Topic: what's wrong with uniswap? - page 3. (Read 547 times)
In my opinion, each market usually has its own regulations regarding Gas Fee and each market also has a different price. Like Uniswap, it also has provisions regarding gas fees. By following the development of the number of Gas Fees on the market, UniSwap also increases the price of Gas Fees
Because many altcoins use uniswap swap, so
every day the gas is different depending on how fast or slow the network is, so competing to put big gas so that the transaction is fast and you can open it on my website and pay attention from time to time
https://etherscan.io/gastracker
every day the gas is different depending on how fast or slow the network is, so competing to put big gas so that the transaction is fast and you can open it on my website and pay attention from time to time
https://etherscan.io/gastracker
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
Fees are insanely high on ETH right now. Who'd want to pay hundreds of dollars just to swap one token to another? Whales will be the only ones that could afford such high costs, leaving the average person out of the system. It's a pity since only the rich can participate in a highly-congested blockchain network. The London hard fork (EIP-1559) had little to no effect over ETH gas fees. Things are now even worse, as gas fees reached a historical All-time-high. Uniswap is built within Ethereum, so if the network gets clogged up, fees will soar like there's no tomorrow. I wouldn't worry about high fees on Uniswap, since there are many alternatives available on the market right now. If you still want to use Uniswap, then I'd suggest you wait until ETH 2.0 is released or gas fees decline to make your move. Just my opinion
i wonder who on earth make transactions on eth this time. other than hedge fund and big players i guess no one else would love to pay $40 for a single tx. hopefully they move to l2 sooner than later so there's no need to pay a lot of money just to make an approval.
I suppose most of them it's Exchange or Big Entities, Yesterady i just seed $150 TX Value with more than $1k Transaction fee and it's coming from Exchange wallet, It's really ridiculous to use Ethereum network right now and as you said Layer-2 Or other alternative like BSC, ADA it's the best solution so far atleast untill Eth 2.0 Implemented, Well let's hope it's going to change on the the next Update.
i wonder who on earth make transactions on eth this time. other than hedge fund and big players i guess no one else would love to pay $40 for a single tx. hopefully they move to l2 sooner than later so there's no need to pay a lot of money just to make an approval.
I suppose most of them it's Exchange or Big Entities, Yesterady i just seed $150 TX Value with more than $1k Transaction fee and it's coming from Exchange wallet, It's really ridiculous to use Ethereum network right now and as you said Layer-2 Or other alternative like BSC, ADA it's the best solution so far atleast untill Eth 2.0 Implemented, Well let's hope it's going to change on the the next Update.
Yes, really it's not what users expect when the fee is too expensive, but think more positively about it because you are using limited things from it. Looking instead at the value it has brought from the recent change, I personally just find that not everyone is willing to pay this amount, but it is still happening every day. Currently, on the market there are many other platforms that bring satisfaction to participants, to me, if you don't like it, no one is forcing you to use it.
Everyone is experiencing enormous fees due to the traffic that the Ethereum network has. That's why most of the projects that have main transactions being done in Ethereum network especially those ERC20 tokens and projects that are built through its smart contract are all affected by the high fees. Don't pay that much fee and wait until those fees get low and if the amount is acceptable despite of being quite high.
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
I stopped using Ethereum due to gas fees and moved my funds to Fantom. I'm looking forward to using Aurora on NEAR when it's ready, it's the best scaling solution for Ethereum. 
Everything is very expensive with Ethereum and when the Ethereum needed for sending token reach more than $100 thats the time many people will decide to use BSC. I think it was because many transaction created for NFT and most of the NFT transaction use very high fee maybe because they want to have their NFT as soon as possible and it influence and make the gas needed very high. NFT is currently hyping again.
Recently its cryptopunk thats very hype because big company is buying NFT like this maybe because they got interested.
Recently its cryptopunk thats very hype because big company is buying NFT like this maybe because they got interested.
There is nothing wrong with Uniswap, the problem is in the ethereum blockchain which is busy with overtransactions. the high price of ethereum also results in high transaction fees, so old or new token developers are starting to consider moving to other blockchains with cheaper gas fees such as BSC or MATIC. I personally have started to avoid assets that only use the ethereum blockchain for my portofolio assets.
i wonder who on earth make transactions on eth this time. other than hedge fund and big players i guess no one else would love to pay $40 for a single tx. hopefully they move to l2 sooner than later so there's no need to pay a lot of money just to make an approval.
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
I like this service better.https://www.gasnow.org/
This is not a Uniswap problem.
Ethereum cannot solve the problem of expensive transactions, so such prices will constantly appear during the demand for transactions.
I use Optimism, there are commissions of $ 1.5-2.5. This is also expensive, but acceptable if you want to work in the largest decentralized ecosystem.
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
The gas rate varies in the hours of the day, as well as in the days.
It depends on how busy the Ethereum network is, this is how they are now:
From my point of view the rate is still very expensive, but it is the weekends when it is lower.
I think uniswap fee works with the high rate of ETH gas fee. And I think most times it works with the way the network and block is so busy.
Lately I have fully avoided trading on uniswap because the fee currently cost much more than the token which one wants to trade.
Lately I have fully avoided trading on uniswap because the fee currently cost much more than the token which one wants to trade.
there is nothing wrong with uniswap. this problem exists because of a problematic ethereum network. the ethereum network could not cope with the high TPS and caused the fees to increase very high, and this has an impact on uniswap. until ethereum have found a solution for this. this problem will keep popping up, so just give up for now.
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
Thats because of the eth network usage. Its not only about uniswap fees. Anything that uses eth network experience this fee. Yes its kinda frustrating but thats how eth when everyone uses it. I think they cant handle those massive transactions simultaneously thats why the fees increases so much.But this will change soon when eth complete their migration.
everyone hopes like that, me and you as "crypto addicts"
need a refresher for the wallet or for collection only. so that many cryptocurrencies businesses survive...
Found an interesting article on this topic, something really weird is going on https://blockster.com/blockdesk/1389_uniswap-labs-restricts-access-to-over-100-tokens-on-its-own-interface
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
Thats because of the eth network usage. Its not only about uniswap fees. Anything that uses eth network experience this fee. Yes its kinda frustrating but thats how eth when everyone uses it. I think they cant handle those massive transactions simultaneously thats why the fees increases so much.But this will change soon when eth complete their migration.
recently uniswap reported about the fee on 27/8/2021 with a fantastic fee price, because many altcoins use uniswap swaps, What do you think?
The prices for transactions on the eth chain are just way to high at the moment again. We are seeing higher gas prices now for almost a month again and i just hope we don't reach the gas fees again that we saw during the altcoin bullrun back in May this year. Uniswap is a great platform which totally which totally changed the way that New projects can access the market. They can simply list themself on uniswap and don't have to pay huge amounts of money to get listed on a centralized exchange.
It's been that high for a long time despite the update of the EP155 but I believe this is just for the swapping platform but if you send tokens to another wallet it's fine. The reason for the high fee on swapping platforms is because it's a complex transaction in which there are fees to pay to the liquidity providers and all that participated in the Defi platform.
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