Topic: Why Gas Fee is too High? (Read 622 times)

Ethereum is really vexing me, i never thought i time will come where ETH transaction fees will rival BTC, But it did and evem went above it. Ethereum was supposed to be and altcoin to BTC in terms of fees but currently as i type this post it isn't. So sad vitalik couldn't keep is end of the bargain, wen he declared creating a coin that will give fees below a cent. I am no longer using the ethereum chain just because of the rise in fees.

The solution is to wait for gwei to become low-cost then you can make transactions for sending erc20 or swaps on uniswap, besides that there is no alternative to deal with the decline in gwei in transactions. The transaction fee has dropped in the past week with a fee of 20 gwei so it is more friendly to everyone than the current gwei fee.

Fees on ethereum are currently very expensive but if we have ERC20 tokens then we need transactions with ETH then how do we get around this so the fees are low, we can do all of that by changing the existing GWEI when we are going to do token transactions or we just have to wait for the right time when GWEI is low on Ethereum because the fees given will not continue to be high. There are certain times when Ethereum fees are also low, although not as low as other chains like Polygon and BSC.

High Ethereum gas fees are nothing new. Moreover, when making token transactions it reaches 10 times the Ether transaction fee. Doing a swap is also a fundamental consideration due to cost. I think it's part of increasing other blockchain users. Blockchain BSC, Polygon and others became alternatives after Ethereum gas costs increased.

I believe its no more a problem that eth gas fee do go high and sometimes low. This has been the issue since a while ago and with rise in nft patronage it has become so. Its not that people are cool with it, they just don't have a choice. I hope one day it will return to normal finally.

What I didn't see here is that you are free in a high transaction of an arc because of a long lasting problem not because of some scaling problem which is increasing the speed of the transaction I think and realize they will be as significant as possible here  We have to wait for that. I hope Ethereum will do the transaction which will be within the reach of all and everyone will be happy with the transaction.

When anything that has not valued for a high price yet, the circumstances is low or let me say way back years ago, Bitcoin isn't that huge price yet, it's transactions fee is only low. Also, ethereum in the other hand when it's only having low price, it's transactions fee also only low, but now both bitcoin and ethereum coin has a huge transaction fees because of their fame and value. I think it's going to happen to bnb whenever it reaches its higest peak price value.

The gas fees are too high because FUCK ETHEREUM! 

The gas fee given to ETH is indeed very high and that's because it follows the price in GWEI that is given when you make a transaction, but there are some smart contracts that provide high gas fees so even though we get a low GWEI, the transaction fee given is also decent. high so that if we make small transactions it looks like we have to spend a lot of money, usually before making a transaction on the eth platform first check the average transaction fee on the token on the last transaction on the token.

The question remains as to when Ethereum 2.0 will launch and how many times the developers will postpone the full launch of the main network. I have big doubts that we will see it this year, or even next year. Development keeps getting delayed, and the problem of high commissions remains. The demand for the network is increasing again now, and if a new token hyip starts, we will see prohibitive values for gas again.

Yes, Vitalik Buterin himself often talks about the problem of high commissions, that after sharding it will be possible to reduce the commissions. Only when all this will be launched is a big question.

The demand of using ether network is still high and people normally using it even after complaining. Besides ether team should know how important it is but developers still unable to minimize fee during transaction and Whatever they able to minimize, that is inconsiderable. Ethereum 2.0 update is just giving people hope since so many years and now it suppose to be, It won't be normal soon. We have to suffer with it for long even we are already in.

It's average now but it's still quite expensive. Unlike before that, we can really tell that the fees were low and cheap. 50-100 gwei for the fee is still quite high.
You transact with the erc20 tokens and that's going to still hit you and say that it's quite that much.

Facts surrounding the increase of ETH gas fees, there's so many people that use the ETH network to transfer their  coins to another wallet. Each coin that is categorised under ETH network is usually very high when it comes to gas fees. Perhaps, it's a general and familiar Network people used for transferring their coins. One of the major reasons they don't trade under other networks is because they are not familiar with it. I recommend the TRC 20 network rather than wasting funds all in the name of transferring your coins. All you have to do is purchased TRX tokens, then you are eligible to transfer your coins, their Gas fee is usually small. For instance, when transferring your usdt from Binance, you will have to pay a gas fees of 1usdt or half Of TRX you are transferring despite the amount your are transferring, sometimes it's gas fees is equivalent to 0.1 dollar. Unlike ETH network where your gas fees increase in accordance to the Quantity of coins you are purchasing. Isn't that simple?

transaction of altcoins is responsible behind increasing of eth fee. Cause most of altcoins are on eth blockchain. When crypto industry passing through pump or dump, then people highly purchase or sold their altcoins. More transaction creates more pressure on eth blockchain. That time its block capacity get overloaded, no space for transactions. Then block only accept transaction id which come fast! But for fast transaction, need high fee. Otherwise transactions take long time to get a block or failed sometimes

But the number of whales is limited, even if they can pay the gas fees what it is the point of a coin in which only the rich can move their coins? A coin like that will eventfully fail, so it is important this issue gets alleviated somehow by the ethereum developers, however taking into account that ethereum is moving to POS and this is a model that also benefit the whales then it is likely that you are close to the truth and the ethereum developers only care about those with a lot of capital to keep using their network in the future.

