The price of gas is dynamic and is essentially a product of demand: the more people that are trying to get their transactions processed by the network, the higher it will be. There’s no way around paying gas fees if you want to use a network.
However, if you have a bit of time and flexibility, you may be able to reduce costs:
- You can try to lower gas fees in your transaction settings. Please keep in mind that overriding GPEX Clip’s suggested gas settings with a much lower total will result in your transaction being processed very slowly, and could even result in you wasting your money if it becomes ‘stale’ and isn’t picked up at all.
- Develop an understanding of peak times. Although crypto is global, peaks will typically be during the waking hours of the North American continent (between UTC-5 and UTC-8), which you could plan to avoid.
- Investigate alternative networks. You can use GPEX Clip to take advantage of the multi-chain web3 that is emerging. Whether you stay directly within Ethereum’s orbit on layer 2s, or emigrate to one of many EVM-compatible chains, there are cheaper alternatives (though you will have to bridge tokens to them first).
For current network gas conditions, see https://etherscan.io/gastracker.
