Vitalik Buterin acknowledged the problem and proposed to implement the improvement of EIP-1599 - this is an increase in network bandwidth from 12 to 16 million Gwei. But I have little faith in this until they stop this madness with DEFI nothing changes
I did a small transaction two days ago. It still looks pending. I don't know if the transaction will be enabled. I wanted to withdraw $10 from my ETH wallet. Gas fee was 114 gwei. Which I edited and gave 98 gwei. Now pending. But I also think if Vitalik doesn't do something about it, people will start dumping etherum. However I am hoping for better results of Ethereum 2.0.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
Vitalik Buterin acknowledged the problem and proposed to implement the improvement of EIP-1599 - this is an increase in network bandwidth from 12 to 16 million Gwei. But I have little faith in this until they stop this madness with DEFI nothing changesYeah, it's DEFi that's driving this gas madness. Unfortunately, they (eth devs) can't do anything to stop the hype. EIP-1599 could be implemented but that wouldn't slow down people from sending with high fees dictated by the miners. I guess they (miners) are trying to reap all the rewards before the full transition to POS.
~Even if there's a timeline, don't expect them to be followed. Just think of many times eth 2.0 was delayed.
Was any timeline given for this improvement because it's now a matter of urgency. This should have been anticipated on and this advancement should have been done when DeFi craze started.
It is better if this thread continues to blow up so that it can be read by Vitalik Butterin.Lol. i doubt Vitalik even reads forums now aside from their local eth forum. He's getting plenty of criticisms on twitter too and that's more than enough for him.
If this thread goes down then we definitely can't see any progress towards cutting costs from sending Ethereum.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
It is beyond ridiculous and also the first time I witness something like this, the blockchain was supposed to spread ease and convenience but it turned out to be just another means of extortion if the ridiculous charges continue.
Why should i send out 5$ worth of token with 10$ gas fee worth??
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
I think this is a big problem at this moment for ETH transaction. After the pandemic situation came gas now looking for very high and we are very upset because maximum bounty give small amount of dividend and if we lose maximum of it at the transaction time, how can we do work with bounty? So i think it should be revised.
thanks.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.This is a big problem at the moment for those of us who are involved in cryptocurrency i.e. crypto investors or bounty hunters. There are currently a small amount of token payments as a reward from most bounty projects, most of which cannot be sold due to high gas fees. And as a result of deducting high gas fees from the dividends earned by trading, there is not much. Hopefully this problem will be resolved soon after the full implementation of Etherium 2.0.
The current gas price is very alarming, how can one pay as high as $4 on a transaction which is not even up to 20$ worth of an ERC20 token.You are right, it shouldn't be like that, it is too expensive. I have tried to send Ethereum from MEW to exchange wallets and I experienced the same as you. Surely, it was too expensive, how can we pay more than $4 for the transactions. Not only about it, but also the transaction takes more time than usual. I think it is caused by many Ethereum holders moving their Ethereum to exchange wallets currently.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.Thank you for your informative post and it’s really a fact otherwise people will throw cold ether exchange . It is the issue ether gas price seriously high
The transaction fees are high due to the large number of transactions done this week, if you don't want the fees to be too high you have to wait until things start to stabilizeIt seems like a good idea, but gas prices on the ethereum network are currently on the rise and it is very difficult to wait as more and more investors are using the ethereum blockchain network on the DeFi platform, this will lead to competition between users by increasing gas costs which the miners will then confirm with an increase in Hashrate to speed up transactions on the Ethereum blockchain network.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.After launching a new version of the Ethereum and DeFi platform, Ethereum gas fees increasing ridiculously high and we can't transfer ERC-20 based assets from mew, trust Wallet, MetaMask to another source or exchanges.
Indeed, I heard that the solution to the high gas fee from ethereum 1.0 is the presence of ethereum 2.0, so we need to upgrade immediately. And this news seems to have spread. And hopefully it is true that ethereum 2.0 is a solution. so it will be convenient to go back to using ethereum.
Increase the price of ETH gas fee in straight line with the needs and the number of transactions currently being processed on the network. Indeed, recently the price of gas is very high compared to last year. Maybe this also has something to do with the coming of Ethereum 2.0
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.I agree up till this moment eth transaction fees are something else, imagine asking for $90 to move a token worth just $24, that's ridiculous but what is the cause of this high gas fees? It's simple,whenever the Ethereum Network is overloaded or congested that's when you will start seeing high TX fees such as this, so if you don't need to sell or move the token urgently, kindly wait till the network is less congested, then you can use a low fee to move your token, and yes the ETH 2.0 which will soon be out is expected to solve this issue.
