not necessarily what you think, a small profit with a fast spin is more profitable than a big price with a slow spin, say a pack of cigarettes with a profit of 25 cents is sold in a day 100 packs of profit in a day makes $ 25, if a package of furniture makes an average profit of $ 25 for 1 week of sale, which is more profitable?
It seems that you are a very reliable economist so that you are able to provide a very good example in a very simple trade, if my personal answer to your question is, then what is very profitable is the cigarette seller with a profit of $ 25 in a day because if multiplied in a week he has get $175 profit. 
Topic: what's wrong with uniswap? (Read 547 times)
For example, if you own Uniswap when many Altcoins use Uniswap as a place to swap tokens or coins, will you increase the price?
I think you will definitely raise the price accordingly. I think this needs to be done and those who will use Uniswap as a place to do swaps will certainly understand this. That's my opinion.
I think you will definitely raise the price accordingly. I think this needs to be done and those who will use Uniswap as a place to do swaps will certainly understand this. That's my opinion.
not necessarily what you think, a small profit with a fast spin is more profitable than a big price with a slow spin, say a pack of cigarettes with a profit of 25 cents is sold in a day 100 packs of profit in a day makes $ 25, if a package of furniture makes an average profit of $ 25 for 1 week of sale, which is more profitable?
For example, if you own Uniswap when many Altcoins use Uniswap as a place to swap tokens or coins, will you increase the price?
I think you will definitely raise the price accordingly. I think this needs to be done and those who will use Uniswap as a place to do swaps will certainly understand this. That's my opinion.
I think you will definitely raise the price accordingly. I think this needs to be done and those who will use Uniswap as a place to do swaps will certainly understand this. That's my opinion.
Unfortunately that ETH gas fee will not be solved for a long time, it is just not something we could get rid of easily. Thankfully 2.0 is coming but it is not a 100% guarantee that it will solve all the problems neither. If the interest keeps getting higher and higher every day, then the gas fee can't just stay low, it will always go up, even if you manage to make it like solana or something and have huge capacity, in the end we will see more transactions which will make even that type of higher capacity not being enough.
So long story short, ETH is always destined for being clogged in the long run, even if we end up finding short term solution, it will always come back to this.
So long story short, ETH is always destined for being clogged in the long run, even if we end up finding short term solution, it will always come back to this.
Exactly. Fees won't decline overnight. Several network improvements are necessary for people to enjoy the benefits in the long term. While we wait for fees to decline, we can use other alternatives that are built on highly-scalable blockchain networks. PancakeSwap is a much cheaper alternative to Uniswap living on Binance Smart Chain. If that's not enough, there are layer-two solutions and sidechains available on ETH to avoid paying high fees and waiting for transactions to get confirmed on the Blockchain.
I'd say Uniswap is doing perfectly fine even with high gas fees in play. It'll stand the test of time thanks to its decentralized and censorship-resistant nature. With due time, fees will decline making Uniswap great again. Exciting times are ahead with the ETH 2.0 upgrade, Sharding, and several other improvements. Just my opinion
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?
There is nothing that can be done by Uniswap regarding the fees, the Ethereum fees is off the roof and the hardfork is in motion and it will take long time to see the fees coming down, no idea how long it will take but for months you need to manage with these high fees if you are using any ERC 20 tokens. Many projects are providing multi chain options to overcome these situation.So it's all up to us to decide whether to use anything we can do and we don't need to stick to a platform that still has a high cost, ERC20 still hasn't made any significant changes. so we know that many projects have started moving to other platforms which are also quite good.
Of course there is nothing wrong with making changes if they are needed as long as they are available.
There's nothing wrong with Uniswap. It's working just as intended. The real problem is Ethereum with its limited transaction capacity. It's normal to see gas fees soar all the way to the moon when people are heavily using the ETH blockchain. Only Uniswap developers will be able to "fix" the situation by adopting an off-chain scaling solution or simply wait until ETH becomes a full-fledged PoS cryptocurrency (ETH 2.0). Besides, there are other alternatives on the market each with their own advantages/disadvantages. People can decide which platform to use from the other based on their daily needs.
