Gas fee on ethereum

[Axcel777]

[
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.

With the price, we describe ethereum gas fees since it is based on the traffic situation and can also rise as the price does. Therefore transactions with BSC and TRC are more preferable, though SOL is available as another option in case of necessity.

[armanda90]

With the price, we describe ethereum gas fees since it is based on the traffic situation and can also rise as the price does. Therefore transactions with BSC and TRC are more preferable, though SOL is available as another option in case of necessity.

Huge traffic of Ethereum make gas transaction increasing most drastically but when traffic low make gas fees for Ethereum have cheapest or lower price.
I see the high traffic moment happening usually when Ethereum raise up to higher price or any airdrop project claiming make traffic up significant bring impact for gas fees up.
Difference with other network such as SOL or BSC have stable fees however traffic high or not but for Sol have trouble with transaction time confirmation only get more delay but the fees keep stable as usually.

[dekafee79]

With the price, we describe ethereum gas fees since it is based on the traffic situation and can also rise as the price does. Therefore transactions with BSC and TRC are more preferable, though SOL is available as another option in case of necessity.

Huge traffic of Ethereum make gas transaction increasing most drastically but when traffic low make gas fees for Ethereum have cheapest or lower price.
I see the high traffic moment happening usually when Ethereum raise up to higher price or any airdrop project claiming make traffic up significant bring impact for gas fees up.
Difference with other network such as SOL or BSC have stable fees however traffic high or not but for Sol have trouble with transaction time confirmation only get more delay but the fees keep stable as usually.

Every network definitely has its advantages and disadvantages. I prefer BSC in transactions because the gas fee is low, sometimes I also use solana because the solana gas fee is also low. I rarely use ethereum because the gas fee is high, especially when the traffic is high we have to pay a fairly large gas fee, this is annoying.

[MRY]

Every network definitely has its advantages and disadvantages. I prefer BSC in transactions because the gas fee is low, sometimes I also use solana because the solana gas fee is also low. I rarely use ethereum because the gas fee is high, especially when the traffic is high we have to pay a fairly large gas fee, this is annoying.

Indeed, Each network does have qualities that we can take advantage of based on its strengths or on what type of service it provides. I also get the rationale of opting for a network with cheaper gas fees as suggested by BSC and Solana which just feels efficient for everyday transactions.

Ethereum gas fees are usually expensive especially during the time of increased traffic and yes, it is a constant issue. However, since there are a few existing networks, we can do more selective in selecting network most appropriate to the situation in order to ensure transaction activities go on smoothly without bearing extra large costs.

[Tomi amirsah]

We need to know that one of the main factors triggering the increase in gas costs is the dense network we use.if we use a network that is not densely populated with users,gas costs will become normal or not increase.

[vegasus]

Ethereum gas fees are usually expensive especially during the time of increased traffic and yes, it is a constant issue. However, since there are a few existing networks, we can do more selective in selecting network most appropriate to the situation in order to ensure transaction activities go on smoothly without bearing extra large costs.

It's always like that. In fact, it's even worse when traffic is heavy and the price of ETH has started to skyrocket, so the gwei needed is also getting higher. Yes, this makes the Ethereum network currently abandoned and more people are switching to other networks that are much more affordable. because if converted to $, the difference is quite significant, as when compared to Solana and also the BSC network, even though the speed is the same, on average.

Today, the average gwei required is 7gwei for sending tokens through the Ethereum network. And that's around $0.5, still quite low actually, but yes, when compared to other networks, it is still quite high especially when the transactions are in high amounts, then the increase in gwei is also undeniable.

[bitmover]

Today, the average gwei required is 7gwei for sending tokens through the Ethereum network. And that's around $0.5, still quite low actually, but yes, when compared to other networks, it is still quite high especially when the transactions are in high amounts, then the increase in gwei is also undeniable.

Fees are not that low....

To transfer a token around in ethereum network costs about $3.50 (currently 16 Gwei).
It would cost half of it at 7gwei, about $1.50 to $2.

