I'm trying to understand why the transfer fees for
Ethereum are so exorbitant. It seems like every time I want to send some ETH, I have to pay a huge fee. What's the reason for this?
6 answers
CryptoPioneerGuard
Tue Dec 31 2024
ETH gas fees are notably high, stemming from various interconnected factors.
Alessandra
Tue Dec 31 2024
These factors mirror the operational constraints and demand placed on the Ethereum network.
DigitalLord
Tue Dec 31 2024
One of the primary reasons for high gas fees is network demand and congestion.
MysticStar
Mon Dec 30 2024
The popularity of Ethereum has seen a significant surge in recent times.
Tommaso
Mon Dec 30 2024
With this surge, the number of users and decentralized applications (dApps) has also increased.