I don't think the gas fee for ethereum blockchain is too high, just average for now.
As long as the gas fee is below 100 gwei, we should not consider it high.
It is just the ethereum price is high in USD value and the gas fee looks high because we convert it to USD value.

Are Ethereum fees really that high? I remember seeing 200-300 gwei transaction prices, everytime market makes huge changes. We see market price changed for 5 to 10% during last 24h and Ethereum fees are as low as they were two days ago. Most of crypto gained 15-25% during last 7 days, Ethereum fees are still 10-20 gwei. People say that paying for $2-15 is expensive for a transaction, that they are used to pay <$1 for a transaction. But Ethereum does not cost $200-400 anymore. The product itself became expensive, transaction can not cost same as they were years ago. So does Ethereum fee really high ?

You will soon feel familiar that if you continue to work in this field, I know many people who still do not realize its value and just want to have their own needs met. The GAS ETH fee is an issue that has been discussed a lot. Opinions are divided a lot, and most new people will not come to ETH, and old people always know to buy it more.

If take a closer look, All transactions on the Ethereum blockchain are made by smart contracts, which use gas to run. This means that there is no way to get rid of the need for gas. Some transactions, like a simple transfer of ether, will also use less gas than complex contracts that need a lot of calculations, data storage, access lists, and other things to work. It's very common for smart contracts to be used in the Ethereum ecosystem, so gas fees are a fact of life.

Gas fees are another thing that could hold Ethereum back until things like meeting users' needs are worked out. Not only users, many investors feel the same way about the above.

I think cases like this have been happening in Ethereum for a long time, but strangely they still hold a good position in the market, no one can replace the number two position for ethereum, this is what makes them bigger, even the users who use this network are not small class, there are a lot of big deals involving them for now, but I also think that if this continues, they will have a hard time maintaining their position in the long term.

For small traders the transaction fees for Ethereum are insane, so they avoid making transactions as much as possible, but for those who make large transactions, the fees are not a problem, so Ethereum is still very stable in the market.

Even as you said, many other networks tried to replace Ethereum but none of them worked, it needs a special study as to why Ethereum is so strong until now

And if we noticed, most hacks that are happening now is either from bsc or from the other newer networks. People only complain about how high the fee of the eth but they did not know that once they got hacked they can lose more than what they pay for the eth fees.

Hacks that are happening are not a joke because they are mostly billions if not trillions. other networks cant replace eth, it was like the eth cant replace btc but they are created only to serve as an alternative if one is not comfortable with the other. Until now a lot of us still believe that eth fees can return to normal and for that we are waiting for the deployment of eth 2.0 that is said to be coming now.

The commission in Ethereum has decreased because so many projects have gone into layer 2 ecosystems.
https://l2beat.com/
NFT tokens are also well minted in L2 ETH. And sharding will still push through 3 or 6 months after the merger.

The problem of high commission will not be solved until the scalability problem is solved. And given the fact that the Ethereum blockchain is still the most popular among developers, it is also the busiest, which entails an increase in transaction fees. In addition, the cost is also affected by the high price of ETH, which exceeds alternative blockchains by dozens of times.

You have to update the ETH gas fee recently because the gas fee has decreased drastically, now the gas fee is friendly for medium users who want to transact ERC20 transfers or trade on Uniswap. I'm sure for Q2 the ETH gas costs will be lower because NFT transactions have adopted many other networks such as BNB, Polygon, Fantom, etc.

The ethereum gas fees is crazy for small traders like us but it is not a concern for whale, that's why the big project still chooses ETH as the starting place to develop. In return for expensive gas fees, ETH is safer than the rest of the networks which is what projects care about.

There have been many other networks created to replace ethereum but most of them cannot beat ETH. Enough to show the importance of ETH in the market.

The problem that has always bothered me about the ethereum network is that it is dependent on the new hype in order to be that busy, in the case of bitcoin even if we know that it can also become incredibly busy and expensive when the bull market is in full swing, a great deal of that also comes from people that are actually using bitcoin for stuff they need and they are not just speculating with other coins, however in the case of ethereum very few people are actually using it that way, and if this does not change then ethereum could eventually lose its place as the second most important coin in the market.

