What are the practical alternatives to reduce Ethereum gas fees?
Asked 4 years ago
Hi, I need to lower my Ethereum gas fees. Are there any alternatives of Ethereum that I can use?
Marco Bryan
Tuesday, April 26, 2022
High gas fees negatively affect many activities on the Ethereum blockchains like ERC20 token trading, micropayments, NFT markets, etc. Here are nine practical ways to reduce gas fees while achieving a faster transaction processing:
- Using the DeFi Saver dApp to simulate your transactions
- Transaction timing optimization
- Organizing and performing transactions in groups
- Leveraging dApps with gas fee subsidies. For example, Balancer provides up to 90% of gas fee refunds through BAL tokens
- Deleting storage variables on the Ethereum blockchain to earn redeemable gas tokens
- Evaluating the Ethereum network congestion to plan accordingly
- Calculating Ethereum gas fees correctly using the Etherscan Gas Tracker or Gas Now
- Leveraging Ethereum layer-two solutions like Rollups to scale up transactions
- Using digital wallets offering optimized or zero fees
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