It is happening because the high demands. Many people is trying to trnsact at the same time which the Etherum blockchain cant hold. And developers are trying to solve but i eth2.0 also cant solve this until defi madness doesnt stopI think it is starting to stabilize recently. If gas cost is high, it will affect many projects as well as transactions. I usually want quick transactions in a few minutes but the gas fees often annoy me
Although Ethereum's price is very high, Ethereum's gas price is still very high, making it difficult for many investors as well as new coins to develop. Why the gas fee issue has been mentioned for so many months but Ethereum has remained unchanged whether they no longer respect the users and the companies that are working with themFor some reason, there is no one answer from the ETH team, which initially stated that the first phase of the Ethereum 2.0 update will bring at least 100 times cheaper transactions and a bandwidth of 100,000. But apparently we have not yet achieved these results.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.I agree with you. What is the reason for the increase in gas fees so fast? If there is so much gas fee then people will not be attracted to it. So I would say to reduce the gas fee
all hopes are for a network upgrade,but today the gas still reaches cosmic dimensions, sometimes it's even more than the amount of my tokens that i send!yes it pushed the gas fees too high the exchanges were very taciturn when the price of altcoins were all rising but with short-term transactions there was almost no profit because the gas fees took all of our profits.
all hopes are for a network upgrade,but today the gas still reaches cosmic dimensions, sometimes it's even more than the amount of my tokens that i send!
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.Yes I agree, although I have never transacted, but I often hear about the same problem. In my opinion, there must be a regulation that changes it to be cheaper, so that Ethereum is even more interested
It is clear what happens today with the gas determined by ethereum is very disturbing, because all transactions will affect what will happen with the specified gas, because by sending something that is not big but the same as the cost of sending a little of course this will be a problem in itself .Yes you are right. I understood well from your post and became clear. Gas fees seem to be back to normal. Now I think this fee is increasing depending on the investor
But this gas will have nothing to do with investors still holding Ethereum to be an attractive investment. I hope this problem can be resolved and can return to the beginning.
although the goal is to speed up each transaction, it must also be adapted to the circumstances.
When the market is going to be high the gas fee is regularly increasing day by day and when the ETH touch the 10,000$ at that time gas fee is more high.In fact, the biggest problem is that the gas is free. To exchange any token, you have to pay a certain amount of gas fee to transfer the bar. Sometimes the amount of gas fee is more than this token. So if the etherium token gas free was less then there would be many benefits.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.yeah, the gas fee was just crazy but as you can see, this does not stop the people from using ethereum blockchain. you could see the ethereum platform having congestion even though users are complaining of the network fee. this is the proof that ethereum is loved by so many ethereum loyalist.
The high gas price poses problems for Ethereum token holders. I want to bring tokens to the exchange, but with a huge commission for gas, it is not profitable for me. Unfortunately, there is no alternative yet. :-\Undoubtedly, small cryptocurrency users suffer in this situation, but the current situation should very strongly motivate the #DevelopmentTeam s to work on their projects and promote their tokens, so that their value exceeds the commission for their transfer by tens of thousands of times.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.You're right Ethereum's gas free is a big problem. Currently, some bounties have stopped paying, only Ethereum's gas is free. I agree with you that if Ethereum's go is not reduced then users will start dumping Ethereum. And of course upgrading to Ethereum 2.0 could solve the Ethereum Excess Gas Free problem.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.You just need to wait until the gas fee reduce, if you are lucky you can find low gwei, 0,005ETH/transaction. But I think still expensive
Why Ethereum authorities cannot control excessive amount of Ethereum network fees ? Many bounties campaigns hunters don't transfer little amount due to excessive amounts of network fees. Today I have to access myethereumwallet wallet to transfer DIA Token to binance wallet but alas gas Fees more than my dia value.
The price of etherium gas has been rising at a massive rate but I do not know what is the reason for the sudden rise in the price of this etherium gas. If any senior brother knows why the gas fee is so high and the reason for it, then he must help us. As the days go by, the price of Indian gas is seen to be ridiculously high.You should pay attention to the constant growth in demand for Ethereum. Plus, the platform is overflowing with usdt transactions and defi projects, which practically take up most of the bandwidth of the Ethereum network. to date, the only explanation for what is happening is the increased use of the Ethereum network, which exceeds the pace of development of the platform.
