⛽ What is a Gas Fee?
⛽ What is a Gas Fee?
Every time you send crypto, swap tokens, or interact with a smart contract — you pay a gas fee.
It’s the cost of doing business on the blockchain.
🔍 Simple Definition
A gas fee is a small amount of crypto paid to the network to process your transaction. It goes to the validators or miners who keep the blockchain running.
🧠 Why Do Gas Fees Exist?
Because blockchains are decentralized, there's no one company running the servers. Instead, thousands of computers do the work — and they get rewarded with gas fees.
Without fees, people could spam the network with junk transactions.
⚙️ How Are Gas Fees Calculated?
Depends on:
The network (Ethereum, Solana, etc.)
The traffic (how busy the network is)
The type of action (sending ETH vs running a smart contract)
Example:
Sending ETH = Low gas
Minting an NFT = Higher gas
Trading on Uniswap = Even higher gas
💡 On Ethereum, gas fees are measured in gwei (1 gwei = 0.000000001 ETH)
🌐 Gas Fees by Network
Ethereum
$5 – $30+
Can spike during busy hours
Solana
~$0.00025
Very cheap and fast
BNB Chain
~$0.10
Lower cost than Ethereum
Polygon
~$0.01
Great for DeFi + NFTs
💸 Can You Save on Gas?
Yes! Here are some tips:
Avoid peak hours (high traffic = higher fees)
Use Layer 2 networks like Arbitrum, Optimism
Use Solana or Polygon for low-cost transactions
Set custom gas in your wallet (only if you know what you're doing)
🤖 What About Mandalyze AI?
When using Mandalyze AI tools (like analysis reports), you won’t pay gas fees unless you’re making an actual blockchain transaction (like staking or sending tokens).
🧪 In Summary
Gas fees are the fuel of the blockchain. They keep things running fairly — and securely.
🔥 No gas, no transaction.
🧭 continue to: What is Technical Analysis?
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