#CryptoFees101
📲💸 #CryptoFees101: Why Are Crypto Fees So High Sometimes?
Ever noticed gas fees spike like crazy? You're not alone. Here's why:
🔥 Network Congestion – Too many users = higher demand for block space.
⛏️ Proof-of-Work Costs – Mining isn't free (hello electricity!).
🧠 Smart Contracts – Complex DeFi transactions require more computational power.
🔄 Token Swaps – Swapping isn't just "click & done" — it touches multiple contracts.
💼 Wallets & Bridges – Each platform can tack on its own fees.
💡Tip: Use Layer 2s (like Arbitrum or Optimism) or time your transactions when traffic is low to save money