Topic: Ethereum and additional gas fees (Read 589 times)

Yah ever since the crazy Market pump and many DApps launching on ETH, it's network became congested which led to the high gas fees and currently swapping on uniswap seems to be only for the rich as it's fees is so crazy, i don't know I get so pissed off with it's  high fees! Because nobody can be happy loosing money, I think some how Ref finance offers something better, it's just like uniswap and it's trx fees is so low that u don't notice the fees tho, well there are still new but got alot to offer and currently you can bridge your eth token to Ref and swap to any coin of choice in the ref finance at a very low cost, this makes me love them the most.

after the rise of bitcoin before the effect includes fees on eth, maybe the influence of taxes from third parties so that gas has an effect,,, in this case we should use buying and selling just a little,, to save. and we must also monitor gas prices because when we process slow network transactions it has an effect too

I don't understand who and how uses all these useless swaps on Ethereum... Maybe this kind of people is named "sponsor"? Or even "maecenas" I suppose - they are just giving their money to miners and liquidity providers.

Indeed, we must admit that until now there has been no improvement when it comes to using the ethereum platform, which is still very expensive. but I also seem to have to give a response, that apart from the already high cost, it is better not to use uniswap. because transactions with Uniswap are indeed very detrimental.

because I also experienced several transactions on Uniswap, if the fees charged were low then Uniswap asked to add to the transaction so that it could be faster, but again instead of completing the transaction it became canceled and the fee was deducted.

if you can, indeed the ethereum platform is already high and don't use uniswap anymore because it doesn't solve the problem, it's even more detrimental. advice not to make transactions using uniswap, even though you get convenience because the transaction is quite simple, but the costs are actually doubled.

can't compare transaction fees through binance with ethereum, I agree with you that currently binance is one of the platforms with fairly low fees and fairly stable speeds. so binance is widely used today by almost most new projects, because it is to avoid the expensive costs.

I think many have experienced like you, when they are about to make transactions but the fees charged by the ethereum platform are often higher than those that will be sent.
quite sad and indeed one of the obstacles is the traffic that is indeed dense for the ethereum platform. You need to be patient to wait for the fees to go down by looking at: https://etherscan.io/gastracker before making a transaction.

what you say might happen, because it's logical. if there are many who use it, the traffic will automatically be quite dense and it is natural that high costs will occur. for now it looks like binance and others are still not brave enough to make cheap changes. because binance hopes it will be able to screen more people who want to join. It won't be easy to immediately make changes to the costs that everyone is expecting them to have.

ethereum will definitely change its pattern to keep its users from moving and want to stay loyal to the ethereum platform. however ethereum have to change otherwise one day everything will not use the ethereum platform. although we must also admit that all projects based on the ethereum platform always have more value compared to other platforms.

Yes. Of course this provides a great opportunity for new blockchains to attract crypto developers to join them. Of course this condition is well utilized by BSC. As long as the Ethereum blockchain experienced high transaction fees, most of the new projects switched to using BSC.

it's no secret that ethereum is one of the networks that has expensive gas fees. I see that ethereum has not shown low gas fees yet. maybe ethereum can see this condition so they can lower the gas fee a little because they see the ethereum community is very large and complain about the high fee.

fees on BSC and even Matic are going higher as more users join in and use the network, it's obviously not as high as ethereum fees but that's what happens when a lot of transactions are being made, I think fees should not be higher than $5, because that would not make sense if you're trying to buy something small using crypto, and without even mentioning swapping tokens on ethereum's network which is absurd for people who have low amounts, Ethereum network became for the rich only.

It is really getting too much these days, and a lot of people are now trying to avoid Ethereum because of the fees that’s involved in making use of it. I do understand that for a lot of reason, the fees for Ethereum is going to be high, but this is something that they (the developers) should try to fix as soon as possible because it is now an issue that is beginning to scare off a lot of people investors; a lot of investors are now avoiding the Ethereum blockchain for this reason, because they know that if they are going to be making use of it they will have to be paying a lot of fees for it, just like you have experienced. Everybody is still hoping for the Ethereum 2.0 to bring a solution to this problem. So let’s keep hoping till then.