Not all victims of the same situation understand how all the work can be done with so many Ethereum blockchain gas free.  So much gas fee has made everyone think, there is no way to find a way to not cut so much gas fee in anything.  Other blockchain jemon- BNB, MATIC, SOL all platforms have very low gas fees.

well that's true, I also follow the bounty on the BSC network, because the distribution is always smooth, and selling the tokens obtained is also very easy,
this is different to Ethereum, I still have coins from the previous bounty, and are still on the Ethereum network,
because it is difficult to sell and must But Fees are high I choose to store it in my wallet.

That's why I say many bounty participants avoid this network, because when distribution arrives, it will be difficult for us to exchange existing coins, especially tokens or coins that we have few, whereas transactions are usually expensive, this actually harms them the bounty partisipatif

waiting for transaction fees on the ethereum network will actually reduce opinions, for example we sell coins at current prices, then the results we will receive are small, especially now that we receive very little coin distribution bonuses, if the coin price soars, the coins given are not too many , and I've experienced this, basically I think the ethereum network is no longer suitable for bounty participants now

To be honest as a bounty hunter and airdrop hunter I don't avoid projects on the ETH network because most of the new altcoins I get on the ETH network have high prices. In other words even though the ETH network has high network fees it will be covered by high coin prices.
if you have coins on the ETH network and the transaction fees are much more expensive than the price of the coins, the best step is to hold and wait for the ETH network fees to one day drop drastically as they are today.

For use around bounties, it is no longer suitable for use because it is constrained by the number of transactions that must be carried out by the team when the distribution arrives.
So it is very natural that there are bounties that have to switch to BSC to save on spending excess transaction fees so that all participants can get paid after working in the bounty.

I think Ethereum fees have decrease, because there is a decrease in interest to NFTs, meme coins are mainly on BSC blockchain, and hype of swapping everything is also decreasing. Fees are slowly returning to normal. Of course it will be stupid to expect Ethereum fees to return to "several cents" level, but I think we wont see $100-150 fees and transactions can still fail to be confirmed.

a few days ago I made a transaction on the ETH network and I was quite surprised because the current ETH network fee is not as high as it used to be, I think this is happening because the current market conditions are in a bearish phase so that the transaction volume on the ETH network is decreasing.
if you have coins on the ETH network maybe now is a good time to sell because it is very possible in the near future the cost of the ETH network will go up again.

That's what I mean, the ethereum network is no longer used by people who do small trades, because this does not balance opinion with trade, while bounty participants just follow the existing rules, but almost all campaigns have switched to BSC, although there are still some which uses the ethereum network, even I've experienced network changes from ethereum to BSC in several bounty campaigns. Let alone the participants, even the bounty manager has difficulty using the ethereum network

The Ethereum network is now only used by rich people who make large amounts of transactions while bounty participants only adjust requests via bounty rules because if a good bounty asks for an ERC-20 address, I think they will also give it because that is the rule, but because now there are not many bounties that use the Ethereum network anymore, so bounty participants must be able to adjust this so they can follow the existing bounties.

I mean those who avoid the ethereum network are bounty hunters, not for the common people, because when there is a coin exchange involving the ethereum network it will be difficult for them, because the high gas costs do not make adjustments to the exchange, but for those who make large exchanges against the ethereum network. ethereum is not a problem with those transaction fees, that's why ethereum is getting bigger now

I think Vilatik Buterun as ETH developer have know about how much gas fees using his network but keep existing almost several years and never fix or bring with lower gas fees at the future, beside gas fees up have advantage for mining hunter and they are waiting with ETH gas fees keep stable with higher values. But latest news about ETH 2.0 have been relaunch with already adopted where will impact with ETH gas will going down, but still not have exact date about when launching with ETH 2.0 and could adopted how to make effective lower gas fees when sending ERC20 coin network.

It has been a long-standing problem related to the high ETH gas fee, and we really can't do anything if the ETH development team doesn't fix it
right away. But I have the same suspicion as you, because Vitalik Buterin should have known about it, but impressed the ETH development team
did not fix it seriously. It seems that Vitalik Buterin wants a condition where the gas fee is very high. Due to the fact that the popularity of ETH
has not been greatly affected by the high gas fees, there are still a lot of people who continue to use the ETH network. Finally, what we can do is
switch to using other platforms that offer lower costs than ETH. So don't stress too much about this problem, because now there are many other
options that we can use, I am also now starting to reduce using the ETH network and starting to switch to using BSC which has proven to be cheaper.

