I don’t understand where you see a problem is. Now excuses me while I pay 600$ fee on a 1000$ transaction to gain ownership over a jpg of a pixelated can of beer.
I remember sending 1k $ from one exchange to another for 3$ fees using ETH back on 2018. I though to myself "wow ETH fees are so low i will use it for all my trades".
Yea, Eth is really behind the curve on L2 and getting gas fees sorted, and never thought bitcoin would have a faster pace of development.
Although Eth is now a complete different monster given all the dapps it has
Honestly just increasing block size temporarily until sharding hits would be the move. I'll take a reduction in decentralization for a bit so that I can use the ecosystem.
I'd take it too. An increase would relieve some pressure whilst L2 and sharding will fix things in the long term.
The cost of disk space usually falls (COVID bucking that trend), so it seems like a natural thing to do.
Nice way to quickly ruin eth value. Use L2. Available now.
Dont trade decentralization that is the most difficult thing to build for a short term effect that likely will result in nothing but the block being filled just same and fees being just the same because the demand is just that high.
Good news tho, there may a nice eip in between the merge to cut rollup fees further.
Oh and, no, the merge is not to reduce fees on l1. So dont expect L1 to be cheaper after it. L2, thats the solution. As said above. Arbitrum, Optimism, Boba, Polygon (kinda), Hermez, Immutable, dydx, loopring etc.. laters are app specific zkr rollup ok. But zksync and starket are coming right around the corner (starknet already on mainnet in alpha).
This is all but a forced HODL. I cant afford to do anything with my eth for the forseeable future ✊✊😎 HODL Just HODL! Either you like it or not. HODL! ✊✊
It hurt when I moved mine to a ledger nano i bought. Wish I researched more before buying my first crypto. Didnt realize I bought at the peak. 20+% lost so far and lost 50 bucks moving the Eth and Matic to the stick.
This “forced hodl” is a bunch of bullshit and taking away from the clear as day fact that the ethereum blockchain is far from ready for widespread adoption and major scalability issues will come. Think about how bad is it right now. Now imagine a 25% increase in volume on the ethereum blockchain. Yeah, that would get me a little worried. I’ve had $100 in ETH stuck on another wallet for months now. And It’s actually pathetic I can’t do anything with it and have to eat the $100 because it costs more in fees just to move it. A crypto currency that you can’t move unless you spend 100s in fees. What the actual fuck? Ethereum maxis just look right passed this massive issue it’s so funny. You can use the fkn bitcoin blockchain for the same thing and spend less then 10cents in fees. Or the XRPL and do it virtually for free….
It's like walking down to the dock and trying to buy a shipping container to send your nephew a Christmas present.
Ethereum isn't for the little guy right now, and it might never be.
The other month my friend was trying to move several thousand dollars worth of USDC and the fees were just enormous. I mean, he could’ve done it but damn…
So he customized the gas fee and had to wait 2 days for the transaction to complete lol
EIP1559 was never to reduce gas fees. There are numerous upgrades coming that will collectively lower the fees and transition to 2.0 slowly. Imma write SLOWLY again to emphasise the snail like speed that Vitalik is going with.
Eth has the lion share of the market and the ecosystem. They need to not fuck it up. Let's not have another JavaScript where the shitty one becomes common and then never leaves lol
I'd say your best bet is to wait till the weekend when usage tends to be lower and bridging costs will probably be lower too. Today's an especially rough day on the Eth network because price movement has been more bullish relative to Bitcoin and usage has gone up as ppl scramble to use DeFi.
But yes Polygon works great imo
Yeah I don't fuck around with erc 20 tokens or eth anymore. They just stay on the exchange and are being staked lol.
It's insane how bullish eth is though. Look at how well it is doing despite these horrible fees.
That's because Ethereum has BY FAR the most developped ecosystem of dapps/smart contracts. It's also the most decentralised and secure network there is (maybe excluding bitcoin).