It's because smart contracts are not a standard for tokenization like it is with Ethereum. Most functionality is built into the ledger itself. Tokenization can be done by a simple minting policy script in any scripting language supported by Cardano.

Look here: https://cardano-ledger.readthedocs.io/en/latest/explanations/features.html

The effect is being brought out from new projects; those developers and investors are looking for good alternatives; they are now switching to other chains who offer lesser fees. They wanted to skip this chain due to high fees; more or less BSC is one of those alternatives, and we have seen that now from new projects and also those old ones who are now migrating to BSC.

We, as investors, we all want to find alternatives as we are annoyed, paying huge fees; sometimes, the fees is more higher than the token that we are trying to move.

Funny, but that's reality and that happened, small traders can't afford these kinds of transactions.

I really can’t wait until ETH 2.0 comes out. I mean everyone loves the ethereum network but this gas fees are fucking insane. I’ve personally made the switch to NEAR right now since it does everything ETH 2.0 promises to do but fuck it’d be amazing to use both. Especially with Auroras seamless bridge connecting ETH and NEAR, being able to go back and forth from network would make all of my dreams become reality!

I did see the difference at first, and actually if you look it up on block explorer also you can see much more easily what actual fees are (and you can objectively see that there is a very slight improvement in how much people pay on average,,,

Yes it is still very high there is no argument about that but it could be much higher.

Bounty campaigners,,, stop looking for tokens and start getting paid in real crypto then

This Ethereum Gass fee is really not encouraging at all, imagine I wanted run do transaction of 19$ and the transaction network fee is above 20$. It's really annoying but I understand it is due to how busy the network is because of many transactions, unlike Binance Smart Chain, which requires transaction fee of less than 1$ for some transactions.

And that's exactly, where the "native token" concept of Cardano comes in. (in my opinion) Tokens in the Cardano chain can be set up without having to issue a smart contract, which makes transactions faster and way cheaper!

No, I'd never see a huge difference in fees before and after the hard fork as for me, the fees still aren't worthy for that. We're hoping that the hard fork will be the solution to this problem but too sad it fails and we become hopeless. Maybe we can see it was not a problem for those who transfer huge amounts of ERC-20 tokens but for those who are in bounty campaigns and wanted to sell the reward that is clearly a burden to them. That is why I understand their situation and I believe we have that kind of feelings.

it seems that for new projects, the effects of the high costs are already visible, because most of the new projects have left erc20 because of the high cost problem. because every project is completed, payment with erc20 will certainly take up a large fee. that's why now many projects are starting to switch to not using erc20 and looking like bsc, trx etc.

Likewise, as you said, if possible, of course, we will try our best to find trades with low costs. now everyone is trying like you, to make innovations. because you don't want what you get will be eroded at high costs. no one would want today to pay a high price, while the cheap ones exist and the speed is also very good and well tested.

Well, depends how you look at it,,, gas fees are high for sure, but probably not as high as it might have been without the hard fork. But I do not use these days any other transaction other than normal spend so I would not know how NFT minting costs but I assume it is still beyond the means of most ordinary people.

Small fees is always good sounding until something bad with network security undoes it all.

actually it depends on the amount you want to dump, if you adjust the fee into the lowest value of course there's a possibility it will stop or cancelled. By the way mate If you want to swap your token i suggest used meta mask and convert your wallet into bep20 like what i did wherein i paid BNB instead of ethereum and it's very cheap.. Lol this isn't a joke, try  to make research how to do it, you will see some tutorials "ER20 to BEP20" around the internet..

Ps. In meta mask you can a costume a networks that's why it's possible. 

I don't seem to understand why most people still want to use Ethereum even when they can't afford the high gas fees, no point forcing anything eth gas fees won't be going below $1 anytime soon, so instead of complaining I would everyone to move to a better blockchain with low gas fees and fast tps, the likes of Near Protocol, elrond bsc etc, Near Protocol is even the cheapest of them all with a $0.01 per tx fees bsc is getting close to $1 already so I'm sticking to Near for now.