I don't see Uniswap disappearing anytime soon, since it's still the leading decentralized exchange in the smart contracts universe. No other AMM can outmatch Uniswap in terms of security/reliability and liquidity/trading volume. Gas fees won't be high forever, as the network will scale with subsequent upgrades. If you're patient, you'll be able to enjoy low fees and fast speeds on Uniswap just like in the early days. Just my thoughts
Unfortunately that ETH gas fee will not be solved for a long time, it is just not something we could get rid of easily. Thankfully 2.0 is coming but it is not a 100% guarantee that it will solve all the problems neither. If the interest keeps getting higher and higher every day, then the gas fee can't just stay low, it will always go up, even if you manage to make it like solana or something and have huge capacity, in the end we will see more transactions which will make even that type of higher capacity not being enough.I don't see Uniswap disappearing anytime soon, since it's still the leading decentralized exchange in the smart contracts universe. No other AMM can outmatch Uniswap in terms of security/reliability and liquidity/trading volume. Gas fees won't be high forever, as the network will scale with subsequent upgrades. If you're patient, you'll be able to enjoy low fees and fast speeds on Uniswap just like in the early days. Just my thoughts
So long story short, ETH is always destined for being clogged in the long run, even if we end up finding short term solution, it will always come back to this.
So far Eth transaction fee is high, it will reflect on other projects on its blockchain thus the high gas fee witnessed on Uniswap as well as others, and it will most likely be that way until the proposed upgrade which is anticipated to take care of it.
However, one of the surprising things about Ethereum blockchain is that, despite all the high gas fee, it is still growing massively, that is to say, a better solution is coming up soon. Most people compares Eth to BSC network and others, while forgetting that all of them in a way took a leaf from Ethereum. Lastly, the implemented London hard fork only tends to reduce Ethereum circulating supply and not gas fee. So, nothing is wrong with Uniswap, it is only reacting to the Ethereum blockchain gas fee.
However, one of the surprising things about Ethereum blockchain is that, despite all the high gas fee, it is still growing massively, that is to say, a better solution is coming up soon. Most people compares Eth to BSC network and others, while forgetting that all of them in a way took a leaf from Ethereum. Lastly, the implemented London hard fork only tends to reduce Ethereum circulating supply and not gas fee. So, nothing is wrong with Uniswap, it is only reacting to the Ethereum blockchain gas fee.
Exactly. There's nothing wrong with Uniswap. It's working just as intended. The real problem is Ethereum with its limited transaction capacity. It's normal to see gas fees soar all the way to the moon when people are heavily using the ETH blockchain. Only Uniswap developers will be able to "fix" the situation by adopting an off-chain scaling solution or simply wait until ETH becomes a full-fledged PoS cryptocurrency (ETH 2.0). Besides, there are other alternatives on the market each with their own advantages/disadvantages. People can decide which platform to use from the other based on their daily needs.
I don't see Uniswap disappearing anytime soon, since it's still the leading decentralized exchange in the smart contracts universe. No other AMM can outmatch Uniswap in terms of security/reliability and liquidity/trading volume. Gas fees won't be high forever, as the network will scale with subsequent upgrades. If you're patient, you'll be able to enjoy low fees and fast speeds on Uniswap just like in the early days. Just my thoughts
For the time being uniswap coin, the problem of fees still has to follow rules like ETH why is that because uniswap is still under the auspices of ETH its price value and following the movement of market value in uniswap
https://www.coingecko.com/id/koin_koin/uniswap,
And the Uniswap price for today is US$22.84 with a 24-hour trading volume of US$300,749,059. UNI prices are down -6.1% in the last 24 hours. There is a circulating supply of 520 Million coins and a maximum supply of 1 Billion coins. Gate.io is currently the most active market on which to trade
https://www.coingecko.com/id/koin_koin/uniswap,
And the Uniswap price for today is US$22.84 with a 24-hour trading volume of US$300,749,059. UNI prices are down -6.1% in the last 24 hours. There is a circulating supply of 520 Million coins and a maximum supply of 1 Billion coins. Gate.io is currently the most active market on which to trade
i have netvrk token market value 70$ but uniswap swap fees around 56$ now hahahhaha this is crazy
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?
You can't display photos yet, until the time comes, I think at that price it will be difficult for the gas / fee
sometimes i also wonder about uniswap because often if only a small amount that will go into dex is not worth the cost we have to spend, therefore if we want to do an exchange on uniswap we have to look at the gas given to eth for now because that way we can choose the right time to do the exchange on uniswap and as we know if we use uniswap the fees given are not only one time but we have to put coins into the dex and exchange coins.
So far Eth transaction fee is high, it will reflect on other projects on its blockchain thus the high gas fee witnessed on Uniswap as well as others, and it will most likely be that way until the proposed upgrade which is anticipated to take care of it.
However, one of the surprising things about Ethereum blockchain is that, despite all the high gas fee, it is still growing massively, that is to say, a better solution is coming up soon. Most people compares Eth to BSC network and others, while forgetting that all of them in a way took a leaf from Ethereum. Lastly, the implemented London hard fork only tends to reduce Ethereum circulating supply and not gas fee. So, nothing is wrong with Uniswap, it is only reacting to the Ethereum blockchain gas fee.
However, one of the surprising things about Ethereum blockchain is that, despite all the high gas fee, it is still growing massively, that is to say, a better solution is coming up soon. Most people compares Eth to BSC network and others, while forgetting that all of them in a way took a leaf from Ethereum. Lastly, the implemented London hard fork only tends to reduce Ethereum circulating supply and not gas fee. So, nothing is wrong with Uniswap, it is only reacting to the Ethereum blockchain gas fee.
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?
Due to the high price of Ethereum, the transaction fees of the Ethereum blockchain are also very high. Transaction fees on Uniswap are also very high, so many investors who use Uniswap to exchange coins become stuck. And this is not the first time for the Uniswap platform. So many have switched to using the BSC blockchain decentralized platform.
But those who have that capabilities to continue transacting still using uniswap, they are
very aware with the fees but considering the holding that they've got compared to the fees
those traders are willing to gamble.
It's been an issue but still the same and no adjustments, ERC is now being compete by other
chain but there are still many investors and traders who keep their assets inside this chain.
it's up to the investors whether to switch or not, uniswap are just doing his job.
Yes. Indeed, there are still very many who use Uniswap despite the high transaction costs. However, the platform that was developed also has to look at the users in general. This is the development goal of the platform to continue to provide solutions for all crypto users, not just looking at the upper class.
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?
Very crazy fees for a single transaction. I think Uniswap needs to make changes in the context of swap transaction fees. Because the high cost will make people avoid using the platform. In fact I've tried to use Uniswap in recent times. However, the transaction costs are higher than the results of the swap that we do.
Agreed. Even with the London upgrade the fees remain disgusting, many projects on Uniswap are not getting the number of people as they used to because BSC network is so so much cheaper by comparison.
Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.
Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.
Uniswap could lose a large number of users if fees on ETH continue to soar towards new All-time-highs. The best thing it can do is switch to an off-chain scaling solution. Only then, the project will be able to achieve a greater user experience.
Nowadays it's all about convenience, so the project with the cheapest fees and faster speeds will gain the most attention in the mainstream world. Consider how PancakeSwap went towards new heights because of BSC's high transaction capacity. The longer it takes for ETH to scale, the faster Uniswap will lose traction. I wouldn't worry about the high fees as long as Uniswap (and Ethereum) stays decentralized. Just my opinion
It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit.
Agreed. Even with the London upgrade the fees remain disgusting, many projects on Uniswap are not getting the number of people as they used to because BSC network is so so much cheaper by comparison. Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.
If possible, I also avoid trading on the Ethereum network, but sometimes it is impossible to do without it. Most of the new coins after TGE receive their first listing on Uniswap. If the listing also takes place on a centralized exchange, I prefer to transfer my coins there to avoid excessive spending for the swap.
It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit.
Agreed. Even with the London upgrade the fees remain disgusting, many projects on Uniswap are not getting the number of people as they used to because BSC network is so so much cheaper by comparison. Until ETH cracks down decongestion issues which subsequently causes the fees to increase ETH doesn't stand a chance at progressing much further than where it is now. I love ETH but at times using the network is simply impractical.
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?
Very crazy fees for a single transaction. I think Uniswap needs to make changes in the context of swap transaction fees. Because the high cost will make people avoid using the platform. In fact I've tried to use Uniswap in recent times. However, the transaction costs are higher than the results of the swap that we do.
I have already tested the Optimism Network, and it left me with negative impressions. Yes, indeed, the cost in the Optimism network is very low and is approximately equal to the cost in the BSC network, but in order to transfer coins from the Ethereum mainnet network, you will need to pay a commission in the Ethereum network. And then pay the commission again in the Ethereum network when you decide to withdraw coins from the Optimism network. And this reverse transaction takes 7 days!!!
I understand it can be a pain in the head to pay a high gas fee just to use an off-chain scaling solution. But if you do the math, you'll realize that you're saving a lot of money in the process. A one-time payment of ETH gas, allows you to perform as many transactions as you'd like (sort of) on an off-chain scaling solution like the Optimism Network. It's a win-win situation if you ask me. I'd just pay a very low gas fee to be able to use Optimism even if the initial transaction takes a very long time to confirm on the Blockchain. Uniswap should adopt a scaling solution ASAP, in order to avoid getting behind in the dust. Competition is getting fierce each day, but there can only be one winner in the long run. With how big Uniswap turned out to be since its inception, it's unlikely it'll go away anytime soon. Just my opinion
...Something like Optimism or Arbitrum should do the trick...
I have already tested the Optimism Network, and it left me with negative impressions. Yes, indeed, the cost in the Optimism network is very low and is approximately equal to the cost in the BSC network, but in order to transfer coins from the Ethereum mainnet network, you will need to pay a commission in the Ethereum network. And then pay the commission again in the Ethereum network when you decide to withdraw coins from the Optimism network. And this reverse transaction takes 7 days!!!
The Ethereum blockchain is still in demand among developers. It is the demand for coins that are created on this blockchain that leads to its overload, which entails such high commissions. Therefore, it is impossible to refuse to use this blockchain, otherwise you will have to give up most of the coins that are present on the cryptocurrency market.
That's certainly true, mate. Ethereum is in high demand, so expect fees to go all the way to the moon. There's nothing we can do about this, other than wait for fees to decline or simply use an alternative blockchain network. Uniswap should rely on an off-chain scaling solution to lower costs and increase performance. Something like Optimism or Arbitrum should do the trick. Expect Uniswap to see a reduction in user base if fees continue to soar like there's no tomorrow.
One thing for sure is that ETH gas fees won't be high forever. The ETH 2.0 upgrade, Sharding and off-chain scaling solutions will make high fees and slow speeds a thing of the past. We just have to be patient in order to see great results in the future. With or without the high fees, Uniswap will be here to stay because of its decentralized and open source nature. Just my thoughts
The network has become unusable for small investors. Even for whales I imagine it has to be painful paying these exorbitant fees. With DEXs on other blockchains offering much higher APR and more features I wonder how long it will take before we see Uniswap start to lose it's dominance in the market in terms of TVL. PancakeSwap has already surpassed it in total users and it might just be a matter of time before we see a higher amount in locked value also.
The main problem of the Network is ETHEREUM growing gas fees so personally because of these reason i am also making very less transaction and in these week ETHEREUM Network is congested due to receiving a ton of request from the users because of such Huge gas fees many users are unable to swap we all should wait for Eth 2.0 but their is no idea when will it be launched on mainframe
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.
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?
There is nothing that can be done by Uniswap regarding the fees, the Ethereum fees is off the roof and the hardfork is in motion and it will take long time to see the fees coming down, no idea how long it will take but for months you need to manage with these high fees if you are using any ERC 20 tokens. Many projects are providing multi chain options to overcome these situation. 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?
Due to the high price of Ethereum, the transaction fees of the Ethereum blockchain are also very high. Transaction fees on Uniswap are also very high, so many investors who use Uniswap to exchange coins become stuck. And this is not the first time for the Uniswap platform. So many have switched to using the BSC blockchain decentralized platform.
But those who have that capabilities to continue transacting still using uniswap, they are
very aware with the fees but considering the holding that they've got compared to the fees
those traders are willing to gamble.