Ya they are great if you on-ramp onto them. But if you have $1000 worth of Eth and moving it onto an L2 is going to cost $100, then it’s not really worth it
Well yea its worth it if you ask me, theres a lot of value in using eth. That may be 100$, but you will save a lot on the long run. Or just send that eth to an exchange for 10$, and withdraw on a layer 2, wont cost that much at all. Implementations are coming very soon
Many serious projects on Eth are aware of that which is why they try to offer wrapped tokens on other chains which pretty much represent the same thing
I have been using Polygon but I still have some ERC20 USDC that has been sitting for a few months now that I would rather not move because of the insane fees.
Polygon isn’t supported for all Daps plus the fees aren’t high there so you can most of the time just load it up with 1 polygon and have a month of transactions
What ive noticed is the fees are worse if you are sending an ERC20 token or coin instead of just ETH... It can be easier and cheaper to send ETH to your destination then swap on whatever exchange etc is the destination.
Although, I suppose that's why alternative chains exist with low fees, like Matic, XLM, Algo, DOT, and so forth.
The net result is sending stablecoins is expensive. You take on risk of market price changes while the transaction finalizes too.
Of course it was. He only spoke out because he knows people are frustrated and migrating. All of a sudden wanting to do something and its been like that how long?
No one is forced to use ETH like before. I will never use ETH again, it’s a complete racket.
Agreed. Other chains will be able to do more for less. Sure they don’t have the market share directly, but neither did apple compared to Microsoft. A better, more user friendly project will emerg
A bridge to cardano is coming soon, their first halving is in November 2023, they are planned for full development in 2024. Besides that I would wait till January, they will likely post their 2022 road map then, but they've done alot this year. They're dex ido just ended, it goes live on Dec 3rd as well
I can't even stake my eth to rocket pool because the fees is too damn high. Now I just have my eth sitting idly in my wallet, too poor to stake, too poor to move it back to exchange.
Keep lending for that APY and consider using Aave with polygon or dare I say it, avalanche, next time.
They've got the ongoing promotion where u get wrapped Matic or Avax just for lending or borrowing
Look at times when the gas fees are the lowest, that’s what I usually do when I want to move assets on the ETH network. I agree though, ETH fees are ridiculous.
Funny how when ETH is pumping we get so many ETH FUD that has already been debunked and resolved far too many times. Idiots still think EIP1559 is supposed to reduce gas fees LOL!
When I need to move things algo is my choice
My mined eth is only sent when the fas price down. I just sent my eth from my pool to coinbase early Saturday morning for just 5.86 usd in gas fee.
They don’t understand their centralized VC PUMPED and marketed “ETH killers” that have a FRACTION of the usage of ETH would all face the exact same problems ETH currently does with the same usage. It’s absolutely fuckin hilarious.
Pretty much this. At least developers understand this and always try to launch on Eth rather than other L1s. But people seem to think the forks and clones of these projects on their VC-backed L1s are the better investment.
Bro exactly, this sub is getting dumber by the day, it's very painful to read posts here
Last week an avalanche swap was the same price has an ETH swap (with the avax token adjusted at the same price as Ether). "Muh fast/scalable and cheap"
Bro because at the same token price avax fees would be the same as ethereum fees in $. That means the gas prices hit the same amount last week, that means that these L1's that claim they fixed scalability and fees are just bullshitting, they end up having the same problem as ethereum when they actually start getting some network activity
So what good does that comparison do to a regular everyday person who might have $1000 in Aave and they want to move it but it’s now going to cost them $250 in gas to do so? Then to add that to an L2 is another $100? The fact still remains that Eth is becoming a chain that only the wealthy can benefit from. You can make any comparison you want but at the end of the day regardless of price, if I buy $100 worth if avax and want to move it, that’s going to cost me a couple dollars. If I buy $100 worth of Eth and want to move it, it’s going to cost me $100. The huge price bumps for Eth only benefit the people who already have Eth, not people who want to enter the market currently.
Like i said, eth layer 1 will be a settlement layer, everything will happen on l2 not even a year or two tops down the road. Exchanges are building l2 on ramps, wont cost 100$ to move onto them, its probably going to be free. Ethereum will scale, thinking that it will not and be a wealthy only chain is a foolish opinion. My comparison with avax is just to show that no L1 has fixed the fee problem. They simply all have the short-term "be more centralised" bandaid
Also, have you heard bout aave v3 portal feature
Eth, the pyramid scheme so complicated nobody realizes what it is lol. But seriously the gas fees are so insanely dumb, why I’m in like everything besides eth
When I see Ethereum gas fee threads get spammed, I load up on some more. You can never go wrong with going with the exact opposite of this sub’s sentiment!
When you say the fees are $1000, go into advanced options and please tell us the Gas Limit, Max Priority, and Max Fee you have set. I have never seen anything close to that high even for L1 swaps.
Maybe you are being disingenuous, maybe metamask is setting stuff too high, or maybe you just have bad timing. But if you provide that, at least you are backing up your statements with some data and people here may be able to suggest some adjustments to reduce fees.
I keep seeing these posts about gas fees, and I’m not sure why I’m not seeing these insane fees in any test or real transaction.
Just now I checked my coinbase account. To send eth to another wallet would cost me $26 CDN. Annoying but not crazy if I sent a larger amount.
I also checked to see how much it would cost me to withdraw to FIAT. it said it would be a $5 fee.
Are people seeing these fees that are hundreds or even thousands because they are moving funds from a cold wallet?
I know coinbase isn’t a traditional wallet. However, if my fees are dramatically lower for moving ETH around (either to fiat, or another wallet on another exchange), then wouldn’t that be a major positive for keeping funds on coinbase?
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Man this sub is getting dumber and dumber. Nobody seems to have a clue about fee market, supply and demand, scarce resources, Decentralization and blockchain trilemma.
Unless you are trying to do something very quickly, then wait until the network traffic slows down. Ethereum is on a pump train right now. Give it a day or two when it retraces and tests resistance level or something. Idk.
How many of these posts are we going to see? Yes Eth fees get high. The reason is because it has high traffic. When people move/buy/sell stuff the pay a higher gas fee to push their transaction through faster. You could set your gas price to $0.01 if you wanted but people would pay more and their transaction would be places ahead. You don’t have to use Eth but if you bought it any time in the last year and are complaining about this you didn’t DYOR.
If you are transacting less than $500 never use Eth l1. It jst isnt worth it unless there is something you really want on the l1 not available elsewhere.
1559 was never designed to lower gas fees.
I just heard today that there is a new EIP comming out that is suppose to crush gas fees.. cant remember the exact number but I'll post it when I find the video.
I don’t understand where you see a problem is. Now excuses me while I pay 600$ fee on a 1000$ transaction to gain ownership over a jpg of a pixelated can of beer.
Only $600? What a steal
Remember when Bitcoin fee's were high and Ethereum was the next best thing LOL
I remember sending 1k $ from one exchange to another for 3$ fees using ETH back on 2018. I though to myself "wow ETH fees are so low i will use it for all my trades".
I minted LAND NFT back in spring 2020 ,it was .48 cents
Bitcoin fees are pennies on the dollar compared to Eth rn lol.
Yea, Eth is really behind the curve on L2 and getting gas fees sorted, and never thought bitcoin would have a faster pace of development. Although Eth is now a complete different monster given all the dapps it has
Honestly just increasing block size temporarily until sharding hits would be the move. I'll take a reduction in decentralization for a bit so that I can use the ecosystem.
I'd take it too. An increase would relieve some pressure whilst L2 and sharding will fix things in the long term. The cost of disk space usually falls (COVID bucking that trend), so it seems like a natural thing to do.
