I'm getting tired of the high fees for gwei

[merekamo]

Gas fee for ETH is indeed high and is valid until now. However, there are other factors that contribute to the high cost, such as the limited scalability of the current Ethereum network. If you need lowest, don't use ETH .

Blockchain Ethereum can only process a number of transactions per second, which creates obstacles at high demand. This leads to the development of Ethereum 2.0, which aims to overcome this scalability problem and ultimately reduce transaction costs. While the dynamics of supply and demand are the main factors in determining transaction costs, technical limitations that underlie the Ethereum network also play an important role.

[carrie_white]

I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee

[SUPERSAIAN]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

There were times when it drove me crazy as well. High mining fees on the Ethereum network were when I paid high fees, sometimes depending on the situation. If the trade you will make is a waitable trade, wait for the intensity to pass and try to trade during the less busy hours of the day. Even in the Bitcoin network, there were extremely high payments recently. Unfortunately, all networks have scaling problems.

[tvplus006]

I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee

In most cases, this is due not to our desires, which network to use, but to the realities existing in the cryptocurrency market For example, before the Pepe coin was listed on CEX, it could only be bought on the Ethereum network on a decentralized exchange. And your desire to use the BSC blockchain could not allow you to buy such a coin on this network.

[southerngentuk]

The status of both bitcoin and ethereum trading networks is not very good. So I'm also quite tired of having to make a forced transaction for this network. Even when friends encourage using the polygon network, sometimes I feel quite annoyed by network congestion and abnormally high transaction fees (although the value is still very small compared to the above two transaction networks). Hopefully, the status of the trading network will stabilize, and everyone should be less stressed about this as well.

[Bolivar_Tony]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

you can always alternatives for the purchase of what you are trying to do, if for example you are building an app on top ethereum, you can go for other chains with lower gas fees, I had the same issues with etherem, i have to migrate to stellar because they have lower gas fee.

[JeffBrad12]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

you can always alternatives for the purchase of what you are trying to do, if for example you are building an app on top ethereum, you can go for other chains with lower gas fees, I had the same issues with etherem, i have to migrate to stellar because they have lower gas fee.

maybe if its for testing purpose that's still make sense changing over to other chain if one is building an app, but it might be better to use the test blockchain instead.
the thing is that, you still have no choice but to deploy in ethereum blockchain if you wanna make your app meaningful, despite the high gas fee, it's still can't be denied that ethereum blockchain, in term of traffic far better than the rest of the alternative.
therefore it still make sense to deploy an app in ethereum instead, even layer 2 aren't having the same ecosystem like ethereum and recently many coins that has gained success are all in ethereum blockchain, so I doubt you could just move on to another alternative blockchain that easily.

[pantek talacuik]

I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee

BCS does have cheaper transaction fees than ETH but that could change after a big increase in BSC later, I think there will be an increase in gas if the price goes up again but this is just my prediction don't think about it too much. But I like both types of coins to continue to grow.

[podluznyj]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

yes, I completely agree with you, the prices for transactions are very high, it’s not possible to do any simple actions for everything, you have to pay crazy money, as for me it’s all wrong, you shouldn’t raise such huge prices for transactions, because quite recently there were adequate prices for transactions in aisles of the norm, and everyone was fine, the people made a lot of transactions and all this was a good profit

[Argoo]

The ethereum network continues to be updated. Ethereum developers, during a recent call, approved the details of a future network upgrade called Dencun (Cancun-Deneb), which is expected this year.

A key component of the upgrade will be an Ethereum EIP-4844 improvement proposal known as Proto-Danksharding. The option scales the blockchain by introducing a new type of transactions for large arrays of binary data (blobs) and organizing their storage. This is intended to reduce commissions for L2 solutions based on Rollups technology.

Among other changes, the hard fork includes:

EIP-1153 - reduces fees for storing on-chain data and optimizes block space;
EIP-1153 - improves the efficiency of cross-chain bridges and staking pools;
EIP-5656 - makes minor changes to the Ethereum Virtual Machine;
EIP-6780 - removes code that can prevent smart contracts from working.
The developers have not determined the exact date of activation of the update. This is expected to happen by the end of 2023.

[icalical]

The best option is to move to other smart-contract, I think other smart-contract like BSC, MATIC, and AVAX are starting to catch up with ETH and you might fill your need with one of those platform, and definitely cheaper than Ethereum.

[Godday]

The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

Its Like what Ratimov said in thread The bitcoin blockchain is on its knees again that NFTs have done a lot of bad to crypto networks like BTC or ETH.
I really regret that when NFTs became a trend then people tried to trade NFTs. Many NFTs have been minted and that has created a lot of "trash" on the network.
The solution I'm thinking right now is to choose a BNB because that's the best in my opinion.

