Gas fee on ethereum

[NikeFit_7777]

Someone got the wrong address and lost 553,312 dollars. 

While trying to transfer money to the KuCoin exchange, a person got the wrong address and transferred funds to fraudsters. The address for the deposit was taken from the transaction history. Usually people compare the first and last characters of the address, but in this case they matched.

By the way, I saw a YouTube video where a crypto exchange owner told how his employee lost more than 1 million dollars of funds from the exchange's liquidity in the same way. Never copy the address from the transfer history, always take it directly to avoid losing your money.

Proof: https://etherscan.io/tx/0x1391c950bd232bae80131b30e20e5241a60b77ea22f06ddc31946823b089ac05

[KryptoBull]

I am wondering why the etheruem network transactions fees is continuously very high, compare to other networks fee.
I wish I can get a genuine reason for this high gas fee all the time because it look like there may be no end to this high fees. When I heard that etheruem network has migrated to POS I thought that the transaction fees will be reduced but fees remains the same.
It is very clear why new start projects are moving to other networks, new projects can't afford the etheruem fees when sending their native token to investors/users.

Currently, gas fees on Ethereum are very cheap, even below 1 gwei, and swap costs are also under 1 USD. This has been achieved thanks to the emergence and highly effective operation of L2 solutions such as Op, Arb, Base, Metis, etc.

Using the Ethereum blockchain has now become easier and more economical for everyone, similar to the 2019 crypto winter. With congestion issues resolved, other potentials of Ethereum can be explored, such as tokenizing assets from large investment funds.

• Ethereum Gas Tracker

[legend45]

I am wondering why the etheruem network transactions fees is continuously very high, compare to other networks fee.
I wish I can get a genuine reason for this high gas fee all the time because it look like there may be no end to this high fees. When I heard that etheruem network has migrated to POS I thought that the transaction fees will be reduced but fees remains the same.
It is very clear why new start projects are moving to other networks, new projects can't afford the etheruem fees when sending their native token to investors/users.

Currently, gas fees on Ethereum are very cheap, even below 1 gwei, and swap costs are also under 1 USD. This has been achieved thanks to the emergence and highly effective operation of L2 solutions such as Op, Arb, Base, Metis, etc.

Using the Ethereum blockchain has now become easier and more economical for everyone, similar to the 2019 crypto winter. With congestion issues resolved, other potentials of Ethereum can be explored, such as tokenizing assets from large investment funds.

• Ethereum Gas Tracker
  

The gas fee problem of ethereum has been resolved, this is good for investors who will use the ethereum network. With the decrease in ethereum gas fees, this will have an impact on the price of ethereum in the bullish season. Moreover, with the approval of the ethereum ETF, this will also have a good impact.

[nakmantu99]

The gas fee problem of ethereum has been resolved, this is good for investors who will use the ethereum network. With the decrease in ethereum gas fees, this will have an impact on the price of ethereum in the bullish season. Moreover, with the approval of the ethereum ETF, this will also have a good impact.

I agree with you, ethereum gas fees have started to become cheap and this is good for its users, ethereum ETF has also been approved, if you want to see the impact of both, we will see next year during the bullish season.

[bounceback]

Wow its the first time in my experience when seeing Gwei ethereum price under 1 Gwei, unbelievable how possibility fees transfer of Ethereum under 1 Gwei usually reach higher price for sending fees. Right now not only Binance smart chain or Slana network have cheapest fees but also transaction using Ethereum network have lower fees.
If keep stable in the future I think many trader or investor will make their investment with Ethereum network coin than other network, its unbelievable how Ethereum fees drop under 1 Gwei currently and how possibility keep existing with Ethereum fees going down?