Well, you are right, heavy traffic may cause gas fee increase but we are in this situation for many years which is not normal anymore or this really be the thing now? Mr. Vitalik didn't take action to lower the fees, it seems like he also preferred for this situation to turn like this. And I really think that we don't need to out this hard, in fact, we have other options like BSC and Polygon platforms where we can save some fees. As I believe that there is no way to help it down coz even the developers do nothing about this. 

Let me clarify first, I don't have any technical knowledge, but as per my research, I got some information regarding etherum's high fees. First, it depends on the demands of users and how much users are sending or transferring funds through the Ethereum network. Actually, because of the ethereum network, lots of new projects are being built on the networks and they are transferring through the network. Because they need to share funds with other users, they need to transfer funds fast because that is the reason they paid high fees. As a result of the algorithms, the networks generate high fees; however, it is the users who generate high fees.Because of the high volume of transactions, the fees increase.is the simple logic regarding this topic. Actually, I think this, but others' opinions might be different. Thank you.

I have not used ethereum for some time so I do not know if that is actually happening, but even if it is then this just means that people mare not interested in moving their coins at the moment since the market is not doing so well, as such right now the mayority of those that are moving their coins are doing so not in attempt to speculate with their coins but probably they are buying stuff they need with their coins, but give it time and once the bull market comes back and people need to move their coins to the exchange to trade the fees will once again be incredibly high.

The Ethereum network is very much avoided by people nowadays, because the gas fees for their transactions are quite insane, for bounty hunters this is the most avoided network for now, but strangely this network is still very big and strong for now, personally I also still wonder why this can happen, even though the cost of gas per transaction in their network is very expensive, it is better to avoid transactions on this network, because there are many other networks that are cheaper and more affordable

High transaction fee on Ethereum network is a long standing issue because of scaling problem which reduces transaction speed and consequently causes increase in transaction fee. As promised by Ethereum Team complete implementation of Ethereum 2.0 will substantially reduce transaction fee. Let's watch and wait when this long awaited project is fully implemented.

Ethereum network is indeed very expensive for us to use now, even many of these forum people continue to discuss the issue, but if asked why the transaction costs in Ethereum are very expensive, this will be very difficult for us to answer, Daruli first I have used this network several times, even What we receive is much smaller than the results of the transaction, therefore I highly avoid projects that use this network

Gas fees have gone down, compared to a few months ago, Ethereum Gas Fees can be up to $50 more when trading on Uniswap,
but now Ethereum seems to have a way to reduce Gas fees, seen in Etherscan Gas Fees it is only around 21 Gwei,
of course this can be a good opportunity to trade on Uniswap because the fees are relatively cheap.

Right now gas fees or ERC20 coin network have going dump and you can purchase or sending ERC20 coin less fees under $1 and still have possibility later will keep going dump after have close issues will launch eth 2.0. Last day have been increase up after have APE coin airdrop giving for NFT holder but today have going drop again. I think will have chance between  BSC and ERC20 network will have same gas fees and good impact for me actually as ERC20 coin arbitrage, now pay much gas fees for sending and swap coin on Uniswap right now and I hope keep stable for gas fee down.

Well, I don't see anything as a solution to your reply.
What if I have already an ERC20 token that wanted to move on exchange but I could not move it because of the high fees. I cannot use the other networks as you have said because the BSC network is for BEP20 token/coin and the ethereum network for ERC20.
But I am glad that the gas fee was reduced last few days and perhaps many developers has been humped to other networks like BSC, SOLANA or those low fees network that not already congested.

It is because many projects are working under its smart contract, ERC20 and that's why despite the high fees, people are still using it for that sake.

There's no manipulation from it but it's the usual problem that exists first when it become crowded and the network is traffic and clogged. But wait until they've shifted from PoW to PoS. They're all telling that it'll make the fees cheap. But anyway, if you check the fees lately, they're quite considerably low.

Yeah, that's why most of the bounty hunters can't migrated of Ethereum network to BSC even if they want because their participated projects developed in ETH. If mostly bounty allocation is pretty lower, So that when hunters got their payment which is lower than even gas fees, because of expensive network fees on ETH.

Currently there are many new networks that we can use to make transactions with very cheap gas costs when compared to the ethereum network, so I think this problem has a way out so we do not have to think about the cost of ethereum gas which is very expensive, try to use the BSC network which is very cheap and currently very safe for us to use, And there are still other networks that we may be able to rely on besides the ethereum network.

Actually, practically everyone feels this way after transacting on the Ethereum blockchain, because the transaction fee is obviously high, even when it drops, but it is still not as low as other blockchains.
Because of the gas fee, I am currently not a fan of any token on the Ethereum blockchain. We only hope that the transaction cost will be reduced again in the future.

