ETH gas fees are a joke.

[Teraboy]

It is undeniable that the transfer fee for the Ethereum network is very high. It hasn't entered the bullish era yet, but the cost of ethereum gas fees has increased dramatically. Tomorrow you can figure out how much gas the Ethereum network will cost when it enters the bullish era. That must be very annoying because it will definitely go up again at a very high cost.

this is true, the high gas fee caused by the fact that ethereum has really high value, not because their gwei is high, even at really low gwei it still costs a lot, really unfortunate.

[1714863295]

1714863295

[lobo13hf]

No It’s not like jokes because ETH Gas fees always higher than others chain and eth one of the best strong chain that's why still now many people’s like eth and always going to transaction as well but i hope need to reduce eth gas fees and sometimes also facilities low gas fees just need to know when current time for low gas fee it’s good idea.

But you can equally choose the tracking moment when the transaction fee is minimal. Of course, with such a fee value, the desire to use the main ether network disappears. It is easier to overtake tokens over the bridge into Optimism or into the Arbitrium. It is at least less fees. But this is if the volume is normal, I think a trifle is not profitable to send through the bridge.

even bridging gonna costs you more than just transfering your token, there's no way out, if you've already got token in ethereum, you can only transfer from there and maybe to some exchanges to avoid fee, swapping is definitely worst idea right now.

[JeffBrad12]

It is undeniable that the transfer fee for the Ethereum network is very high. It hasn't entered the bullish era yet, but the cost of ethereum gas fees has increased dramatically. Tomorrow you can figure out how much gas the Ethereum network will cost when it enters the bullish era. That must be very annoying because it will definitely go up again at a very high cost.

if it entered bullish era the fees will become absymal and that's for sure. even right now swapping in platform like uniswap requires $30 which is crazy, i always reminded of the fact that in its competition that is bsc the fee was normal, only require less then a dollar, then in ethereum it's really high, i wonder how much the gaps of traffic between the two, is it that much difference that the fee could be really far from each other.
even layer 2 like arbitrum are just making things worse from my 2 cents, their batch submitter contract and sequencer are so active, that I wonder if things will get better or worse.

[Abiky]

What do you mean miners? its a POS now and not in POW so it must be cheap and scaled now like other L2 but this is not guaranteed as eth still suffers from network congestion especially if you interacting in 2or more contracts at the same time, eth for now still need many improvements to cater more demands.

PoS didn't have a positive effect on gas fees due to high network congestion. We can blame Vitalik Buterin for making ETH an "all-in-one Blockchain". Both smart contracts and accounts are running on the main ETH blockchain. It would've been best to separate contract deployment and/or execution from the main chain to avoid any bottlenecks in the long run. Now it's too late, as fees are rising like there's no tomorrow. Danksharding needs to be implemented fast for on-chain fees to decline by a large rate. Otherwise, we'd be stuck with L2 (off-chain) scaling solutions and alternative Blockchain networks that are centralized and unreliable (especially Solana).

Consider how Bitcoin's TX fees have been rising due to the Ordinals NFT craze. Would you imagine BTC being used for other things like domain name registration and tokens? It would add more burden to the Blockchain, resulting in higher fees and longer wait times. Let's hope ETH scales fast before other chains "eat its cake". Just my opinion

[Findingnemo]

Possibly this is the solution but I haven't used metamask for long time and even when I use I generally use the high priority because I don't like to wait too long which makes me frustrated. Anyhow even with ETH2.0 the problem still exists which is kind of worry for the future of ethereum because the alternatives are offering lower transaction time and fee but decentralisation is the only difference if I am not wrong.

Well i was answering to OP and OP was using metamask. Also i am not sure what you mean by "ETH2.0 problem" or what alternatives are you talking about. You can always use Layer 2 options like Polygon or Arbitrum as they run of ETH so you don't need to use more centralized blockchains. If you are sending wrapped eth, or any token really.

I mean the alternative blockchain like BNB, Tron and others are cheaper however ETH moved to Proof of Stake so the developer working on the switching process but it didn't solve the problem completely cause the gas fee of ETH is still high but lower when comparing with PoW however it's too high to do make transfer in day to day life.

[@sriyan]

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

I think it is due to more users, those who hunt airdrops making transactions again and again. In the Ethereum network, if you have more users, then it will congest the network.

[bittick]

I mean the alternative blockchain like BNB, Tron and others are cheaper however ETH moved to Proof of Stake so the developer working on the switching process but it didn't solve the problem completely cause the gas fee of ETH is still high but lower when comparing with PoW however it's too high to do make transfer in day to day life.

those alternative blockchain usually just didn't cut it because rarely some rather smaller scale coins deploying their erc20 tokens in various blockchain at best they'd just deploy it in layer 2.
so definitely there's reason why eth still being used so massively and frequently despite having some alternative blockchain because many tokens that are active still there.