[bitterguy28]

The gas fee problem of ethereum has been resolved, this is good for investors who will use the ethereum network. With the decrease in ethereum gas fees, this will have an impact on the price of ethereum in the bullish season. Moreover, with the approval of the ethereum ETF, this will also have a good impact.

hopefully it is really resolved because gas fees during times where the mempool is not yet as congested as it is during high transactions is different from when the transactions are its peak

the addition of etf will just further increase the chances of ethereum’s price to rise and by extension the gas fees it’s just going to be a cycle until there’s a permanent solution

[ABCbits]

Wow its the first time in my experience when seeing Gwei ethereum price under 1 Gwei, unbelievable how possibility fees transfer of Ethereum under 1 Gwei usually reach higher price for sending fees. Right now not only Binance smart chain or Slana network have cheapest fees but also transaction using Ethereum network have lower fees.
If keep stable in the future I think many trader or investor will make their investment with Ethereum network coin than other network, its unbelievable how Ethereum fees drop under 1 Gwei currently and how possibility keep existing with Ethereum fees going down?

Dencun upgrade and various L2 really helps lower ETH TX fee. But looking at https://dune.com/queries/2439610, while sorting the table using "min_base_fee", i don't expect we'll see much lower fees anytime soon.

[Altlover]

I was about to do a transaction and the gas fee was very high! Any advice on how to get the lowest gas fees? I have looked at the heatmap, and I can see that at certain times and days, it's a bit lower. Any advice for a newbie? 

Thanks!!

Yes, you are right, at certain times the gas fees for making transactions will be low when not many people are using the network you are using. However, when the network conditions are busy with transactions, it will make us think again about making transactions because usually it will charge transaction fees. which is quite expensive as you have experienced.

That's correct. Gas fees on blockchain networks like Ethereum can fluctuate based on network congestion. When many people are transacting simultaneously,To manage these costs, users often wait for less busy periods or consider alternative networks with lower fees.

[pieppiep]

The gas fee problem of ethereum has been resolved, this is good for investors who will use the ethereum network. With the decrease in ethereum gas fees, this will have an impact on the price of ethereum in the bullish season. Moreover, with the approval of the ethereum ETF, this will also have a good impact.

hopefully it is really resolved because gas fees during times where the mempool is not yet as congested as it is during high transactions is different from when the transactions are its peak

the addition of etf will just further increase the chances of ethereum’s price to rise and by extension the gas fees it’s just going to be a cycle until there’s a permanent solution

Well, To keep the stability of the Ethereum network, it’s important to efficiently manage transaction fees, especially as transaction activity rises. A less crowded mempool will help to bring down gas fees, though this tactic must be associated with technology that is able to continuously improve network capacity.

For Ethereum adoption to increase, the deployed ETFs must come with innovation that tackles the cyclical high transaction fees. A holistic method is necessary to develop a lasting solution that can match demand against network capacity.

[Bobcrypto]

Wow its the first time in my experience when seeing Gwei ethereum price under 1 Gwei, unbelievable how possibility fees transfer of Ethereum under 1 Gwei usually reach higher price for sending fees. Right now not only Binance smart chain or Slana network have cheapest fees but also transaction using Ethereum network have lower fees.
If keep stable in the future I think many trader or investor will make their investment with Ethereum network coin than other network, its unbelievable how Ethereum fees drop under 1 Gwei currently and how possibility keep existing with Ethereum fees going down?

Mate, it is not completely certain that the current low gas fee we are experiencing on the etheruem network is sustainable.This is because when the market start pumping, there may be spikes on gas fees again, and I think that once the bull market start, there is that possibility of a higher gas fees on the etheruem network. Remember that this was not the first time gas fees went down, it has been happening in the past and there has not been a permanent solutions to the etheruem gas fees issues to the best of my knowledge.

[debra]

Wow its the first time in my experience when seeing Gwei ethereum price under 1 Gwei, unbelievable how possibility fees transfer of Ethereum under 1 Gwei usually reach higher price for sending fees. Right now not only Binance smart chain or Slana network have cheapest fees but also transaction using Ethereum network have lower fees.
If keep stable in the future I think many trader or investor will make their investment with Ethereum network coin than other network, its unbelievable how Ethereum fees drop under 1 Gwei currently and how possibility keep existing with Ethereum fees going down?

Mate, it is not completely certain that the current low gas fee we are experiencing on the etheruem network is sustainable.This is because when the market start pumping, there may be spikes on gas fees again, and I think that once the bull market start, there is that possibility of a higher gas fees on the etheruem network. Remember that this was not the first time gas fees went down, it has been happening in the past and there has not been a permanent solutions to the etheruem gas fees issues to the best of my knowledge.

