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Topic: eTH gas trouble (Read 636 times)

full member
Activity: 926
Merit: 100
February 12, 2022, 04:09:03 AM
#68
The gas of sending money via ETH is more expensive than bank transfer, the hope of cryptocurrencies is to be able to send or move assets quickly, safely and cheaply, unfortunately ETH is out of this so that makes me not want to invest in projects that use the ERC-20 network.
It is very natural to avoid it now because it is undeniable that making transactions via the Ethereum network is always more expensive and this is of course caused by the price of Ethereum itself which is getting more expensive and there has been no improvement in the Ethereum network system so far.
full member
Activity: 826
Merit: 101
$CYBERCASH METAVERSE
February 12, 2022, 03:30:26 AM
#67
I think when there are coins that are popular and expensive, it will have an impact on gas costs which are also expensive, in the past when bitcoin cost $125, transfer fees were less than $1 and some were even free, we could get cheap ETH gas fees if the ETH price was $100 or less.
Yes, what you say is clearly very true because this is very much in accordance with the fact that happened in the past where when the prices of major coins such as Bitcoin and Ethereum were still very cheap, the transaction gas fees were generally very cheap, and now is a comparison for the past.
legendary
Activity: 3080
Merit: 1353
February 12, 2022, 02:40:51 AM
#66
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
they do that sometimes because they make big deals. I've made transactions of hundreds of dollars with large fees. well, my mind at that time, I'd better sell with a fee like that than nothing. Well, what I'm afraid of about coins that are only listed on DEX is that the price of the coin will fall, or it will become a rug pull. because of that, sometimes people will make transactions like that.
besides, there are those who feel that it is a cut that they don't feel lost. yeah, but still, for me it's also a very expensive fee.

Yeah, it make sense to pay high if you are going to trade thousands and up worth of ETH. But before, we can transact with low gas fees and it's very quick. But things have turn from good to worst when ETH gas fees goes skyrocketed and us ordinary traders cannot afford it.

Others chooses other network and swap their ETH because that is the best solution for now. But trading it directly is no longer any option except if you are whales with thousands worth of dollars to transact.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
February 12, 2022, 02:00:15 AM
#65
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
they do that sometimes because they make big deals. I've made transactions of hundreds of dollars with large fees. well, my mind at that time, I'd better sell with a fee like that than nothing. Well, what I'm afraid of about coins that are only listed on DEX is that the price of the coin will fall, or it will become a rug pull. because of that, sometimes people will make transactions like that.
besides, there are those who feel that it is a cut that they don't feel lost. yeah, but still, for me it's also a very expensive fee.
member
Activity: 812
Merit: 53
February 11, 2022, 01:04:10 PM
#64
Yes. ETH gas fee is very high. So, most of traders avoid to make a transaction on ethereum blockchain. Their developers need to manage their transaction fee. I notice that its average transaction fees i near 40 to 50$. And when its transactions on peak its cost will be near to 100$. This is a very annoying thing. And that's why peoples avoid this network and shift it other. Optimism, Matic are there layer 2 models. There fees are very low specially matic (polygon). I mostly use this to make a transaction. It costs me in few cents to make a transaction through polygon chain. One day everyone will avoid this network if its price increases day by day.
hero member
Activity: 1904
Merit: 510
February 11, 2022, 09:09:30 AM
#63
i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.

the issue of eth gas which is booming now, now the gas fee is more expensive than the price of the cup, buy a cup for $ 4 but the fee is more expensive than the price of the cup, many people claim to be very interested in ethereum, but the problem of the high fee price makes most people .switch to another company, if ethereum boss vitalik buterin doesn't talk about the increase in ethereum gas, chances are their customers will turn to other companies...
jr. member
Activity: 210
Merit: 6
February 11, 2022, 08:54:20 AM
#62
At the moment ether gas fridge level in India he doesn't think anyone will chat for long. The token gas is increasing day by day and if it is not reduced then it is not possible for anyone to do ICO on it or bring new campaign and no one can exchange this with you.  If you have 1 dollar, you have to pay 20 dollars to exchange that 1 dollar, so I don't worry so much about you because I don't like stomach, it doesn't feel good, it has become very bad.  .
sr. member
Activity: 1484
Merit: 254
February 11, 2022, 02:38:03 AM
#61
This is a serious problem because a lot of my ERC tokens are only stored in my wallet and I can't withdraw, I've tried various platforms and the token transfer fee is always above $35, hopefully the presence of ETH2 will be the right solution to lower gas costs.
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 10, 2022, 03:56:01 PM
#60
i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.