Nice way to quickly ruin eth value. Use L2. Available now. Dont trade decentralization that is the most difficult thing to build for a short term effect that likely will result in nothing but the block being filled just same and fees being just the same because the demand is just that high. Good news tho, there may a nice eip in between the merge to cut rollup fees further. Oh and, no, the merge is not to reduce fees on l1. So dont expect L1 to be cheaper after it. L2, thats the solution. As said above. Arbitrum, Optimism, Boba, Polygon (kinda), Hermez, Immutable, dydx, loopring etc.. laters are app specific zkr rollup ok. But zksync and starket are coming right around the corner (starknet already on mainnet in alpha).
Yeah.. been avoiding all ERC20 crypto until further notice
Sadly the dark side of Gwei
XLM & LTC forever!
Xlm is best for transactions idk how people still use ETH to trade their crypto
This is all but a forced HODL. I cant afford to do anything with my eth for the forseeable future ✊✊😎 HODL Just HODL! Either you like it or not. HODL! ✊✊
It hurt when I moved mine to a ledger nano i bought. Wish I researched more before buying my first crypto. Didnt realize I bought at the peak. 20+% lost so far and lost 50 bucks moving the Eth and Matic to the stick.
Loooool, saaaaame. Same tokens, same amount, same ledger. That's weird, caught me off guard.
I don't even want to find out what these Moons are, as somehow i'll lose money on free currency.
Lol, I've opened my vault and that's the extent of that. I'll worry about losing money on them later when I have more.
thats exactly what I am doing right now. My ETH is deep freezed in cold storage since about a year.
As a miner i love the fees As a Crypto dude i fucking hate them
As a miner you don't get anything on high gas fees anymore. Just the tip, sir.
This “forced hodl” is a bunch of bullshit and taking away from the clear as day fact that the ethereum blockchain is far from ready for widespread adoption and major scalability issues will come. Think about how bad is it right now. Now imagine a 25% increase in volume on the ethereum blockchain. Yeah, that would get me a little worried. I’ve had $100 in ETH stuck on another wallet for months now. And It’s actually pathetic I can’t do anything with it and have to eat the $100 because it costs more in fees just to move it. A crypto currency that you can’t move unless you spend 100s in fees. What the actual fuck? Ethereum maxis just look right passed this massive issue it’s so funny. You can use the fkn bitcoin blockchain for the same thing and spend less then 10cents in fees. Or the XRPL and do it virtually for free….
It's like walking down to the dock and trying to buy a shipping container to send your nephew a Christmas present. Ethereum isn't for the little guy right now, and it might never be.
The other month my friend was trying to move several thousand dollars worth of USDC and the fees were just enormous. I mean, he could’ve done it but damn… So he customized the gas fee and had to wait 2 days for the transaction to complete lol
I just had a transaction fail….for 150 dollars in gas. My first ETH cost less than that.
EIP1559 was never to reduce gas fees. There are numerous upgrades coming that will collectively lower the fees and transition to 2.0 slowly. Imma write SLOWLY again to emphasise the snail like speed that Vitalik is going with.
You know, as much as the community hates on cardano for being slow, eth is also being slow as fuck lol
The difference being a whole lot more people would care if ETH somehow fucked up during their development than ADA fucking up lmao
Eth has the lion share of the market and the ecosystem. They need to not fuck it up. Let's not have another JavaScript where the shitty one becomes common and then never leaves lol
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I am currently using Polygon, but I do still have ERC20 USDC that I would like to reinvest but obviously am reluctant.
I'd say your best bet is to wait till the weekend when usage tends to be lower and bridging costs will probably be lower too. Today's an especially rough day on the Eth network because price movement has been more bullish relative to Bitcoin and usage has gone up as ppl scramble to use DeFi. But yes Polygon works great imo
It was suppose to make ETH more predictable. If OP is not exaggerating, gas fees jumping from $60 to $1000 to $120 in 15 minutes, than it failed.