Ethereum is now the most popular cryptocurrency after Bitcoin. Ethereum is gaining popularity day by day.There are many benefits to using this etherium which is why people are attracted to etherium day by day. However, the biggest problem with this etherium is its excess gas free.Its gas free has increased so much that sometimes you have to draw with money from your own pocket.Of the cryptocurrencies, I personally prefer Ethereum. But the big problem right now is the high gas fees for etherium; Which, of course, made the video an overnight sensation. While many are forced to think about using other platforms, I myself am often forced to think about using TRX or something other than Ethereum to transfer money. I hope Vitalik will take action soon.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.In November and December I used to transact with 20 gwei.. and now?? Sad
The Ethereum platform has already solved the problem you mentioned If you want, you can try trading from the Ethereum platform now.Because at present Ethereum's transaction fee is very normal
Nowadays I am really surprised to see Ethereum's transaction fee. I never imagined that Ethereum's transaction fees could come down so much. There is no doubt that if the Ethereum platform can control their transactions fee then they will gain a lot of popularity.Yes, we have seen ethereum gas fees go down when the crypto market situation shows price drops, transaction fees range
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
Today the ethereum fee for coin transfer seemed to be 299 Gwei, which was more expensive for me than the coin, although this environment lasted for some time. It may be improved with eth 2.0.if gas costs are as expensive as this means that many are using ethereum to make transactions, making the ethereum network even busier and having very high traffic, forcing ethereum to increase gas fees to overcome the surge in transactions on the ethereum network, until now this is still a problem that remains a problem. still haven't found a solution.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
So far, no update looks good to lower gas costs, some developers are still busy with ethereum Altair and they need to do some testing, we will wait for gas costs to drop or be forced to make a transaction if the tokens we have are really valuableI just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
Ethereum is always be the big problems for investors, I agree with this opinion.
Many investors suffered because high gas fee and many projects also migrated to BSC.
So, hopefully It will solved soon.
In my opinion, the sudden increase in the price of ethereum is because many gaming platforms and NFT are using the ethereum network, making transactions crowded and causing gas costs from ethereum to increase, hopefully in the near future gas costs can come back down.That's right, that's what happened, the high transactions that occur on the Ethereum Blockchain make ETH Gas go up very high. But in my opinion this is not fair, as Ethereum is taking advantage of this condition to take large fees, and this is very detrimental for some people. I hope that, despite the high traffic on the Ethereum Blockchain, Gas Eth is still cheap.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.
Always be the same problem and will be good to discuss about this.
Etehreum gas fee is so high.
But until now, Ethereum team didn't have good solution for this problem.
Always be the same problem and will be good to discuss about this.
Etehreum gas fee is so high.
But until now, Ethereum team didn't have good solution for this problem.
ETH Gas is not controllable but the issue is that the crypto market is not stable and that's the reason, ETH Gas fee suddenly pump and the transaction of the users faild.
I don't know if the transaction will be enabled. I wanted to withdraw $10 from my ETH wallet. Gas fee was 114 gwei. Which I edited and gave 98 gwei. Now pending. But I also think if Vitalik doesn't do something about it, people will start dumping etherum.
The gas fee of the ETH coin is so much high and this is not good becasue this time so many peoples will use this coin but the high fee is not good becasue if we send this coin to another wallet then we need some fee to send it and that is so much high this time.
It always be problem from investors and trader.
Ethereum gas fee is so high.
I have read several opinion, I think I agree gas fee is depending on Ethereum price, especially when Ethereum price is going up, teh traffic will up
It always be problem from investors and trader.
Ethereum gas fee is so high.
I have read several opinion, I think I agree gas fee is depending on Ethereum price, especially when Ethereum price is going up, teh traffic will up
It's really only a problem for users with little funds, I think the whales don't mind paying a $100 transaction fee considering the volume of money they move. The real problem is for those users who just want to move their tokens to earn small amounts or invest small amounts of money in some projects, usually the transaction fee is worth more than the amount of money being moved, and that's something the developers should have fixed a long, long time ago.
At the moment Ethereum's transaction fee seems to be high around 194 GUI Hopefully this will improve after eth 2.0.
You're right. Little investors or tradier that have little fund will suffering because of high gas fee.
As you said whales will always happy because they have big fund at their wallet.
But almost all of member here , bounty hunters.
I think they have the same problem, high gas fee problem.
Yeah , high gas fee won't effect to whales. But ethreum developer should rethink about little investors.
There are many little investors that have low funds.
Ethereum doesn't owned by whales but maybe almost all of crypto investors have Ethereum.
Be wise if the Ethereum think about it and have good solution for this problem.
It is very clear that the gas fees has no immediate solution, as the fees is always higher when the crypto market is pumping. I just think the miners are deliberately increasing gas fee ones the market is green, a situation that is even given other networks the opportunity to grow. Since I can not use the Ethereum network due to high gas fee, I had switched to the Tron network, and all my transactions to other wallets, exchanges, are through the Tron platform.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.This happens constantly imagine the gas fees goes really badly nowadays because of ETH2.0 version ? yeah there are several times that we experienced gas problem but not that high as we have since 2020 .
A couple of years have passed, and the issue remains unresolved. I spent $40 to execute a swap on Uniswap. Although there's optimism that the next upgrade will alleviate gas fees, we find ourselves still waiting. With a potential bull season on the horizon, the situation may only worsen.why still using the service of this currency when there are more options to use?