looks like you're not the only one who's new to this, but I also just found out and tried to find an understandable news source but so far there has been no detailed explanation other than "Bridges are connections that allow arbitrary transfer of tokens and/or data from chain one to other chains"

but will this be able to reduce the cost of ethereum based ? I can't say for sure but as long as ethereum is still expensive, it can be ascertained that there is a cause and effect, because the price of ethereum is indeed expensive and it can't be avoided that there will be high costs. other than that ethereum will provide its own alternative path and that is obviously always awaited.
full member
Activity: 1134
Merit: 100
SOL.BIOKRIPT.COM
February 09, 2022, 10:25:07 PM
#59
i just found out about this problem but for sure the ethereum development team should do something to reduce the very high network cost on ethereum network. to my knowledge if you choose a bridge it will consume more gas costs, even though you switch to another network that has less network costs.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
February 09, 2022, 04:34:30 AM
#58
I think this is just your imagination, I don’t think this kind of swap that could allows us avoiding the high gas fee caused by the eth exists.
the best choice right now is just ditching ethereum and move in other smart contract blockchain, there are so many smart contract blockchain out there and so many of them are actually having the same amount great quality projects in their
waiting for the fee gets solved will just waste your time, your efforts better being put in other smart contract platform that allows you becomes more productive in the long run with all your investment instead of letting your investment getting eaten by the high gas fee that seems ridiculous.
hero member
Activity: 1344
Merit: 565
February 08, 2022, 05:19:22 AM
#57
Is this a new one? Is there any link you could provide for us to check? There have been many platforms that bridges Ethereum and layer 2 networks or other chains but they are still not spared from the fees on their first transfer.

...If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Yes it does since many people still prefer transferring funds without using third party apps or platforms.
Plus the Devs understands that they will want the users back so I don't think because there is a system where people can bridge from Ethe Network to other Networks will make the Eth Devs give up on finding a solution to the gas issues except they feel those people are no longer needed which I doubt. 
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
February 01, 2022, 06:34:30 PM
#56
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
It means that $10 is not enough to complete your transactions and that automatically cancels your transactions and says not enough trx fee. Well, 7 days passed, and still not processed, that becomes annoying, and still, it never arrives for sure. If that happens to me, I don't pay much like $30-50, that unless if we move $1,000 worth of ETH maybe it is considerable but if you just move $100, that makes no sense. I'd rather let my coins be stuck in my wallet than pay more.
hero member
Activity: 2366
Merit: 504
February 01, 2022, 06:22:19 PM
#55
i wonder still people paying high fee in opensea to mint NFT. Solono and matic is goid competitor.
They think that if they mint good NFT with it and they can get good amounts of money + covered their fees after they have sold their NFT to the open sea. The fact that if selling NFT was also the most difficult thing these days. Solana and matic were good but this is not so popular like ethereum. Some people are still prefer to pay lots of money for the fees.
I would recommend everyone thinking about elsewhere from ETH. this summer will be finished mining’s on ETH so I believe gas fee will really increase after this.
Finished for what? there's no even a date about when ethereum 2.0 will come. Your conclusion was totally non sense thing. Ethereum gas fees has no correlation with mining. It seems you didn't even know how it works.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
February 01, 2022, 01:46:55 PM
#54
I recently created a transaction to send tokens on the ETH network, several days have already passed, I set gwai 45 about $ 10 gas fee, I will not pay a penny anymore, the transaction is still in processing.Today, this network is not a priority for me, I am not ready to pay $ 30-50 per transaction...I don't understand the people who trade on dex exchanges in this network.
full member
Activity: 896
Merit: 100
$CYBERCASH METAVERSE
February 01, 2022, 12:28:06 PM
#53
Etherium gas fee is very high . i wonder still people paying high fee in opensea to mint NFT. Solono and matic is goid competitor. I would recommend everyone thinking about elsewhere from ETH. this summer will be finished mining’s on ETH so I believe gas fee will really increase after this.
hero member
Activity: 2492
Merit: 542
January 25, 2022, 11:56:42 PM
#52
It seems like there are already many ethereum bridges to deal with this problem. Like BSC, MATiC. SOLE. They can be used as a replacement for the very expensive ethereum gas. In opensea even we pay ethereum by using the polygon network so it does not cost expensive.
You will still required to use expensive gas in opensea to convert your eth into polygon network so you cant escape with this frustrating gas, Ive missed so many trade opportunities last year because I don't want to spend that huge money just to buy a token on dexes since new tokens are always listed first in dex like Uniswap.
sr. member
Activity: 2296
Merit: 256
Vave.com - Crypto Casino
January 25, 2022, 11:27:50 PM
#51
It seems like there are already many ethereum bridges to deal with this problem. Like BSC, MATiC. SOLE. They can be used as a replacement for the very expensive ethereum gas. In opensea even we pay ethereum by using the polygon network so it does not cost expensive.
sr. member
Activity: 980
Merit: 255
HALA MADRID
January 25, 2022, 11:20:38 PM
#50
Yes, it can't be tricked if the transaction is the Ethereum (ETH) network. Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.
Now the Ethereum price position has started there is a slight improvement in the market but the position of Gas transaction fees is still the same and tends to increase so there is no stable word in terms of Ethereum transaction Gas fees for now.
Yeah, as the price drops I was thinking that ETH fees drop also but it was unfortunate to see nothing had changed as it remains high. That I guess, ETH gas fee has a fewer chance to drop, not anymore. That gives us no choice but to use other platforms that fees are considerably cheap and affordable.

