Why are forsage gas fees (Transaction Fees) so high?
Smart Contracts & De-Fi (Decentralize Finance) Projects are very popular right now and the ETH Blockchain is overloaded.
It can only handle 20 transaction per second. When this happens fee go up.
Normal fees are 10-30, average fees are 30-50 but right now they are 250 and above.
When fees are high you can wait until later to process your transaction.
Hopefully ETH 2.0 will launch soon and solve the problem.
Once eth 2.0 is launched we will have a very low gas fee to execute smart contract transaction in ethereum
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