[Yogee]

[...]
this is true, the high gas fee caused by the fact that ethereum has really high value, not because their gwei is high, even at really low gwei it still costs a lot, really unfortunate.

Let's see the current gas as of this writing,

Lowest - 106 gwei
Average - 106 gwei
Highest - 110 gwei

That's high and not just because ETH valuation has increased. I've seen lower gwei at the same price in USD. Let's just accept the fact that it still couldn't handle the high traffic so the headache of transferring ETH and ERC-20 tokens remains.

[bitkanu]

[...]
this is true, the high gas fee caused by the fact that ethereum has really high value, not because their gwei is high, even at really low gwei it still costs a lot, really unfortunate.

Let's see the current gas as of this writing,

Lowest - 106 gwei
Average - 106 gwei
Highest - 110 gwei

That's high and not just because ETH valuation has increased. I've seen lower gwei at the same price in USD. Let's just accept the fact that it still couldn't handle the high traffic so the headache of transferring ETH and ERC-20 tokens remains.

seemed right, eth gas fee so expensive because it couldn't handle the traffic, its scalability is just really bad, also the gwei required for transaction each block varies a lot, it sometimes only 15 and it sometimes require 110 like what you wrote, and the funny thing is that, many people are still willing to pay such fee just for the sake minting of some useless nft.

[ninoZNT]

You can try Polkadot instead of ETH. Polkadot is developed by Gavin Wood, he's very experienced. Polkadot can maintain a good position currently, where it has a good base to start growing once needed.
Polkadot is already developed very far compared to new projects because Gavin Wood has experience from ETH and now tries to build a solid coin, Polkadot.

[Psynthax]

You can try Polkadot instead of ETH. Polkadot is developed by Gavin Wood, he's very experienced. Polkadot can maintain a good position currently, where it has a good base to start growing once needed.
Polkadot is already developed very far compared to new projects because Gavin Wood has experience from ETH and now tries to build a solid coin, Polkadot.

switching over to alternative blockchain is easy, but what if the token and dapps that's available in eth didn't make their multi chain alternative and deploy their smart contract in something like polkadot it will be absolutely useless then, I think that's not good idea, if it's selecting alternative blockchain layer 2 will always be better.

[piebeyb]

It is undeniable that the transfer fee for the Ethereum network is very high. It hasn't entered the bullish era yet, but the cost of ethereum gas fees has increased dramatically. Tomorrow you can figure out how much gas the Ethereum network will cost when it enters the bullish era. That must be very annoying because it will definitely go up again at a very high cost.

On the one hand, the problem of expensive gas costs is an alternative way to burn the available amount of ETH supply, as we know that ETH supplies are not limited but they are used more by many projects so that the value continues to be more expensive, but apart from that there are also many a project that makes another alternative with Layer 2 to help with that problem, Ethereum hasn't really become a solution to be used by small users, most of them are rich users who burn tens of dollars just for transaction fees and I'm sure many millions of dollars every day burned for it. sad but strangely those people are still using EThereum

I think people should switch to blockchain networks which are cheaper in transaction fees because it helps cut spending on crypto transactions. My advice is to transact using ETh preferably on weekends because gas costs usually go down because there are not many transactions on that day.  

[ninoZNT]

You can try Polkadot instead of ETH. Polkadot is developed by Gavin Wood, he's very experienced. Polkadot can maintain a good position currently, where it has a good base to start growing once needed.
Polkadot is already developed very far compared to new projects because Gavin Wood has experience from ETH and now tries to build a solid coin, Polkadot.

switching over to alternative blockchain is easy, but what if the token and dapps that's available in eth didn't make their multi chain alternative and deploy their smart contract in something like polkadot it will be absolutely useless then, I think that's not good idea, if it's selecting alternative blockchain layer 2 will always be better.

It will take a time for project to be upgraded to new technology.
And many Altcoins have support of Ethereum.
Such coins, you can send easyli to an Ethereum address, Sir.

About DeFi application, it is a different issue but DeFi is also very high risk, Sir.
Ethereum is too slow still.

[@sriyan]

So I have to pay $9 ETH to transfer 70 USDT I just received, out of my wallet? And worse, transferring any amount of ETH will set you back $3 in gas fees.

I've just converted most of my ETH to BTC, and have $0.5 left in metamask. It claims to have an "advanced gas control" when you hit Send, but it's not showing me that.

Is there a way for me to lower the gas fees from metamask, or otherwise import the wallet into some other software?

