Ethereum gas fee

[Volimack]

Gas fees have increased to boost the price of Ethereum. Ethereum gas fees exist because resources in the form of computational power are used to operate the Ethereum network. In fact Ethereum gas fees continue to increase through the network. For many it is expensive and many investors cannot exchange due to high gas fees. You can use the exchange sites where the amount of gas fee is less.

[BD Technical]

It wasn't like this before but now that I'm awake it seems like it's a liability to do anything with this loan.  But if the price of Ether was the same as it was in 2017-18.  It was like BNP in 2017 because gas was still low but suddenly Donald Trump came to power.  It's not going down because of Ether gas and Joe Biden.  But if gas tape could be reduced on this cable then it would be better for all of us because everyone enters this bank.  In case of holding and unable to exchange due to lack of gas fee, it would be easier to exchange if gas is reduced.

[yazher]

Network congestion is the main culprit especially on a busy day nowadays in the Ethereum network, there are lots of transactions and you need to pay a decent amount of fees to quickly send your transactions which is not recommended if you are a small trader like others who were sending ETH to their local exchanges with some amount that are even equal to the gas fees some time. So that's why this scenario is not new and they don't have any plan to fix it since the only people that are not pleased with this are those small traders, as for the big ones, they seem not bothered with the high gas fees.

[dunfida]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

Blockchain congestion and operation complexity on which this is something
that the main reason on why ETH gas is too high compared among other chains.
Better get used to it if  you are just new, but there are moments or times of the day where gas is still low.
You could be able to check out these places for that one;

https://axie.live/
https://gasnow.io/en-US/

Make transactions into the amount of fees that you could be able to afford the fee but
if you are rich then this wont be an issue.

[JayTrain]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

I believe that gas fees on the Ethereum network can be higher for several reasons. Firstly, Ethereum is one of the most popular blockchain platforms, hosting a large number of projects and applications, which can create competition for block space and consequently drive up fees. Secondly, the Proof of Stake (PoS) consensus algorithm used by Ethereum doesn't always guarantee consistently low fees compared to networks with other algorithms. Additionally, the growing interest in DeFi and other applications on Ethereum can lead to increased demand for transactions, further driving up gas fees.

[jrrsparkles]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

Because of the blockchain module every project has their potential TPS so if more transactions are coming then the queue will be longer then you may have to pay higher fee if your transaction has to be confirmed faster. ETH is making some changes but we can't compare the fees with other blockchain and if you still feel the gas fee is not worth then switch to the chain where it's cheaper. As far as I reckon BNB is the most cheapest comparing others of similar kind.

[tajimas]

TBH, I don't know how Ethereum will solve this high gas fees problem, and to my surprise, there are still many new projects that are being created under Ethereum, and I don't know the reason why.

Project built on Ethereum nowadays simply lets you know that it is backed by more competent and serious teams, Devs and joint venture partnerships, most of them ends up been a very good project with higher value and brings newest innovations in the space thereby making their investors trust in them especially during funds raising. It's a good one to consider project in eth although the bigger boys I mean the whales can only participate because they could afford to pay for transactions fee.

[husencoe]

I think this is the biggest problem with Ethereum and Bitcoin right now.  Many people are abandoning transactions with Ethereum or Bitcoin and switching to coins that have smaller transaction fees.  Maybe this is due to the large number of tokens that exist and run by the Ethereum Blockchain and its processing methods.  I really hope that the Ethereum fee problem can be resolved soon by developers.

 If you want to send your assets to an exchange, it is better to choose another coin supported by the same exchange so you can save a few dollars.

[Sophokles]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

Due to the intensive traffic, the ETH network has limited traffic handling capability. Users wanted to do their transactions faster than others, so they paid more fees, and when a few thousand users are doing this every minute, just think what would happen. This problem will be solved with the new upgrade the ETH network will have. This is set to happen around March, so i guess gas fees for the ETH network will be reduced 10 times compared to their current situation. With all the layer 2 eth gas fees isn't a problem for the majority.

