During the recent bull run, people have paid 100 dollars in gas fees for transactions on Ethereum.
Here are 4 ways you can reduce your gas fees by 5 times:
Timing is key
One of the biggest factors that affect gas fees is the level of activity on the blockchain. By scheduling your transactions for times when the blockchain is less congested, you can often get much lower fees.
Use the “low” gas option.
Many wallets offer a “low” gas option that allows you to prioritize lower fees over faster transaction speeds. By selecting this option, you can often significantly reduce your fees.
Use Ethereum Layer 2s.
By using these solutions, you can save up to 100 times on gas fees compared to using the Mainnet.
Use GasHawk.io
GasHawk is a free to use tool to help you save on Ethereum gas fees by intelligently submitting your transaction when gas fees are cheap. The average cost savings are 25–30%.
By following these tips,
1. Timing the transaction.
2. Use the “low” gas option.
3. Use Ethereum Layer 2s.4. Use GasHawk.
you can significantly reduce the cost of your transactions on the Ethereum blockchain and make your transactions more affordable.