I'm now in the use of BSC and XRP to transfer my coins to my personal wallet from the exchanger and you know what, I save more compared to using directly ETH. So I guess, it doesn't give us worries as we still have other options.
Usually have drop when eth price dump but not as our expectation because gas fees still pump, maybe not any chance to get moment like last three years where gas fees down and purchase only few cent for sending coin, when first time Uniswap launch almost gas fees never dump and impossible we can purchase under $1 for sending coin as fees transaction. I think with many dapp erc network opening never get moment with lower gas fees of eth.
sr. member
Activity: 2436
Merit: 343
January 25, 2022, 08:40:34 AM
#49
Yes, it can't be tricked if the transaction is the Ethereum (ETH) network. Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.
Now the Ethereum price position has started there is a slight improvement in the market but the position of Gas transaction fees is still the same and tends to increase so there is no stable word in terms of Ethereum transaction Gas fees for now.
Yeah, as the price drops I was thinking that ETH fees drop also but it was unfortunate to see nothing had changed as it remains high. That I guess, ETH gas fee has a fewer chance to drop, not anymore. That gives us no choice but to use other platforms that fees are considerably cheap and affordable.

I'm now in the use of BSC and XRP to transfer my coins to my personal wallet from the exchanger and you know what, I save more compared to using directly ETH. So I guess, it doesn't give us worries as we still have other options.
hero member
Activity: 2058
Merit: 710
January 25, 2022, 07:38:59 AM
#48
Yes, it can't be tricked if the transaction is the Ethereum (ETH) network. Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.
Now the Ethereum price position has started there is a slight improvement in the market but the position of Gas transaction fees is still the same and tends to increase so there is no stable word in terms of Ethereum transaction Gas fees for now.
legendary
Activity: 2492
Merit: 1215
January 25, 2022, 03:23:47 AM
#47
Almost all coins experience a drop in price including Ethereum and gas fees while Ethereum transactions are still high wherever or whatever type of swap is being made.


When was the last time you made a transaction on Ethereum? 6 weeks ago I've spent nearly a hundred dollars for a token transaction, now, based on etherscan.io I can do the same for $40. I would not call it "still high". And the transaction of just an Ethereum would cost couple of dollars. The trick of expensive transaction is in a contracts. If not, then why would sending two different tokens to the same address cost differently?
sr. member
Activity: 980
Merit: 255
HALA MADRID
January 25, 2022, 01:54:52 AM
#46
Anything about upcoming swap still use erc20 you need have ready much eth as fees transaction need to pay, if you want small fees you can use with BSC or polygon network. I think ETH still as most higher fees network than other network but usually only ETH as network without trouble, usually BSC get trouble and take more than one hour for transaction success with deposit or withdrawing BSC coin on exchange market but ETH always on time with higher fees.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
January 25, 2022, 01:23:33 AM
#45
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?
Upcoming? What about the past dexe's. I heard that uniswap now allows polygon and polygon can be able to bridge your eth assets to the polygon network for you to trade in a much cheaper way. There is still a fees on doing this but it does not pass the fees that eth network ask.

