Token Tool by Bitbond

Ethereum Gas Price Tracker

Get the latest gas price
Gas price represents the cost to perform a transaction on the network
Get info for slow, normal and fast transaction processing
Quoted in USD and Gwei
Available for Ethereum, Polygon, Avalanche, BNB Smart Chain, and more

Ethereum gas prices FAQ

Gas prices on Ethereum are the fees that users pay to have their transactions processed on the network. Gas prices are denominated in gwei, which is a unit of measurement equal to 0.000000001 ETH.
Bitbond Token Tool provides real-time estimates of the current gas prices of Ethereum in a highly intuitive manner. This allows users to estimate the total costs upon carrying out a transaction.
Gas price: The gas price is the amount you are willing to pay for each unit of gas. Gas is the unit of measurement for the computational effort required to execute a transaction on the Ethereum blockchain.
Gas fee: The gas fee is the total cost of a transaction, which is calculated by multiplying the gas price by the gas limit.
Gas price is the amount of ETH that you are willing to pay per unit of gas. Gas limit is the maximum amount of gas that you are willing to spend on your transaction. The gas limit is important because it prevents your transaction from being processed if it exceeds the amount of gas that you are willing to spend.

Several factors affect gas prices on Ethereum, including:

Network congestion: When the Ethereum network is congested, gas prices will be higher. This is because there is more demand for transaction processing, so users are willing to pay more to have their transactions processed faster.
Transaction complexity: Some transactions are more complex than others and require more computational power to process. These transactions will have higher gas prices.
The price of ETH: Gas prices are also denominated in ETH, so the price of ETH will also affect gas prices. If the price of ETH goes up, then gas prices will also go up.
There are a few different ways to estimate the gas price for your transaction. One way is to use a gas price oracle such as Token Tool. Another way to estimate the gas price is to use a gas price calculator. A gas price calculator will estimate the gas price for your transaction based on the transaction type and complexity.
There are a few reasons why gas prices are so high right now. One reason is that the Ethereum network is very congested. This can be due to a number of factors, including the popularity of decentralized applications (DApps) and the recent launch of the Ethereum Merge. Another reason why gas prices are so high is that the price of ETH has been rising recently. This means that users are willing to pay more to have their transactions processed in ETH.

There are a few things you can do to lower the gas price for your transaction:

Wait for network congestion to decrease: If you can wait, you may be able to get a lower gas price by waiting for network congestion to decrease.
Use a gas price calculator: A gas price calculator can help you estimate the lowest gas price that you can get away with for your transaction.
Use a batching service: A batching service can help you group multiple transactions together into a single transaction. This can reduce the overall gas cost of your transactions.

If your gas limit is too low, your transaction will be dropped from the network. This means that your transaction will not be processed and you will not be charged any gas fees. However, you will need to resubmit your transaction with a higher gas limit.

If your gas limit is too high, you will be charged for more gas than your transaction actually requires. However, the excess gas will be refunded to you.

The fast, average, and slow gas prices are estimates of how much you need to pay to get your transaction processed quickly. The higher the gas price, the faster your transaction will be processed. However, higher gas prices also mean that you will pay more in fees. In general, it is a good idea to use the average gas price unless you are in a hurry to get your transaction processed. If you are on a tight budget, you can try using the slow gas price, but your transaction may take longer to be processed.

Here is a table that summarizes the differences between the fast, average, and slow gas prices:

Gas PriceSpeedFees

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