I transfer my L1 loops every week and have for a long time. But for the last few weeks, prob even over a month the cost to transfer to L2 has been more expensive than even the loops I’m trying to send.
Is this a result of activity or something and the volume is too high?
Not going to pretend to be smart enough about this but I’ve been doing this for a very long time and it’s never been this expensive to transfer to L2 for this long a period of time…
Being your own bank still comes with fees
Use the loopring wallet to buy your LRC the fees are next to nothing. Use banxa or ramp to buy usdc right into L2. If you can’t do that you can layerswap.
Layerswap has been kind of expensive for me since i don’t have much loopring to transfer. They used to support internal wallet transfer when i used to send from exchange. That way I had to pay only layerswap fee.
Wagmi is expensive.
Ethereum is a bit bullish last 4 weeks, making eth gas fees higher. It was low prior that you could easily use points.
https://etherscan.io/gastracker
Best to see if you can layerswap or use on ramp direct to l2.
Alternatively, you could buy eth, send via optimism to metamask, then orbiter from optimism to loopring, then you can send to your main loop wallet. This depends on cex, which eth tx fee is cheapest.
Can you do that with USDC instead of ETH?
It depends on the networks. using optimism > loopring you can’t. But ethereum > polygon does support usdc/usdt.
This is because orbiter has to have pools on each chain, so if not enough volume probably not worth the work to have eth as well as usdc/usdc. As adoption continues I think this will be better supported.
Best to see what lowest tx fee on your cex for eth, then use orbiter.finance to give you a quote. You don’t need to connect wallet to get quote on proposed tx.