To transfer ETH, which is not a token, costs much less, about $1.50 or $0.70 at 7 Gwei

[enwi]

Today, the average gwei required is 7gwei for sending tokens through the Ethereum network. And that's around $0.5, still quite low actually, but yes, when compared to other networks, it is still quite high especially when the transactions are in high amounts, then the increase in gwei is also undeniable.

Fees are not that low....

To transfer a token around in ethereum network costs about $3.50 (currently 16 Gwei).
It would cost half of it at 7gwei, about $1.50 to $2.

To transfer ETH, which is not a token, costs much less, about $1.50 or $0.70 at 7 Gwei

Token transaction fees on the Ethereum network are still an issue to this date, especially to our pockets if we frequently transact tokens. Still, the figure can be put much lower and the users must more or less think on how they can make the best out of the networks. Thus, we can operate at quite high fees and, for this purpose, we can use options, for example, the use of an alternative network, which can be a solution to reduce costs. Unfortunately, there are still a limited number of tokens on the ERC20 network which offer gateway into cheaper transaction networks.

[Tomi amirsah]

some people also experience the same thing is there a way for this

[legend45]

Ethereum gas fees are usually expensive especially during the time of increased traffic and yes, it is a constant issue. However, since there are a few existing networks, we can do more selective in selecting network most appropriate to the situation in order to ensure transaction activities go on smoothly without bearing extra large costs.

It's always like that. In fact, it's even worse when traffic is heavy and the price of ETH has started to skyrocket, so the gwei needed is also getting higher. Yes, this makes the Ethereum network currently abandoned and more people are switching to other networks that are much more affordable. because if converted to $, the difference is quite significant, as when compared to Solana and also the BSC network, even though the speed is the same, on average.

Today, the average gwei required is 7gwei for sending tokens through the Ethereum network. And that's around $0.5, still quite low actually, but yes, when compared to other networks, it is still quite high especially when the transactions are in high amounts, then the increase in gwei is also undeniable.

You are right when traffic is high and the price of Ethereum increases of course the gas fee will be high. because in my opinion what determines the increase in gas fees is traffic and price. Because all of that is related, the price increases because demand increases and many people buy at that time so that traffic increases and besides that when the price increases it is likely that many will sell to make a profit, so the main factor that affects gas fees is traffic.

[enwi]

You are right when traffic is high and the price of Ethereum increases of course the gas fee will be high. because in my opinion what determines the increase in gas fees is traffic and price. Because all of that is related, the price increases because demand increases and many people buy at that time so that traffic increases and besides that when the price increases it is likely that many will sell to make a profit, so the main factor that affects gas fees is traffic.

I agree that Ethereum gas fees are heavily network activity driven. The gas fees increase as the network gets busier, the more buyers or sellers there are on demand. Then we could see how price increases and their transaction volumes to one another to be somewhat difficult to users with limited capital. I think that in order to soften this impact you could try and do your transaction at times when traffic is lower or use a network with lower fees. Using this strategy we are not bound by high gas fees and are still able to transact.

[bayu7adi]

You are right when traffic is high and the price of Ethereum increases of course the gas fee will be high. because in my opinion what determines the increase in gas fees is traffic and price. Because all of that is related, the price increases because demand increases and many people buy at that time so that traffic increases and besides that when the price increases it is likely that many will sell to make a profit, so the main factor that affects gas fees is traffic.

What I know is, the GAS fee is determined by the person making the transaction itself... and the model of its high and low depends on the high and low bids determined by the transaction actors... sometimes even though the transaction looks so dense, if the users who make the transaction bid on a low GAS fee, it will still be low... the emergence of high GAS fees is influenced by the bidding emotions that are overflowing, even if the transaction is not dense, it can increase the transaction fee if many users choose to use a high GAS fee... the concept is still like PoW in general, and maybe this high GAS fee will end when Ethereum 2.0 is launched.