Post
Topic
Board Altcoin Discussion
Re: ETH network under congestion now?
by
OcTradism
on 04/11/2020, 02:32:51 UTC
It's not congested, I mean my eth transactions went normally and smooth. I guess you have to contact your own wallet's support if you are the receiver. If the transaction said it's success, the receiver wallet may be the problem . The way I see it, Small gwei took slower transactions but as it was already success in a blockchain, you just have to further wait a little bit more and you'll gonna receive it soon.
Fee is not cheap as it used to be months ago but cheaper than 2 months ago when DeFi tokens and contracts make the fee on ERC20 chain rose too much.

ETH/ERC20 - Check and select good Gas price
[GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Several sites to watch gas

https://ethgasstation.info/index.php
https://etherscan.io/gastracker
https://ethgasstation.info/calculatorTxV.php
https://www.gasnow.org/
https://ethgas.watch/

Nobody mention that this fee will be minimal at the moment because when you send a transaction to yourself, you need to use a minimal gas limit which is only 25000 gwei.

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.