High gas fees on the Ethereum network are causing frustration among users, with one individual paying a total of $505 USD in gas fees for various transactions. Despite the expenses, some users believe in the potential for higher rewards and are staying on the platform. The soaring gas fees have led to concerns about the stagnation of the ETH market and the emergence of alternatives like Blast. Users are experiencing significant costs for transactions, such as a quoted fee of $487 to withdraw from Aave.
Wow, I mean I know crypto is ripping, but I got quoted $487 in gas fees to withdraw from @aave damnnnn
Gas fees on eth absolutely brutal rn ngl https://t.co/yQEb2oMv37
I think the ETH market will be stagnant for a while now, as gas fees are too high. π₯΅ So, you now have Ordinals with way more volume/attention and an alternative to ETH, which is Blast in its infancy. Will ERC-404 save ETH? I just tried to swap an NFT for tokens, and itβ¦
I get that Ethereum is very expensive but many of us started there with less than $10k in 2021 High gas fees does not mean you need to go somewhere else It has often meant that the prize is bigger Gambling on @YOLO_Blast on @Blast_L2 has proven that when similar games exist on⦠https://t.co/L3bLjwcqKx
I just gave a marketplace permission to transfer my NFT, paid $100 USD in gas. Then I accepted a bid, paid $210 USD in gas. Then I swapped ETH for USDT, paid $195 USD in gas. $505 USD total, I love Ethereum.