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/biz/ - Business & Finance

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21318612 No.21318612 [Reply] [Original]

Can someone explain to me why ETH gas fees are so fucking high right now?

>> No.21318689

>>21318612
jews

>> No.21318771
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21318771

>>21318689

>> No.21318861
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21318861

>>21318689

>> No.21318891

>>21318612
Yams unironically.

>> No.21319029

>>21318612
I don't understand either. How are gas prices determined? It's not just due to eth having increased its value, since it's done roughly a 2x over the last 1-2 months but gas prices are far higher than just a 1-2x from before

>> No.21319086

(((THEY))) are buying eth to buy withdraw link

>> No.21319141
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21319141

>> No.21319293

>>21319029
ethereum can only process so many transaction per second, and that processing has a cost that go to the miners.
When the network gets congested bc everyone is trading and "farming" the price of having your transaction go through increases.
This problem will only get worse as defi becomes more popular and ETH 2.0 gets delayed


This is why you should use Stakenet when it is released
search the archive if you haven't heard about this yet. 2 years of development, being launched this month. It will be the salvation for the sinking ship of costs that is uniswap