[$crypto$]

There are certain hours where you can wait for low gwei to make transactions on the Ethereum network, but I assure you it remains expensive in contrast to other altcoin networks.
Agree with some people say because that is the factor where Ethereum transaction fees are expensive.

Average prices,
ETH Transfer - 75 gwei or $4.77
Swap - $81.98
NFT Sale $138.54
Bridging - $26.37
Borrowing - $69.55

It makes sense that even bridging from ETH to other networks requires $40, let alone selling NFTs on the ETH network is much higher.

[tsaroz]

Ethereum is a huge blockchain with a lot of transactions happening at instance while it's technology was not meant to handle this much traffic. The price of Ethereum is inflated so we need to pay larger amount compared to the USD value. The best way to avoid the huge Ethereum fees is to avoid using the ethereum network itself. There are several alternative to ETH ecosystem that are faster, cheaper and technologically superior.
It's not a bid deal to spend $10 on fees if you are doing one time transaction over $100 but this becomes unbearable when you are paying that fee on exchanging or transferring other tokens. Ethereum can live as an speculative coin like Bitcoin but it can't function as an ecosystem.

[bitzizzix]

Ethereum network transaction fees can be high due to several different factors, in addition to Ethereum's popularity. And high demand causes network congestion and the ability of blockchain platforms to execute smart contracts is the reason why gas price fees remain high, and although Ethereum network transaction fees are high, this does not reduce its popularity.
And if you don't want Ethereum network transaction fees to be low, you can wait when traffic is quiet and that is a good way to save money on gas fees or not make transactions until it returns to normal but it takes quite a long time.

[cryptoWODL]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

Many people have thousands of questions about why the Ethereum platform or Ethereum coins have high gas fees. Some of the reasons for the increase in the amount of gas fees of Ethereum coins are the high popularity of Ethereum coins and the high usage of Ethereum coins. Moreover, when the price of ethereum coin increases, its gas fee also increases. Gas fees increase whenever demand for the Ethereum network is high. Sometimes the demand on the Ethereum network and the complexity of transactions increase the amount of Ethereum gas fees.

[poodle63]

Gas fees have increased to boost the price of Ethereum. Ethereum gas fees exist because resources in the form of computational power are used to operate the Ethereum network. In fact Ethereum gas fees continue to increase through the network. For many it is expensive and many investors cannot exchange due to high gas fees. You can use the exchange sites where the amount of gas fee is less.

if we are talking about trading then yes exchange site could definitely help to save money because the trading transactions are processed off chain basically absolutely no interaction with the blockchain whatsoever but if its about withdrawing they definitely charge really high fee, if i remember they charge about $8 to just withdraw ethereum alone which honestly should be cheap if you just send it directly from one address to another when the gas are low you just need timing when it come to making transaction inside ethereum.
you know sometime today the gas fee floating around 50 gwei sometime tomorrow will definitely decrease as low as 10 gwei and thats already cheap enough for sending ethereum probably only requires a dollar to send an ethereum.
just observe the gas fee, plan the transaction and when the gas fee is low enough execute the transaction i think it should be as easy as that.

[cryptoaddictchie]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

Due to network congestion and also its price. Eth are almost $3k and this is an expensive price so expect the gas fee to soar high too. Well its not ideal but even though its expensive theres a lot of people still using it due to many dapps and ecosystem still revolving and residing on eth network. Me too lve got a lot of farming projects that are in eth network. Its not that I wanted to use that but maybe I dont have much choice.

[adaseb]

Lately the fees are higher on ETH, they were cheaper back in January and you could get away with transactions at less than 10 Gwei but for the past couple of weeks it went up.

Funny thing is that BTC network is cheaper now, before you had to pay 30-50 sats per vbyte but now it’s like 15 sats or so. So basically they reversed.

These 2 networks always have high fees. Need to use an l2 if you want to save on fees. Try Arbitrum or bitcoin lightning network if you want to use BTC.

