traderbtcc]

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.