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.This happens constantly imagine the gas fees goes really badly nowadays because of ETH2.0 version ? yeah there are several times that we experienced gas problem but not that high as we have since 2020 .
so Was wondering if 2.0 do really helps the project and the users? or just the miners?A couple of years have passed, and the issue remains unresolved. I spent $40 to execute a swap on Uniswap. Although there's optimism that the next upgrade will alleviate gas fees, we find ourselves still waiting. With a potential bull season on the horizon, the situation may only worsen.why still using the service of this currency when there are more options to use?
i wonder why we kept using them when we are given other coins to use for, because since i experienced that super high fees back years? I never used ethereum but yeah i kept my holding instead.
Many investors are deterred from investing in the Ethereum platform due to excessive transaction fees. Ethereum itself knows that they have the problem of excessive transaction fees due to which many investors do not invest in their performance, they are working on this problem and trying to bring Ethereum 2.0 to the market. For a long time we have been hearing that Ethereum will bring 2.0 to the market but so far they have not succeeded. If Ethereum 2.0 successfully enters the market, the problem of excess transaction fees that Ethereum has will no longer exist and the number of investors on this platform will increase greatly. Ethereum 2.0 version will definitely work much faster than the current version and additional features may be added in the new version. We may have to bear additional transaction fees until the new version hits the market.
A couple of years have passed, and the issue remains unresolved. I spent $40 to execute a swap on Uniswap. Although there's optimism that the next upgrade will alleviate gas fees, we find ourselves still waiting. With a potential bull season on the horizon, the situation may only worsen.It seems that what you are afraid of will happen, and it will probably be difficult to reduce gas costs even lower if the price of ETH gets higher, resulting in an indirect impact on gas costs. they have tried to make changes in order to reduce gas costs, but it is still not optimal. It can be realized well, but there is really no choice that can be made apart from the fact that many projects avoid using it because there are many other alternatives available.
A couple of years have passed, and the issue remains unresolved. I spent $40 to execute a swap on Uniswap. Although there's optimism that the next upgrade will alleviate gas fees, we find ourselves still waiting. With a potential bull season on the horizon, the situation may only worsen.So no one is forcing anyone to do x-actions. Absolutely everything is voluntary. I've had cases where I had to pay $45 for a single transaction.
A couple of years have passed, and the issue remains unresolved. I spent $40 to execute a swap on Uniswap. Although there's optimism that the next upgrade will alleviate gas fees, we find ourselves still waiting. With a potential bull season on the horizon, the situation may only worsen.So no one is forcing anyone to do x-actions. Absolutely everything is voluntary. I've had cases where I had to pay $45 for a single transaction.
P.S. Yes, yes, and it happened (because I could earn much more) than the amount per transaction.
It all depends purely on the involvement of the users. Do you think gwei just goes up for no reason? Of course not. As soon as there is activity in one or another network (on which you can potentially make money) then the gas fee goes up.
Yes I know it's by choice and ETH chain have loyal users. I also trade more on ETH and I have paid more than 45$ for gas many times, yes there are other alternatives but there's more sensible projects on ETH thus more users really and off course less jeets compared to other chains.I had to pay because there was an opportunity to earn more than (amount per transaction). Therefore, I did not regret a bit and paid as much as I needed. Everyone has the right to choose the project that he likes the most.
Yes I know it's by choice and ETH chain have loyal users. I also trade more on ETH and I have paid more than 45$ for gas many times, yes there are other alternatives but there's more sensible projects on ETH thus more users really and off course less jeets compared to other chains.I had to pay because there was an opportunity to earn more than (amount per transaction). Therefore, I did not regret a bit and paid as much as I needed. Everyone has the right to choose the project that he likes the most.
P.S. For me, Ethereum is the basic cryptocurrency, + ecosystem, which I have been using for more than 3 years and will continue to use. What you do is entirely your choice. + I believe that it is ETH that will overtake bitcoin and become the #1 cryptocurrency (of the world). I guess you could say I'm a fanatic in that regard. 8)
Just now staking on the Ethereum network charges a fee of $40 per transaction, currently gwei is indeed high prices are rising or maybe the stakers are competing in the Eigen Layer which will close later tonight Feb. 9.
Even though fees are expensive on the Ethereum network, it is still the network that is most widely used by the community, they have staked a lot in their various ecosystems, no matter how much the fees are expensive, but they see the points that will be obtained in future airdrops with their new projects.
I bridged from ETH to Mode and ETH to Lio and then to Puffer the total fee on the Ethereum network was $85.
Just now staking on the Ethereum network charges a fee of $40 per transaction, currently gwei is indeed high prices are rising or maybe the stakers are competing in the Eigen Layer which will close later tonight Feb. 9.You should do the second task of the puffer when Ethereum prices are low so that Ethereum transactions will also be smaller. Currently, Ethereum transactions require high fees because market conditions are experiencing a very aggressive increase and many coins have high transaction volumes, including transactions using the Ethereum network.
Even though fees are expensive on the Ethereum network, it is still the network that is most widely used by the community, they have staked a lot in their various ecosystems, no matter how much the fees are expensive, but they see the points that will be obtained in future airdrops with their new projects.
