The ethereum network continues to be updated. Ethereum developers, during a recent call, approved the details of a future network upgrade called Dencun (Cancun-Deneb), which is expected this year.
A key component of the upgrade will be an Ethereum EIP-4844 improvement proposal known as Proto-Danksharding. The option scales the blockchain by introducing a new type of transactions for large arrays of binary data (blobs) and organizing their storage. This is intended to reduce commissions for L2 solutions based on Rollups technology.
Among other changes, the hard fork includes:
EIP-1153 - reduces fees for storing on-chain data and optimizes block space;
EIP-1153 - improves the efficiency of cross-chain bridges and staking pools;
EIP-5656 - makes minor changes to the Ethereum Virtual Machine;
EIP-6780 - removes code that can prevent smart contracts from working.
The developers have not determined the exact date of activation of the update. This is expected to happen by the end of 2023.
Topic: I'm getting tired of the high fees for gwei - page 2. (Read 567 times)
The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
yes, I completely agree with you, the prices for transactions are very high, it’s not possible to do any simple actions for everything, you have to pay crazy money, as for me it’s all wrong, you shouldn’t raise such huge prices for transactions, because quite recently there were adequate prices for transactions in aisles of the norm, and everyone was fine, the people made a lot of transactions and all this was a good profit 
I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee
BCS does have cheaper transaction fees than ETH but that could change after a big increase in BSC later, I think there will be an increase in gas if the price goes up again but this is just my prediction don't think about it too much. But I like both types of coins to continue to grow.
The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
you can always alternatives for the purchase of what you are trying to do, if for example you are building an app on top ethereum, you can go for other chains with lower gas fees, I had the same issues with etherem, i have to migrate to stellar because they have lower gas fee. the thing is that, you still have no choice but to deploy in ethereum blockchain if you wanna make your app meaningful, despite the high gas fee, it's still can't be denied that ethereum blockchain, in term of traffic far better than the rest of the alternative.
therefore it still make sense to deploy an app in ethereum instead, even layer 2 aren't having the same ecosystem like ethereum and recently many coins that has gained success are all in ethereum blockchain, so I doubt you could just move on to another alternative blockchain that easily.
The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
you can always alternatives for the purchase of what you are trying to do, if for example you are building an app on top ethereum, you can go for other chains with lower gas fees, I had the same issues with etherem, i have to migrate to stellar because they have lower gas fee. 
The status of both bitcoin and ethereum trading networks is not very good. So I'm also quite tired of having to make a forced transaction for this network. Even when friends encourage using the polygon network, sometimes I feel quite annoyed by network congestion and abnormally high transaction fees (although the value is still very small compared to the above two transaction networks). Hopefully, the status of the trading network will stabilize, and everyone should be less stressed about this as well.
I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee
In most cases, this is due not to our desires, which network to use, but to the realities existing in the cryptocurrency market For example, before the Pepe coin was listed on CEX, it could only be bought on the Ethereum network on a decentralized exchange. And your desire to use the BSC blockchain could not allow you to buy such a coin on this network.
The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
There were times when it drove me crazy as well. High mining fees on the Ethereum network were when I paid high fees, sometimes depending on the situation. If the trade you will make is a waitable trade, wait for the intensity to pass and try to trade during the less busy hours of the day. Even in the Bitcoin network, there were extremely high payments recently. Unfortunately, all networks have scaling problems. 
I have had the same problem as you for a long time, the eth gas fee is indeed very high, therefore I use the BSC network more often than the ETH network, the BSC gas fee is much cheaper than the ETH gas fee
Gas fee for ETH is indeed high and is valid until now. However, there are other factors that contribute to the high cost, such as the limited scalability of the current Ethereum network. If you need lowest, don't use ETH 
.
Blockchain Ethereum can only process a number of transactions per second, which creates obstacles at high demand. This leads to the development of Ethereum 2.0, which aims to overcome this scalability problem and ultimately reduce transaction costs. While the dynamics of supply and demand are the main factors in determining transaction costs, technical limitations that underlie the Ethereum network also play an important role.
.Blockchain Ethereum can only process a number of transactions per second, which creates obstacles at high demand. This leads to the development of Ethereum 2.0, which aims to overcome this scalability problem and ultimately reduce transaction costs. While the dynamics of supply and demand are the main factors in determining transaction costs, technical limitations that underlie the Ethereum network also play an important role.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
High fees on Ethereum network is very old problem ever since its due because many are using the network that's why it's getting more congested especially MEME tokens is highly on demand and everyone wants to have piece of it. Even on bitcoin network is congested because of the BRC20 trends, busy network means many are using it.