I have the same problem. What is the point of the Ethereum 2.0 update? This will frustrate retail investors. What you can do is do the L2 transactions rather than using the L1 transactions.

[mdzahed134]

No It’s not like jokes because ETH Gas fees always higher than others chain and eth one of the best strong chain that's why still now many people’s like eth and always going to transaction as well but i hope need to reduce eth gas fees and sometimes also facilities low gas fees just need to know when current time for low gas fee it’s good idea.

But you can equally choose the tracking moment when the transaction fee is minimal. Of course, with such a fee value, the desire to use the main ether network disappears. It is easier to overtake tokens over the bridge into Optimism or into the Arbitrium. It is at least less fees. But this is if the volume is normal, I think a trifle is not profitable to send through the bridge.

even bridging gonna costs you more than just transfering your token, there's no way out, if you've already got token in ethereum, you can only transfer from there and maybe to some exchanges to avoid fee, swapping is definitely worst idea right now.

Swap is always expensive,i have an experienced in UniSwap exchange where i spend 100$+ transaction fees in 600$ worth of tokens when there was no way to reduce it. I stopped using Eth network for the long time ago, but sometime i can't avoid it, because of my several favorite coins are developed only Ethereum network.

[RewFrew]

ETH gass fee is very high. It is very difficult to pay that’s fees for traders and holders. For high gass fee eth network people reduce trajection.  I think it is very helpful for eth goodwell. Many prople use eth network but the now use BSC, Polygon or another Network. I couldn’t sell some  erc-20 token for high gass fee. I think the team members of this project should control this gass fees. Otherwise people will avoid eth.

[Rasa nanas]

the best way to avoid high gas fees on the ETH network is to wait for transactions on the ETH network to decrease, if transactions on the ETH network are still high there is no way to avoid high gas fees. arbitrum and SUI are making retroactive airdrops even more desirable and many people britge and swap using ETH. this is not a joke, if you are an airdropper with small capital you should avoid the ETH network. Yesterday I tried some of the features on metamask and did britge on the zk network hoping to qualify for the airdrop and from $100 ETH I only had around $70 ETH left.

[JahriMeayer]

You're basically sacrificing decentralization for low fees and faster transaction speeds. Rising gas fees on the ETH Blockchain, tells us that people are using it more frequently

Expect doing that,  i don’t aware of any method that help to make eth fee low along with smooth transaction. If anyone hesitate to sacrifice, then giving high fee is only an option. I agree that Rising fee means more traffic, more user using ether but i guess most of them have ability enough to afford such fee but alas! op isn’t in their list and so he is complaining.

ETH developers will soon roll out a series of network upgrades aimed to improve on-chain scalability. Once that happens, high gas fees will only become history. As long as ETH remains decentralized, nothing else matters

agreed. decentralized is only matter, otherwise Ether developers have been trying for many years but still no significant change has been seen durning transaction fees but i'm also optimistic about ether network upgrade what will let people transaction with low fee

[cloirecrom]

the only way it goes lower is wait for a day where transaction is low.
what acitivity push eth gas high anyway? market is bearish

[ARCADIA-OG]

I was also under the impression that PoS merge addressed the fees but is actually a later update for sharding what is going to improve that. ETH changed a lot in the 6 months since I reviewed it for feasibility for my project.

There is a big economy build around L2s and that is not going anywhere either. Just for small money transfer ETH is overkill. The community have shared plenty of good tips, but probably the easiest is to just hold until you really need it so it pays the transfer itself with valuation.

Is all about perspective. $10 fee might be a lot transferring $70, but a $70 fee is nothing transferring thousands, millions. People were paying hundreds in just fees to mint NFTs back in the original craze.

So what point it is then to keep holding a coin with such high networks problems?

Oh don't misunderstand me I'm not defending Ether, neither I'm going to endorse any alternative, I don't hold anything and a $50 is not too little from my POV, is higher than just doing an overseas SWIFT transfer + Taxes + bank tax. Even if the L2s were the real solution, it goes back to your question. Then what's the point of holding ETH?

I'm probably biased because I'm developing an idea, but seems like the pragmatic answer is: the EVM and ecosystem. I wish, but I'll not be using ETH due to, precisely, the fees and congestion. Even the fees and constrains of an L2 are too limiting for what I want to so, so I'll be doing a sidechain, and that will eventually need a bridge, and then we are back to step 1: you'll need to hold ETH and likely the token of wherever you want to bridge.

And free market kinda doesn't apply completely here, by having more L2 fees should go down, but since those are intrinsic to the L2 tech, then having more L2s will only make it harder to lower fees since there will be more pressure to keep the L1 fees as they are. 

ETH fees may lower someday, but it will not go that down as to nuke the L2 ecosystem, not happening.