I bridged from ETH to Mode and ETH to Lio and then to Puffer the total fee on the Ethereum network was $85.
I was aware of this but I rotated capital on other platforms to get points with other chains after which the funds moved to Puffer but at the end before closing the gwei went up because maybe many people were staking on Puffer or on Eigen Layer so the gas went up.Just now staking on the Ethereum network charges a fee of $40 per transaction, currently gwei is indeed high prices are rising or maybe the stakers are competing in the Eigen Layer which will close later tonight Feb. 9.You should do the second task of the puffer when Ethereum prices are low so that Ethereum transactions will also be smaller. Currently, Ethereum transactions require high fees because market conditions are experiencing a very aggressive increase and many coins have high transaction volumes, including transactions using the Ethereum network.
Even though fees are expensive on the Ethereum network, it is still the network that is most widely used by the community, they have staked a lot in their various ecosystems, no matter how much the fees are expensive, but they see the points that will be obtained in future airdrops with their new projects.
I bridged from ETH to Mode and ETH to Lio and then to Puffer the total fee on the Ethereum network was $85.
exactly mate ,sometimes we cannot escape from using the network so we need to deal with it .I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.This happens constantly imagine the gas fees goes really badly nowadays because of ETH2.0 version ? yeah there are several times that we experienced gas problem but not that high as we have since 2020 .
so Was wondering if 2.0 do really helps the project and the users? or just the miners?A couple of years have passed, and the issue remains unresolved. I spent $40 to execute a swap on Uniswap. Although there's optimism that the next upgrade will alleviate gas fees, we find ourselves still waiting. With a potential bull season on the horizon, the situation may only worsen.why still using the service of this currency when there are more options to use?
i wonder why we kept using them when we are given other coins to use for, because since i experienced that super high fees back years? I never used ethereum but yeah i kept my holding instead.
Well, there are some cool projects we flip on ETH and the profit outweighs the gas fee sometimes. I do use other chains but sometimes, we can't avoid it I guess
Do you remember what was in november-december 2021? :DOf course, I really remember that all cryptocurrencies experienced a bull run, including Ethereum, which was able to increase its price until it reached $4700, but you need to know that coin price movements will not always increase; there will definitely be a moment when they collapse, then the next moment will be a moment of price recovery, and I really hope that the Ethereum price can be like it was at the end of 2021 again.
I just tried moving some token from my wallet and realized gas fee is 275 gwei, how can gas fee be ridiculously high. What is making it so high everyday. I think if Vitalik don't do something about this, people will start dumping ethereum. This upgrade of ETH 2.0 better solve this gas issue.Normal season mate , have experienced this couple of times for my years in Crypto so whenever the gas fees increases like what Bitcoin experiencing ? then I uses alternative crypto instead.
Of course, I really remember that all cryptocurrencies experienced a bull run, including Ethereum, which was able to increase its price until it reached $4700, but you need to know that coin price movements will not always increase; there will definitely be a moment when they collapse, then the next moment will be a moment of price recovery, and I really hope that the Ethereum price can be like it was at the end of 2021 again.
Currently it seems that gas fees on the Ethereum network have decreased compared to a few days ago. It's about 35 gwei. However, we cannot guarantee that in a few hours the gas will continue like this, or decrease again, or even increase again. Because gas costs also depend on the condition of the network. So, it cannot be determined stably. However, before we send ETH tokens or coins, we should first check the sending costs, whether they are increasing or not. This is to reduce the costs that have to be spent, right?
that's true, gas fees will always depend on traffic which will change at any time. We cannot estimate the gas fee with certainty. High gas fees of Ethereum is the old problem which the ethereum team didn't solve this problem yet. I can only make transactions at certain hours where the fee is likely to be low. Even that is not certain.Indeed, several ways can still be used to get cheap transaction fees like what you are doing, but if that is the case then the use of cryptocurrency transactions cannot be fast and have cheap fees as people are talking about, Ethereum must immediately overcome this problem so that its users do not move. to other platforms which have now been created as a substitute for Ethereum which has fast delivery and very cheap fees.
that's true, gas fees will always depend on traffic which will change at any time. We cannot estimate the gas fee with certainty. High gas fees of Ethereum is the old problem which the ethereum team didn't solve this problem yet. I can only make transactions at certain hours where the fee is likely to be low. Even that is not certain.At least Ethereum developers are currently trying to provide a solution to this problem. Very high gas fees have indeed become a polemic for Ethereum users because currently many new projects are being developed which have cheaper transaction fees and have quite high speeds than Ethereum.
At least Ethereum developers are currently trying to provide a solution to this problem. Very high gas fees have indeed become a polemic for Ethereum users because currently many new projects are being developed which have cheaper transaction fees and have quite high speeds than Ethereum.I really hope that Ethereum will soon solve this problem so that Ethereum will have a high price if the gas fee problem is resolved properly because it is certain that Ethereum users will return to provide support for Ethereum. So far I see that Ethereum enthusiasts are not as busy as they have been in 5 years then before transaction costs increase.
