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Glossary / Gas fee

Gas fee

Gas is the fee paid to a blockchain to process a transaction, paid in the chain's native coin.

Why it matters

Fees vary with congestion; layer-2 networks and Solana are far cheaper than Ethereum mainnet.

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Related terms

Ethereum (ETH)Ethereum is a blockchain that runs programs called smart contracts. ETH is its native coin…Layer 2A layer 2 is a network built on top of a blockchain (often Ethereum) that bundles transact…MempoolThe mempool is the waiting room of unconfirmed transactions before they are added to a blo…

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Written by the VaultX AI team. Educational only, not investment advice.

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