Each transaction on the Ethereum network requires computational resources to execute and therefore each transaction requires a fee. Gas refers to the fee required to successfully conduct a transaction on Ethereum.
This gas fee is charged and determined by the Ethereum network, not MetaMask.
Due to the high demand on the network to complete transactions, gas fees are high and are a problem that the Ethereum developers are working to scale.
You can learn more about gas fees and how transactions are processed on the Ethereum network here.
Can you shed some light on how these get calculated and why there is such a huge difference in gas price all at the same time?
Your site recommends checking the recommended gas price which I did. And yet mine failed and others that were significantly lower succeeded.
Etherscan.io = shows av. of 172 gwei = $8.75
Opensea chrome browser = I was cancelling a listing of an NFT = gas fee =$31.38
Opensea Edge browser different MetaMask wallet = buying an item = gas fee of $96.05
The Edge browser wallet – I had tried to buy something yesterday and my transaction ran out of gas and I lost my $$. I researched the block and there were several other completed trans actions that had much lower gas price and gas limit.
It’s certainly complicated and hard to know what gas fee is needed to complete a transaction and it fluctuates based on the demand on the Ethereum network. The more complex (i.e. NFT minting or purchase) the more costly the transaction.
Hi, Was wondering if i was swapping BEP20 BSC tokens, would the gas fees be through the ETH network or the BNB network? I’m trying to swap tokens but the gas fees are so high and in metamask they are showing the ETH logo and name
all these changes were suppose to help with regulating gas fees…
i tried to grab FREEEEEEEE NFTS
and the gas fee was $90 what the hell is that how is that even allowed???
I was furious I went directly to Vitalik twitter and ranted but I know that doesnt help anybody.
but its ridiculous I might really sell all my Eth for Solana. and Metamask does not support solana
your Gas fees are outrageous and all you say is the volume is high. thats unacceptable.
Hola amigos, les pido ayuda porfavor, compre USDT en Binance y los pase a Metamask y queria comprar PvU pero no me deja realizar la transferencia porque no tengo suficiente BNB para pagar. Alguien sabe alguna forma de pagar ese costo con los USDT que ya tengo? ni si quiera puedo canjear ninguna moneda porque el gasto tambien es en BNB … que puedo hacer?
O saben si se puede cambiar ese gasto en BNB a USDT con alguna configuracion?
