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Understanding Gas Fees

Gas fees are transaction costs paid to process operations on blockchain networks. Understanding them helps you save money and avoid failed transactions.

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What Are Gas Fees?

Think of gas like the processing fee for blockchain transactions:
  • Required for all blockchain operations
  • Paid in the network’s native token
  • Varies based on network congestion
  • Different for each type of action

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Gas on Different Networks

TokenFabric recommends Base for most users:
  • Lower gas costs ($0.01-0.05 per transaction)
  • Fast processing
  • Ethereum security
  • Optimized for TokenFabric

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Ethereum Mainnet

  • Higher security
  • More expensive ($2-100+ per transaction)
  • Better for high-value transactions
  • Wider adoption
Start with Base Network if you’re new. It offers the best balance of cost and functionality for most users.

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Understanding Gas Costs

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Common Operations

Approximate costs on Base Network:
  1. Basic Transfers
    • Send tokens: $0.01-0.05
    • Approve contracts: $0.02-0.10
    • Cancel transactions: $0.01-0.03
  2. Token Operations
    • Create token: $0.10-0.50
    • Swap tokens: $0.05-0.20
    • Bridge assets: $0.10-0.30
Costs are estimates and can vary based on network conditions.

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Optimizing Gas Costs

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Best Practices

  1. Timing
    • Check network congestion
    • Use during quiet periods
    • Monitor gas trends
    • Batch transactions when possible
  2. Settings
    • Understand priority levels
    • Set appropriate limits
    • Consider transaction speed
    • Use gas estimation tools

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Common Gas Issues

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Failed Transactions

Common causes and solutions:
  1. Insufficient Gas
    • Set higher gas limit
    • Ensure enough network tokens
    • Check current gas prices
    • Use gas estimators
  2. Network Congestion
    • Wait for lower fees
    • Adjust priority
    • Consider other networks
    • Batch transactions
Failed transactions still cost gas fees. Always ensure proper settings to avoid wasting funds.

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Gas Settings on TokenFabric

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Default Settings

TokenFabric optimizes gas settings automatically:
  • Recommended gas limits
  • Priority suggestions
  • Network recommendations
  • Fee estimations

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Manual Adjustments

When to adjust settings:
  • High-priority transactions
  • Complex operations
  • Custom requirements
  • Network congestion

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Troubleshooting

Solutions:
  • Speed up with higher gas
  • Cancel and resend
  • Wait for lower fees
  • Check network status
Solutions:
  • Increase gas limit
  • Check wallet balance
  • Simplify transaction
  • Use gas estimator
Solutions:
  • Wait for lower fees
  • Use Base Network
  • Batch transactions
  • Optimize timing

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Gas Tracking Tools

  1. Gas Trackers
    • Base Gas Tracker
    • Etherscan
    • Gas Now
    • DeFi gas tools
  2. Estimators
    • Built-in wallet tools
    • Network explorers
    • DeFi platforms
    • Gas calculators

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Next Steps

Ready to continue learning:
  1. Learn about transferring assets →
  2. Understand token swapping →
  3. Explore bridging networks →

Need Help?

Join our Discord for real-time gas optimization tips and support.