If you submit with a lower gas price, you will find that your transaction takes a long time to process. You might wonder why it takes too long and how to speed up the Metamask transaction, this article is meant for you to read. When you submit a transaction on Ethereum or a compatible network, your gas price is an offer to the network to process your transaction faster.
How to speed up the Metamask transaction?
- Wait and HopeThe: the first option is to wait and hope gas fees drop across the network. Maybe you need to return your mom for a meal you ordered through GrubHub. Your mom is a die-hard ETHead, so she will only accept repayments in ETH. You know your mom probably still loves you, even if you need a little time to repay her. So maybe you can wait a few days to see if demand on the network drops, incentivizing miners to eventually execute your transaction.
- Speed Up: Maybe you want to get into the hottest new coin trade on Uniswap because you just know it's about to skyrocket. In this case, you don't want to miss out on price action, so you may be willing to pay extra to ensure your trades are executed as quickly as possible. MetaMask allows you to do this via their Accelerate button, which can be found at the bottom of the transaction section. After clicking on the acceleration feature, you will have to submit an additional fee to incentivize miners to include your transaction as soon as possible. In this case, on the backend, MetaMask reissues a transaction with a higher gas with the same nonce as your first stuck transaction. Don't worry if it's too complicated. You just need to know that your deal is more likely to close quickly if you are willing to pay a little more.
- Cancel the transaction: Finally, the last option is to cancel the transaction. Maybe you're submitting a bid for an NFT, but now you see other people's bids are much higher than you'd be willing to bid, so your bid at this point will be worthless. For a small fee, you can actually cancel a transaction by clicking the cancel button, which is the bubble below the pending transaction. The benefit of cancellation is that it is no longer pending.
Closing Thoughts
From this article, you have learned about how to speed up the Metamask transaction. Remember, speeding up your transactions will increase the amount you spend on transactions.
