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Gas Fee
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Gas Fee
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Cost to execute a transaction or contract on Ethereum, paid in ETH, calculated as gas used × (base fee per gas + priority fee).
How this mechanic works
Gas Fee on Ethereum is the payment required to run operations, measured per unit of gas. (ethereum.org) Under EIP-1559, the total gas fee equals gas_used × (base_fee_per_gas + priority_fee_per_gas), with the base fee burned and the priority fee paid to the validator; for example, 21,000 gas with base 50 gwei and priority 2 gwei would cost 1,092,000 gwei. (eips.ethereum.org) Gas fees are paid in ETH. (ethereum.org)
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