Coins: 10053 Exchanges: 858 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Gas price

Gas Price (GAS)

$8.40

3.60%
Rank #456

Gas Price Chart (GAS/USD)

Last updated 03 Dec 2023, 00:49AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance GAS / BUSD $3.31 0.03% $42,701,336
2 Binance GAS / USDT $2.80 0.11% $10,364,812
3 Upbit GAS / KRW $2.72 0.14% $2,831,591
4 Huobi Global GAS / USDT $2.67 0.19% $600,877
5 Bitinka.com GAS / ETH $2.80 1.98% $578,250
6 Bitinka.com GAS / BTC $2.78 1.47% $571,905
7 Binance GAS / BTC $1.96 0.25% $368,321
8 Bitrue GAS / XRP $2.75 0.16% $203,464
9 Bitinka.com GAS / USD $2.61 2.07% $181,084
10 HitBTC GAS / BTC $2.33 0.42% $140,021
11 EXMO GAS / BTC $2.71 0.19% $113,498
12 Digifinex GAS / BTC $3.51 0.45% $103,696
13 ProBit Global GAS / USDT $2.70 0.70% $70,289
14 BKEX GAS / USDT $2.27 0.61% $64,724
15 Bitrue GAS / ADA $1.98 1.34% $62,255
16 HitBTC GAS / USDT $2.32 1.61% $32,162
17 OKX GAS / USDT $3.41 0.64% $29,860
18 OKX GAS / ETH $2.07 1.22% $25,662
19 Bitrue GAS / SOL $2.00 1.88% $17,200
20 KuCoin GAS / USDT $2.02 0.93% $13,642
21 Gate.io GAS / USDT $2.03 1.27% $12,885
22 Bitvavo GAS / EUR $2.69 0.89% $8,958
23 OKX GAS / BTC $2.04 0.58% $7,172
24 HitBTC GAS / ETH $2.32 1.16% $6,130
25 KuCoin GAS / BTC $1.99 1.08% $4,422
26 Gate.io GAS / BTC $2.14 2.43% $4,002
27 CoinEx GAS / USDT $2.73 0.49% $2,762
28 TokoCrypto GAS / BTC $3.31 0.33% $1,722
29 ProBit Global GAS / BTC $2.68 3.23% $1,011
30 Crypto.com Exchange GAS / USD $2.77 0.15% $894
31 Huobi Global GAS / BTC $2.00 0.83% $240
32 CEX.IO GAS / USD $2.70 2.11% $59
33 CEX.IO GAS / USDT $2.69 1.84% $53
34 CEX.IO GAS / EUR $2.70 2.12% $23
35 LBank GAS / USDT $0.00000343 16.42% $507,864
36 Omgfin GAS / BTC $2.09 0.69% $145,759
37 Omgfin GAS / ETH $2.10 0.64% $107,858
38 MEXC Global GAS / USDT $0.00000204 1.26% $30,705
39 Omgfin GAS / UQC $2.10 0.51% $11,821
40 BingX GAS / USDT $0.00000300 3.23% $11,582
41 Bitrue GAS / BTC $2.23 0.08% $6,332
42 Omgfin GAS / USDT $2.09 0.42% $6,283
43 XT.COM GAS / USDT $0.00000182 0.98% $5,193
44 Bybit (Spot) GAS / USDT $0.00000159 2.50% $2,411
45 BigONE GAS / USDT $2.72 1.10% $41
46 Vindax GAS / BTC $2.10 6.07% $987,448
47 EXMO GAS / USD $2.95 9.65% $5,546
48 Poloniex GAS / BTC $2.70 5.13% $673
49 Poloniex GAS / USDT $2.70 7.96% $240
50 CEX.IO GAS / GBP $0.86698600 74.17% $27

GAS Price Statistics

$8
24H Range
$9
  • Gas Price Now $8
  • 24h Low / 24h High $8 / $9
  • Trading Volume $26,528,790
  • Market Cap Rank #100
  • Market Cap $557,766,178
  • Volume / Market Cap 0.0476
  • All-Time High $92 -90.80%
    Jan 15, 2018
  • All-Time Low $1 1,261.75%
    Mar 13, 2020
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Gas Cryptocurrency: Fueling the Future of Blockchain

Introduction


Gas cryptocurrency, also known as Gas coin or GAS, is a digital asset that holds a significant role within blockchain networks. While often overshadowed by its more popular counterpart, Ethereum (ETH), Gas plays a vital part in facilitating the smooth functioning of Ethereum-based decentralized applications (dApps) and the execution of smart contracts. In this article, we will explore the purpose and importance of Gas within the blockchain ecosystem.

What is Gas?


When undertaking any action on the Ethereum network, such as executing a smart contract or deploying a dApp, a certain amount of computational resources is required. Gas acts as the unit of measure to quantify these computational costs. In simpler terms, Gas is the fee paid for performing operations and computations on the Ethereum network.

Gas and Ethereum


Ethereum, known for its vast potential in enabling decentralized applications, employs smart contracts to execute specific functions. Each smart contract requires a certain amount of Gas to be executed. The higher the complexity or computational resources needed for a specific transaction, the more Gas is required. This prevents the network from being congested with excessive computational demands.

The Dual Role of Gas


Gas has two essential roles within Ethereum. Firstly, it serves as an economic motivator to ensure that the network remains operational and secure. Miners, responsible for validating and confirming transactions, are rewarded with Gas for their efforts. This incentivizes miners to continue securing the network and prevents malicious actors from spamming or overloading the system.Secondly, Gas acts as a resource limiter, combatting potential denial-of-service attacks and abuse. By assigning a cost to each operation, hackers and spammers find it economically unfeasible to carry out large-scale attacks on the Ethereum network. This preserves the integrity and stability of the platform.

The Calculation of Gas Fees


Gas fees are calculated by multiplying the amount of Gas required to perform an operation by the Gas price, denominated in Ether (ETH). The Gas price is determined by the market and fluctuates based on supply and demand. Users can set the Gas price they are willing to pay, but they should be mindful that setting it too low may result in slower transaction times or rejection from miners.

The Importance of Gas


Gas has a crucial role in ensuring the efficient and secure execution of transactions on the Ethereum network. Without Gas, transactions could be subject to unpredictable computational costs, network congestion, and security vulnerabilities. It provides a mechanism for users to prioritize their transactions and incentivizes miners to maintain the network.

Conclusion


In the world of blockchain technology, Gas plays a vital role in facilitating the functioning of decentralized applications and the execution of smart contracts. By ensuring fair compensation for computational resources and preventing network abuse, Gas contributes to the stability, security, and scalability of the Ethereum network. As blockchain adoption continues to rise, Gas cryptocurrency will remain an essential element that fuels the future of decentralized applications and enables the widespread use of smart contracts.