Cryptocurrency Q&A Why is Ethereum so expensive to transfer?

Why is Ethereum so expensive to transfer?

isabella_bailey_economist Sat Dec 28 2024 | 5 answers 956

I'm trying to understand why Ethereum transactions are so costly. I've noticed that whenever I try to send Ether or interact with a smart contract, the gas fees are exorbitantly high. What factors contribute to these high costs, and is there any way to reduce them? Why is Ethereum so expensive to transfer?

Why is Ethereum so expensive to transfer?

ethereum expensive to transfer reasons

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