Indeed Ethereum network is the most expensive transaction gas fee. Because of this matter some investors are in difficulty to invest due to so much gas fee. That is the reason why Bep20 base tokens now are in demand because of lower fees compare to ETH. $20 gas fee for ETH compare to $1 gas fee for BEP20. By the way there are a lot of blockchain now with lower fees and super smooth to do transactions.

That ‘s right that Ethereum is the most expensive network today and while the market is still so active, it will remain expensive. That’s why I would rather small investors worked on alternative side chains and layers 2. For example you can switch to Polygon where you are to pay less than 10 cents for a transaction. I believe that Ethereum 2.0. will partly solve the problem with high gas fees and I will be able to return to this net.

That's why blockchains like DOT, Solana and partly BSC are growing. But at the same time Layer-2 solutions can help in scaling the network and as a consequence reduce the price of gas. In any case, do not underestimate the prospects of the great Ethereum!

Same here, I still have a few tokens with such low value but not entirely worthless, just very costly for swap. So if Ethereum 2.0 is able to allow us to sort out low value tokens, this means every coin will count and contribute to a more stabilize price and market, not sitting dust beccause of high fee.

The London fork did not bring the desired GAS relief, didn't it? Remember the TIME NFT a few weeks ago? This used so much ETH-chain capacity, that the GAS nearly quadrupled.

And the priority fee design does the rest...

You noticing this now is as if you have been asleep for a very long time now.
This high transaction fee on ETH started since earlier this year, and trading on uniswap is one of the things am finding every means possible to avoid it.
Uniswap fee alone to trade a token can cost you over 120$ before you can execute a single transactions on that Dex.
Eth fee is extremely expensive, and I don't think their is a perfect solution to that, we just have to leave with it. Or make use of other smart chain if possible.

It's crazy that Gasoline Fees are not fixed so expect gas prices to keep going up during a market uptrend. This is the problem with the ETH network, and it's true that it's the most expensive by far and I also have experience with it. trading and transferring my coin to the exchange, I spent my $44 on the recent transfer of my token to the exchange it cost me a lot with the expensive fees of ETH. Although the fee is the most expensive, there are still many users you can track gas fees here:
https://ethgasstation.info/index.php
https://etherscan.io/gastracker

That's what I'm doing.

I'm keeping it and trying to be cool since I'm not in a hurry. But if someone is in a hurry then for sure that he has to check his funds rightly if he has enough ETH to cover the fees.

The high fees really suck!

It's a very natural thing for every investor to do to save on transaction fees which sometimes they use very often every day, so there's no need to discuss it because everyone will also do the same thing when they find expensive Gas costs.

This is a serious problem for me, high transaction fees make me always switch to cheaper coins like BNB, Polygon or TRON. the last time i used ethereum was a week ago and sent $78 worth of ETH but it cost $16 and took more than 2 hours to reach 12 confirmations.

Exactly, we all are facing this problem. Even we can't transfer small amounts of our assets  due to high gas fees. I'm now reviewing a project which aims to do something great in this situation. They are opening a new option where we can make a transaction or transfer our assets in replace of ether fees to coin fees. But till now they are in under progress. I'm sharing you the link so that you can look up too. https://feeno.peanut.trade

Old story and nothing new,,, it is at least a lot more predictable this time around compared to before the London hard fork. We all know ETH 2.0 fixes this with much more tps than current implementation, so we just need to be patient for that.

$30 for fees is the max I would pay too,,, but $100 was common not too long ago

Matic/BSC etc,,, fast and cheap but unproven security. Just saying.

I have the same problem, and who will make a project that can change all tokens to ETH in one transaction by SWAP will be the hero of millions!
How hard can it be?

How does Binance have the option to exchange all tokens for BNB.

The high Ethereum transaction and gas fees are the main reason why crypto entrepreneurs are switching on BEP and TRC token.

When their prices will high they will start finding another solution to deal with this situation.

