Topic: insane fees on eth (uniswap) - page 2. (Read 749 times)
Thats insane i was really wondering why is this happening and when this offer i play crypto and most of my asset is eth its so frustated i cant do anything with it
I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.
I guess that was a hard lesson
currently i have some tokens in my address too, but the value is still not worth.Now i must calculate the value of the token everytime i want to transfer and swap them on uniswap, otherwise i will lose my money because the gas fee can be higher than the token value and that is not funny.
a few days ago, I made a transaction at Uniswap, and if I calculate, the total fee that I did more than $ 30, even close to $ 45. after all, uniswap is indeed a great exchange, but it has a huge feat. well, if there are other exchanges, I will probably use an alternative. In addition, this did not only happen to Uniswap, even in forkdelta the fees were quite expensive.
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
Since Ethereum started having this crazy gas fees war, I have stopped using it for my daily transactions as each transaction on it is more expensive than the amount of money I spend to eat daily, I have moved over to BSC sincethe gas fees are lesser there, and it's not just me so many projects have moved to BSC since the gas fees war started, eth 2.0 is needed urgently cause we sick and tired of paying this high fees for transactions. anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't reduce fees and the network will likely to surfer patronage.
It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.
It means the Ethereum team has not found the solution of high gas fee problem now.
The high fees on Ethereum network can be caused by few things, high volume transactions and high eth price.
As we know that the ETH price is very high at the moment and if we compare with BSC, it is clearly cheaper in BSC because the transaction volume still not as much as Ethereum network, and the BNB price is also cheaper than ETH price.
In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,
Ethereum and the team is under pressure to reduce gas fee; The hardfork was backdated among this concern to activate the EIP 1559 through the London hardfork to change the structure around the gas fee, allow envelope transaction for backward transaction. The upgrade should cause a drastic restoration of ethereum decentralized exchange and affiliated Defi coins Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't reduce fees and the network will likely to surfer patronage.
It is not about playing with our feelings, it is about rolling out a solution at scale without jeopardizing the security and integrity of the network. That's hard to do, much harder than when you start from zero like BSC.
Basically, ethereum CEO is more like playing with investors feelings becasue they promised us to bring down the fees of ethereum transaction after the upgrade but what we saw after the upgrade wasn't what we bargain for. Ethereum fees still on a very high side and if time not taken most of their valuable investors are likely to join the Binance Blockchain IMO. Until the fees are reduce, other exchanges won't reduce fees and the network will likely to surfer patronage.
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
This is a huge problem faced by Ethereum users right now, very high transaction fees that confuse users with their altcoins that are in the Ethereum wallet. They should be able to get bigger profits, but due to high transaction fees, users must be willing to lose some of their profits because they have to bear the burden of transaction fees that reach - + $ 50.
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
Uniswap is a hungry dex looking to eat all your funds for transaction fee, who design this dex to be so did a terrible job, whatever you do in uniswap attracts fee, you won't to sell, you will pay high amount, you want to buy, you will pay high amount, you transaction failed, you will still have to pay for it, what the hell is that! I don't know how some people find fun trading there, I am no fan of that hungry dex.
I refrain from using Eth network because of the gas fees issue particularly when swapping. I still have high hopes that Ethereum will fix this soon, builders on the network is decreasing I think it is enough reason to seriously tackle this major problem and its a domino effect to poor projects.
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
If you want to use lower gas fee, you just have to wait some time and you will be able to use lower fee.
I usually check the gas fee here : https://etherscan.io/gastracker before make any transaction in ethereum blockchain.
It is very frustrating if we want to swap token for other token in uniswap because insane gas fee indeed, that is why many new projects on bsc now.
In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,
I had uniswap experienced and until now it was an expensive learning. I lost my valuable ether with this stupid exchange. I was trapped but released this problem when I moved pancakeswap. I learned my lesson and you guys need to do your homework before moving your crypto around.
Well, it was already necessary to get used to it, of course it is difficult to get used to such commissions. Especially when you need to make an exchange for a few dollars, and the commission is 10-20 times more expensive than the exchange amount.
But this is because of the high price of Ethereum.
But this is because of the high price of Ethereum.
With the price of Ethereum this high, I can only imagine how much gas fee it will cost to make a simple transaction on Ethereum blockchain, Binance Smart Chain is an improvement of Ethereum that's why the gas fees are lesser there, lately Ethereum has been loosing so many projects to Binance Smart Chain since gas fees are alot more cheaper, they don't want their investors to be scared of investing because of high gas fees.
It is killing the small time traders and bounty hunters. If you were paid in a bounty having a 100$ worth and the eth gas is in 20$ or so + after exchange the withdrawal fee is much likely to be that high. Lucky are those who have big trading portfolios.
Indeed, small traders will never go to trade here with small amount of money because fees may be higher than their initial investment. It could be when bounty hunters have no any other way to sell their tokens. You can't swap by 20$ if you considering minimum fee, i have been swap a token after paid, 70$. 
Recently i have done tx on uniswap. The total fees cost goes 50-80USD. noramlly compare to binance smart chain its huge.
anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
ETH is carrying a lot and I think that’s what’s causing the fees to be this year, plus the bullish trend, so it’s going to be high. A lot of people has been complaining about this same thing that has been happening for a long time and it seems there is nothing we can do about it than to keep on waiting for the ETH 2.0 till it’s released, and we don’t know for how long.anyway there is "Approve" and "swap" . each there are charging. why there are two things , means approve and swap,
there need to eth 2.0 or BSC needy to replacement this insane network fees... I really fedup
I noticed some people started making use of the TRX (Tron) coin, seems like it’s the best now for transactions as I am now seeing a lot of people who are using it. Bitcoin can’t be the next option since it is also experiencing the same high fees as Ethereum has been going through, and I think this is going to continue for long, I guess until the bullish trends are over and it will all stop happening.
yes I agree with you, the uniswap gas fee are insane, the lowest cost is 50 $, very not worth it, therefore I use other alternatives besides eth, I use polkadot and binance, I'm sure polkadot and binance can shift eth position if it continues like this
I'm not sure that will happen. When you are having your tokens that only available on ethereum chain and what will you do? do you wanna abandon your token there? That's why ethereum chain is still active right now. It may need until last year for this problem to be fixed.
People are being forced by the situation if their assets were still using ethereum blockchain. The uniswap is still used by so many people.
It looks like the binance and polka users will still use ethereum too.
UniSwap users will continue to exist on the ethereum network. we can't fight back, this is what happened until now.
he said the improvement was in the middle of this year, so I think all ethereum chain users must be patient with this urgent situation.
what makes people really angry is when they see their token price go up but can't pay the exorbitant Gas fee.
because so far I have seen several transactions on Uniswap now dominated with large values. obviously, it's not a user of a bounty hunter or airdrop.
yes I agree with you, the uniswap gas fee are insane, the lowest cost is 50 $, very not worth it, therefore I use other alternatives besides eth, I use polkadot and binance, I'm sure polkadot and binance can shift eth position if it continues like this
I'm not sure that will happen. When you are having your tokens that only available on ethereum chain and what will you do? do you wanna abandon your token there? That's why ethereum chain is still active right now. It may need until last year for this problem to be fixed.
People are being forced by the situation if their assets were still using ethereum blockchain. The uniswap is still used by so many people.
It looks like the binance and polka users will still use ethereum too.
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