Post
Topic
Board Altcoin Discussion
Re: ETH 2.0 And High Transaction Fees..
by
SquirrelJulietGarden
on 12/10/2020, 07:37:25 UTC
The hype around DeFi projects is beginning to calm down, and the course of many tokens of DeFi projects has noticeably decreased. Today's commission at 30 Gwei pleases me.
I checked fee on ETH network seconds ago and the average-speed transaction requires 44 GWei as fee. In fact, hours ago in today too, the fee is at 22 Gwei. At that rate, fee dropped to the rate in July 2020 before the DeFi hype began to make fee became higher and higher and reached crazy levels few weeks ago.

Some sites to track ETH Gas
https://ethgasstation.info/calculatorTxV.php
https://ethgasstation.info/index.php
https://etherscan.io/gastracker
https://txstreet.com/
https://ethgas.watch/
https://www.gasnow.org/

Make sure to read and know steps to cancel or replace your transactions [GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Stucked transactions occur almost always on very heavily used contracts where gas limits have to be set up much higher also. When we are interacting with very complicated contract or the transaction has to be routed between a few contracts, for example: ETH - wETH - GOLD - wallet, then it makes the gas limit go higher. This is the simplest way to exchange on Uniswap, which needs at least 150.000 gwei gas limit because less will be not successful.

Suggestion: I am using 1inch exchange. You can use their CHI token to lower significantly the ETH gas fees  Wink.
                  This is a DEX aggregator, so you have all Dex exchanges in one place.


https://1inch.exchange/

Another solution is new DEX nobody talks about called Honeyswap.org


https://honeyswap.org/#/swap

Uniswap clone made on XDAI which makes transactions cost 0.0003$ and there is no network congestion problem, additionally, this is also DEX aggregator.

I think we are seeing a big Uniswap competitor here  Wink.