Gas fees

[bitcoin-shark]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

[bitmover]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

For now, the fee to transfer eth is about 1.50 usd

You can check here
https://etherscan.io/gastracker

The reason is because of the bull market. Many people sending tokens everywhere, too many dex volume, and even eth transfers. Network is just congested.

[debra]

Yes, that's right, because the higher the price of ETH and the more crowded the Ethereum network, the higher the transaction fee will be and this is very common. and this is what makes ETH increasingly abandoned for network and blockchain selection because of its high fee. I see in the gas tracker, the transaction fee is around 22,197 gwei, and it will be much higher if the nominal token or ETH we send is much larger, it will multiply again. and now, we are starting to enter the altcoin season, it is better if you have ETH in another wallet or token with ERC20, then you should start paying in installments for the transfer, because in the future the transfer fee will likely increase even more.

Ah ya, I get the data from here, too:
https://etherscan.io/gastracker

[Azharul]

Yes, that's right, because the higher the price of ETH and the more crowded the Ethereum network, the higher the transaction fee will be and this is very common. and this is what makes ETH increasingly abandoned for network and blockchain selection because of its high fee. I see in the gas tracker, the transaction fee is around 22,197 gwei, and it will be much higher if the nominal token or ETH we send is much larger, it will multiply again. and now, we are starting to enter the altcoin season, it is better if you have ETH in another wallet or token with ERC20, then you should start paying in installments for the transfer, because in the future the transfer fee will likely increase even more.

Ah ya, I get the data from here, too:
https://etherscan.io/gastracker

I think that you also create an excellent comment in your post. I am also agree with your best valuable opinion. Because we know that ETH is one of the best profitable crypto in cryptocurrency market. But we also see that ETH gas fee is also large in this time. So i believe that it’s the best problem for ETH users. Because when we transaction in others exchange or wallet, we also face in large fee on ethereum transaction. So i believe that within a short time ETH fee will decrease for all users. 

[ZAINmalik75]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

Because there are many tokens are getting listed on decetralized exchanges and in order to trade them people are spending ETH as fee and buying and selling with time this has congested the network more so the fee is high. Other than this explanation ETH fee can be high because of high ETH rates.

I did not saw $16 fee on any ETH product but sending ETH from wallet to wallet is still cheap than BTC and worth it. Gas fee won't be a problem for long time beacause with advance methods they are trying to reduce the fee too.

[vegasus]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

I remember during the last bullish season, even Ethereum gas was up to hundreds, I don't know how to track Ethereum gas history, but at that time it was really too high. In fact, I just let my ERC20 token rot in my wallet because it was not worth it to be transferred to exchanges because of the high gas fee at that time. Hahaha, and now, the gas fee has started to increase. Usually, it is still below 10gwei, it's just that, since crypto started to start bullish, the gas fee has also increased.

I agree with some of the comments here, because the more transfer activities on the blockchain, and also network blocks, yes, the transfer fee is getting higher. And oh yeah, but this is starting to get better than last season, even when the price of ETH had started to reach $ 4k, it turned out that the gwei gas fee was not that high, up to tens or hundreds. So, if you still have ETH or Ethereum tokens, it's better to transfer them immediately before they go up even further.

[taufik123]

It's no wonder that the price of ETH is now bullish and wants to reach ATH again. The price of ETH broke through $4k again and of course the fees will be more expensive.
The surge in transactions is also increasing, so it takes a lot of fees to be able to execute the transactions you make.

I'd rather stay quiet and wait for the gas fee to go down to get a normal gas fee, but if you're making an important transaction and it's worth thousands of dollars, the $4-$16 fee is even a small fee.

[rdluffy]

Wait until some protocol that generates high demand appears for a few days and you'll see how much the rates can go up hehehe
The last time I saw a spike on the ETH network was on EigenLayer where I spent around 30 to 50 dollars to make 2 transactions hehehe
And what's more, it wasn't worth the return 

Transfer ETH is not so expensive.
Try to approve a spend, do the swap and a smart contract, you'll probably spend more than 10 USD 

[armanda90]

Recently for sending eth or erc20 coins not take much fees based on OP experienced, here my recently checking at etherscan and looks friendly for fees transaction by sending Ethereum or any coins with ERC20 network. You only spend $1 to $1,5 regarding your kinds transaction as low, average and high depend how faster sending transaction you take.

But need much fees for swap, NFT sale until bridge by using erc20 network, you can wait at the early morning usually have moment with fee of ethereum transaction most cheaper than usually. Right now gas fees around 12 gwei and looks too high than usually taken under 10 gwei and spending small fees for transaction.

[Gurujebs]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

This is the lowest I have seen during the bull run or perhaps the one you saw when you check etherscan. The transaction fees are not stable, they fluctuate which is depending on how busy the network is at that time, if the network experience surge in transactions, the fee automatically increases and the same when the network is low with transactions.

There is increase in Ethereum price recently and surge in erc20 tokens too, you should expect the network to be busy as people move their assets from one wallet address and to another and subsequently increase in transaction fees. It will go lower if the network becomes less busy.

[libert19]

When talking about Ethereum gas fees, it's better to talk in gwei instead of dollars, having Ether price increased lately makes gas fees in dollars naturally higher even if in gwei measurement remained same.

Back in 2021, Ethereum gas prices peaked to hundreds gwei, that was insanity, what's mentioned in op is still normal.

[salad daging]

But need much fees for swap, NFT sale until bridge by using erc20 network, you can wait at the early morning usually have moment with fee of ethereum transaction most cheaper than usually. Right now gas fees around 12 gwei and looks too high than usually taken under 10 gwei and spending small fees for transaction.

The average gwei is now 14-15 in my opinion it is still high if you want to do swaps or bridge assets from ETH to other networks this is quite burdensome for those who will do small transactions.

At the moment there may still be no solution to lower the gwei except to wait so that when we do it immediately.

[hugeblack]

The average swap fee is $24.23 while the current highest transaction fee is 18.672 gwei or less than $2. So I think the long term fees problem still exists in Ethereum and the move to POS has reduced the impact of high fees but it has not solved the problem completely.

[bitmover]

The average swap fee is $24.23 while the current highest transaction fee is 18.672 gwei or less than $2. So I think the long term fees problem still exists in Ethereum and the move to POS has reduced the impact of high fees but it has not solved the problem completely.

Dex are very expensive in ethereum ecossytem

I see 2 reasons to use them. To buy coin which you can't buy in any cex (basically for free instead of 25 usd).

And the other reason is to have more privacy , and to avoid taxes...

Other than that, those eth dex are so expensive that it comes hard to use them.

[joniboini]

The average gwei is now 14-15 in my opinion it is still high if you want to do swaps or bridge assets from ETH to other networks this is quite burdensome for those who will do small transactions.

Cheaper fees are welcomed. That being said, just like consolidating inputs on Bitcoin, I don't swap my tokens to other chains unless it's more than $100. Even on L2, the contract fees are expensive IMO, it doesn't help that the market is booming with activity right now. I don't think it's possible to completely remove this congestion issue. They should definitely figure out how to make smart contracts execution cheaper at least.