How can Ethereum handling fees be cheap? These tricks work very well

The ways to make Ethereum fees cheap are: 1. Choose to trade during off-peak hours of the network; 2. Use Layer 2 solutions, such as Arbitrum and Optimism; 3. Optimize smart contract code to reduce Gas consumption; 4. Use Gas fee prediction mechanism to trade when the fees are low; 5. Pay attention to Ethereum network upgrades and use new technologies to reduce costs.

Here are some ways to make Ethereum fees cheaper:

Choose the right trading time:

The congestion level of the Ethereum network varies from time to time, and the gas fee will also change. Generally speaking, during off-peak hours of weekdays, such as early morning to morning, network activity is relatively low and transactions are less, and the gas fees are usually cheaper. In addition, when the overall market of the cryptocurrency market is relatively flat and the transaction volume is not large, the network is relatively idle and the gas fees will be at a low level.

Using Layer 2 Solution:

Layer 2 is an expansion solution built on the Ethereum mainnet, such as Rollups (summary) and sidechains. Transaction costs can be significantly reduced by transferring large amounts of transactions to the Layer 2 network for processing and then submitting the results in batches to the main network. At present, the transaction fees of some Layer 2 networks are already very low and can even be ignored. For example, Layer 2 platforms such as Arbitrum and Optimism have attracted a large number of users to transfer transactions from the main network to these platforms to save handling fees.

Optimize smart contract code:

If developers are deploying or interacting smart contracts, optimizing contract code can reduce Gas consumption. For example, avoid using complex operations and loops in contracts, use data structures reasonably, and reduce unnecessary computing and storage, etc. By optimizing code logic, the execution efficiency of contracts is improved, thereby reducing the Gas fee required to execute contracts.

Participation Gas fee forecasting mechanism:

Some Ethereum storage or trading platforms provide Gas fee prediction capabilities. Users can trade when the Gas fee is relatively low based on these prediction information. At the same time, some platforms also allow users to set the upper limit of Gas fees. When the actual Gas fees exceed the upper limit, the transaction will not be executed, which can avoid excessive fees due to the sudden surge in Gas fees.

Pay attention to Ethereum network upgrade:

The Ethereum team will continue to upgrade and improve networks to improve network performance and reduce transaction costs. For example, the Dencun upgrade introduces "blobs" technology, optimizes data storage and transmission methods, and reduces the amount of gas required for transactions. Users follow these upgrade updates and keep abreast of new features and optimization measures, and can enjoy cheaper handling fees in the upgraded network environment.

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