eTH gas trouble

[Pejoh Asu]

This is a serious problem because a lot of my ERC tokens are only stored in my wallet and I can't withdraw, I've tried various platforms and the token transfer fee is always above $35, hopefully the presence of ETH2 will be the right solution to lower gas costs.

[JrRini]

At the moment ether gas fridge level in India he doesn't think anyone will chat for long. The token gas is increasing day by day and if it is not reduced then it is not possible for anyone to do ICO on it or bring new campaign and no one can exchange this with you.  If you have 1 dollar, you have to pay 20 dollars to exchange that 1 dollar, so I don't worry so much about you because I don't like stomach, it doesn't feel good, it has become very bad.  .

[ropyu1978]

i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.

the issue of eth gas which is booming now, now the gas fee is more expensive than the price of the cup, buy a cup for $ 4 but the fee is more expensive than the price of the cup, many people claim to be very interested in ethereum, but the problem of the high fee price makes most people .switch to another company, if ethereum boss vitalik buterin doesn't talk about the increase in ethereum gas, chances are their customers will turn to other companies...

[Rehan Zakir]

Yes. ETH gas fee is very high. So, most of traders avoid to make a transaction on ethereum blockchain. Their developers need to manage their transaction fee. I notice that its average transaction fees i near 40 to 50$. And when its transactions on peak its cost will be near to 100$. This is a very annoying thing. And that's why peoples avoid this network and shift it other. Optimism, Matic are there layer 2 models. There fees are very low specially matic (polygon). I mostly use this to make a transaction. It costs me in few cents to make a transaction through polygon chain. One day everyone will avoid this network if its price increases day by day.

[Dr.Osh]

I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.

they do that sometimes because they make big deals. I've made transactions of hundreds of dollars with large fees. well, my mind at that time, I'd better sell with a fee like that than nothing. Well, what I'm afraid of about coins that are only listed on DEX is that the price of the coin will fall, or it will become a rug pull. because of that, sometimes people will make transactions like that.
besides, there are those who feel that it is a cut that they don't feel lost. yeah, but still, for me it's also a very expensive fee.

[Kemarit]

I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.

they do that sometimes because they make big deals. I've made transactions of hundreds of dollars with large fees. well, my mind at that time, I'd better sell with a fee like that than nothing. Well, what I'm afraid of about coins that are only listed on DEX is that the price of the coin will fall, or it will become a rug pull. because of that, sometimes people will make transactions like that.
besides, there are those who feel that it is a cut that they don't feel lost. yeah, but still, for me it's also a very expensive fee.

Yeah, it make sense to pay high if you are going to trade thousands and up worth of ETH. But before, we can transact with low gas fees and it's very quick. But things have turn from good to worst when ETH gas fees goes skyrocketed and us ordinary traders cannot afford it.

Others chooses other network and swap their ETH because that is the best solution for now. But trading it directly is no longer any option except if you are whales with thousands worth of dollars to transact.

[fadil46]

I think when there are coins that are popular and expensive, it will have an impact on gas costs which are also expensive, in the past when bitcoin cost $125, transfer fees were less than $1 and some were even free, we could get cheap ETH gas fees if the ETH price was $100 or less.

Yes, what you say is clearly very true because this is very much in accordance with the fact that happened in the past where when the prices of major coins such as Bitcoin and Ethereum were still very cheap, the transaction gas fees were generally very cheap, and now is a comparison for the past.

[susuberuang]

The gas of sending money via ETH is more expensive than bank transfer, the hope of cryptocurrencies is to be able to send or move assets quickly, safely and cheaply, unfortunately ETH is out of this so that makes me not want to invest in projects that use the ERC-20 network.

It is very natural to avoid it now because it is undeniable that making transactions via the Ethereum network is always more expensive and this is of course caused by the price of Ethereum itself which is getting more expensive and there has been no improvement in the Ethereum network system so far.