If there are new exchanges that have a similar support well that's good, we have an alternative and see if the experience are much better than the previous competitors. Eth dev's wont let their costumers fled away because of the fee problem but they already acted before to solve the issue, have you heard of the eth 2.0? It is said to be done by this year so stay tuned.
full member
Activity: 1526
Merit: 110
January 24, 2022, 07:33:41 PM
#44
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?
Ethereum high gas fee is a long standing problem. ETH developers have tried to solve this, but so far have not been successful. However, if you want you can do ETH transaction at low fee using other network like BSC network.
sr. member
Activity: 2422
Merit: 267
Hire Bitcointalk Camp. Manager @ r7promotions.com
January 24, 2022, 07:14:49 PM
#43
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.?
you do the right thing, it's better to wait for the situation to recover, in the sense that what you can do is reasonable and acceptable. because so far with a small nominal, if you do anything, it will be eroded by transaction costs that are not comparable to what you have.

for now, holding on to the wallet any longer is a very commendable act, waiting for changes to occur, which may or may not happen. because it saw that ethereum had not yet launched its new program due to some unknown obstacles which had also made one of its founders leave.
hero member
Activity: 1540
Merit: 507
January 24, 2022, 11:16:20 AM
#42
Polygon network can not be counted as a true solution to Ethereum high transaction fees, as fees in Polygon blockchain also rises. If not mistaken, they have increased two times during 2 months. Previously I was able to claim few MATIC from faucet to make a transaction and I even had some MATIC left. Now one claim from same faucet is not enough to make a transaction. Polygon is still cheap, but transaction fees are rising, same as BSC network fees. Slowly, every blockchain that tries to replace Ethereum, is having same increased fee problem.

I think this is kinda right because even BSC that was meant as a solution for the fee problem that ETH has right now finally and slowly having their fee increased despite designed by famous exchange like binance that knows really well about this kind of technical aspect.
matic I think more or less is the same because it’s basically having the same system as the rest of other alternative smart contract platforms and it’s most definitely gonna be experiencing the same problem regarding the fas price if their growth continues, but It’s just better having all these projects that are intensive like gaming projects spread across multi smart contract platform rather than just single platform so the fee problem could be lessened.
hero member
Activity: 3010
Merit: 666
January 24, 2022, 06:44:58 AM
#41
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.
Not similar to Ethereum but because Matic itself was previously built through the Ethereum network, the Polygon network now looks almost similar to Ethereum and only differs in terms of transaction fees.
Yes, if we talk about transaction fees, it is indeed different and we can see for ourselves that the transaction fees of the Ethereum network are really high and inversely proportional to the Polygon network,
hope Ethereum transaction fees can go down and we'll see what happens
I was hopeless to see the ETH transactions fee goes down as it was more than 3 years that we've been struggling with this thing and not given the chance to change even though there are hard forks and upgrades happening. Fees are the main reason why other platforms gain an increase in users. Polygon and BSC have made it right and helped the community. Even me, I use to convert my ETH to other coins for this sake.
sr. member
Activity: 2002
Merit: 250
January 24, 2022, 04:45:16 AM
#40
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.
Not similar to Ethereum but because Matic itself was previously built through the Ethereum network, the Polygon network now looks almost similar to Ethereum and only differs in terms of transaction fees.
Yes, if we talk about transaction fees, it is indeed different and we can see for ourselves that the transaction fees of the Ethereum network are really high and inversely proportional to the Polygon network,
hope Ethereum transaction fees can go down and we'll see what happens
legendary
Activity: 2492
Merit: 1215
January 24, 2022, 03:29:26 AM
#39
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.