At least Ethereum developers are currently trying to provide a solution to this problem. Very high gas fees have indeed become a polemic for Ethereum users because currently many new projects are being developed which have cheaper transaction fees and have quite high speeds than Ethereum.I really hope that Ethereum will soon solve this problem so that Ethereum will have a high price if the gas fee problem is resolved properly because it is certain that Ethereum users will return to provide support for Ethereum. So far I see that Ethereum enthusiasts are not as busy as they have been in 5 years then before transaction costs increase.
At least Ethereum developers are currently trying to provide a solution to this problem. Very high gas fees have indeed become a polemic for Ethereum users because currently many new projects are being developed which have cheaper transaction fees and have quite high speeds than Ethereum.I really hope that Ethereum will soon solve this problem so that Ethereum will have a high price if the gas fee problem is resolved properly because it is certain that Ethereum users will return to provide support for Ethereum. So far I see that Ethereum enthusiasts are not as busy as they have been in 5 years then before transaction costs increase.
Not only you, everyone also hopes that the gas fee problem from ethereum will be resolved soon, but to this day it is still the same. The gas fee problem is an old problem that has always existed and has not been solved. That's why currently many investors are switching to BSC and Solana, as well as several other platforms.
It could be said that currently Ethereum gas has increased. Currently, the fees are increasing and can be changed easily in just a matter of seconds. So you really have to update the gas fee.If the Ethereum platform has been criticized the most, it has been the criticism of Ethereum's excessive transaction fee problem. Investors have been enduring this problem for a long time. Before investing, an investor first checks which platform he is investing in, if he sees that he has to invest in the Ethereum platform, then there are many investors who change his platform and invest in another platform. I will hire $200 if there is a fee of $100 then I will definitely change that platform and accept some other platform for investment. Ethereum transaction fee is unusual and always it is abnormal sometimes it is not normal.
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Especially if you approach an ETF, there will definitely be another significant change to the Ethereum gas fee. This is one of Ethereum's weaknesses, where the gas fee is very high.
For me, ethereum fees has never been normal ever since this issue of high gas cost started on the ethereum network, I long time ago stopped investing in any project that is built on ethereum, most especially if the project Is not listed on any exchange yet aside from decentralized exchanges like uniswap, I just ignore such project completely, or wait and buy it when it gets listed on a centralized exchange, and even at this, I usually don't withdraw, but just leave the tokens on the exchange since withdrawing also cost a lot in fees as well.It could be said that currently Ethereum gas has increased. Currently, the fees are increasing and can be changed easily in just a matter of seconds. So you really have to update the gas fee.If the Ethereum platform has been criticized the most, it has been the criticism of Ethereum's excessive transaction fee problem. Investors have been enduring this problem for a long time. Before investing, an investor first checks which platform he is investing in, if he sees that he has to invest in the Ethereum platform, then there are many investors who change his platform and invest in another platform. I will hire $200 if there is a fee of $100 then I will definitely change that platform and accept some other platform for investment. Ethereum transaction fee is unusual and always it is abnormal sometimes it is not normal.
(https://talkimg.com/images/2024/02/09/vrHmc.png)
Especially if you approach an ETF, there will definitely be another significant change to the Ethereum gas fee. This is one of Ethereum's weaknesses, where the gas fee is very high.
For me, ethereum fees has never been normal ever since this issue of high gas cost started on the ethereum network, I long time ago stopped investing in any project that is built on ethereum, most especially if the project Is not listed on any exchange yet aside from decentralized exchanges like uniswap, I just ignore such project completely, or wait and buy it when it gets listed on a centralized exchange, and even at this, I usually don't withdraw, but just leave the tokens on the exchange since withdrawing also cost a lot in fees as well.
For me, I think the only reason why ethereum is still at the top is because of the many whales who live there, there are alot of ethereum whales who don't mind the high gas cost, they pay it, and right now, it's alrweady looking like the high transaction cost on ethereum blockchain is already a norm and everyone has already gotten used to it.
You are right, whales still holding ethereum will mind the high gas fees because they use quite large funds to invest. For those of us who only have a small amount of funds, this gas fee will be very high. Ethereum still has many whales, because apart from holding bitcoin they also hold ethereum. I've also switched to another platform since ethereum never solved the gas fee problem.Surprisingly, whales already know that gas fees are quite high, but many still use them to carry out transactions on Ethereum, this shows that Ethereum still has high demand among whales who have a lot of money to carry out transactions with very large amounts.
You are right, whales still holding ethereum will mind the high gas fees because they use quite large funds to invest. For those of us who only have a small amount of funds, this gas fee will be very high. Ethereum still has many whales, because apart from holding bitcoin they also hold ethereum. I've also switched to another platform since ethereum never solved the gas fee problem.