Meme tokens were triggering so many transctions to happen in once time. There are also bulk transactions that were coming from L2 who have been bridging to the L1 at the same time. It's making it even looks crazier than before. I would say that if there will be more L2 and meme token trend again and it will able to destroy ethereum. I can say that anyone is trying so hard to make sure if they can get profit from meme token.
The entire cryptocurrency community has been making negative comments about Ethereum for similar reasons for a very long time, but Ethereum developers who prioritize security have so far failed to do better than this. I think use other coins or use Layer 2 coins. Ethereum will continue to serve with these problems for now. Maybe one day, it will be able to provide fast and cheap money transfer as well as safe, but for now it does not have the qualifications to do so.
I prefer BNB for now. Indeed the high Fees on the Ethereum network are a problem for me doing small transactions. Therefore I think BNB is the best right now. But that doesn't mean we have to switch from ETH because there are indeed many projects running on the ETH network and that (high fees) remains a problem that needs a solution.
The two coins are not the best choice, if you can choose to take action by investing in BNB and ETH so much the better. you can analyze a lot from the two virtual currencies. if you talk about large gas costs you should be taught not to cash out in the near future on the coins you have.
I prefer BNB for now. Indeed the high Fees on the Ethereum network are a problem for me doing small transactions. Therefore I think BNB is the best right now. But that doesn't mean we have to switch from ETH because there are indeed many projects running on the ETH network and that (high fees) remains a problem that needs a solution.
The two coins are not the best choice, if you can choose to take action by investing in BNB and ETH so much the better. you can analyze a lot from the two virtual currencies. if you talk about large gas costs you should be taught not to cash out in the near future on the coins you have.
Why not try other crypto like XRP or MATIC. ETH gas is really a pain in my $azz
The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
I prefer BNB for now. Indeed the high Fees on the Ethereum network are a problem for me doing small transactions. Therefore I think BNB is the best right now. But that doesn't mean we have to switch from ETH because there are indeed many projects running on the ETH network and that (high fees) remains a problem that needs a solution.
Perhaps, it happens several times which is why we need to anticipate this possible market event.
Sad to say OP but we need to understand the situation right now. We never have to stress ourselves because that is possible to happen. While thinking about the high fees OP, might look for an alternative or way to move your ETH to a lower fee, or you have to hold and wait for the fees to drop.
Well, it is time for us to learn to hold I guess. And honestly, this urges some people to hold their ERC20 tokens and this will even help to lessen network congestion.
Sad to say OP but we need to understand the situation right now. We never have to stress ourselves because that is possible to happen. While thinking about the high fees OP, might look for an alternative or way to move your ETH to a lower fee, or you have to hold and wait for the fees to drop.
Well, it is time for us to learn to hold I guess. And honestly, this urges some people to hold their ERC20 tokens and this will even help to lessen network congestion.
High fees on Ethereum network is very old problem ever since its due because many are using the network that's why it's getting more congested especially MEME tokens is highly on demand and everyone wants to have piece of it. Even on bitcoin network is congested because of the BRC20 trends, busy network means many are using it.
The high fees of gwei in Ethereum transactions are due to the supply and demand dynamics of the network. When the network is congested, users need to pay higher fees to prioritize their transactions. The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
Everybody is tired of the high gas fee of the ethereum network that is why most of the investors specially the small investors trying to find a good tokens or coins that can run on polygon,ethereum or bnb network chain, if we buy small amount of token then the gas fee is higher than the amount of token that we buy we are just like doing a very in appropriate moves the best option is token that can run on different network.
Where have you been, buddy? Why just now? I've been sick to my stomach since the beginning of all of this congestion. If I remember right, this started to happen when DeFi became more popular, and then NFT, and then $PEPE and so on and so forth, until now there's been no significant solution whatsoever. The smart contract of Ethereum will be all-mighty if it comes with the solution of scalability. I just do transactions in Eth when it's worth it, so I always check the result with the gas fee in the Eth gas tracker first before executing any transaction. This gas fee issue is really giving me a headache, right? We need an exact solution ASAP.
Jump to: