Understanding Gas Fees

Learn about blockchain transaction costs and how to optimize them

Understanding Gas Fees

Gas fees are transaction costs paid to process operations on blockchain networks. Understanding them helps you save money and avoid failed transactions.

What Are Gas Fees?

Think of gas like the processing fee for blockchain transactions:

• Required for all blockchain operations
• Paid in the network’s native token
• Varies based on network congestion
• Different for each type of action

Gas on Different Networks

Base Network (Recommended)

TokenFabric recommends Base for most users:

• Lower gas costs ($0.01-0.05 per transaction)
• Fast processing
• Ethereum security
• Optimized for TokenFabric

Ethereum Mainnet

• Higher security
• More expensive ($2-100+ per transaction)
• Better for high-value transactions
• Wider adoption

Start with Base Network if you’re new. It offers the best balance of cost and functionality for most users.

Understanding Gas Costs

Common Operations

Approximate costs on Base Network:

1. Basic Transfers

   • Send tokens: $0.01-0.05
   • Approve contracts: $0.02-0.10
   • Cancel transactions: $0.01-0.03

2. Token Operations

   • Create token: $0.10-0.50
   • Swap tokens: $0.05-0.20
   • Bridge assets: $0.10-0.30

Costs are estimates and can vary based on network conditions.

Optimizing Gas Costs

Best Practices

1. Timing

   • Check network congestion
   • Use during quiet periods
   • Monitor gas trends
   • Batch transactions when possible

2. Settings

   • Understand priority levels
   • Set appropriate limits
   • Consider transaction speed
   • Use gas estimation tools

Common Gas Issues

Failed Transactions

Common causes and solutions:

1. Insufficient Gas

   • Set higher gas limit
   • Ensure enough network tokens
   • Check current gas prices
   • Use gas estimators

2. Network Congestion

   • Wait for lower fees
   • Adjust priority
   • Consider other networks
   • Batch transactions

Failed transactions still cost gas fees. Always ensure proper settings to avoid wasting funds.

Gas Settings on TokenFabric

Default Settings

TokenFabric optimizes gas settings automatically:

• Recommended gas limits
• Priority suggestions
• Network recommendations
• Fee estimations

Manual Adjustments

When to adjust settings:

• High-priority transactions
• Complex operations
• Custom requirements
• Network congestion

Troubleshooting

Transaction Stuck Pending

Solutions:

• Speed up with higher gas
• Cancel and resend
• Wait for lower fees
• Check network status

Out of Gas Error

Solutions:

• Increase gas limit
• Check wallet balance
• Simplify transaction
• Use gas estimator

High Gas Costs

Solutions:

• Wait for lower fees
• Use Base Network
• Batch transactions
• Optimize timing

Gas Tracking Tools

Recommended Tools

1. Gas Trackers

   • Base Gas Tracker
   • Etherscan
   • Gas Now
   • DeFi gas tools

2. Estimators

   • Built-in wallet tools
   • Network explorers
   • DeFi platforms
   • Gas calculators

Next Steps

Ready to continue learning:

1. Learn about transferring assets →
2. Understand token swapping →
3. Explore bridging networks →

Need Help?

Join our Discord for real-time gas optimization tips and support.