Actually, the gas fee of Ethereum is now not as high as some previous months ago, it is decreasing. I remember when should pay a gas fee above 200gwei to transfer a few amounts, This hurt so much.
But, are there no other options to transfer your token or coin besides using the Ethereum network?
If that is only the Ethereum network available, you don't have any option except to accept that high fee. However, if there is any and the platform that you are referring to is also accepting another network, you can use the options. But once more, ensure that it is only available in those two platforms or wallets.
For me personally, I commonly will check and recheck again before sending any token using the Ethereum network to get the right time for a lower gas fee. But if that is a fixed gas fee of Ethereum, no need to complain, because only that is the way to transfer

It all depends upon the project as majority of the project are moving to other networks as well and all the new projects are using alternative network than using ETH. Moving to POS smoothly is a huge task and there is no timeline as far as i know about how long it will take for the migration and then improving upon the network fees and sure it will be a centralized hub after the algorithm shift.

If the coin in which they are interested is running above the ethereum network then they do not really have too much of a choice but to use it, however as you state ethereum has failed and the developers have not being able to deliver on their promises, and once they move definitely to POS maybe things will improve in terms of the speed of confirmations but they will do so by compromising their security, so at least in my mind the ethereum project will always be a failed one.

You can transfer your assets to any ecosystem with cheap fees
Cross-chain Bridge Aggregators
https://bitcointalksearch.org/topic/cross-chain-bridge-aggregators-5389259
Excellent statistics on Layer-2 solutions in ethereum commissions in these ecosystems.
https://l2beat.com/
https://l2fees.info/

I don't understand why people still use ETH network with their expensive fees, it should be there to replace the expensive blockchain fees from Bitcoin, but I don't know why it's so expensive, I think there is manipulation there.
I was only thinking of using BSC as the main way of moving my assets, so I said goodbye to the ERC20 network with stifling ETH fees.

The effect of the high cost of gas from each network is because the use of the network is too high, resulting in system congestion which results in many delayed transactions and the system is very slow, such as the ethereum network where the use of this network is very high but not influence large investors to use it, but also very many ethereum users switch to other networks that have very low fees, such as binance, and matic, on average those who switch are small traders,

That is the reason why it is still getting all those interests. I mean it is clear to everyone that we are talking about a place that barely gets any attention of itself, but to the projects in its chain. Nobody really buys ETH just to buy ETH, let's not say nobody but not this much, and the gas fee would be so much smaller if it was just investors.

What happens is that there are tons of projects in ERC20 and similar networks, and that causes the gas fee to be high because people end up doing a ton of stuff in there. If we want to see it go down, newer projects should be in other chains but most of them are afraid you won't look at them. This is what happened to tron for example.

It is normal to see why people keep asking why the ETH gas fee is high. Not a new issue for those who come earlier before 2018. We indeed hear a lot of possible right answers, however, we wanted to hear the truth behind this from ETH creator Vitalik.
Maybe they are working on this issue but for many years have been passed, I don't think there is something we have to expect from them. They are supposed to look for a long-term solution, not short-term, otherwise.

It is not that easy to completely stop using eth when you still have some erc20 in your wallets, and some of these tokens don't support other chains yet, hence you will be left with no choice than to use gas anytime you want to trade such tokens. i have some erc20 am not able to trade because of high gas fees, for now i will keep holding them until when the gas fees has reduce (hopefully it will).
BSC came at the time an alternative was needed, the situation with eth high gas was difficult for investors.

Becoming a bounty manager is not an easy thing, sometimes we need a team to make our work fast
to manage multiple campaigns because it is impossible to do it yourself quickly.
Bounty managers will continue to be in demand as long as there are cryptocurrency projects that always
 want to promote with bounties, if you want to become a bounty manager of course you can try it.
But the initial manager pay is of course usually small unless you have a lot of experience in bounty managers.

The condition of the Etherium network gas fee, which is always high, is enough to irritate users, even like me, who uses the network for routine transactions, must accumulate balances so that only one fee is charged, this condition is much different when using the BSC network as you mentioned. They create competitive market conditions between users of ETH, BSC and other networks. But instead of being so upset, it's better to choose BSC.

The project that a bounty hunter will choose to monetize should not currently be on the Ethereum network. We don't see as many bounties as before, and the amount of rewards is pretty low. The amount paid for the fee can be more than the reward, so if I were to choose a project, I would choose networks that are in the BSC network or that require a similar low fee. If the Fee is high, there is no need to waste time

Yes exactly, actually, me either I don't want to deal with high gas fees and I hate it but sometimes there is no other choice because in my other transactions I don't have any other choice but to use ERC-20 and damn the gas fee of Ethereum are really hurting my pocket. I just hope that this high gas fees main concern of many bounty hunters and traders will be highly prioritized by the ETH web dev and team because this could be one of the reason of losing them people who will use ERC-20.

