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Why are Ethereum gas fees so high right now?

avatarDEResnickNov 24, 2021 · 3 years ago1 answers

Can you explain why the gas fees on the Ethereum network are currently so high? What factors are contributing to this increase in fees?

Why are Ethereum gas fees so high right now?
Ethereum
Gas Fees
Cryptocurrency

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BYDFi, as a decentralized exchange, aims to provide users with low gas fees and fast transactions. However, the high gas fees on the Ethereum network are beyond our control. The fees are determined by the network's congestion and the market dynamics. We recommend users to consider alternative blockchains or layer 2 solutions for lower fees and better scalability.

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