Gas Fees
Gas fees are transaction costs you pay to miners or validators for processing your blockchain transaction. They fluctuate based on network demand and transaction complexity.
Understanding the Concept
Gas fees are the hidden tax of crypto. Want to swap tokens on Ethereum? That'll be $50 in gas during peak times. Send an NFT? $100. Execute a complex smart contract? $200+. Gas makes Ethereum unusable for small transactions. That's why Layer 2 solutions and alternative chains (Solana, Polygon) exist—they have gas fees measured in cents, not dollars. Gas is determined by supply and demand. When everyone's aping into the newest shitcoin, gas spikes. Late at night? Gas drops. Smart users time transactions during low-activity hours. High gas is a tax on impatience and poor planning.
Real-World Example
You want to buy $500 worth of a token on Uniswap. Ethereum gas is $75. You're paying 15% just to execute the trade. Instead, you wait until 3am when gas drops to $15, or you use Polygon where it's $0.50.
How Strykr Helps
Strykr tracks Gas Fees developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
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