I really can't believe this, can't believe what I'm seeing now. It's been a long time since I checked the Ethereum gas rate. And the difference is very striking from what was screenshotted when this post was posted.

And now, the fee is at a rate of 16 gwei more. Oh no, even though I forgot to transfer the coins, I really didn't expect it to be many times bigger. This is why many new projects are lazy and switch to other networks, because the Ethereum network has not changed, always having problems with high transaction fees.

[salad daging]

And now, the fee is at a rate of 16 gwei more. Oh no, even though I forgot to transfer the coins, I really didn't expect it to be many times bigger. This is why many new projects are lazy and switch to other networks, because the Ethereum network has not changed, always having problems with high transaction fees.

Remember, friends, even though the Ethereum network is expensive and sometimes unstable, the interest in this network is so much and strong that even though ETH gas has increased many times, people still make many transactions despite the high fees.

For me gwei now is still quite cheap, because I have experienced where I have made transactions on the ETH network with a fee of more than $40 and honestly the fee was returned in capital with the token proceeds obtained yesterday from EIGEN.

[legend45]

And now, the fee is at a rate of 16 gwei more. Oh no, even though I forgot to transfer the coins, I really didn't expect it to be many times bigger. This is why many new projects are lazy and switch to other networks, because the Ethereum network has not changed, always having problems with high transaction fees.

Remember, friends, even though the Ethereum network is expensive and sometimes unstable, the interest in this network is so much and strong that even though ETH gas has increased many times, people still make many transactions despite the high fees.

For me gwei now is still quite cheap, because I have experienced where I have made transactions on the ETH network with a fee of more than $40 and honestly the fee was returned in capital with the token proceeds obtained yesterday from EIGEN.

And if the Ethereum team doesn't fix their problem, high gas fee. It is likely that many investors will switch to other networks. because of Binance smart chain, solana, TON etc. Maybe at this time there are still many who don't believe that it will happen but they forget that anything can happen in the crypto world.
although Ethereum is very popular and currently still ranks second on CMC, BNB and Solana also have the potential to compete with

[Azharul]

I am wondering why the etheruem network transactions fees is continuously very high, compare to other networks fee.
I wish I can get a genuine reason for this high gas fee all the time because it look like there may be no end to this high fees. When I heard that etheruem network has migrated to POS I thought that the transaction fees will be reduced but fees remains the same.
It is very clear why new start projects are moving to other networks, new projects can't afford the etheruem fees when sending their native token to investors/users.

Currently, gas fees on Ethereum are very cheap, even below 1 gwei, and swap costs are also under 1 USD. This has been achieved thanks to the emergence and highly effective operation of L2 solutions such as Op, Arb, Base, Metis, etc.

Using the Ethereum blockchain has now become easier and more economical for everyone, similar to the 2019 crypto winter. With congestion issues resolved, other potentials of Ethereum can be explored, such as tokenizing assets from large investment funds.

• Ethereum Gas Tracker
  

we know that ethereum is one of the best largest fund in cryptocurrency world. We also know that Gas fee on ethereum is also a little high than Binance smart chai and solana network. I think that when ethereum price will increase than it will be benefits for us, because i believe that then it’s gas fee will decrease gradually. If we follow in cryptocurrency market, we saw that ethereum fees is also lower, which drop under 1 gwei in this time. So i believe that within a short time ethereum gas or transaction fee will decrease. Then it will be very helpful for all ethereum users.

[legend45]

[
we know that ethereum is one of the best largest fund in cryptocurrency world. We also know that Gas fee on ethereum is also a little high than Binance smart chai and solana network. I think that when ethereum price will increase than it will be benefits for us, because i believe that then it’s gas fee will decrease gradually. If we follow in cryptocurrency market, we saw that ethereum fees is also lower, which drop under 1 gwei in this time. So i believe that within a short time ethereum gas or transaction fee will decrease. Then it will be very helpful for all ethereum users.

ga fee ethereum has increased again friend, if the price of ethereum increases, it is likely that the gas fee will increase because usually the gas fee follows the traffic and price of the coin.
I prefer to transact using the BSC and TRC networks rather than ethereum and I also sometimes use SOL.