AERE Network Gas Tracker
Real-time gas prices and estimations for the AERE Network
| Transaction Type | Average Gas Used | Low Cost (Gwei) | Average Cost (Gwei) | High Cost (Gwei) | Estimated Time |
|---|---|---|---|---|---|
| AERE Transfer | 21,000 | $0.15 | $0.18 | $0.24 | ~1 min |
| ERC-20 Token Transfer | 65,000 | $0.46 | $0.57 | $0.73 | ~1 min |
| DEX Token Swap | 150,000 | $1.07 | $1.30 | $1.69 | ~1 min |
| NFT Minting | 180,000 | $1.28 | $1.57 | $2.03 | ~1 min |
| NFT Transfer | 65,000 | $0.46 | $0.57 | $0.73 | ~1 min |
| Contract Deployment | 800,000+ | $5.70+ | $6.97+ | $9.02+ | ~1 min |
| DAO Vote | 90,000 | $0.64 | $0.78 | $1.01 | ~1 min |
| Staking | 105,000 | $0.75 | $0.91 | $1.18 | ~1 min |
Gas is the unit that measures the amount of computational effort required to execute operations on the AERE Network blockchain. Each transaction on the blockchain requires a certain amount of gas to be executed, with more complex operations requiring more gas.
The gas price is the amount of AERE (measured in Gwei, where 1 AERE = 10^9 Gwei) that you are willing to pay per unit of gas. The higher the gas price, the more incentive validators have to include your transaction in a block, resulting in faster confirmation times.
The total transaction fee is calculated by multiplying the gas used by the gas price. For example, if a transaction uses 21,000 gas units and the gas price is 27 Gwei, the total fee would be 21,000 × 27 Gwei = 0.000567 AERE.
AERE Network gas fees are primarily determined by the following factors:
- Base Fee: This is the minimum gas price required for a transaction to be included in a block. The base fee changes based on network congestion, increasing when the network is busy and decreasing when it's less active.
- Priority Fee (Tip): This is an additional fee you can add to incentivize validators to prioritize your transaction. Higher priority fees can lead to faster transaction confirmation times.
- Gas Limit: This is the maximum amount of gas units you are willing to pay for a transaction. Setting a gas limit that's too low may result in your transaction failing, while setting it too high may lead to wastage of funds.
Gas prices on AERE Network are typically lower than on other Layer 1 blockchains due to the network's high throughput and efficient consensus mechanism. This makes AERE Network an attractive option for both users and developers looking for low-cost blockchain transactions.
Here are some tips to help you save on gas fees when using AERE Network:
- Transaction Timing: Consider executing transactions during periods of low network activity when gas prices are typically lower.
- Gas Price Selection: Use this Gas Tracker to select an appropriate gas price based on your transaction priority. If your transaction is not time-sensitive, you can opt for a lower gas price.
- Batch Transactions: When possible, batch multiple operations into a single transaction to save on gas costs.
- Gas Limit Optimization: Set an appropriate gas limit for your transaction. While you should ensure it's high enough to complete your transaction, setting it too high may lead to wasted funds.
- Contract Efficiency: If you're a developer, optimize your smart contracts to use less gas. This includes using efficient data structures, minimizing storage operations, and reducing computational complexity.
- Use Layer 2 Solutions: Consider using Layer 2 scaling solutions compatible with AERE Network for even lower transaction fees.
By following these tips, you can significantly reduce the amount you spend on gas fees while using AERE Network.