noun
Internet Slang
gas fee
GAS FEE · noun · informal
The specific cost paid to run a blockchain transaction.
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Definitions
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The fee, denominated in the network's currency, paid to validators to process a transaction or smart-contract call; rises with network demand.
“The gas fee on that swap was higher than the swap itself.”
by community
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gas fee In A Sentence
The gas fee on that swap was higher than the swap itself.
Origin & Usage
Ethereum 'gas' pricing model; 'gas fee' is the everyday phrasing.
People Also Ask
What is a gas fee in crypto?
It's the fee, paid in the network's currency, that goes to validators for processing your transaction or smart-contract call.
Why are gas fees so high sometimes?
Gas fees rise with network demand — when many people transact at once, they bid up the price to get their transactions confirmed.
How can I lower gas fees?
Transacting when the network is quieter, or using cheaper layer-2 networks, can significantly reduce the gas fee you pay.
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