[Sebas.tian]

It wasn't like this before but now that I'm awake it seems like it's a liability to do anything with this loan.  But if the price of Ether was the same as it was in 2017-18.  It was like BNP in 2017 because gas was still low but suddenly Donald Trump came to power.  It's not going down because of Ether gas and Joe Biden.  But if gas tape could be reduced on this cable then it would be better for all of us because everyone enters this bank.  In case of holding and unable to exchange due to lack of gas fee, it would be easier to exchange if gas is reduced.

If not because of the high gas fees Ethereum would have be the best altcoinn to make huge amount of income from, but for the high gas fees had made many investors to make another alternative to invest in another coins that will always favour them whenever they want to carry out any transaction in the market. You can see that the price of Ethereum almost hit $3,000 in this month of February, but there is a hope that the price will definitely reach that amount before the end of this month but the gas fee will definitely affect the sellers. Since nobody know when the gas fee will reduce, and you may continue holding your Ethereum and something bad happen that will make the market price to reduce in a way you cannot sell at the moment.

[Kelward]

Ethereum relies on a proof of stake mechanism, which requires a large amount of energy to process transactions, which raises the cost of transactions.
Ethereum faces scalability challenges, which means it is difficult to process a large number of transactions at the same time.

Ethereum is working on updates to improve scalability and lower transaction fees, but these updates have not yet been fully implemented.
Speculation also plays a role in high Ethereum fees, as some investors buy Ethereum in the hope that its price will rise, which increases demand for the currency and raises its fees.

A number of factors are responsible for the high gass fees in Ethereum, and I much agree with the way you outlined them, and it's important to note that it's main atribute is the high demand for Ethereum, just like we also experience high demand for Bitcoin which increases it's transaction fees. The high energy consumption in processing transaction increases it's fees, the scalability issues is another area that increases it's fees, I hope that it's developers finds a lasting solutions for it. Despite the high gas fees investors are still buying Ethereum, because it's a reputable crypto coin that's second only to Bitcoin.

[Kavelj22]

Ethereum relies on a proof of stake mechanism, which requires a large amount of energy to process transactions, which raises the cost of transactions.
Ethereum faces scalability challenges, which means it is difficult to process a large number of transactions at the same time.

Ethereum is working on updates to improve scalability and lower transaction fees, but these updates have not yet been fully implemented.
Speculation also plays a role in high Ethereum fees, as some investors buy Ethereum in the hope that its price will rise, which increases demand for the currency and raises its fees.

A number of factors are responsible for the high gass fees in Ethereum, and I much agree with the way you outlined them, and it's important to note that it's main atribute is the high demand for Ethereum, just like we also experience high demand for Bitcoin which increases it's transaction fees. The high energy consumption in processing transaction increases it's fees, the scalability issues is another area that increases it's fees, I hope that it's developers finds a lasting solutions for it. Despite the high gas fees investors are still buying Ethereum, because it's a reputable crypto coin that's second only to Bitcoin.

you are right. Ethereum EVM has been able to establish a network system capable of providing the necessary tools for developing decentralized applications using blockchain technology, in addition to a number of other subnetworks that were developed according to the same system. All of this contributed to the high demand for Eth to complete development operations, in addition to financial transfers made via Eth, which succeeded in being listed on almost all trading exchanges.

The most important element that should not be overlooked is the increasing number of investors who are storing Eth, waiting for its price to rise. This has helped in increasing demand for Eth and thus a congested network with high fees.

[goaldigger]

Why is it when making some transactions on Eth network the gas fee is always higher than other network?

There's a lot of factors to be consider aside from the traffic in the network.
As far as i know ETH team tries to solve this problem since then but they still failed because every time the market pumps and the traffic pumps, the fees also follows which is not a good sign in a blockchain technology. There's a lot of good alternatives honestly, but many still prefer ETH network for some reason, maybe they just have no choice since they are dealing with the token that is under the ETH network.