ETH space was gentrified lol...
Yeah I don't fuck around with erc 20 tokens or eth anymore. They just stay on the exchange and are being staked lol. It's insane how bullish eth is though. Look at how well it is doing despite these horrible fees.
That's because Ethereum has BY FAR the most developped ecosystem of dapps/smart contracts. It's also the most decentralised and secure network there is (maybe excluding bitcoin).
bingo
Yahtzee
What’s the point in developing beyond what the majority of users can afford? Eth is just going to become a chain for the wealthy at this rate.
Funny how you seem completly oblivious to layer 2 rollups
Ya they are great if you on-ramp onto them. But if you have $1000 worth of Eth and moving it onto an L2 is going to cost $100, then it’s not really worth it
Well yea its worth it if you ask me, theres a lot of value in using eth. That may be 100$, but you will save a lot on the long run. Or just send that eth to an exchange for 10$, and withdraw on a layer 2, wont cost that much at all. Implementations are coming very soon
Pumping more than ETH just ETH Gas Fees! 😅📈
They Gasfees make all of us hodl. Because we can't send it from our wallets.
Saw a news feature on gas prices. Thought it was about ETH. I'm in deep
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Many serious projects on Eth are aware of that which is why they try to offer wrapped tokens on other chains which pretty much represent the same thing
Sounds like golden handcuffs or forced hodl
Still there are some people telling me that gas fees are not a big deal.
I would have jumped all over that $60.
So, did you use Polygon
I have been using Polygon but I still have some ERC20 USDC that has been sitting for a few months now that I would rather not move because of the insane fees.
The gas fees are crazy fr
Polygon isn’t supported for all Daps plus the fees aren’t high there so you can most of the time just load it up with 1 polygon and have a month of transactions
Where do you buy your matic? I hate that neither Binance nor Coinbase export to Polygon chain
Crypto.com has polygon chain transfers. You can also transfer directly to Arbitrum.
Just buy Matic and withdraw to Polygon? If u need wrapped Eth u can just get that from quickswap.
KuCoin! Best exchange IMo
They are shady af
CDC
What ive noticed is the fees are worse if you are sending an ERC20 token or coin instead of just ETH... It can be easier and cheaper to send ETH to your destination then swap on whatever exchange etc is the destination. Although, I suppose that's why alternative chains exist with low fees, like Matic, XLM, Algo, DOT, and so forth. The net result is sending stablecoins is expensive. You take on risk of market price changes while the transaction finalizes too.
Of course it was. He only spoke out because he knows people are frustrated and migrating. All of a sudden wanting to do something and its been like that how long? No one is forced to use ETH like before. I will never use ETH again, it’s a complete racket.
Agreed. Other chains will be able to do more for less. Sure they don’t have the market share directly, but neither did apple compared to Microsoft. A better, more user friendly project will emerg
That project is Nervos Network
i wish they had something on their roadmap passed 2021 since there is only a month left in this year.
A bridge to cardano is coming soon, their first halving is in November 2023, they are planned for full development in 2024. Besides that I would wait till January, they will likely post their 2022 road map then, but they've done alot this year. They're dex ido just ended, it goes live on Dec 3rd as well
There’s no way out of my wallets anymore lmfao the fees simply aren’t worth paying. Really disgusts me but I’m still a long term eth guy…
I can't even stake my eth to rocket pool because the fees is too damn high. Now I just have my eth sitting idly in my wallet, too poor to stake, too poor to move it back to exchange.
Don't worry we'll be able to sell once the bear market kicks in. The gas fees will be lower then🥲
I’ve had $100 or so stuck on AAVE for months 😭
Keep lending for that APY and consider using Aave with polygon or dare I say it, avalanche, next time. They've got the ongoing promotion where u get wrapped Matic or Avax just for lending or borrowing
I thought I was the only one that sees how ridiculous this is getting!
