Cryptocurrency Q&A Why is the Ethereum gas fee so high?

Why is the Ethereum gas fee so high?

Silvia Silvia Thu Jan 02 2025 | 6 answers 1535
The Ethereum gas fee is high due to several reasons. Firstly, the network congestion caused by increased transaction requests, especially from popular projects like DeFi and NFTs. Secondly, market demand fluctuations also affect the gas fee, as more transactions occur during bullish or volatile markets. Lastly, miners prioritize transactions with higher fees, further driving up the cost. Why is the Ethereum gas fee so high?

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