[zonefloor]

The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

Its Like what Ratimov said in thread The bitcoin blockchain is on its knees again that NFTs have done a lot of bad to crypto networks like BTC or ETH.
I really regret that when NFTs became a trend then people tried to trade NFTs. Many NFTs have been minted and that has created a lot of "trash" on the network.
The solution I'm thinking right now is to choose a BNB because that's the best in my opinion.

Absolutely I agree. With the addition of NFT to the Ethereum network, the network started to swell a lot, but the most important point that was overlooked was that people paid too much money for things that would not cost money and watched them go to waste before their eyes. There is still a lot of money going around NFTs going the same way. In short, why people pay so much for simple pictures.

[bittick]

The best option is to move to other smart-contract, I think other smart-contract like BSC, MATIC, and AVAX are starting to catch up with ETH and you might fill your need with one of those platform, and definitely cheaper than Ethereum.

those aren't smart contract though but blockchain which have the capability of deploying smart contract, but that true though, the only solution that quite literally make sense, just move over to other blockchain, maybe l2 where it's easier, and the fee related problem gets solved, but of course with disadvantage of lesser quality of the ecosystem.

[JeffBrad12]

I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee

can't make such compromise if the newest trend are always in ethereum though, i just think that if we truly wanna find some good opportunity of flipping money it's always ethereum that's gonna be best choice, even
though there are many other blockchain that usually have good and cheaper blockchain, like bsc or even probably those layer 2, but seeing from my experience, the coin that usually rise so much are always
in ethereum, only lately that some of the coin are in layer 2 blockchain but that's not long lasting either.
after all, the capital are flocking in ethereum and it seems thats not gonna change anytime soon.

[LogitechMouse]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

You only have 2 options.
Either you continue to use Ethereum despite the high transaction fees, or not use it at all.

Besides, as of this moment, the transaction on Ethereum Blockchain is around $0.50 already. Maybe by the time you posted this, the fees is very high, but nonetheless, the fees right now is very low compare to how high it was in the past. One thing more is that, Ethereum isn't the only coin there that's offering smart contracts. There are others as well like MATIC, ATOM, ADA, etc. You might try them instead of expressing your disappointment towards transaction fees of Ethereum.

The solution I'm thinking right now is to choose a BNB because that's the best in my opinion.

Well, this might be a good option, but I might stay away from it for a bit after what happened to them.
I think that CZ will overcome this problem of them, but I just want to be safe, just in case the worst case happens.

[huu78]

If you are tired of the high fees for gwei, I suggest you not use it anymore and choose another coin. Nobody is forcing you to stay on the Ethereum network, and now there are many options you can use, and you don't have to pay high fees for gwei.

That is a risk we have to accept in using the Ethereum network. However, high costs will not always exist because it depends on the level of network activity. Maybe you need to look for other solutions that can lower transaction fees so you can accept it.

While it's true that high fees can be a deterrent for some users, it's worth noting that Ethereum remains one of the most widely adopted and established blockchain networks. It has a robust ecosystem, extensive developer support, and a wide range of decentralized applications (dApps) and projects built on top of it. Many users find value in these features and are willing to bear the associated fees.

[AbuBhakar]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

The standard gas fee of Ethereum for sending transaction is as cheap as Bitcoin right now. The fee dramatically decreased after the implementation of the PoS as consensus mechanism. The high fee you are describing is from the Dapps itself which typically charge extra fee aside from the network fee for taxes and business profit.

Etherum dapps is worst because they are abusing the current demand on Eth dapps to charge unreasonable fee to their customers. Uniswap is the number dapps that charge expensive fee for making a trade.

[newdevices]

The best option is to move to other smart-contract, I think other smart-contract like BSC, MATIC, and AVAX are starting to catch up with ETH and you might fill your need with one of those platform, and definitely cheaper than Ethereum.

those aren't smart contract though but blockchain which have the capability of deploying smart contract, but that true though, the only solution that quite literally make sense, just move over to other blockchain, maybe l2 where it's easier, and the fee related problem gets solved, but of course with disadvantage of lesser quality of the ecosystem.

There have been problems with Ethereum gas fees since 2020 when Ethereum pumped high and tried to become Ethereum 2.0,
but unfortunately the gas fees have not been resolved and even the Dapps created on the Ethereum network are currently decreasing.

[molsewid]

The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.

It's been ages, we don't have anything about it. People uses erc20 and we all know how much gas fees we need to do and if you want little bit faster you need to add more fee, if your transaction has other option maybe try other chain which is lesser in fees and faster. We need to get used to it especially when bed months come fees and the amount of time will be doubled.