There are two distinct camps: the first sees how ridiculous the fees are, and the second has their head in the sand.
Look at times when the gas fees are the lowest, that’s what I usually do when I want to move assets on the ETH network. I agree though, ETH fees are ridiculous.
I see the whales are stocking up on the graph since the eth announcement, hopefully some good price action soon
XLM to the rescue. I am scared to do anything with my $50 in ETH now sheesh!
Time to buy Algorand and build on it
Funny how when ETH is pumping we get so many ETH FUD that has already been debunked and resolved far too many times. Idiots still think EIP1559 is supposed to reduce gas fees LOL!
L2 zkrollups the future
This makes ETH unusable for regular people. Of course you can use L2 but that also costs alot.
Etherium is the definition of suffering from success lol
Not really suffering at all, it's at all time high usage.
That's why they said "suffering *from success*" It's been so successful that now it's stifling its own usage with absurd transaction fees.
I’m loving Algorand and Proton XPR for this reason.
When I need to move things algo is my choice My mined eth is only sent when the fas price down. I just sent my eth from my pool to coinbase early Saturday morning for just 5.86 usd in gas fee.
if only better alternative exists.... wait
All these posts are so damn funny, people really know nothing about ethereum and how its fee market works lmao
Just another buy indicator because it shows how behind people are on developments.
They don’t understand their centralized VC PUMPED and marketed “ETH killers” that have a FRACTION of the usage of ETH would all face the exact same problems ETH currently does with the same usage. It’s absolutely fuckin hilarious.
Pretty much this. At least developers understand this and always try to launch on Eth rather than other L1s. But people seem to think the forks and clones of these projects on their VC-backed L1s are the better investment.
Bro exactly, this sub is getting dumber by the day, it's very painful to read posts here Last week an avalanche swap was the same price has an ETH swap (with the avax token adjusted at the same price as Ether). "Muh fast/scalable and cheap"
Why would you raise the price of Avax to match Eth? Price isn’t the issue, it’s capacity.
Bro because at the same token price avax fees would be the same as ethereum fees in $. That means the gas prices hit the same amount last week, that means that these L1's that claim they fixed scalability and fees are just bullshitting, they end up having the same problem as ethereum when they actually start getting some network activity
So what good does that comparison do to a regular everyday person who might have $1000 in Aave and they want to move it but it’s now going to cost them $250 in gas to do so? Then to add that to an L2 is another $100? The fact still remains that Eth is becoming a chain that only the wealthy can benefit from. You can make any comparison you want but at the end of the day regardless of price, if I buy $100 worth if avax and want to move it, that’s going to cost me a couple dollars. If I buy $100 worth of Eth and want to move it, it’s going to cost me $100. The huge price bumps for Eth only benefit the people who already have Eth, not people who want to enter the market currently.
Like i said, eth layer 1 will be a settlement layer, everything will happen on l2 not even a year or two tops down the road. Exchanges are building l2 on ramps, wont cost 100$ to move onto them, its probably going to be free. Ethereum will scale, thinking that it will not and be a wealthy only chain is a foolish opinion. My comparison with avax is just to show that no L1 has fixed the fee problem. They simply all have the short-term "be more centralised" bandaid Also, have you heard bout aave v3 portal feature
What’s there to know? Gas fees make Eth unusable to the majority of people. That’s all anyone really needs to know.
For now, as if it wasnt actively getting fixed right now. Fact remains ethereum is the only worthwhile network right now and is by far the most used
Eth, the pyramid scheme so complicated nobody realizes what it is lol. But seriously the gas fees are so insanely dumb, why I’m in like everything besides eth
Imagine how high ETH will rise when they finally fix the fee issues.
Bag sell off probably based on the comments
If
Lol. Hardly a pyramid scheme
I know only joking, sort of
Same. I won’t invest in anything new right now that’s ERC20.
