Gas Fees
The network fee you pay to have a blockchain process your transaction.
Definition
On Ethereum, gas is priced in gwei and paid in ETH. It covers the validator's work and scales with network demand and transaction complexity — a simple transfer is cheap, a swap through three pools is not. Peak Ethereum swaps can run $50+; L2s like Base and Arbitrum usually run cents.
Solana, BSC, and most memecoin chains keep fees under a cent. Failed transactions still cost gas, which is how traders burn hundreds of dollars on a single congested launch. Size transactions against gas — a $30 fee on a $100 buy needs a 30% move just to break even.
Examples
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Gas on mainnet is 80 gwei, skipping this trade.
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Solana fees under $0.001 — that's why memecoin sniping lives there.
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Failed three times on launch, ate $40 in gas before giving up.
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