Gas fee on ethereum

[NikeFit_7777]

Currently the fuel costs for making transactions on Ethereum have started to fall, you can see it https://etherscan.io/gastracker.
If you have assets to claim or want to send money using the Ethereum network then now is the right time because gas fees are falling.

It's nothing new. As soon as HYIP-projects appear (demanded by users) = instantly the gas fee rises. This is already a certain criterion for understanding the use of the network. Personally, it's not surprising to me, it's a common situation, so to speak. Similar is happening in the btc network now, a couple of weeks there was a strong demand for transfers = higher transfer fees, now everything is +/- as it should be initially.

P.S. Therefore, who needs to make translations, now is the most optimal time for me. 

[salad daging]

Currently the fuel costs for making transactions on Ethereum have started to fall, you can see it https://etherscan.io/gastracker.
If you have assets to claim or want to send money using the Ethereum network then now is the right time because gas fees are falling.

It's nothing new. As soon as HYIP-projects appear (demanded by users) = instantly the gas fee rises. This is already a certain criterion for understanding the use of the network. Personally, it's not surprising to me, it's a common situation, so to speak. Similar is happening in the btc network now, a couple of weeks there was a strong demand for transfers = higher transfer fees, now everything is +/- as it should be initially.

P.S. Therefore, who needs to make translations, now is the most optimal time for me. 

Isn't HYIP a kind of ponzi scheme? Maybe it's hype?
Ethereum's gwei is up and down maybe because of a few dense transactions not before when people clam for prizes then hundreds of thousands of people make transactions simultaneously then this is obviously gwei will be high.
But indeed this is common because while the fuel goes down the next day it can go up again in the Ethereum network.

[akeemqaz]

I thought that eth solves this high fees already due to transitioning to PoS? But it looks like it doesn't help at all. Fees are still usually very high.

Anyway, you can follow what bitmover suggested above. There are many wallets that offers cuztomizable fees.

All wallets offers customised gas fee. And the gas fee issue is still On the Ethereum network. The only thing solved with POS move is energy usage I think. For, I don't think any wallet can solve gas fee problem.

[bitmover]

All wallets offers customised gas fee. And the gas fee issue is still On the Ethereum network. The only thing solved with POS move is energy usage I think. For, I don't think any wallet can solve gas fee problem.

The wallet just let you pay the minimum fee possible  i.e., the market fee

Pos can't solve the problem for high fees. There is a limited space for transactions in a block. And everyone wants their transactions to fit in the block. Some transactions are bigger than other ones, like token swaps. So, people pay high to get into a block

[Hamza2424]

All wallets offers customised gas fee. And the gas fee issue is still On the Ethereum network. The only thing solved with POS move is energy usage I think. For, I don't think any wallet can solve gas fee problem.

Wallets cant fix anything in the on-chain network, always there is a need for changes in the network protocols to establish change but this is not possible to manipulate maximum protocols due to security issues, ETH scalability issues are not new, and many proposals many upgrades still it causes sometimes a bottleneck in transaction processing due to the over and nonsystematic approach of Dapps, well we cant even blame the ecosystem projects as well, but solutions seem like working well these days like L2 (Base, Arbitrum, and OP some others as well), TBH when you think of high gas fee just avoid the transaction for a while.

If you cant then move on to the other solutions, also as there was mentioned about wallets, I won't prefer using a super low customized gas fee your transaction can fall into dead mode still there are some wallets to add transaction processing fees by boosting it with more charges but I haven't used any of them just heard of it.

[armanda90]

It's nothing new. As soon as HYIP-projects appear (demanded by users) = instantly the gas fee rises. This is already a certain criterion for understanding the use of the network. Personally, it's not surprising to me, it's a common situation, so to speak. Similar is happening in the btc network now, a couple of weeks there was a strong demand for transfers = higher transfer fees, now everything is +/- as it should be initially.

P.S. Therefore, who needs to make translations, now is the most optimal time for me. 

Right, when many hype coins or airdrop with claiming taking higher fees transaction and after its over fees of Ethereum return back to normal and last several days just spending few dollar for each time transaction.
The same with all network and BTC huge transaction taking bigger fees with network so slow when making transaction, but Ethereum fees transaction back to normal later after over with coins claiming even end.

Today fees transaction using Ethereum network back to normal with GWEI 5 and taking around $1 enough for sending coins with ERC20 network.

[bitterguy28]

I thought that eth solves this high fees already due to transitioning to PoS? But it looks like it doesn't help at all. Fees are still usually very high.

Anyway, you can follow what bitmover suggested above. There are many wallets that offers cuztomizable fees.

All wallets offers customised gas fee. And the gas fee issue is still On the Ethereum network. The only thing solved with POS move is energy usage I think. For, I don't think any wallet can solve gas fee problem.

and this will forever be the disadvantage for those casino that has  this hgh fee specially ethereum and of course the top coin Bitcoin.
but also the problem is that there are so many coins that people can choose now like altcoins that does not only offers cheaper fee but faster transaction as well.