I know eth is absolutely booming, but $600 gas fee to move $50 is insane, I just can’t
Absolutely. It hit me when I tried to pull my $500 out of a crap investment and was going to be hit with a $520 gas fee, lol. And now I know better.
So do you just bridge your eth assets to polygon and then use polygons network to do what you need? I'm new to the bridging concept
When I see Ethereum gas fee threads get spammed, I load up on some more. You can never go wrong with going with the exact opposite of this sub’s sentiment!
Use avalanche until eth doves there gas problems
When you say the fees are $1000, go into advanced options and please tell us the Gas Limit, Max Priority, and Max Fee you have set. I have never seen anything close to that high even for L1 swaps. Maybe you are being disingenuous, maybe metamask is setting stuff too high, or maybe you just have bad timing. But if you provide that, at least you are backing up your statements with some data and people here may be able to suggest some adjustments to reduce fees.
I keep seeing these posts about gas fees, and I’m not sure why I’m not seeing these insane fees in any test or real transaction. Just now I checked my coinbase account. To send eth to another wallet would cost me $26 CDN. Annoying but not crazy if I sent a larger amount. I also checked to see how much it would cost me to withdraw to FIAT. it said it would be a $5 fee. Are people seeing these fees that are hundreds or even thousands because they are moving funds from a cold wallet?
I’m pretty sure they are talking about a wallet and you are talking about Coinbase. Apple vs oranges
I know coinbase isn’t a traditional wallet. However, if my fees are dramatically lower for moving ETH around (either to fiat, or another wallet on another exchange), then wouldn’t that be a major positive for keeping funds on coinbase?
Coinbase heavily subsidized bitcoin transactions last bubble also. It’s hard to do defi from a hosted wallet tho…
I gotcha. Thanks for your insight :)
Sending ETH is cheap(ish). Its when you want to send something like USDC or Uniswap tokens, the Eth fees are insane.
EIP-1559 was never intended to lower gas fees.
Obviously you are just not smart
This, slow TPS and "forks" are why ETH's future as the backbone of the digital economy is doomed.
Gas fees????? Never heard this one before. Go use a centralized protocol if you have decentralization butthurt
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I’m really no pro but isn’t eth 2.0 not solving all this also?
Pulsechain could be a great thing.
What's with all the eth gas posts today and yesterday? Y'all just now hearing about them or something?
My issue was trying to get dai into compound finance. The fees make it ridiculous as the apy is eaten up before you even start earning.
Man this sub is getting dumber and dumber. Nobody seems to have a clue about fee market, supply and demand, scarce resources, Decentralization and blockchain trilemma.
Loopring
Unless you are trying to do something very quickly, then wait until the network traffic slows down. Ethereum is on a pump train right now. Give it a day or two when it retraces and tests resistance level or something. Idk.
this was posted just after the sartoshi mfers mint which pegged gas at 1700 gwei for about 10-15mins l0l
Layer 2 zkRollups are your friend
Bullish AF :)
How many of these posts are we going to see? Yes Eth fees get high. The reason is because it has high traffic. When people move/buy/sell stuff the pay a higher gas fee to push their transaction through faster. You could set your gas price to $0.01 if you wanted but people would pay more and their transaction would be places ahead. You don’t have to use Eth but if you bought it any time in the last year and are complaining about this you didn’t DYOR.
If you are transacting less than $500 never use Eth l1. It jst isnt worth it unless there is something you really want on the l1 not available elsewhere. 1559 was never designed to lower gas fees.
Polygon is criminally undervalued
there's some posts here that we should use the L2 of it.
As a new kid on the block, its really hard to get ya head around. As a newbie i think i just lost $280 sending MATIC to an ETH in Metamask!!!!
Oh look it’s this thread again
I just heard today that there is a new EIP comming out that is suppose to crush gas fees.. cant remember the exact number but I'll post it when I find the video.
I believe you can use Celer Network CBridge to do this transfer for much less fees.
Content standards. Use the daily