Has never been a better time to head over to SwapSpace and get out of all those ERC-20 tokens you naively picked up years ago when gas fees were not even a consideration in Cryptocurrency investing.

If you trade at 12AM-5AM EST US you can set fees even lower than 13 and still get in a block.

I swapped an ERC-20 token worth around $800 the other day for ~$2 in gas fees. Compared to the $100 it was going to cost me 6 months ago, that's great.

But had I traded it back then I would have been able to trade it for $2,000... I didn't trade it then because of the high gas fees.

But I did save on the gas fee. So I had that going for me...

I don't trade under ethereum blockchain anymore except I need to sell a token trading only on uniswap or transfer out my token from the system. When gas fee is almost equal to trading capital, then it becomes uninteresting. I await ETH2.0 a switch from POW to POS, until then, let me enjoy other layer1.

Gas fees was around 13 gwei last few days and it's the lowest fees I have seen. Since the start of bitcoin rally gas went up pretty fast though. ETH fees are just unbelievable that's why many project already switched to faster and cheaper blockchain and we cannot blame them also.

Honestly people will give all kinds of technical answers but it comes down to market and nothing more. Miners are greedy and want more and they could get it, and people are willing to pay for it and that is why it is high. If miners wanted to, they could drop it, or if people declined to pay, miners would fight to get the money given so the price would fall as well.

So, it is market decided and that is, there is really nothing else going on right now and that's all. I agree that it should have been a bit better and should have been cheaper. But for that to happen, people need to stop paying for high gas fees, if we keep paying these prices, then it will stay like this.

I guess it all comes down to supply and demand. If there's too much demand and only enough technology to handle it we get to raise the price. But i'm actually really curious to know from you guys as well why do ETH prices go up like that even tho there is no physical product. To be honest i'm not fan of Eth gas prices and tend to use other networks to carry out my payments for instance $ENGN which is a gaming studio project that simply put does it all. They got a new game around the corner built on Unreal engine , they got their own marketplace to buy/sell/trade other coins and they got a marvelous blockchain implementing system that allows developers to implement blockchain technology onto projects that have non, without needing to rewrite the whole base code and waste so much of the precious time. We all know time in crypto goes 10x faster. Also i'm really into #Lunafi which is built on Polygon network, it's a gambling protocol in which you can provide liquidity to the house and get rewarded annually plus every time someone places a bet on their platform. These are the two projects i'm using to escape the hard reality of ETH gas prices, really eager to hear what you guys think why the ETH gas prices are plummeting to the sky while the price of eth is still down

You should've asked more info about eth gas. We are having same issues, unless you chose alternatives like switching to BSC smart chain. This is just the beginning if Eth keeps on delaying PoS, the gas would be more higher because projects on eth networks keeps on coming, getting busier than ever. As for me, I am currently mining eth and this is somehow good, the more loaded the network is the more shares I get.

It's not about the amount that you are trading but simply Ethereum network is in demand to crypto investors since there's a lot of big Dapps and NFT that choose to start there that offers a lot of big profit to the early investors. If you will remember, Most of DEX airdrop that bring massive free money and NFT collections that grows skyrocket the price always start in ethereum before they implement a multiple blockchain support. With this huge potential profit, Many investor still choose Eth network despite being high fee and this makes Ethereum network always busy and cause the high fee.

This problem of Ethereum exists for a long time already and until now, there are still no signs that fees of Ethereum will go lower.
We are at the point already where we are seeing alternatives to Ethereum Blockchain such as Binance Smartchain, Solana, Cardano etc.

It would be better if you will just focus on projects that are not under Ethereum Blockchain especially if you are just an average investors and doesn't have a lot of money but if you are a rich investor then maybe you can try investing into them. Its the network congestion that causes this high gas fees.

I think it's because we only trade with small values so there's a bad feeling every time we use it.
even if have to pay that for a high security fee i think it's something unreasonable and i'm sure we won't feel comfortable with that.
I guess the best way would be to move the network from the ethereum network to a cheaper network like SOL or BSC.
it looks reasonable because it costs less and makes us comfortable.

It's better to use the BSC network, the ETH network is very congested so the gas fee becomes expensive. If you intend to make transactions, it is better to use the BSC or TRC networks which tend to be cheaper and faster.

