What strategies can I use to minimize the impact of high gas fees shown on the ETH gas fee chart?

3 answers

• Jan 13, 2022 · 3 years ago
  One strategy to minimize the impact of high gas fees is to use layer 2 solutions such as the Ethereum's Optimistic Rollups or the Polygon network. These solutions allow for faster and cheaper transactions by processing them off-chain and then settling them on the Ethereum mainnet. By utilizing these layer 2 solutions, you can significantly reduce the gas fees associated with your transactions.
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• Jan 13, 2022 · 3 years ago
  Another strategy is to optimize your transactions by batching them together. Instead of making multiple small transactions, you can combine them into a single transaction. This reduces the number of transactions you need to make and can help lower the overall gas fees. Additionally, you can also consider using gas price optimization tools to find the most cost-effective gas prices for your transactions.
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• Jan 13, 2022 · 3 years ago
  At BYDFi, we understand the concerns of high gas fees. One strategy we recommend is to leverage decentralized exchanges (DEXs) that operate on layer 2 solutions. These DEXs, such as SushiSwap on the Polygon network, offer lower gas fees compared to traditional exchanges. By trading on these DEXs, you can minimize the impact of high gas fees and enjoy more cost-effective transactions.
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