I have a lot of tokens stuck in my personal wallet for this high gas price of Ethereum. In between, there are many tokens that will not be equal to the gas price if they are sold. But in the midst of this frustration, I'm hopeful that after Ethereum 2.0 is introduced, all problems will be eliminated.

There are quite a few coins there, I found these:
ETH
PAX
LINK
DAI
HUSD
BUSD
UNI
USDC
USDT
WBTC
ZKS
AAVE
HBTC
SUSHI
1INCH
LON
WQTUM
LRC
ALPHA
DODO
CREAM
YFI
GT
MX
SNX
RUNE
HT
OKB
REN
YFII
BADGER
TORN
BBTC
XDEX
WOO
MASK
FEI
TRIBE
mBTM
SHIB
AKITA
gZKS
DBC
CHZ
REI
VRA

I've been working with this project since the beginning, I like everything. And there are pools and mining. I am not advertising this project, just for information.

Unfortunately, I completely agree with you, I have not seen a single blockchain where there would be the same expensive cryptocurrency transactions as on the Ethereum blockchain and the biggest problem is that Ethereum developers know this problem, but they do not care and therefore I have to make transactions through Ethereum blockchain from time to time and I have to pay a lot of money for this, so I try to use Ethereum blockchain as little as possible and I try to make necessary cryptocurrency transfers through Tron blockchain, and of course I hope that Ethereum developers at least in future will fix this problem because Ethereum blockchain is really becoming only for rich people, but still Ethereum blockchain is so very popular even with these huge fees.

ETH is no good at all for small transactions now, it just costs $26 to sign a deed. Why do I need it? For this I use ZKS Swap https://zks.org/en which is exchange with minimal commissions (~1$), but it is on ETH too. Look at it, very attractive and necessary project.

I share your point of view that things will be better when Ethereum 2.0. launches. Now because of big activity, there are many transactions that must be ran as well as Ethereum's price is very high now compared to it some years ago. So all these facts raise the price of transaction fees, so investors with small capitals are just incapable of surviving.

https://etherscan.io/gastracker

If you are not ready to pay for it, do not try too hard, look at the current gas fee to decide for yourself.
I know a lot of people still can't afford the fees on ERC20 so don't try to delve into it, other top platforms won't give you the same problem instead.

Ethereum gas fee is outrageously high. Anyone still transacting on the Ethereum blockchain I believe earns up to $1k or above maybe.
Cryptocurrency is quite reputable for its cheap transactions but obviously, that doesn't apply to Ethereum. This is a big flaw in the Ethereum network and it has kept a lot of investors awau. Developers really need to do something about this.

It is the most expensive right now I shy away from transacting Ethereum and Etrhereum based tokens on Uniswap and other Decentralized exchanges, I'm not a big trader but I just cannot transact $50 worth of token for $30 worth of fees, this is one of the reasons why volume is not high on Ethereum based token, and Binance Smart chain has overtaken Ethereum when it comes to token creation and transacting

I always wondered how people treat all this gas situation so calmly and doesn't see these fundamental flaws in this blockchain...
If we compare ETH or ERC20 tokens with traditional fiat payment systems right now, the choice would be definitely in the "old but gold" style.

we've been waiting for so long for eth to reduced their fees but to no avail, they are still quite expensive. i don't know when will we see competitive fees again. but it is understandable if a lot of devs are migrating to other networks to avoid paying such high fees.
but the price of eth in the market is saying that a lot of crypto users are still trusting this network. it is maybe because their dev team is solid and can really deliver their objectives.

People are now moving away from the Ethereum platform due to the exorbitant increase in transaction gas fees. At present we see that there are very few projects on the Ethereum platform.If the transaction fee goes up like this then people will stop coming to this platform. I think the gas fee of the Ethereum platform should be reduced a lot at the moment. Otherwise, its popularity is the same Will lose.

If you don't have enough funds for the gas fees, better just still keep your coins in your wallet. There are times that ethereum gas fees is quite affordable so you will have more money to save. But right now, its very high as only big whales can transact their tokens these days. This platform has definitely made us all struggles whenever there are times that we need to do transactions. Although ethereum platform's performance is reliable but the price just really give us a damn. Hopefully, things will get better soon before another platform takes over ethereum.

