Topic: What’s the highest gas fee you have ever paid? (Read 624 times)

This happened few years back when the gas fee for eth is quite high.

At that time I need to transfer my token to an exchange to trade it because the price is decent enough to make profit.

I paid $60 gas fee for that transaction and its really a pain.

When the new DEFI exploded and all the hype was over, I completely accepted the $200 fee for uniswap transactions. Honestly, it didn't matter what I sought and accepted, it had to yield a fair profit. Who would be stupid enough to pay that amount for transactions? It's still a big problem for many people.

Extraordinary ETH gas, I have also received a gift from a large and clear platform, to get it, I have to make a claim with ETH around $75, just sent it to my wallet, after the exchange process for the coin/gift the value is series from capital that I put out in the beginning and this is the highest gas fee of several transactions I have ever done

Selling tokens with the current ethereum network really is a longer thought.
sometimes we have to calculate how much we earn minus the transaction gas fees we spend, it's really annoying.
however, I think gas being so expensive is actually a boon for ethereum network project builders because the scammers using this network are gone.
so that projects that are held on the ethereum network on average are indeed very profitable, even though it is very tormenting for the community with small transactions. I myself have long left the ethereum network, currently using BSC more.

Depending on the complexity of the smart contract being used, the gas fee can be a lot higher than previously expected. DEXs like Uniswap and EtherDelta consume more gas than ordinary ERC-20 transactions because they perform a higher number of operations on the blockchain. Imagine how high fees will be with a heavily-congested Blockchain. That's why most people are beginning to use L2 scaling solutions on Ethereum to save money on fees. Others simply use alternative chains like BSC or Polygon (MATIC) for peace of mind. ETH developers still haven't launched the final phase of the PoS upgrade, so competitors will continue to grow at a fast pace.

Until the next iteration of ETH comes out, don't expect gas fees to decline on the main chain anytime soon. At least, people aren't stuck on a single blockchain. Things would've been worse if ETH was the sole smart contract platform on the market. Who knows how ETH will look like in the future? Just my opinion

Gas is a big issue when it comes to deploying contract on Ethereum network. Basically, the higher the gwei the higher the price you pay in fees on the ethereum network. I think I have spent $1k to $2k in ether deploying contract on ethereum network. I have spent $500 in fee on a single trade as well!

Well, same with me almost $100 in ETH for transferring my token to an exchange tho but fortunately due to my token keep increasing I don't mind those high fees because the profits I got was bigger than the fee itself and average in that time I paid the fee around that price for many tokens. But now I see the price for ERC-20 transfer already lower rather than what I used in the last year.

Oh no this is very sad to be put together on amount spent on a regular basis. I recently reduce myself from enrolling any ERC20 transactions due to the sick and sucking condition of gas fee instead I rather buy, trade on a CEX than using DEX to initiate swap. In most cases I spent 50 to 100 dollars and is very annoying.

$28 for sending $10 on eth 

The issue with ethereum gas fee is getting frustrating by the day. We expected that the issue should have been resolved before now, but it's over two years now and we're still faced with this problem. I'm always very conscious about the gas fee used for my transactions and in most cases when I have the opportunity, I switch to binance smart chain or tron blockchain time carry out my transactions.

Gone are the good-old days where you could pay a ridiculous amount of gas to get your transaction processed by the ETH blockchain. Back then, transactions used to confirm within 14 seconds. Now it takes around a minute or two (maybe even more depending on the gas fee used) for your transaction to reach 1 confirmation. These are the consequences of being too popular as a cryptocurrency project for day-to-day transactions.

ETH devs should've introduced a short-term remedy for the high gas fees, but for some reason, they haven't done that yet. They're only focused on PoS, thinking everything will be "magically" fixed after the upgrade. L2 scaling solutions like Arbitrum and Optimism are around, but not many people use them. Without awareness for these L2 networks, how would ETH scale to millions of people around the world? I just hope gas fees don't stay high forever. Otherwise, ETH will remain a platform used solely by whales and big exchanges alike.