The Chinese probably do not care about this commission, for them it is pennies and in fact only those who have 0.001eth on their account suffer))) and he wants to withdraw part of the funds but because of the high price of gas he will not be able to do it because the price of gas will be more than the amount of his eth on his wallet.
The Chinese probably do not care about this commission, for them it is pennies and in fact only those who have 0.001eth on their account suffer))) and he wants to withdraw part of the funds but because of the high price of gas he will not be able to do it because the price of gas will be more than the amount of his eth on his wallet.
Maybe you're right, only people with 0.001eth will feel the high gas costs. But apparently investors also feel it. if Chinese people have big money they will not be disadvantaged by high fuel costs.
No one likes it anyway, I understand that it depends on the whole mood and that most people who did not use Ethereum because of its high gas price will use it when it drops to normal values, which will naturally affect the price very well.Usually the price when Ethereum transaction fees go down is because the Ethereum network is not being used by many people so that transactions become loose and make transaction fees which are usually high go down and are quite cheap to use.
No one likes it anyway, I understand that it depends on the whole mood and that most people who did not use Ethereum because of its high gas price will use it when it drops to normal values, which will naturally affect the price very well.At least with the high transaction fees Ethereum still has fans and the price can be very expensive as it is now and this is proof that transaction fees are not an important problem.
At least with the high transaction fees Ethereum still has fans and the price can be very expensive as it is now and this is proof that transaction fees are not an important problem.
However, it will indeed be better when transaction costs can be reduced so that it can provide satisfaction to Ethereum users.
At least with the high transaction fees Ethereum still has fans
That is what really surprises me. This topic is already 4 years old. Can you image? Ethereum has been expensive for at least 4 years, people still use it and some projects still build their projects on Ethereum blockchain. That is something I cant explain. When we have alternatives that are cheaper or have other advantages, people still use Ethereum. Now since Ethereum price has grown, it is even more pricy than used to be. At least , dominance of Ethereum among all cryptocurrency is decreasing over last few years. Maybe that will help to reduce gas prices.That's what made me stop thinking and it was unexpected that the price of Ethereum could become so expensive like this even though there are still many problems that have not been solved.
That is what really surprises me. This topic is already 4 years old. Can you image? Ethereum has been expensive for at least 4 years, people still use it and some projects still build their projects on Ethereum blockchain. That is something I cant explain. When we have alternatives that are cheaper or have other advantages, people still use Ethereum. Now since Ethereum price has grown, it is even more pricy than used to be. At least , dominance of Ethereum among all cryptocurrency is decreasing over last few years. Maybe that will help to reduce gas prices.That's what made me stop thinking and it was unexpected that the price of Ethereum could become so expensive like this even though there are still many problems that have not been solved.
Maybe now the price is rising due to the influence of the ETF which will start accepting Ethereum trades so that investors and whales who have a lot of money are trying to take advantage of this issue to make a profit.
The ETH blockchain is very robust, perhaps it is for that reason that we have good projects on the ERC-20 network and it is very true, in fact the latest projects that I have seen on the ERC-20 network of ETH are very good projects. and that makes the difference, so I think that's what makes this blockchain interesting, however GAS is something that is very Catastrophic for me , to throw Money away you have to have a lot of money for it to be worth the expense. fee, in reality this is something that affects a lot, for Someone who does projects and gne of 50usd or 100usd it is not profitable at all, it is an impressive thing, now, the deviations at these heights have already solved the problem, but alas Things continue to present themselves like this , they are people who don't Understand and are on the Verge of a new ATH.The ecosystem on the Ethereum network is indeed trusted and very strong, the community support that Ethereum has is also very high, it is certain that when there are good projects created on the Ethereum network and they have a team that suits their field, many will be successful.
The ETH blockchain is very robust, perhaps it is for that reason that we have good projects on the ERC-20 network and it is very true, in fact the latest projects that I have seen on the ERC-20 network of ETH are very good projects. and that makes the difference, so I think that's what makes this blockchain interesting, however GAS is something that is very Catastrophic for me , to throw Money away you have to have a lot of money for it to be worth the expense. fee, in reality this is something that affects a lot, for Someone who does projects and gne of 50usd or 100usd it is not profitable at all, it is an impressive thing, now, the deviations at these heights have already solved the problem, but alas Things continue to present themselves like this , they are people who don't Understand and are on the Verge of a new ATH.The ecosystem on the Ethereum network is indeed trusted and very strong, the community support that Ethereum has is also very high, it is certain that when there are good projects created on the Ethereum network and they have a team that suits their field, many will be successful.
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.This is natural, if the technology is not developed further, it will make this technology obsolete, eventually many will leave a program as good as Ethereum. However, if Ethereum developers are able to overcome the problem of high transaction fees, then it is certain that Ethereum users will not leave and will still provide support to Ethereum.
