Ethereum: Guide how to save massive on ETH gas fees – Report
GasHawk has released a tool that lets you calculate your savings potential from your Eth Address. Read on to learn more.
One of the easiest ways to avoid Ethereum gas fees is to use Ethereum projects and dApps that offer fee subsidies or nominal fees.
The Ethereum network is a powerful tool for decentralized finance and other applications, but it also comes with a cost: high and volatile transaction fees. Many users are paying more than they need to, especially for non-time-critical transactions. The GasHawk team has developed a solution to this problem: a service that monitors the network and predicts the optimal time to submit a transaction, saving users an average of 25-40% on fees.
GasHawk is designed for transactions with a time window of at least 10 minutes, and the longer the deadline, the greater the potential savings. By targeting specifically the lows in gas prices, GasHawk helps users pay the lowest possible fee for their transactions, even during periods of generally lower fees. The service is free to use and is as easy as connecting your Metamask to GasHawk’s RPC. GasHawk also provides an SDK and a REST API – find more info in their docs.
GasHawk is non-custodial, freely accessible to all, and aims to help users save money on transaction fees, optimize their transactions during periods of low fees, and prepare for future price volatility.
GasHawk is a public good for the Ethereum network and recently was a recipient of the ENS Public Goods Small Grant:
https://ensgrants.xyz/rounds/17
GasHawk is currently using this grant to give back to the community by reimbursing up to 51% of the cost of user’s Ethereum transactions – on top of the savings by GasHawk itself!
Exciting news!! 🎁
GasHawk is using the 1ETH from our @ensdomains @ENS_DAO Public Goods grant to give back to the ETH community.
Our plan is to reimburse users up to 51% of your gas fees per TX, with a max of 0.01ETH per TX and 0.1ETH per user.
Begin saving with GasHawk now!!
— gashawk.{eth, io} | save gas on Ethereum 🦇🔊 (@gashawkio) February 2, 2023
Additionally, GasHawk has just launched a new feature where users can enter their ENS or public address and be shown how much they have spent in gas fees since EIP1559 and how much they could’ve saved them:
New Feature!
Enter in your ENS or public address directly on https://t.co/WNixidphHA and we will show you how much you would’ve saved in ETH and dollar terms 💰
Drop your ENS or address here and we will respond with your estimated savings: pic.twitter.com/4GY9C3EMe8
— gashawk.{eth, io} | save gas on Ethereum 🦇🔊 (@gashawkio) February 3, 2023
Take a look at how much you could’ve saved while using GasHawk and start getting reimbursed for your transactions now!
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Filed under: Bitcoin - @ February 9, 2023 10:45 am