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Gas is a fundamental element for any public blockchain network such as Ethereum. Understanding how it works is key to efficiently use and develop on Ethereum and can greatly reduce the gas fees, required to deploy and transact with the network.
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|ERC20 Token Transfer||65,000||$0.00|
|ERC721 NFT Transfer||85,000||$0.00|
|Uniswap V2 Swap||150,000||$0.00|
|Uniswap V3 Swap||185,000||$0.00|
|Uniswap V3 Liquidity||215,000||$0.00|
|L2 Deposits (Arbitrum, zkSync, Polygon,..)||250,000||$0.00|
Gas is an important concept within the Web3 world. It is the virtual fuel required to execute transactions on the network. Similar to how a car needs gasoline to drive. Most public blockchains denominate these transaction fees in their native currency.
There are a few crucial aspects of using gas or transaction fees in public, permissionless networks: