What are gas fees in Ethereum?
An example of an AI chatbot conversation about gas fees in Ethereum.
What are gas fees in Ethereum?
Gas fees are the costs required to conduct transactions or execute contracts on the Ethereum blockchain.
Why do gas fees fluctuate so much?
Gas fees fluctuate based on network demand; higher demand leads to higher fees as users bid for transaction priority.
How can I reduce my gas fees?
You can reduce gas fees by choosing to transact during off-peak hours or using layer 2 solutions.
What are layer 2 solutions?
Layer 2 solutions are protocols built on top of Ethereum that help reduce congestion and lower transaction costs.
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