GTP Chain

Transaction Costs

The median amount that is paid per transaction.
What does Transaction Costs tell you?
This is the amount that users pay per transaction. On EVM chains, transaction costs depend on the complexity of the transaction (which is measured in gas). A simple transaction, e.g. a native ETH transfer, uses less gas than a more complex transaction, e.g. an ERC20 swap. Hence, we calculated this metric by looking at the median transaction costs. IMX doesn't charge transaction costs.
Note: 1 Billion Gwei equals 1 ETH.
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