Gas Price
eth · fee
The fee rate paid per unit of gas on EVM chains, usually quoted in gwei and used to price transaction execution.
Gas price is the fee rate applied to the gas a transaction actually uses. On legacy EVM fee markets, total cost is gas used multiplied by gas price; on EIP-1559 chains, the effective price combines a protocol-set base fee with a user-chosen priority fee.
Users can choose a maximum fee they are willing to pay and a priority fee that rewards validators for inclusion. Paying more can improve confirmation speed during congestion, but overpaying does not make the transaction use less gas.
Related terms
Gas
→The metered unit of computational work on EVM chains, paid in the native token to run transfers and smart contracts.
eth · fee
Ethereum Virtual Machine (EVM)
→The EVM is the deterministic runtime that executes smart contract bytecode on Ethereum and EVM-compatible networks.
eth · platform · smart contract
Gwei
→An ETH denomination equal to one billion wei, commonly used to quote gas fee rates on Ethereum-like chains.
eth · unit