After the Ethereum merge, the investors hoped for reduced gas fees on the Ethereum network. Instead, many users made overly charged gas fee transactions. Starting with today’s example of 13 Feb, a single transaction on the network was charged with 42.88 ETH gas fees, worth more than $113531.
Ethereum’s gas fee concerns are getting out of hand, where this time, a user had to spend 42 ETH to transfer 10 ETH. People are questioning the sense of such a transaction where the fee is four times the transaction itself.
It hasn’t happened for the first time, as many similar past events are also in the records. Last year, an investor paid 64 ETH worth $118,600 for a single transaction.
After the merge, we didn’t see many unreasonably high gas fees, but even the few examples were a lot to handle because of the large amount people had to pay.
Ethereum was known to be the future of transactions, but events like this are pushing people to more layer 2 solutions like Polygon and Arbitarum. B
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