Just don't swap it.

That will require you a lot of eth for the fees to cover it and it's not a good time right now because the fees keep on fluctuating. I miss seeing the fees being stable and they're easy to convey because they're cheap.

But today, it's very different.

Yes, it is not right for now to use the Ethereum blockchain to swap tokens. Plus the swap fees on the Uniswap platform are very high. The minimum fee for activating tokens on the swap platform is $8 and the swap fee is $25. If it fails then we lose $25. It's very complicated, we can't set the fee to lower, because of the risk of the transaction failed.

Yes, it is true that  Ethereum gas fee is too expensive. There are a lot of people that have token in the blockchain but do to high gas fee, so many people have left thier token over there compare to BSC blackcain that you can swap token with small gas fee.
For me I have some token worth of 50$ which I am afraid to swap due to their gas fee, because the amount of Gass fee I will use to swap the token might be more than value of token itself. Now a lot of people are losing interest in the blackcain

Those are not exactly the same thing and the reason is not that. When it was 100 dollars the gas fee was low and yes it was not so different on eth value but that was because people were not willing to pay a lot for gas fee, there were a lot less people and eth blockchain handled it very well, it could have been higher as well if there were a lot of people using it, but there were a very few of them.

Now, it is higher not because the price of ETH went up (well indirectly it is) but because many people are using it and the highest bidder would have their transactions sent very quickly whereas if you pay a little then you won't be able to pay for it.

Try exploring the Near protocol ecosystem. This cross-chain completely solves the gas and swap problem of erc-20 tokens. Dex is available right now, which will completely solve your need for an exchange for uniswap with zero commission per transaction

High gas fees become vary expensive. Now ETH Network transaction gas fee is very expensive high.Untill that high gas fee  not change anything. Still ETH transaction gas fee more high.I Think they development in future and update their systems and solve that problem.

It shows that projects are getting enough recognition only if its listed on centralized exchanges but anyway different people have different strategies when it comes to investment on new projects.

fees from ethereum are quite expensive at this time. because of that, I refuse to make transactions that are not so big when exchanging ethereum platform coins on DEX. I've also spent more than $30 just for fees.
it's just, I use it when I need it. Currently I prefer to use BSC, or Matic, coins instead of ethereum because of this fee problem.

There's still a lot of mediocre project choose to launch on ETH despite the expensive transaction fee. The main reason why they are still using ETH blockchain is due to it vast user and high liquidity. They just setup a cross chain feature on other blockchain after they set footing on ETH.

ETH blockchain is not for big project alone for that reason explained above.

For me, the main criterion for buying on DEX is the price of the coin. I will not persuade you to buy new coins on decentralized exchanges) Here, every trader should assess the risks for himself. But I prefer to buy coins at a low price on DEX than to buy them on centralized exchanges at a price several times higher after listing on CEX.

Cheap projects or projects that don't have enough funds will always use and see Blockchain networks that are very cheap in terms of transfer fees, besides the developers will also not be able to use expensive networks for projects whose capital is only mediocre.

     You know OP, I really agree with you. I used to be a frequent user of Ethereum when I transfer funds because back then, I was still a newbie in this industry and only trusted bitcoin and Ethereum and Ethereum having lower fees than btc, I used it often. But nowadays, the fees have gon crazily out of proportion. The fees are way too expensive! Even more expensive than btc! So now, I use xrp to transfer funds. But in swapping or buying coins on service providers like uniswap, sushiswap, etc., We really have no choice but to use Ethereum when swapping with erc20 tokens. I just hope a solution is created about this problem of horrendous fees!

ethereum gas fee have indeed been very high in the past months on the dex swap exchange platform ,more unnatural when you trade using a mobile device on swap dex ,its strange at the already written fee of 8 dollars and when you want to enter again the fee increases to 30 dollars until it can be even more ,does the OP trade using a mobile phone?

I don't see it as good thing because most of the scam projects can even listed on the DEX with no barriers so the users are going to lose their money but when it comes to CEX there will be atleast some criteria to meet for a project before getting them to be listed.

