l2 was the reason why ethereum fees surged a lot. The hype of meme token is also making it even worst. I can only suggest you to avoid ethereum blockchain when it's still congested at this moment. There's no definite time about when it will be going back to the normal again.
I just avoid to deal with any tokens or NFT that will be using ethereum blockchain as for now.
Topic: I'm getting tired of the high fees for gwei - page 3. (Read 598 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.
it's not only due to Defi and NFT there are many factors out there and that included the emergence of newest layer 2 blockchain that also submit their batch transaction in ethereum blockchain.moreover many airdrops claiming right now are requiring smart contract interaction unlike before where they just outright airdrops to some address but nowadays one need to interact first to get the airdrops they deserved which only means more congestion to the blockchain. there are many ways to increase efficiency in interacting with blockchain but many are still prefer some gimmicks so i'm sure this problem will be left unresolved for many years to come, that unless the developers of ethereum comes up with miraculous solution.
so long there is airdrops going in ethereum blockchain the fee will not be spared, it will just always like this, there was proposal in regard of solving the fee but i'm sure that this just not gonna help, the ethereum at this point i think has reached its peak scalability, it's like what binance founder said, blockchain for the rich, and that's true since swapping requires gas fee as high as $50 which is mad.
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 use another altcoin depending on what you're using with that altcoin, there are a lot of alternatives like BNB, TRON, etc. which will have lower fees compared to Ethereum. If you insist on using Ethereum because have a special reason then wait until there are not many transactions in the Ethereum chain and you will see lower fees if that happens.
just send your ethereum into an exchange that supports some of the second layer and then use that second layer, that way you don't need to execute some smart contract code which highly decrease your fee required and then you can just settle with layer 2, they usually could save up to $200 for fee alone.
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 use another altcoin depending on what you're using with that altcoin, there are a lot of alternatives like BNB, TRON, etc. which will have lower fees compared to Ethereum. If you insist on using Ethereum because have a special reason then wait until there are not many transactions in the Ethereum chain and you will see lower fees if that happens.
I think the airdrop trend for the ethereum network is making costs more expensive and difficult to move because of the dense number of users making transactions. many people are pursuing bridge requirements, swap terms with this ethereum network more and more people are complaining because of the slowness of the network. if the ethereum network airdrop potential continues to exist, it may take a long time for fees to return to normal
ethereum gas fee is beyond saving, even the layer 2 just makes it worse, if you are waiting until ethereum gas fee decreasing to the point it make sense like around a dollar then wait the next decade maybe they will come up with new solution but for now, that's just a distant dream.
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.
Getting tired? Its not shocking, even myself had long time gone on leaving that Erc20 based transactions which fees arent something that justifiable or something that worth.This is why even i do see some worthy coins to invest on this network or blockchain. The main thing that hinders me is about on the fees. We know that buy and sell does really take a huge slice on your overall amount which you could really be able to feel out on every transaction. LOL
Dont know on how Vitalik would really be able to solve it out. We've been through several updates on ETH and i did presume that it was just intended for the sake of fee reduction
but it seems there's nothing happened after those things but the fact, it did becomes even more worst. This is why i did skip out into this network
and focusing out on BSC or even on SOL instead.
the problem was long overdue already. so if you can't afford such stress, leave the network and find another network suitable to your needs. you can't dictate them on what to do because basically we are all just customer waiting for the improvement of the network. if we can't handle such fees, better move on.
this is why other networks are getting their popularity owed to cheaper fees. take advantage of it rather than complaining to what you can't control.
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.
Getting tired? Its not shocking, even myself had long time gone on leaving that Erc20 based transactions which fees arent something that justifiable or something that worth.This is why even i do see some worthy coins to invest on this network or blockchain. The main thing that hinders me is about on the fees. We know that buy and sell does really take a huge slice on your overall amount which you could really be able to feel out on every transaction. LOL
Dont know on how Vitalik would really be able to solve it out. We've been through several updates on ETH and i did presume that it was just intended for the sake of fee reduction
but it seems there's nothing happened after those things but the fact, it did becomes even more worst. This is why i did skip out into this network
and focusing out on BSC or even on SOL instead.
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.
Unfortunately it still is. especially if there are many transactions made on the network, the gwei fee will really increase drastically. Currently, the average gwei fee is 80 gwei. However, this will be higher and will continue to change. Indeed, both the fees for the Ethereum network and also Bitcoin are currently experiencing a fairly rapid increase, so we have to sometimes worry about some annoying things, including the high fees even though we only send a few coins or tokens. 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.