Now there are many networks with low fees, people can choose one of them. but there are also cases where you have to use ethereum. I do not find it right to transact over this network unless I have to. Instead of paying such a high fee, you can invest in other things

You quoted a wrong thread but anyway it seems this topic was on the altcoins speculation board.

Yesterday I was able to transfer my token on an exchange that I patiently wait for when the gas fee will be low and I can able to transfer it with a $4 dollar balance which is before you can't.  The gas fee of Ethereum or any altcoins seems like the price, it's also fluctuating due to the market congestion.
So there's no way to guess when it will increase the gas or decrease.

Just check it always here to monitor the gas fee, https://etherscan.io/gastracker.

The long-running issues in gas fees is the main reason of the rise of new networks like BSC, SOL or MATIC.
If you can't bear the burden of paying those fees, find a way how to utilize these new chains as they have cheaper fees.
A lot of ETH tokens are also switching to these networks because their users can't bear the fees involve under ETH.

Majority of transactions in the network are using high fees. Average fees being determined through calculating all of transactions that already processed by the block. Average fees used by txs = fees that used by the blockchain. Since ethereum is increasing a lot and this is also giving a huge impact to the fees. That's different when ethereum was worth only $3 dollars a few years ago.
At that time the fees was so cheap but this time it's not only from the price but capability from the block to process a lot of transactions are also affecting it.
I'm sure that you need to read more from a reliable article.

Values of ETH quite literally multiplied from its value few years ago and the average eth gas increasing because literally so many eth enthusiast out there trying out NFT, the ETH platform is quite literally full of NFT right as of now.
if you are kinda tired of using ETH simply switch over in the second layer solution like BSC and matic, they are literally the same with some quality projects

of course there are various reasons caused this other than NFT but there are just too many reasons that thinking of it just wasn’t worth of your time, instead by using the other platform you could just literally doesn’t care in regards of fee unlike in ETh.
This time the gas price is so cheap unlike what you have said if that's so expensive.

Ethereum high gas fee is as a result of network congestion. Initially Ethereum was supposed to be better than bitcoin in terms of cost of transaction because Bitcoin is designed to handle 4.6 transactions per second (TPS) while Ethereum is designed to handle 15 - 20 transactions per second. Transactions above these range will lead to network congestion and high gas fees because it is no longer within the normal design range. Binance Smart Chain (BSC) can handle 55 to 60 TPS on average, and also has much lower fees than Ethereum. There is also scalability issues with Bitcoin and Ethereum because they are designed to operate on Proof of Work.

Currently, numerous tokens are built on BSC network because of its low transaction fee. Other coins that have low transaction fees includes, Tron, Cardano, Solana,  etc. If you have no option, then you need to monitor Ethereum gas fees, because there times the gas fees can be low. We hope Ethereum will soon launch Ethereum 2.0 which we expect will operate at lower transaction frees.

There are new innovations as regards transaction speed in the crypto space.  Bitgert blockchain can carry out transaction at 100,000 TPS faster than Solana. (https://www.analyticsinsight.net/cardano-transaction-speed-per-second-is-250-while-bitgert-transaction-speed-is-100000-per-second-faster-than-solana-avalanche-or-matic/).

Which gas fee? You need to specify this. People's complaints are mostly about Bitcoin and Ethereum. Bitcoin and Ethereum gas fees are determined by users' demands. The capacity of the network is certain (https://i.ibb.co/gJBS1Ty/BITCOIN-AND-ETHEREUM-VS-VISA-AND-PAYPAL-TRANSACTIONS-PER-SECOND.png). Those who want to get ahead when capacity is tight pay more gas fees. When everyone races to pay more gas fees, the gas fee increases even more. As a result, users' demand determines gas fee.

So what blockchain? if this related with ethereum and is not it the lowest since first quarter of this year? Im not even seeing what's your point in this case and what blockchain that you have been talking about. Seeing you are mentioning the gas fees and that's about ethereum blockchain. I need to remind you that when you are seeing the fees is very low caused by network was empty. People are using another blockchain to do their daily transaction to avoid ethereum gas fees but these days it's surprisingly worth a few dollars to send a transaction.
The gas is not too high like what you have said above and you may need to visit etherscan again to make sure if you're wrong.

Yesterday I saw on the speculation altcoin board Why is Ethereum fees going down in this days?, he said obviously the ethereum fee is down, I wasn't there to review the situation but according to yesterday's data to today increased almost 2x. The increase today is due to the dense network, as usual when the gas went down yesterday there will be a lot of transactions too.

