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Topic: eTH gas trouble - page 3. (Read 595 times)

sr. member
Activity: 546
Merit: 250
January 20, 2022, 01:01:55 PM
#28
I am a person who doesn't have a lot of money, so when my er20 wallet has a token with an estimated value of 100$, I will not exchange it, just leave it in the wallet except for the estimated 1000$. due to the step of exchanging on dex uniswap or ethereum network doing three transactions the cost is up to 100$ normally.?
Exchanging it for accumulated $100 for uniswap trades is really not worth it unless gas costs drop below 20 gwei but that is impossible at the moment as the gwei was as low as 25 gwei at the end of last year. if sending tokens for trading on the exchange then I target the erc20 transaction fee not to be higher than $20.
member
Activity: 1274
Merit: 10
January 20, 2022, 12:37:24 PM
#27
I am a person who doesn't have a lot of money, so when my er20 wallet has a token with an estimated value of 100$, I will not exchange it, just leave it in the wallet except for the estimated 1000$. due to the step of exchanging on dex uniswap or ethereum network doing three transactions the cost is up to 100$ normally.?
full member
Activity: 588
Merit: 100
January 20, 2022, 12:27:49 PM
#26
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
can you tell what swap dex supports low gas fee eth? Eth's gas fee is a major problem for developers to upgrade their network. I just never touch the ETH network again. BSC and polygon network is the best solution for now
sr. member
Activity: 1722
Merit: 269
January 20, 2022, 12:20:26 PM
#25
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?

I don't think that this is true, i mean if you have an asset be it Ethereum itself or an erc-20 token that is running on the Ethereum blockchain then you have to pay ETH gas fees even if you are using a bridge. In the end you have to send that ETH asset to that bridge first before it can be swapped to that token on the other chain be it BSC or Polygon or whatever. There are already a lot of bridges out there that you can choose from, but as i already said you still have to pay the ETH gas fee at least once and no new and upcoming bridge can do anything against that as far as i know so we still need to wait and hope that ETH 2.0 is a game changer in terms of fees.
K4C
full member
Activity: 448
Merit: 103
$CYBERCASH METAVERSE
January 20, 2022, 11:29:19 AM
#24
I said about this situation is that if this news a real and Ethereum fee price are low so definitely thousand of people invest in to this and they also want to transection about this so this act the Ethereum go to the moon and but some down into the first time.
So if that real so its a very good decision.
full member
Activity: 826
Merit: 101
$CYBERCASH METAVERSE
January 20, 2022, 09:23:25 AM
#23
It is very important for ethereum developers to handle these gas costs. The higher the day because the block made is very small compared to the transaction per second. Coupled with the market swap we need a lot of gas to queue so that all users of the erc20 network must feel the expensive costs.
That is why some people no longer use the Ethereum network and also no longer use very expensive Dex swaps like Uniswap, because it is very sacred to have to waste too much Gas fees on every transaction.
full member
Activity: 1382
Merit: 105
January 20, 2022, 09:14:42 AM
#22
ETH gas fees issue is a major issue for cyrpto users, there are many Dex's coming and some are working for sending ETH or any other token from ETH chain to another network, you can use xpollinate https://xpollinate.io/ bridge but fees is no less and bridges is also charging high fees due to eth gas fees high, I think may be future this issue can be resolve by ETH developers.
full member
Activity: 926
Merit: 100
January 20, 2022, 09:01:29 AM
#21
We are really waiting for this, the best swap in my opinion right now is from Binance, unfortunately not DEX, I'm sure if this happens then other DEX will follow or die. and the other side, of course, is the low cost, not like Uniswap, which needs hundreds of dollars to swap.
Until now there is nothing new that can be tricked to minimize the cost of Gas transactions on the Ethereum network, and if it can be very helpful and can function like a DEX, then it is clear as you said that other DEXs will be very quiet from users.
hero member
Activity: 2030
Merit: 705
January 20, 2022, 07:56:47 AM
#20
Gas will continue to increase or there will be a new way of transaction that will emerge with the times. There will be transaction fees that will be cheaper than before. There are several transactions that have very low gas.
Try to give an example now apart from the current Matic and Bsc, because for now only those two networks are the cheapest for each transaction, the rest are not too cheap in my opinion although I also very rarely use other networks besides those two.
full member
Activity: 1302
Merit: 110
January 20, 2022, 07:17:23 AM
#19
We can't really sure if it is good unless we experienced it. I don't really much use ethereum network, I use it just to transfer my mined eth to my wallet locally and convert it our currency. The thing is it cost me 30 dollars just to transfer my 180 usd eth monthly income, in my country it is a good sum of money. If this somehow come into use and will reduce the fees, it would be a great help for me and the small time miners in world who depends on their monthly revenue.
hero member
Activity: 2170
Merit: 530
January 20, 2022, 07:05:43 AM
#18
We are really waiting for this, the best swap in my opinion right now is from Binance, unfortunately not DEX, I'm sure if this happens then other DEX will follow or die. and the other side, of course, is the low cost, not like Uniswap, which needs hundreds of dollars to swap.

I'm not yet updated about this upcoming swap Dex but if this project will go to resolve the long-time concern of many crypto users especially eth users which is the high gas fee then I will not going to hesitate to use this new upcoming swap Dex tool. I am also one of the people who used to deal with the eth high gas fees and much as I don't want to use it I don't have any other choice than to undergo the process so that I can transfer my asset to another crypto. If this is going to be successful in focusing on its core purpose then this will I guess be a wake-up call to the eth devs to take action on this matter.
full member
Activity: 1258
Merit: 104
January 20, 2022, 06:36:28 AM
#17
Maybe you also know about some other exchanges that use the Ethereum network such as Anyswap Exchange. almost all of them have high transaction fees when it comes to the Ethereum mainnet because that is an unresolved problem.
actually one of the founders of ethereum has also complained about this and is trying to make changes by making eth2.0 which has not been realized until now, so he left and founded DOT.
because he knows that the high costs on ethereum must be resolved quickly and so that ethereum can move freely. but the problem of high costs is still an unavoidable obstacle.
At the level of the founder of Ethereum, he has complained about things that many people are complaining about today, so that's very reasonable. means that the current problem of Ethereum, namely the high cost of gas, will not have a solution if it is like your view.
copper member
Activity: 1400
Merit: 103
January 20, 2022, 03:11:14 AM
#16
What the OP meant was swapping the network from ETH to BSC or to Matic for example on certain DEXs because not all DEXs have that feature and I don't think the cost is that much either because some DEXs cut costs from the coins themselves or from the coins swapped to another network.
So this is what is called a bridge between networks, That's probably what the OP meant.
I've used the bridge platform several times, and in fact the fee will be much higher because the fee is needed on both networks.
full member
Activity: 1820
Merit: 107
January 19, 2022, 10:26:20 AM
#15
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?

I don't get much about what you are saying! Are you asking of any Swap or DeX? or do you just simply share that Swap DeX as an upcoming solution to the Ethereum Network's expensive gas fees through that bridge function, I guess it will not solve because the gas price was tied up to a particular (gwei)and if the ethereum price continued to soar it means the value of the gas fees in (gwie) will be also rise.
hero member
Activity: 2030
Merit: 705
January 19, 2022, 07:10:47 AM
#14
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
What do you mean by bridge from ETH network to other network? Of course this will consume much more gas than the usual eth transaction.
What the OP meant was swapping the network from ETH to BSC or to Matic for example on certain DEXs because not all DEXs have that feature and I don't think the cost is that much either because some DEXs cut costs from the coins themselves or from the coins swapped to another network.
So this is what is called a bridge between networks, That's probably what the OP meant.
full member
Activity: 432
Merit: 100
January 19, 2022, 07:06:02 AM
#13
When eth was created eth was like 90 bucks- gas fees weren’t much. Give 2.0 some time should be fine. Long game.
ETH can stay the way it is and I will Literally never care Roll Eyes
legendary
Activity: 3080
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
January 19, 2022, 05:00:19 AM
#12
Anyone heard about upcoming swap Dex that will allow Ethereum bridge
Never heard about this and can you mention the name of that swap dex? The question is does it support the multiple bridge? You need also to explain it it will be reducing the gas fees as well. That may make people can understand about what do you meant above.

and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
So, how is it possible? Avoiding eth gas fees meant not using ethereum blockchain to do a transaction and if that is still involving ethereum network to bridge it and that means you still need to pay what others pay when you're swapping or bridge your coin to the another blockchain. Im not even believes if this kind of method is still working. None can avoid to pay the high fees.
full member
Activity: 868
Merit: 106
January 19, 2022, 04:52:16 AM
#11
talking about the high price of gas in every transaction using ETH is not a matter of increasing the value of the transaction, but with the condition that the current ETH price has soared higher than the past ETH price.
Now with the presence of swap dex, it is a solution for users to make transactions using ETH other than using a network outside of ETH as an alternative.
even this is not a problem.
hero member
Activity: 2408
Merit: 564
January 19, 2022, 03:56:45 AM
#10
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions, this way one can easily avoid ETH high gas fee and still be able to send ETH, new right? If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Isn't that going to remain high fees if transactions are going through bridges? I think the idea is good but still, transactions will happen in eth network which means that it has to bear and use the currently required gwei for the transaction to proceed. The devs should know how to resolve it even we're not yet in 2.0. There has to be some development since they've implemented last year the London upgrade and before 2.0 comes, they should already have a resolution for the enormous fees that ETH has.
hero member
Activity: 2282
Merit: 505
January 19, 2022, 03:48:23 AM
#9
Anyone heard about upcoming swap Dex that will allow Ethereum bridge and others when making transactions
So many this kind of swap dex already exist in the market. That's wrong rumour and where do you get this rumour? You will never able to avoid ethereum gas fees as it's permanent based on the calculation in the network. If you wanna avoid the high fees in ethereum blockchain and just use another blockchain. I can't agree with you on this because that's non sense. You can pay cheap fees once the gas fees is going down but there's no ETA for this to happen. This totally depend with the network itself. The dex will not make the transaction fees to be reduced a lot since dex is just a place to trade.

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