Why is the Gas price to send ETH so astronomically high nowadays. I've been reading threads here where people are complaining about high gas prices. Why the transaction cost is set so high? Wasnt ETH supposed to provide us with a faster and cheaper alternative than traditional banking?
The traffic is huge and its congested that’s why most of the time ETH gas fees are high but right now its cheap again maybe you can timing your transaction to have a lower fees. This issues has been raised many times and let’s hope that the ETH 2.0 will address this problem and give a better solution. We all want to save money from the fees, this should be solve.