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  1. New to crypto

Gas & Fees Explained

Every transaction on a blockchain network comes with a fee. These fees support the network by rewarding those who process transactions, keeping things secure and functional. The amount you pay can vary based on the network, how busy it is, and what kind of transaction you’re making.

Different networks have their own structures for fees:

  • On networks like Ethereum, fees are often called gas.

  • On networks like Solana, fees are typically lower and more stable, as they’re designed to handle high-speed transactions.

In the next sections, we’ll explain how fees work specifically on Ethereum and Solana, helping you understand how to manage costs on each network.

Last updated 6 months ago

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