[Aanuoluwatofunmi]

If you're using a coin that only support for the use of Ethereum network then you have no alternative than to embrace the challenge on the transaction fee for this Ethereum network because its extremely high, except i some cases whereby you may discover for cheaper rates which is not common as well, while we have many other networks being more affordable than the Ethereum network itself, but some never mind on this, they still see it being affordable and uses the network.

[Gurujebs]

If you're using a coin that only support for the use of Ethereum network then you have no alternative than to embrace the challenge on the transaction fee for this Ethereum network because its extremely high, except i some cases whereby you may discover for cheaper rates which is not common as well, while we have many other networks being more affordable than the Ethereum network itself, but some never mind on this, they still see it being affordable and uses the network.

There is interoperability between ethereum chains and other chains which are mostly layer 2, you don't have to use ethereum completely and depend on it before you interact with ethereum. For instance, you can bridge your tokens from Ethereum to Matic or optimism which has a cheaper fees in transactions, do all you want to do and complete everything and then transfer your asset from other layers to ethereum when you are completely done with everything you want to do over there.

That way, you will only spend less fees on transactions especially when you have many interactions but the side effects of this is that bridges are quick to hack, they are not immune and safe to use, we have had many reported cases of millions drained from bridges.

[kulkhan]

If you're using a coin that only support for the use of Ethereum network then you have no alternative than to embrace the challenge on the transaction fee for this Ethereum network because its extremely high, except i some cases whereby you may discover for cheaper rates which is not common as well, while we have many other networks being more affordable than the Ethereum network itself, but some never mind on this, they still see it being affordable and uses the network.

Ethereum Network glass fees was very high but now a days we are looking Ethereum network glass fees are reduced from previous. Ethereum network was very popular once upon a time but I think for its glass fee people turned from Ethereum network.

Now huge network available and that's glass fees are very low like, TRC network, Solana, Bep etc. I think if Ethereum network glass fees were low again then it's popularity will increase again.

[JoyMarsha]

It is a thing to be concerned about, that the ethereum gas fees we thought had been reduced, are not actually.

Last month, I was charged up to $8 for sending a token off an exchange. That's annoying that made me think that, had I known I would have left the token on an exchange instead. But how could someone leave it, knowing the risk involved in having your crypto assets kept on an exchange.

[NikeFit_7777]

Ethereum's gwei is up and down maybe because of a few dense transactions not before when people clam for prizes then hundreds of thousands of people make transactions simultaneously then this is obviously gwei will be high.
But indeed this is common because while the fuel goes down the next day it can go up again in the Ethereum network.

That's right. Situations repeat themselves, there is absolutely no need to panic about it. I've noticed a tendency, as soon as a large project makes its own token distribution = the excitement in the ETH network reaches peak values.

P.S. Who is not satisfied with the price for translation - it is best to be patient and do not make hasty actions. It's only a matter of time before things get back to normal. 

[sampoerna]

That's right. Situations repeat themselves, there is absolutely no need to panic about it. I've noticed a tendency, as soon as a large project makes its own token distribution = the excitement in the ETH network reaches peak values.

P.S. Who is not satisfied with the price for translation - it is best to be patient and do not make hasty actions. It's only a matter of time before things get back to normal. 

Yes, this speeti has become a normal thing. It's just that perhaps the situation is a bit different from a few years ago where the Etheruem network was still the main one and there weren't many competitors. Currently, there are several networks that can compete with these platforms. But still, as the Oled One, it can't just be left behind. Moreover, Ethereum is now also experiencing quite good regional development.

Oh yes, related to the gas fee of the Etheruem network, sat ii, the difference is very large, even very small. I don't know if this can last much longer or not, but it's really good.

[Doovla]

Yes, when you compare April with June and July, there is a big difference. Now it is already what it was in a sustainable and constant low value. There are websites where it can be followed in detail. I expect regardless of the value of Ethereum that transaction costs will gradually decrease to less than $0.1.

[bee]

Yes, when you compare April with June and July, there is a big difference. Now it is already what it was in a sustainable and constant low value. There are websites where it can be followed in detail.

That's because the growth of the ETH ecosystem is stagnating or actually decreasing, which has an impact on decreasing tx queues on this network.

I expect regardless of the value of Ethereum that transaction costs will gradually decrease to less than $0.1.

The lowest fee recorded in the last 2 years is this year, was avg. 4gwei on June 29.
If you want to reach an avg. tx fee of $0.1, it should be the recommended 2gwei with ETH price equals around @$2,500 or 4gwei with ETH price equals $1,250.

Edit:
ETH gas history chart https://ycharts.com/indicators/ethereum_average_gas_price