Polygon network can not be counted as a true solution to Ethereum high transaction fees, as fees in Polygon blockchain also rises. If not mistaken, they have increased two times during 2 months. Previously I was able to claim few MATIC from faucet to make a transaction and I even had some MATIC left. Now one claim from same faucet is not enough to make a transaction. Polygon is still cheap, but transaction fees are rising, same as BSC network fees. Slowly, every blockchain that tries to replace Ethereum, is having same increased fee problem.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
January 24, 2022, 03:03:45 AM
#38
I think we already have a lot of networking alternatives. Not only bsc or solana now we know with matic polygon. if an NFT craftsman is definitely no stranger to polygon networks because this network is very cheap and similar to ethereum.
hero member
Activity: 2058
Merit: 710
January 24, 2022, 02:47:45 AM
#37
Keep high each that will be issued when making transactions using the Ethereum (ETH) network. This is one of the reasons why many large projects use other crypto networks instead of the Ethereum (ETH) network.
Nothing can be tricked if the network is Ethereum (ETH), because improvements to transaction fees on the Ethereum (ETH) network have not yet come even though the value of Ethereum (ETH) itself has decreased in the market but the Gwei fees are still rising.
hero member
Activity: 2828
Merit: 611
January 23, 2022, 01:35:48 PM
#36
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 think is going to be a jaw dropping initiative if it is going to be realizable but what I see from this post it isn't, because for you to move from ETH network to another will also demand gas fee, it hasn't remedied the problem here. Now all eyes are on arrival of ETH2.0 as that might be solving the gas problem significantly. Still, we need to consider other dapps platform based coins to save on transaction fees.

I mean if ETH2.0 gets delayed then I guess etehreum cannot hold all the people to keep supporting it as they might be preferring to switch to other similar coins for saving their transaction fees. So, ethereum devs need to address this as early as possible for the sake of continuous growth of ethereum.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
January 21, 2022, 03:47:08 PM
#35
We already see the development of Layer 2, there are already such bridges as Aurora with the ability to transfer entire applications from Etherium, and yet there are no changes in the price of gas.
Keep high each that will be issued when making transactions using the Ethereum (ETH) network. This is one of the reasons why many large projects use other crypto networks instead of the Ethereum (ETH) network.
I don't see why anyone who can't afford eth gas should be using it, I don't even think of making any transaction in eth since the gas fees are something else, instead I move to Near protocol and the gas fees there are super cheaper, buying,selling, Minting of NFTs everything on Near is super cheap and undervalued and with aurora live on near,any dev can easily move their project to aurora without changing a single line of code, aside that on Aurora transactions are gasless, meaning you can use all eth dapps without paying a dime for gas fees, mad stuff if you ask me.
legendary
Activity: 1722
Merit: 1014
January 20, 2022, 08:06:58 PM
#34
I don't quite understand how these gasless swaps work... If you transfer ETH from one wallet to another - you have to pay big fees. If you wrap ETH and then swap it with lower fees, you pay for wrapping, don't you?
full member
Activity: 743
Merit: 110
January 20, 2022, 07:57:10 PM
#33
Ethereum network is known for its high transaction fees or gas fees. Some time ago, whale who called himself Mr. Whale, admitted to buy cup of coffe for 4 US dollars using ETH, and the gas fee was more expensive than the price of the cup of coffe he bought.
member
Activity: 1092
Merit: 67
January 20, 2022, 06:58:34 PM
#32
...So if that real so its a very good decision.

The problem with high commissions in the Ethereum network cannot be solved with the help of bridge. Using the bridge, you move your cryptocurrency to another alternative network with a lower commission, but when transferring, you will still need to pay a commission on both networks.

If they can lower the transfer fee, why not? But if not, why move it to unfamiliar network? ETH already earned their credibility as a network, this is why people are trusting this despite of high gas fee. But if they will move to another network which we have no idea about their foundation or if they will stay long in the market, they have no assurance if they can get the services they want. We can only assess their performance once they are already up and running. If they are still in the development stage, then, we can't talk about them yet.
legendary
Activity: 2268
Merit: 1655
To the Moon
January 20, 2022, 05:43:22 PM
#31
...So if that real so its a very good decision.