I haven't been using ETH for a while except to redeem some airdropped tokens whenever it's economically-feasible to do so. I'm pretty sure the average person is doing the same as gas fees are too high to bear. At least, we aren't stuck on a single chain. Things would've been worse if ETH was the only smart contract platform in existence. Just my opinion

I don't use ETH anymore for making any regular transaction. I just hold them for profits. Almost unusable due to the gas fee. I remember trying to buy a token and the fee was around 200$+. I would have been paying more in fee that the amount of tokens i was buying. The highest I paid was around $25 I think. Not once, but twice and both the transaction failed. I forgot you still lose your fees when the transaction fails..

One thing with me is I always refuse to do any transactions when the gas fees are above $50, like the highest gas fee I paid for a transaction on uniswap was about $48 if I could still remember, but then, it doesn't end there, I have some NFTs I staked on dego.finance dapp way back from 2020 which currently requires over $410 in gas fees to claim, some time last year, it used to be over $1500 but am guessing Ethereum gas price have come down a bit and hence, the reduction in the gas fees, I honestly will leave the NFTs there for as long as it takes for the gas fees to come down to a few dollars if not cents

Last time I've opened a sell offer on OpenSea to sell my NFT, as far I can remember it will ask me around 280$ Network fees,  
The interesting thing is the regular price of that NFT was 300$  

That means to sell 300 dollars worth of NFT I have to pay $280 fees. I got that NFT on my Ethereum wallet as a gift that's why I sold it for 20$.
To avoid excessive fees nowadays I try to avoid ERC-20 based tokens and transactions if I have doubt about the worth of that tokens.

Looking at the volumes of ETH every single day, it is quite obvious that we are seeing a good amount of people using it. I do not know if they are all whales but looking at the transactions it feels like they are not all whales.

It is just that some people need to use it, like for example Philippines have been involved with Axie from the start and made some money from it, that's correct, right? They made as much as 20 dollars a day at one point if I am not wrong, that is insane amount of money for someone in a third world country like me. To play that, they had to use ETH somehow, sure not all the time but at least time to time they had to withdraw it.

This is why I do not believe that it was all whales, there have been some other people who have done it before and I am sure that it will happen in the future, whales and non-whales are alike use it.

 
My highest is also around $80 dollars, maybe I had +$90 once, but I am not sure... it was crazy in one moment, I was cashing out some tokens, moving Ethereum or USDT, all that was and is still very expensive! I see Ethereum fees wins by large, and it's why I decided to move to some other chains!
I think most of us had some nice profit, so we had for paying the fees, but that wasn't normal, and since that moment I started avoiding Ethereum, Ethereum tokens, and anything connected with them! I made a few transactions because I had to, but I will never invest in that again!

When the gas fees were low then everyone was using ETH blockchain but after high gas fees users avoid the ETH blockchain so in some cases need to use ETH blockchain I have used for claim from contract address that was $86 gas fees on ETH blockchain but now I don't use since a long time due to high gas fees on ETH network.

Exactly. Ethereum can only be used by whales right now due to the exorbitant gas fees on the network. Until the PoS upgrade comes up, we won't be able to experience any relief in our pockets anytime soon. While other chains have lower fees and faster transaction confirmation times, none of them are as secure and reliable as Ethereum. I guess that's why most people are still using ETH even with the high gas fees. Developers need to think between sacrificing decentralization to help bring convenience to the masses or all the other way around.

I'd choose decentralization anytime, simply because it ensures security/reliability in the long term. Without a reliable blockchain network, how would anyone conduct transactions confidently? There are rumors that ETH will upgrade to PoS this year, so we may not need to wait any longer for fees to decline for good. Just my opinion

Can't deny that ETH network has the highest fee on crypto right now, it's peak price could 10x times the price of it's lowest price. If i have to make transaction with this network, the only way to make it most efficient is using the gas fee alert tools to notify me whenever the price touch the lowest price  or the price we determined

Currently ERC20 token exchange or swapping costs a lot more gas fee.  You don't have to pay that much before.  However, for the last 2 years this extra gas fee has to be paid.  And so far I have paid the highest $ 69 Gas fee.  And that is the token of ERC20 Network.  I swapped 400 token for 69 fee.  And so don't swaap if you don't get the ERC20 token with more value.