The ETH blockchain is very robust, perhaps it is for that reason that we have good projects on the ERC-20 network and it is very true, in fact the latest projects that I have seen on the ERC-20 network of ETH are very good projects. and that makes the difference, so I think that's what makes this blockchain interesting, however GAS is something that is very Catastrophic for me , to throw Money away you have to have a lot of money for it to be worth the expense. fee, in reality this is something that affects a lot, for Someone who does projects and gne of 50usd or 100usd it is not profitable at all, it is an impressive thing, now, the deviations at these heights have already solved the problem, but alas Things continue to present themselves like this , they are people who don't Understand and are on the Verge of a new ATH.The ecosystem on the Ethereum network is indeed trusted and very strong, the community support that Ethereum has is also very high, it is certain that when there are good projects created on the Ethereum network and they have a team that suits their field, many will be successful.
That's what we have been observing, even though Ethereum gas is very high, but why are more projects on Ethereum successful? Ethereum also still has a large community. Even though other platforms are cheaper and faster, why can't they overtake ethereum.
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.This is natural, if the technology is not developed further, it will make this technology obsolete, eventually many will leave a program as good as Ethereum. However, if Ethereum developers are able to overcome the problem of high transaction fees, then it is certain that Ethereum users will not leave and will still provide support to Ethereum.
Due to high gas fee levels on the Ethereum platform, its popularity is much less nowadays than in the past. Yet massive projects on the Ethereum platform and those launched on the platform have been successful on almost all platforms. If gas fees are lower on the Ethereum platform, popularity will return and mass investors will start investing. However, nowadays there are many big investors due to which its price is at the highest level.The popularity of the Ethereum platform has not decreased compared to before because the problem of excessive transaction fees of Ethereum is not new, we have seen it for a long time. Already the number of investors on the Ethereum platform is low only because of its high transaction fees but the popularity of Ethereum has definitely increased in that proportion. Many people may try to avoid this platform due to the problem of extra transaction fees of Ethereum, but there are many investors who invest a lot of money but do not see these transaction fees too big. Ethereum has grown in popularity. However, if the problem of high transaction fees is solved, its popularity will increase manifold.
As for my opinion why gas price high,due to network congestion, causing driving feels up to all transactions when it is crowded ,gas prices tend to skyrocket to compete the transaction ..many coins offering lower gas payment , this is there advantage but still they' can't be overtake Ethereum any more people still patronising Ethereum. Why ? Because they still believe Ethereum will dominate the market in future.Exactly, when transactions become very busy, miners need a lot of time to validate them, so miners might choose a transaction method that has a fairly high transaction fee to be completed first, which is why transaction fees become very expensive when the network is busy.
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That's right, when traffic is high the gas fee will go up, we should look for when traffic goes down before making a transaction. I often do this to get around high gas fees. Actually, currently we can choose cheaper platforms, such as BSC, Solana, TRC20 etc.As for my opinion why gas price high,due to network congestion, causing driving feels up to all transactions when it is crowded ,gas prices tend to skyrocket to compete the transaction ..many coins offering lower gas payment , this is there advantage but still they' can't be overtake Ethereum any more people still patronising Ethereum. Why ? Because they still believe Ethereum will dominate the market in future.Exactly, when transactions become very busy, miners need a lot of time to validate them, so miners might choose a transaction method that has a fairly high transaction fee to be completed first, which is why transaction fees become very expensive when the network is busy.
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That's right, when traffic is high the gas fee will go up, we should look for when traffic goes down before making a transaction. I often do this to get around high gas fees. Actually, currently we can choose cheaper platforms, such as BSC, Solana, TRC20 etc.When you want to make transactions with relatively cheap fuel costs, using another network may not necessarily be the right way because not all coins are registered or supported on other networks. So remain careful when you want to make cryptocurrency transactions with different networks.
Before making a transaction with another network, check whether this coin can use another network, I think almost all coins can use the Binance smart chain. because BSC is an alternative smart contract platform that is very popular after ethereum. And so far I haven't had any problems when switching networks to BSC and TRC20. Have you ever had problems with this? What coin and network do you use?That's right, when traffic is high the gas fee will go up, we should look for when traffic goes down before making a transaction. I often do this to get around high gas fees. Actually, currently we can choose cheaper platforms, such as BSC, Solana, TRC20 etc.When you want to make transactions with relatively cheap fuel costs, using another network may not necessarily be the right way because not all coins are registered or supported on other networks. So remain careful when you want to make cryptocurrency transactions with different networks.
Before making a transaction with another network, check whether this coin can use another network, I think almost all coins can use the Binance smart chain. because BSC is an alternative smart contract platform that is very popular after ethereum. And so far I haven't had any problems when switching networks to BSC and TRC20. Have you ever had problems with this? What coin and network do you use?Everyone can use the BSC network, but there are markets that do not have liquidation, so when you sell tokens using the BSC network as long as there is no liquidation from the market, you will never be able to sell the tokens even though there is smart contract support from the BSC network.