Who wouldn't everyone is now complaining of the high gas fees, not just ETH but BTC lately as well. And as far as ETH goes, we thought that when they to POS this whole high fee issues will be settled or at least minimized.
But with the whole Defi and NFT's is the other way around, transactions are clogging the network now and each and everyone are vying for their transaction to be first and so they don't have any solution but to increase the fees and so this is the result. The worst thing is that we are not even in the bull run, so expect that this is going to be worse at time goes time and we need them to come up with a good solution.
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.
Simple solution, stop using it or start fading off that platform and find one you like. You aren't alone and there is space for new platforms to solve this issue. I don't use eth because of that and yeah I might miss out on some opportunities but I never have to worry about spending just as much in fees to move something off lol.
yes it has become the law of economics, who pays higher will be prioritized. for now the ethereum network is not friendly for traders or airdrop hunters with small capital. Apart from the factors that you said the density of transactions on the ETH network is also due to the increase in users who swap or britge in hopes of meeting the requirements for an airdrop.
The ETH network has multiple purposes of daily transactions for exchanges, bridges, NFTs and more, so the most dense altcoin blockchain network for the number of requests and offers continues to increase every day, although there are already several other alternative blockchain networks but the amount of transaction density on ETH is also not decrease. 
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.
Best not to do any transaction at the moment where transaction fee is so high so that you will not deal with huge transaction fee also the congested network which is happening these days. Better wait for the network became more smoother since this is the way you can find more convenience sending some funds on anywhere you want.
But for now its not ideal to send up something since maybe you might experience what other people experience where they don't have any choice but to pay higher fees just to make their transaction push thru.
Many of us are not whining and not complaining anymore but we can just wait, transact or change cryptos. Until now, the creation of layer 2 coins are still there. It is said to help solve the problems in the Ethereum network so why not make use of this? It's only crazy to think that Bitcoin fees are also surging and I don't think it's because of ETH or the meme coins as they are not on the same line. Maybe someone is sabotaging it? But for what reasons?
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.
Just use Shimmer or Q Blockchain, both have free gas fees.
Welp, there's always the option to just stop using it or if you can't let go of it entirely, just hodl it and use other networks for transferring funds since there are quite a lot of other options available out there anyway. The only problem is if there are certain coins that you need to invest in on the Ethereum network or only accepts Ethereum payments. But then again, it won't matter if the investment is worthy based on your standards.
High fees are things that we just have to tolerate if we want to use the coin and its network in the meantime while also hoping better updates in the future that would lessen the fees and give better features.
High fees are things that we just have to tolerate if we want to use the coin and its network in the meantime while also hoping better updates in the future that would lessen the fees and give better features.
The popularity of DeFi and NFTs has increased demand for Ethereum transactions, leading to higher fees.
(...)
But most of these big platforms on Ethereum are started to exist on layer 2 networks. Where it will help people to save a lot of transaction fees especially if you are not a whale. This is what I noticed also about using Ethereum mainnet and you got only a few funds that are in a transaction, the fees are too much high for you already.(...)
yes it has become the law of economics, who pays higher will be prioritized. for now the ethereum network is not friendly for traders or airdrop hunters with small capital. Apart from the factors that you said the density of transactions on the ETH network is also due to the increase in users who swap or britge in hopes of meeting the requirements for an airdrop.
I think it’s because of the recent meme coin craze which led to increased transactions on the ETH chain. It’s caused fees to be much higher than usual. I think the average gas fee is $45 right now, it’s ridiculous but it’s how it works. Maybe hold off on sending until the inevitable meme coin collapse results in less liquidity & volume.
This is the norm even in the last times when the NFT games are trending the transaction fees are crazy. even though they had already done multiple updates, it seems like they cannot remove this problem because they are obviously gaining with it and they taking some advantage of the users who don't really pay attention or who don't really care about it because for them those amounts are nothing and just some norm. That's why the other competitors are taking advantage of this but they seem having a hard time breaking the throne of Ethereum because until now they haven't managed to beat it in terms of price.However, it is not that easy, there is a balance that's needed between making it cheap/fast and making it secure. They could make it much faster, fast like SOL, but then it would have to stop even more, SOL has nowhere near the level where ETH has, and it got frozen so many times due to security reasons, when you consider that, you realize why ETH is not rushing into fixing this, it just doesn't make sense to put security in danger just to be cheaper.
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