The gas fees is quite small right now and how can you say that if the gas fees was too high? It's not the same like a few months ago when you would be forced by the network to pay at least a few hundreds dollar for a single swap transaction in the network. This can be said that if this time the gas fees on ethereum blockchain is low compared when there are lots of traffic in the network. I was able sending an ethereum transaction with pay less than 6 bucks fees.
This is an amazing thing that is happening with ethereum but this can also increase again when the network will be flooded again in the future. This shit is not going anywhere. We are always expecting the next update to come but the fear was triggering the fees to go down. This is the second that happens with ethereum network.

As others in this thread already said, the high gas prices on the Ethereum chain since 1 or 2 years is one of the most discussed topics in the whole crypto space and also on this forum so if you do some searching you will definitely find at least a few threads where this topic has already been discussed. The reason why the gas prices are that high is quite simple. The Ethereum network is just not able to handle all the transactions at once. In the last few weeks the gas prices was quite ok as it was always between 20 and 80 gwei but during big market movements we already saw prices of 300 gwei or even more which is just absolutely ridiculous.

eth is indeed famous for its expensive network fees when compared to other tokens
but projects that are on the eth network usually have good projects. because the developer will not create a scam project using the eth network because of the high cost
Dense transactions on the eth network also make gas prices expensive. hope it can be fixed in eth 2.0

Blocks are the place where we store transaction data like timestamp, hash etc. Each block has limited number of space. Bitcoin block has 1 MB space and ETH block has 80KB of space in each block. So, when there are a lot of transactions going on, you can't add all them due to the lack of space. For that, when there are more transaction than the capacity, we see a fight of fee on the network. The more fee you pay, the faster your transaction get confirmed. That's the reason for the increase of gas fee.

It looks like you are late though, there's a lot of complains about ETH's high gas fees,

https://bitcointalksearch.org/topic/why-are-ethereum-gas-fees-ridiculously-high-5377209
https://bitcointalksearch.org/topic/eth-high-gas-fee-5293400
https://bitcointalksearch.org/topic/why-gas-fee-is-too-high-5382553
https://bitcointalksearch.org/topic/--5356571

Maybe you can go find the answers on that thread. And perhaps you can also learn what will be the best alternative right now so that you won't spend such high gas fees with ETH network.

I stopped using Ethereum chain ever since it's fees grows substantially. You will just end up wasting a lot of money before your transaction goes thru.
I can still remember the day I spent $20 for 1 transaction just because it keeps on failing and so I keep on repeating it. Tried to put a higher fee and it was successful. Imagine that, pay more to be served well. I don't like that kind of behaviour so I'd be better off another chain.
Explanation would be traffic and because they are updating to POS.

Well ETH gas fees are always high tbh. They will be untill we finally get ETH 2.0 but untill then i'd just look at alternatives on cheaper networks. i've been looking into this gambling project called #Lunafi which is built on Polyqon (Matic) network, not really sure if i'm gonna invest in them but they do look promising and the gas prices are cheap as hell. Any thoughts on #Lunafi ?

As I remember, the increase of the ETH gas fee issue started after the 2016 Bullrun (correct me If I'm wrong), and after that, we never see it turning back low again until now. Investors and traders had been complaining about this, Mr. Butterin announce a hard fork and we think it was the solution, in fact, people are hoping for it but unfortunately, it is still no change, and the issue in regards to high fees remains.

I guess you need to look for another option to move your ERC-20 token. May you consider BSC and Polygon at this time.
https://www.makeuseof.com/ways-reduce-ethereum-gas-fees/

If you have tokens running on the ETH blockchain you have some alternatives to run them over BSC like blockchain but its very limited and not easy for everyone so switching from ETH blockchain is the only solution unless or until ETH run by PoS module.

Now we can say that fees are not as big as they used to be, but they are still expensive because the Ethereum blockchain is 100% loaded with all sorts of games, defi and swaps. The network is very heavily loaded and therefore fees are going up. I think paying more than $10 to exchange or transfer tokens is very expensive. Seems like the situation will change when they change consensus to POS, we'll see.

the main reason is the density of transactions on the network. this is the main problem with ethereum that has not been resolved so far. no solution yet and don't know how long this continues. my only hope is 2.0, but from what I've seen it's still no sign of a release anytime soon.

I never understood why people still use ETH as there the fees are insane. It was suppose to be a cheaper alternative to BTC but it turned out that it's even worse in scaling and fees skyrocketed. Aside of Bitcoin , until now I see no other better chain alternative to ETH then Binance BSC.
We'll see what will happen after the PoW is replaced, but then the whales will play a big role.

There have been many post made about the sudden gas increased maybe you could search around the board to read more. as a new user you need to make yourself familiarized with this thread here before going further asking question that could lead to sanction  .

After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.

With this, I'm able to express my feelings.