Let's play the logic on this so you can keep your mind open when comparing the past cost of Gas to the current cost of Gas on Ethereum.
In the past when the price of Ethereum was at $100, the number of digits of fees that had to be incurred on each transaction looked the same as it is now, so why now the fees are expensive when calculated in dollars? the answer is what is the price of Ethereum today and how much is the price of Ethereum in the past, I think that alone is enough to make you understand buddy

No centralized exchange will be able to replace DEX, since new coins are listed there first of all. And we have to recognize the fact that many new coins introduced on DEX will never appear on centralized exchanges. This, along with confidentiality, ensures high turnover of trading on decentralized exchanges.

I'm not sure if the ethereum gas fee will go down or return to normal as before, on the contrary I believe the gas fee will increase every year.but it will not reduce the interest of traders because there is always innovation

In Ethereum, the situation with commissions will not change for a few more years, because many shards need to be launched in order for the main network to have low commissions. Therefore, many projects are already using a Level 2 solution.
Some users will have to spend on bridging fees, but L2 solutions are also supported by exchanges, so this is not a problem.
But decentralized trading has always been expensive.

The problem of gas costs Currently according to our monitoring the Ethereum platform is the most expensive, that's true because until now this is a topic that has been discussed by bitcoiners and hunter trading for a long time, but until now there has been no change, but the transfer journey to the wallet continues smoothly, but only having problems with large gas costs for the sake of the smooth network

It's nothing new that the Ethereum network was almost unusable for "normal" users that are trading or sending amounts of below 100$ or so because if you have to pay 30$ or more for a simple swap on uniswap. That is also the main reason why the binance smart chain has become so popular in the last few months and a lot of projects that were ETH-only a few months ago have also a token on the bsc-chain now. I am not a big fan of BNB and the binance smart chain because for me binance is one of the most centralized projects in the cryptoworld and i don't want it to become a monopolist but i feel kinda forced to use the BSC chain at the moment, because i just can not afford the ETH fees.

Each platform has its own unique thing in making the program, as well as the BSC platform which also has unique things which the ETH platform does not currently have, so all of them have their own advantages and disadvantages in cryptocurrency.

It is undeniable that ETH is the most expensive platform when trading on dex, but did you know that only the ETH platform provides fantastic airdrops for its users??
starting from uniswap, 1 inch and finally dydx. and maybe in the future there will be more like that in the future.

It's been so long already since this high gas fees becomes uncontrollable, although sometimes the price may reduced but most of the time, this high gas fees becomes very expensive. So if you find it hard because of the transaction fees, then maybe transact only when you have an extra amount enough to pay for the gas fees. But if its really needed, then you should pay what it costs. I know a lot of us have been suffering from this concern, hopefully its team will actually make an action so we can save even with just small funds.

So far yes it is. We cant do anything about the gas fee, hence wait for the network to cool down and wait for the fee to recede. Right now a lot suffer with it due to heavy usage of eth network and fee that includes massive transactions of nft. For sure it will take a while before eth fixed this thing.

The very bad effects of having huge fees, but people who use ETH chain are not just small time traders there are many who are
capable in covering fees without any problem, those whales who are not care about that huge amount since they are transferring
bulk amounts of assets. Mostly affecting small traders who can't risk sending transactions knowing that the value of their assets
sometimes is more lesser than the amount they wanted to trade.

Now it is true that ETH is a network with very expensive transaction fees after Bitcoin, but who has said this in the past ? I don't think anyone said this in the past even though the amount that had to be spent on each transaction was also not much different from what it is now, but because the price of Ethereum has increased several times, it makes the amount of Gas costs bigger and this is very very reasonable.

The most expensive blockchain in the crypto history. Miners were so greedy and they didn't want the blocksize to be increased. Miners are doing shit to the ethereum.
The fees on uniswap will always be changing following how crowded the transaction in ethereum network is. that being said that if it will never decrease again. The london hardfork was making it even worst than before.
A few months before london hardfork the transaction fees of ethereum were so cheap as it has ever touched less than a dollar but now this is the worst blockchain ever i seem.
Blockchain needs to be a better thing than bankers or another payment system but the situation in ethereum network has been making it looks even worst than normal payment system.

