ETH gas fees are a joke.

[SistaFista]

Ethereum gas fee was worse in the past, i think $9 is far lower than before.
When ethereum algo still pow, many miners were mining eth and got a good profit because the gas fee is very high.
Now ethereum algo is no longer pow, and the gas fee is getting better than before.

[abel1337]

I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.

Have you tried using ETH before or atleast last bull market? ETH is known for it's very expensive gas fees that will make you either regret using ETH or question yourself on why did you own an ETH blockchain token. Last bull market people are crazy minting an NFT with the crazy amount of gas fees. I myself paid my most expensive gas fee on a single transaction worth more or less 100$ on just a transfer. Even with current ETH update, Fees are still high in my opinion. I miss the days where the fees doesn't exceed a dollar LOL.

[TopTort777]

I am very disappointed with the performance of GAS fees in ETH. I do a lot of transactions with projects that make me have to use ETH but with a large fee, of course it will be difficult if I'm making small transactions. I mean how can a transaction value of $100 make me have to spend more than $10 in GAS? That looks like blackmail to me.

Have you tried using ETH before or atleast last bull market? ETH is known for it's very expensive gas fees that will make you either regret using ETH or question yourself on why did you own an ETH blockchain token. Last bull market people are crazy minting an NFT with the crazy amount of gas fees. I myself paid my most expensive gas fee on a single transaction worth more or less 100$ on just a transfer. Even with current ETH update, Fees are still high in my opinion. I miss the days where the fees doesn't exceed a dollar LOL.

I always find it funny how transaction fee is dependable from altcoins price, people want altcoin price to always grow, but complain that transaction fee price also increase Want cheap fees - use altcoin that cost nothing. If Ethereum would cost 200-300 bucks like it was in 2018, than it would be reasonable to complain that fees are high. But since Ethereum price is near 2k now, paying 10 bucks for gas seems to be fair price. If it is still expensive, than go to BSC or other blockchain.

[Abiky]

You don't have to think about that because on-chain data shows it all for us.

Since 2018, Bitcoin network has never gave us costly experience when we have to broadcast our transactions with fee rates like 50 sat/vbyte or 100 sat/vbyte to get a first confirmation within 30 minutes to 1 hour. It has never come back in the last couple of years even with Bitcoin Ordinal recent months.

https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),all,weight

Ethereum did not resolve its expensive transaction fee since 2018. Last 24 hours, average transaction fee is nearly $10. https://blockchair.com/ethereum

Full chart https://blockchair.com/ethereum/charts/average-transaction-fee-usd

It becomes cheaper than in the past years but is still very expensive for non-whale users.

That's because Bitcoin developers have implemented a series of network upgrades targeting scalability. SegWit and Taproot upgrades have made fees cheaper on the BTC blockchain over time. On the other hand, Ethereum hasn't dealt with scaling issues at a deeper level because developers have been hyping the PoS upgrade too much. Until Sharding comes in, ETH gas fees will continue to rise like there's no tomorrow.

Let's see how serious ETH developers are when it comes to making the Blockchain cheaper and accessible to all. I really hope they're not "stalling" people with the PoS upgrade, instead of focusing on what matters most (which is scaling the main Blockchain itself). L2 scaling solutions are good, but not all dApps use them. On-chain transactions is what every cryptocurrency is all about.

Fortunately, ETH gas fees won't stay high forever. With due time, ETH will be able to live the "glory days" as a cheap and fast Blockchain for "De-Fi". Who knows if lower fees will lead towards higher market prices for ETH in the long run? Just my thoughts

[carrie_white]

for me the eth gas fee has indeed been a problem since I first got to know the world of crypto, because the gas fee is very expensive of course, so it will be very detrimental if we make small transactions, therefore I prefer to use the BSC network

[Iadegbola34]

There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask

[Questat]

There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask

Yes, there is an option there but it was recommended to follow what has been suggested already because changing it low will likely end up failing the transaction process and short of fees. And sometimes it happens that it was deducted already in your wallet and you need to spend other $$$ to continue, meaning instead of thinking you pay less but in this situation, you are spending more. That is why we better follow what has been recommended gas fee or better to increase it for faster confirmation.

[WalkerIVIV]

for me the eth gas fee has indeed been a problem since I first got to know the world of crypto, because the gas fee is very expensive of course, so it will be very detrimental if we make small transactions, therefore I prefer to use the BSC network

the problem with ethereum is that, their gas fee was initially cheap enough, i'd say the required gwei aren't changing that drastically, but the value of ethereum is increasing so high that each gwei costs really high. therefore I think unless ethereum is losing its value, its gas fee will always stay this high.

