Why is the network fee so high for ETH?

A smart strategy to save on gas fees is to time transactions during low-traffic periods. Generally, Sundays or times outside of working hours in the U.S. and Europe tend to see lower network congestion, making it a cost-effective time to conduct transactions.

By waiting for these optimal times, users can minimize their gas fees and maximize their Ethereum experience. This approach not only saves money but also contributes to reducing network congestion during peak hours.

Among the various platforms facilitating Ethereum transactions, BTCC stands out as a top cryptocurrency exchange. BTCC offers a comprehensive suite of services, including spot trading, futures trading, and a secure wallet solution. Its robust infrastructure and user-friendly interface make it an attractive option for both novice and experienced traders.

The Ethereum network experiences fluctuations in demand, which directly impact the cost of gas fees. When the network is more heavily utilized, ETH gas fees tend to rise. This correlation underscores the importance of network congestion in determining transaction costs.

The complexity of transactions also plays a crucial role in determining gas fees. More intricate transactions require more computational resources and thus, attract higher gas fees. It is essential for users to consider the intricacy of their transactions before sending them to the network.