It's been an issue but still the same and no adjustments, ERC is now being compete by other
chain but there are still many investors and traders who keep their assets inside this chain.
it's up to the investors whether to switch or not, uniswap are just doing his job.
it's always like this, I haven't been going to swapalki on Ethereum for a long time, I'm not so rich to pay$ 40-50 for one transaction, the higher the price of Ethereum, the more expensive we pay for commissions, and there's nothing to do until they do a full update of ETH 2.0. I really hope that this will be decided very soon, I use analogues.
Uniswap is not to blame for this. ETH network is responsible for this. Uniswap is a popular DEX build on ETH network. If the fee of ETH network increases, the transaction fee of Uniswap will increase and if the fee of ETH network decreases, the transaction fee of Uniswap will decrease. Many small traders like me now avoid Uniswap for this insane fee.
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?
That is not really the fault of Uniswap because they are built upon the Ethereum blockchain and a swap is a action that requires more than 1 transaction on the blockchain which is also the reason why a swap costs so much ETH for gas fees. When the gas fees are low it does not really matter that much because if you pay 2 or 5 dollars on fees for a swap is not that big of a different if you trade more than 100$ but in times of extremely high gas fees like during the time when the image you posted was made uniswap is almost unusable for normal and smaller trades. Who would make a swap that is worth 50$ if he has to pay 80 dollars in fees for it?
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?
Due to the high price of Ethereum, the transaction fees of the Ethereum blockchain are also very high. Transaction fees on Uniswap are also very high, so many investors who use Uniswap to exchange coins become stuck. And this is not the first time for the Uniswap platform. So many have switched to using the BSC blockchain decentralized platform.
I think the fees from Uniswap are very expensive, because the gas fees from Ethereum are currently very high, so it affects for the fees from Uniswap, but I'm sure when the gas fees from Ethereum have become low, then of course the fees from Uniswap will be low too, because Uniswap uses the network (blockchain) of Ethereum, so fees from Uniswap depend on the gas fees from Ethereum.
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 networks are really busy and the ones that urge to swap on uniswap needed to spend so much fee to do it. Its a big problem to the network recently and i wouldnt expect any cure for that situation before ETH 2.0 comes.
The user demand on erc20 is huge, although you can see the fee is a lot, in fact many people are still willing to pay to get what they want, of course perhaps because of something like profit.
Personally, I feel it is a problem but not too serious, instead of trying to complain about it, we always have a lot of options available in this area.
Personally, I feel it is a problem but not too serious, instead of trying to complain about it, we always have a lot of options available in this area.
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 am avoiding uniswap during swapping my coins or tokens, that was such a disappointing transaction fee and unfortunately sometimes when it failed you'll be losing eth. My experience made me to devastated with their service, hopefully there's an action for this, that helps correct the underlying problems. Without any choice you'll be risking your gas even $20 you must allow it just to sell your assets.
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 think the fees from Uniswap are very expensive, because the gas fees from Ethereum are currently very high, so it affects for the fees from Uniswap, but I'm sure when the gas fees from Ethereum have become low, then of course the fees from Uniswap will be low too, because Uniswap uses the network (blockchain) of Ethereum, so fees from Uniswap depend on the gas fees from 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.
The Ethereum blockchain is still in demand among developers. It is the demand for coins that are created on this blockchain that leads to its overload, which entails such high commissions. Therefore, it is impossible to refuse to use this blockchain, otherwise you will have to give up most of the coins that are present on the cryptocurrency market.
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?
Unbelievable! 500 gwei for transaction fee is too much for me. Better to wait for a good time to submit the transaction on ETH network.
Many altcoins are using uniswap indeed, but they actually can using pancakeswap on Binance smart chain to avoid high cost on transaction fee.
The projects operating on DEFI UNISWAP have decreased a lot since other blockchains launched their DEFI such as BSC, Solana, Fantom, Polygon...
The reason for the recent increase in transaction fees is the explosion of NFTs and the high NFT exchange on NFT marketplaces.
The reason for the recent increase in transaction fees is the explosion of NFTs and the high NFT exchange on NFT marketplaces.