[cryptoknightt]

There is no other way if you have ERC20 network type assets, I think gass $3 is very standard compared to last few months which can touch $15 per transaction on ERC20 network.
the cheap one at this time is definitely the BEP20 network

[shinratensei_]

There is an edit option on metamask when you try to approve transaction but the downside is that your transaction will take a long time to go through but it is possible. Alternatively, you can import your seed phrase to trust wallet. The gas fee is relatively cheaper compared to metamask

Yes, there is an option there but it was recommended to follow what has been suggested already because changing it low will likely end up failing the transaction process and short of fees. And sometimes it happens that it was deducted already in your wallet and you need to spend other $$$ to continue, meaning instead of thinking you pay less but in this situation, you are spending more. That is why we better follow what has been recommended gas fee or better to increase it for faster confirmation.

this is so true, editing the fee might be detrimental, after all if the fee set was far off with the current average gas fee basically significantly lower you gonna end up wait until few days and ended up cancelled instead which is massive waste of time, what's better solution is just to use alternative layer 2 solution and use the token that's available there after all many tokens like stablecoin in general have their smart contract available anywhere, so I don't think it'd be that big of a deal moreover arbitrum, optimism, have all integrated with most popular swap like cake and uniswap. i don't think one should sweat over the fee once they've switched over to these layer 2, they most certainly exists for reasons.
but if someone really need to use ethereum like maybe they've got nfts in there, then just wait until gwei required is decreasing.

[naikturun]

metamask only prepares excess fees to keep your transaction successful, the rest will be in your wallet again, I once sent eth and fees charged 10$ because the network was congested, but in the end I only got 3$ and the rest was returned to our wallet.

[Abiky]

There is no other way if you have ERC20 network type assets, I think gass $3 is very standard compared to last few months which can touch $15 per transaction on ERC20 network.
the cheap one at this time is definitely the BEP20 network

Some operations on the ETH blockchain consume more gas than others. For instance, sending an ERC-20 token costs less than swapping tokens at Uniswap exchange. It all depends on the complexity of the smart contract or token itself. If you want to know an estimate of how much you'll be paying in ETH gas fees, I'd suggest you take a look at Etherscan's Gas Tracker.

I wouldn't use the recommended fee set by Metamask, as sometimes you end up paying more than what the network is currently asking. Setting fees manually would be your best bet to save as much money as possible. There's nothing we can do about this other than wait until fees decline, use a L2 scaling solution, or switch to an alternative Blockchain network such as BNB or Polygon. Let's hope ETH scales soon, so it could become much more accessible to the "average Joe". Just my thoughts

[Bolivar_Tony]

You are very correct, i remember building stuff on the chain, testing was going good on the testnet, the moment i wanted to switch to mainnet to do the pilot test, the fees made us to discontinue the project, we have since started building stellar, In my own opinion, if etherum can fix this high cost of gas, I will be among the people to be building stuffs on their chain.

[theskillzdatklls]

Historically, speaking since EIP1559, the gas fees are pretty low actually:



But yeah, this is very much a weird subject. Because on the one hand, it's super expensive to use the network. And yet the ETH network is valuable enough that people use it anyway. And when people do that, all ETH holders benefit as ETH is burned away from the network, potentially forever since we're presently at -0.17% since the merge happened and decreasing.

The major thing I guess is for anyone that wants to use it to be very patient. Over the coming 1-5 years, there will be upgrades to the L1. Either that or start jumping on and using L2s.

[Dessy88]

There are many new project taken bsc network so you should move on bsc network for reduce your transaction fees. Personally i totally kick out eth network and now i am very comfortably bsc network. Here is bsc network low transactions cost with super faster network. Even many good wallet have a opportunity to use bsc network.

[alexsandrk20]

There are many new project taken bsc network so you should move on bsc network for reduce your transaction fees. Personally i totally kick out eth network and now i am very comfortably bsc network. Here is bsc network low transactions cost with super faster network. Even many good wallet have a opportunity to use bsc network.

I agree, the BSC network has lower transaction fees and higher network speeds compared to ETH, which makes it a better option for new projects. Honestly, I don't understand why ETH is so popular with such high fees. There are many blockchain platforms with very small fees but they are not in demand.

[libert19]

@op You should have waited a bit for PEPE hype to cool down.

I thought the so-called ethereuem network migration from proof of work to proof of stake will solve their network problems and to hear that ethereum holders still have to pay high gas fees for transactions is a show off of how the so-called proof of stake propaganda was a failed experiment.

That's misunderstanding. It was just transition, it didn't decrease gas fees, but it has created a platform for future enhancements that will lower the gas fees.

Read: https://www.blocknative.com/blog/will-the-merge-lower-gas-fees

[slashz9]

usually transaction fees go up due to congested network, you can wait until the network is not congested, but if you need it right away you are forced to send it.
this is one of the current drawbacks, if the cost-intensive increases, can the number of transactions not be increased to overcome problems like this.

[Oneandpure]

Current gas fees seems not stable and still expensive, usually when eth price going up not chance for lower fees with ETH transaction, last current faster gas fees on 50 GWEI and need spent above $8 until 15$ for each transaction swap on dapp exchange with ERC20 network. This weeks not any change with ETH gas fees because still expensive with ETH has stable on higher price, we are exciting when gas fees under 10 GWEI and spent 0,1$ for fees transaction. I can't claim with my airdrop coins reward with ERC20 network right now because have expensive fees transaction than coins worth, waiting next week and hope GWEI will drop under 20 and spent 5$ enough for gas fees transaction.

[disconnectme]

To be sincere if you have small accounts there is no need to keep using Ethereum, the gas fees are too high for small accounts you will lose all your funds to transaction fees and also there is a chance of your transaction being sandwich, One of my transaction was a sandwich on Uniswap and I lost $1400 to this attack. I have decided to move to blockchain which is faster and with cheaper transactions. This issue can't continue the developers need to do something, all these burning and deflation shill to me won't save Ethereum with time