How ETH gas fees work in simple words ⛽️⚡️
On Ethereum every action costs gas which is basically the fuel needed for the network to process your transaction
You always pay in ETH and the fee is calculated like this Total fee = gas used × gas price
Gas used is how heavy the action is A simple ETH transfer uses little gas A swap NFT mint or DeFi move uses more gas because the contract does more work
Gas price is what you are willing to pay per unit of gas It’s shown in gwei where 1 gwei equals 0.000000001 ETH
Fees change a lot because Ethereum works like a bidding market When the network is busy people pay higher gas to get included faster When it’s quiet fees drop
Modern Ethereum uses EIP 1559 meaning your fee has a base fee and an optional tip The base fee is required and gets burned which reduces ETH supply The tip goes to validators to speed up your transaction You set a max fee so you don’t overpay and if the base fee is lower than your max you only pay what’s needed
If you want cheaper fees use Layer 2 networks like Arbitrum Optimism Base or zkSync or send transactions when the network is less busy like weekends or off peak hours
ps Tonight @ Giovanni - TEAM MATRIX got his Live in a few hrs
and Tommorow me :)