It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit. ETH is practically useless with the average fee of $30 (source)
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
yeah it looks like it's not just uniswap. but for swap exchange uniswap is more expensive than its competitors such as pancakeswap. I hope Uniswap can lower the gas fee for swaps a bit so that they can compete with other swap exchanges. Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit. ETH is practically useless with the average fee of $30 (source)
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
That’s really bad for the ETH network and it’s economical environment. Actually it’s even wrong to use the word economical, since it literally misfits with the same. I still remember the days when ERC was so amazing they had almost instant confirmation of transaction with few cents worth fees. Today, as the price is increasing the gas fee is rising at an alarming rate.
Though price is high it does not mean everyone can afford it. It’s about the way we used to transact! For example, if I used to pay for X-thing costing me $7 in the old days, then same thing now costs me over $37 which includes 90% dumb fees.
Rise in the price is also useless because I will have to buy the ETH or Swap the coins at current rate. What exactly are they developing is big question.
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.
I have posted about gas being so big on the 28th yesterday and please find out there why it can cost that much https://bitcointalksearch.org/topic/--5356571
Maybe you can also discuss today's gas there
Maybe you can also discuss today's gas there
you are too confident to have discussed on the tread even though you only posted photos and the one who discussed was not you, and you just asked.
It caused by something big happened with opensea or there might be an event and then people wanna try to raise their transaction fees to increase their priority in the block. Ethereum was always facing scalability problem again and again.
The blocksize must be increased to prevent the massive adoption. We must see what was happening with some NFT game and ethereum's traffic was spiking again.
Uniswap was getting a very big impact due to the people were using NFT. Remember that when KONG airdrop was happened and then it was also making the ethereum fees was increasing a lot.
This problem must be solved in the next EIP. I hope that the developers will not only focus on the utility but the blocksize was a very important thing.
The blocksize must be increased to prevent the massive adoption. We must see what was happening with some NFT game and ethereum's traffic was spiking again.
Uniswap was getting a very big impact due to the people were using NFT. Remember that when KONG airdrop was happened and then it was also making the ethereum fees was increasing a lot.
This problem must be solved in the next EIP. I hope that the developers will not only focus on the utility but the blocksize was a very important thing.
otherwise due to network congestion this could make it unsuitable for Ether networks to provide worldwide access. could cause people to switch from the ether.
It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit. ETH is practically useless with the average fee of $30 (source)
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
Right, this is the most logical explanation, as ETH network gets congested, any other in-chain, cross-chain are going to be affected by it.
So there is this trickle effect that no body can control at this point and it will still be the bottle neck if ETH future releases or iterations are not going to look at the bigger issues such as the huge fees. Although there is an argument that the nodes themselves are to blame, still this is a part of it.
It caused by something big happened with opensea or there might be an event and then people wanna try to raise their transaction fees to increase their priority in the block. Ethereum was always facing scalability problem again and again.
The blocksize must be increased to prevent the massive adoption. We must see what was happening with some NFT game and ethereum's traffic was spiking again.
Uniswap was getting a very big impact due to the people were using NFT. Remember that when KONG airdrop was happened and then it was also making the ethereum fees was increasing a lot.
This problem must be solved in the next EIP. I hope that the developers will not only focus on the utility but the blocksize was a very important thing.
The blocksize must be increased to prevent the massive adoption. We must see what was happening with some NFT game and ethereum's traffic was spiking again.
Uniswap was getting a very big impact due to the people were using NFT. Remember that when KONG airdrop was happened and then it was also making the ethereum fees was increasing a lot.
This problem must be solved in the next EIP. I hope that the developers will not only focus on the utility but the blocksize was a very important thing.
It's not only about Uniswap. In general, ETH network is congested, and the new fee algorithm (EIP-1559) is shit. ETH is practically useless with the average fee of $30 (source)
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
Just use other chains with similar dex, like BSC-Pancakeswap, Matic-Quickswap, etc.
I have posted about gas being so big on the 28th yesterday and please find out there why it can cost that much https://bitcointalksearch.org/topic/--5356571
Maybe you can also discuss today's gas there
Maybe you can also discuss today's gas there
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?
You can't display photos yet, until the time comes, I think at that price it will be difficult for the gas / fee
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?
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