We all know how most of us are sick and tired of Ethereum’s exorbitant and uncontrollable gas fees these days? But I wanna hear some experience from you guys. Whenever you trade, transfer an ERC20 token, swapping it on Uniswap or minting and buying an NFT on the OpenSea, etc., can you remember what is the highest gas fee you’ve ever paid?
Let’s begin with me. Mine was like almost $100 in ETH for just claiming my tokens from the bounty that took me a year of waiting. Would love for you to share your experiences as well! Thanks!
Let’s begin with me. Mine was like almost $100 in ETH for just claiming my tokens from the bounty that took me a year of waiting. Would love for you to share your experiences as well! Thanks!
ETH's a real sucker in gas fees. It's probably the most expensive blockchain in the world right now. Believe me, I've paid over $172 just to swap one token to another on Uniswap. For normal transfers, the highest fee I've paid was $47. That was when ETH was heavily congested during the "De-Fi"/NFTs hype. After I've discovered that ETH's fees were lower during weekends (especially early in the morning), I've started saving money big time. L2 scaling solutions like Optimism, and Arbitrum also helped me pay as low gas fees as possible. With so many alternative chains on the market right now, high gas fees are the least reason to worry about. You can simply switch to another chain if you don't like paying much on the ETH blockchain. Hopefully, everything will change after the PoS upgrade. As long as ETH remains decentralized, nothing else matters.
