I think it's already significantly lower than it was before the merge, moreover around the NFT trend it was really high in term of fee right now it seems rather normal.
in fact swapping your coin usually needs higher than usual fee same with the other smart contract blockchain therefore it's normal.
Topic: Why Ethereum is Swap is costly after the Ethereum merger 2.0 (Read 124 times)
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
Perhaps you didn't read the most common misconception about the ETH merge.
https://cointelegraph.com/news/the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade
Quote
Misconception 1: Ethereum gas fees will reduce after The Merge
Ethereum’s impending upgrade will reduce Ethereum’s infamous gas fees (transaction fees) is one of the biggest misconceptions circulating among investors. While reduced gas fees top every investor’s wishlist, The Merge is a change of consensus mechanism that will transition the Ethereum blockchain from PoW to proof-of-stake (PoS).
Ethereum’s impending upgrade will reduce Ethereum’s infamous gas fees (transaction fees) is one of the biggest misconceptions circulating among investors. While reduced gas fees top every investor’s wishlist, The Merge is a change of consensus mechanism that will transition the Ethereum blockchain from PoW to proof-of-stake (PoS).
Many uninformed think that this merge is done to fix the scalability and gas fee of ETH so they got disappointed when the gas fee doesn't change. If they only read the roadmap and different article that explains about the merger, they will find out that merger is the initial phase of the update to accommodate further upgrade of the ETH network. Scalability and gas fees will be fix when sharding is implemented.
So there will be no cheaper transaction after the merge, but in any case, as others have said it is still quite cheap and so we don't know what is your complain here.
Probably he had transfered some of his ETH asset during the peak time or probably he transfer them from an exchange that hasn't adjusted its processing fee yet.
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
Perhaps you didn't read the most common misconception about the ETH merge.
https://cointelegraph.com/news/the-merge-top-5-misconceptions-about-the-anticipated-ethereum-upgrade
Quote
Misconception 1: Ethereum gas fees will reduce after The Merge
Ethereum’s impending upgrade will reduce Ethereum’s infamous gas fees (transaction fees) is one of the biggest misconceptions circulating among investors. While reduced gas fees top every investor’s wishlist, The Merge is a change of consensus mechanism that will transition the Ethereum blockchain from PoW to proof-of-stake (PoS).
Ethereum’s impending upgrade will reduce Ethereum’s infamous gas fees (transaction fees) is one of the biggest misconceptions circulating among investors. While reduced gas fees top every investor’s wishlist, The Merge is a change of consensus mechanism that will transition the Ethereum blockchain from PoW to proof-of-stake (PoS).
So there will be no cheaper transaction after the merge, but in any case, as others have said it is still quite cheap and so we don't know what is your complain here.
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
Ethereum gas fee dropped drastically then how can you say that ethereum transfer is still high?If you're talking about the withdrawal from the exchanges are still high then the exchange has to lower the withdrawal fee but as of now the gas fee is reduced too low.
honestly maybe everyone thinks the withdrawal fee will be cheap after merging but that's wrong, because there is still another process that must be updated in the next map, actually if the transaction fee has become cheap if you make transactions on weekends, maybe around 4 gwei or 5 gwei
it looks like you gave a reference to the ethgasstation site which already looks not working properly, to see the cost of active gwei gas can be seen here https://etherscan.io/gastracker ,
Can you please enlighten us on why you think the cheaper transfer fees are not yet the case? It could be something I am missing
According to Ether Gas Station, the fees seem to have pretty much dropped so low compared to those days when Gwei was so high
According to Ether Gas Station, the fees seem to have pretty much dropped so low compared to those days when Gwei was so high
it looks like you gave a reference to the ethgasstation site which already looks not working properly, to see the cost of active gwei gas can be seen here https://etherscan.io/gastracker ,
As far as I know the fees was not going to reduce because of the merge at all. It was going to happen after the sharding implementation.
So I guess what zasad@ is saying is correct. It must be because of the low demand in the bear market which has caused the decrease in price.
So I guess what zasad@ is saying is correct. It must be because of the low demand in the bear market which has caused the decrease in price.
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
it seems that the Ethereum Merge has not been able to have a good impact on Gas Fees on the Ethereum network, I've heard this before the Ethereum merge was completed, that Gas fees will not change,
and indeed the fact is that gas fees are still very expensive for ethereum, yes this is very unfortunate for the ecosystem ethereum itself.
https://bitcointalksearch.org/topic/m.61066344
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
it seems that the Ethereum Merge has not been able to have a good impact on Gas Fees on the Ethereum network, I've heard this before the Ethereum merge was completed, that Gas fees will not change,
and indeed the fact is that gas fees are still very expensive for ethereum, yes this is very unfortunate for the ecosystem ethereum itself.
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
Ethereum gas fee dropped drastically then how can you say that ethereum transfer is still high?If you're talking about the withdrawal from the exchanges are still high then the exchange has to lower the withdrawal fee but as of now the gas fee is reduced too low.
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
Can you please enlighten us on why you think the cheaper transfer fees are not yet the case? It could be something I am missingAccording to Ether Gas Station, the fees seem to have pretty much dropped so low compared to those days when Gwei was so high
Hi guys I was wondering that that when ether spiked it caused very big gas congestion problems that lead to very high high fees for swap and also withdrawals. And when we heard news about ether merge 2.0 many members were saying that it might get very cheaper withdrawals fees and still I think that's not the case with Ethereum and that is not good for snallers volume traders.
Jump to: