Anyone here can explain why every TX fee is so high?
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Because the volume of transactions
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Because the network is more and more busy and some people are willing to pay higher fees to get faster validation.
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That, unfortunately, is the present reality. I am assured it would be better in no distant future. Healthy competition from reliable blockchain would go a long way to curbing it
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is there any way to lessen the fee?
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Some tech guys say that when ETHEREUM 2.0 will go live with POS consensus, fees will be lower because of more validators and fast transactions.
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Congestion on ethereum blockchain. The network is busier.
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When there is so much traffic on the ethereum blockchain, the fee will go up which means the miners are mining the transactions with high fee, in order to make your transaction go through you have to increase your gas fee.
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Coz lots of liquidity pool from DEX like uniswap and balancer…
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Ah I see. there is also a traffic in blockchain.
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Its same with all wallets
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Only at the etherium blockchain.
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