Why is the network fee so high?

  • Updated

There are a few reasons why you may be experiencing high network fees:

  • Spike in network activity
  • Your trying to execute a more complex transaction
  • High interest in the network

Spike In Network Activity

Depending on the time of day or possible events such as popular NFT mints or DeFi events, there can be a surge of users trying to process transactions at the same time causing the gas fee market to increase.

 

Your Trying to Execute a Complex Transaction

When processing a simply transactions such as sending ETH from wallet to another, you may notice the gas fees will be less than when completing a transaction such as a swap on DEX.  This type of transaction is considered complex since you are interacting with a smart contract, which in general will require more processing power resulting in higher gas fees.

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