The problem with high commissions in the Ethereum network cannot be solved with the help of bridge. Using the bridge, you move your cryptocurrency to another alternative network with a lower commission, but when transferring, you will still need to pay a commission on both networks.
legendary
Activity: 3318
Merit: 1128
January 20, 2022, 03:43:19 PM
#30
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?
Places like Matic with quickswap type of systems allow people to actually end up with a great return. I have to say that it is not something that I support directly because it means ETH is irreversibly bad, which I do not believe in, but I do believe that we are doing alright so far, not great but alright with ETH and that means all these bridge stuff will be gone one day when ETH is better. So for the time being they are fine, Matic is fine, SOL is fine, they all solve a problem that we have, but in the future when ETH gas fee drops then all of these projects will crash and they will not worth what they worth right now.

Look at BCH and BSV, they were solutions for high BTC transaction fee as well, and then BTC went with segwit and now doing bech32 or something forgot the name, and BCH/BSV combo is nowhere to be found because they are not needed anymore.
newbie
Activity: 44
Merit: 0
January 20, 2022, 12:07:43 PM
#29
We already see the development of Layer 2, there are already such bridges as Aurora with the ability to transfer entire applications from Etherium, and yet there are no changes in the price of gas.
sr. member
Activity: 546
Merit: 250
January 20, 2022, 12:01:55 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 $20.
member
Activity: 1316
Merit: 10
January 20, 2022, 11:37:24 AM
#27
I am a person who doesn't have a lot of money, so when my er20 wallet has a token with an estimated value of 100$, 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, 11:27:49 AM
#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, 11:20:26 AM
#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
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January 20, 2022, 10:29:19 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.
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January 20, 2022, 08:23:25 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.
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January 20, 2022, 08:14:42 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.
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January 20, 2022, 08:01:29 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
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January 20, 2022, 06:56:47 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.
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SOL.BIOKRIPT.COM
January 20, 2022, 06:17:23 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.
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January 20, 2022, 06:05:43 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.
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January 20, 2022, 05:36:28 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.
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January 20, 2022, 02:11:14 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.
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January 19, 2022, 09:26:20 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
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January 19, 2022, 06:10:47 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.
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January 19, 2022, 06:06:02 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
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January 19, 2022, 04:00:19 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.
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January 19, 2022, 03:52:16 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
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January 19, 2022, 02:56:45 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
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January 19, 2022, 02:48:23 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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January 19, 2022, 01:54:45 AM
#8
Just like ETH 2.0? I don't think it will be easy for any new projects, bridging smart contracts together to reduce gas fee won't bring any huge difference this problem can only be solved by or within the project itself (blockchain), cross bridge transaction already exists but gas is still very high
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January 19, 2022, 01:49:27 AM
#7
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.
hero member
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January 19, 2022, 01:15:04 AM
#6
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?
Ethereum gas fees can't be avoided when you need also to did a transaction in ethereum network. Ethereum bridge mean you must also deal with ethereum transaction and that will be involving a transaction in the network that cost you a lot of fees for a transaction that broadcasted in the network. I thought that if you misunderstand about it. The fact that even when you wanna use swap dex and bridge your asset and this swap dex will call ethereum blockchain to did a contract call. you need to pay ethereum fees as well.
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January 18, 2022, 11:41:29 PM
#5
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.
hero member
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January 18, 2022, 10:16:04 PM
#4
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.
hero member
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January 18, 2022, 06:32:06 PM
#3
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?
The high fees can't be avoided if you're still using ethereum blockchain. The upcoming swap dex will make different if that's still using ethereum blockchain as a part of its service. The fees on the blockchain determined by the average transaction in the network and it's not the swap platform that was determining the transaction fees. Even when you're using the bridge and this will charge you a lot of fees. the only answer is using second layer solution of ethereum blockchain. im sure that will make no difference. Bridging your asset is not cheap too.

If this happens would it matter for ETH Devs to still do anything about the high gas fee?
That's blockchain and only ethereum developer that can fix this problem through implement the EIP. Don't you know this before? The gas fees in ethereum blockchain was totally permanent and it gets change based on how much average fees in the blockchain. I thought that will not give any impact to the fees on ethereum blockchain.
sr. member
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January 18, 2022, 05:46:59 PM
#2
Is this a new one? Is there any link you could provide for us to check? There have been many platforms that bridges Ethereum and layer 2 networks or other chains but they are still not spared from the fees on their first transfer.

...If this happens would it matter for ETH Devs to still do anything about the high gas fee?
Yes it does since many people still prefer transferring funds without using third party apps or platforms.
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January 18, 2022, 05:15:05 PM
#1
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?
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