What are Gas Fees?
Gas fees are payments made to validators/miners for processing and validating transactions on a blockchain. On Ethereum, gas is measured in gwei.
How Gas Works
Gas = Gas Limit × Gas Price
The gas limit is the maximum computation units, while gas price is what you pay per unit.
Reducing Gas Costs
- Use Layer 2 networks (Arbitrum, Optimism)
- Time transactions during low-activity periods
- Batch multiple operations