We all know the problem of ethereum expensive transaction fees. The movement of blockchain networks is mostly done to save their merchant community.
because of course to use tokens from new or developing projects and make their market stronger is the support of trading in the market. when the cost is getting more expensive, it will certainly make more traders protest and stop their activities. they can even withdraw their money and move on to another project.

It's true that ETH is the coin with the most expensive transaction fees at the moment, that's why many projects that were previously only on the ETH network they create new tokens on other networks such as BSC or MATIC to make it easier for users, in MATIC and BSC the fees are much lower.

Ethereum network is over-rated and needs to stop their nonsense if they wanted to keep their investors happy and contented with their service because it's almost every day or every week's people are not satisfied with what they are saying just for mere transaction fees. If you ponder on some other network, BSC and MATIC are better especially MATIC where there's almost nothing to pay for when doing transactions. People will switch to this available network if they find some way to use it as an alternative to Ethereum Network.

Let's not talk about price because SOL has already taken the lead on it. So why is it that SOL has the market but not DOT? Or is it already finished? Can you elaborate more on why it can be the Ethereum killer? I have been looking for something that I can invest in for the long run instead of just BTC. I have known DOT for quite some time but have not yet invested in it.

One of the developers, co-founders of Ethereum, Gavin Wood left Ethereum project and created a new project that can be Ethereum killer, Polkadot and Kusama.

Price of $DOT is lower than $SOL (Solana) but the potential of Polkadot is bigger than Solana. I think the ecosystem of Polkadot will be the real and biggest competitor of Ethereum. Solana is not. Another big competitor of Ethereum is Binance Smart Chain.

This is one of the reasons why the users and developers of ETH are going away and doing new projects. Many people are collaborating and creating new chains, and they are faster and better than ETH. It's just that ETH is like the BTC of contracts. It's the starter of that, and it has paved the way to development and making faster and better technology.

Many people are surprised with how much it can be but do not know how much you know the network is valued. It's not wise to transact at such a high rate, but people are using it because of its applications.

You can check it with other websites

https://ethgasstation.info/index.php
https://ethgasstation.info/calculatorTxV.php
https://ethgas.watch/

Monitor GAS price is not enough because sometimes your transactions can be stucked on the network if suddenly the network has big changes. You will have to cancel or replace your transactions.

[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

I feel you because I also waiting when the gas fee drops below $5 to transfer my coin into exchange but it seems it's impossible to happen.
The gas fee isn't permanent, it also fluctuates the same as the price of the Etheruem, the same as what I have done, I'm looking for perfect timing when the gas fee reduces too much.

You can monitor it here, https://etherscan.io/gastracker.
Currently, Uniswap has an estimated cost of transfers and interactions fee, it's currently $70 for the low transaction cost.

you don't say ?!! Ethereum became a platform for the rich because of those high fees, if you're willing to swap few bucks like $50 or $60 you won't get anything from that, it is not for poor people and small transactions, i can't use it anymore especially to swap tokens on Uniswap or others, sometimes i use it to send a token to an exchange and i barely can do that without getting finessed with high fees.

This is the problem that we can't do nothing about it but just wait for a reduction in gas fees that may possibly happen when ethereum 2.0 takes place. It's either you continue using it or stop transacting with ethereum network as i believe only rich users can afford its high gas fees. And since the developers have not come to fix it properly, so i guess you're right that this gas fees at the present will certainly increase in the days to come. But despite all this issue, ethereum network is still the top's choice for a lot of users.

You need to prepare lots of money just to swap on uniswap. You must put additional funds to make your transaction will be running smoothly and it will be approvind by the block as fast as possible. You're correct about your statement if ethereum was the most expensive platform right now. It will not worth for small traders like you to trade on ethereum and its dex. You must have spent two digits just for the fees and sometimes it was increasing to the three digits.
Ethereum was the first smartcontract platform and the calculation that already made by ethereum developers about the blocksize didn't meet their expectation as it's not enough to be used for the mass adoption. Currently ethereum was the expensive one and that was forcing small traders migrate to the competitor like binance chain and polygon which was offering cheapest fees than ethereum. This must be solved or more people will be going out from ethereum. I can't deny the fact people have been starting to use ethereum as a store of value just like bitcoin.

Yes, it is, even though how expensive the fee is, there are still a lot of people using it. So if your funds are not quite huge that you will get rekt by just on fees, try to find other alternatives of Ethereum, I believe that these days, Ethereum is for whales only.
By the way, about the gas fees on Ethereum, you can try to use the gas tracker from etherscan: https://etherscan.io/gastracker . By using that, you may find how much is the estimated cost for every transaction based on the different gas you set.

Trading ethereum tokens on decentralized exchanges is the most expensive compared to others, if you want the transaction to happen then you have no choice but to pay the required fee. And Unfortunately, There are times when Ethereum fees on Uniswap are higher than 55$. I had a situation once that it exceeded even more than 80$.The popularity of Ethereum makes it more and more users and hence such high fees.I always hope later this year when ETH 2.0 coming out will somewhat improve the current gas because it is too expensive compared to the coins on the ERC -20 ecosystem that we own and it is very difficult to move.

Gas fees are not fix so expect for its price to continue to rise during the market up trend.
This has been the problem with ETH network, and yes its the most expensive so far and I do also have such experience the worst thing here is that after paying the required fees, the transaction will not process because the system will tell you that you do not have enough gas fees, I wasted a lot of money because of this.

Before making a transaction or swap a token on uniswap you should check the gas fee. You can check it here https://etherscan.io/gastracker.  Then you will understand how much fee you need. Because if you deposit the fee in your wallet again and again, $5-7 will be deducted as transaction fee each time. This will increase your cost.

Indeed these days the fees on ethereum back become expensive such as before looks like the latest hard fork doesn't give any impact at all in the terms of network fee. Even today the fees are approximately $10 without additional tax fees from the third party such as uniswap, due to it nowadays I prefer to avoid doing many transactions in a short time unless it necessary to do.

Make sure your ETH transaction is worth it e.g use 3-5$ to transact 150$ and you won't feel like you are at loss, don't send 40$ with 6-7$ that's not cool and always watch out for gas fee before making a transaction, use website like ethgas.watch to track fee

Yes, very expensive lately. But what can we do to reduce the fees? we have to wait until the network shows a cheaper gas fee so that we're going to have a transaction that won't be that have much fee. But doing this will require you to be patient because it will take you sometimes an hour or two before you see the drop in the gas fees. So, if you're not in a hurry and you want to pay for cheaper fees then that's all you need to do until ethereum developers do something about it.

Unfortunately, there are times when the Ethereum fee on Uniswap is higher than $50 .. I had a situation once that it exceeded even over $70 level.
The popularity of Ethereum make that it has more and more users and hence such a high fees.
This is also why so many projects using Binance network have appeared.
Hopefully things will change when Ethereum 2.0 is introduced.

Yes, trading ethereum tokens on the decentralized exchanges are the most expensive one than others, if you want to make the trade to happen then you have no other choice than spending the required fee but if you are someone who is not ready to spend that much as fee but don't care about the KYC then there are some good centralized exchanges are available for cheapest trading experience.

These days I try as much as possible to avoid the Ethereum network. Ethereum is a wonderful blockchain, what with it being a DeFi torch bearer, but its just too unwieldy to transact. With insane transaction fees, I can't touch Uniswap or Sushiswap with a long pole. Between has to fix this platform, or sale the competition would eat it alive

Over the last few days, I have faced many problems while transacting a few tokens. Even after I repeatedly deposited in a few wallets, at one point the transaction was going to stop. That is what is in Uniswap. I have deposited 20$ due to additional fee. But the fee needs to be above 50$. So has been interrupted to swap a few times. Currently I think the Ethereum platform is the most expensive. What do you think?