Binance Smart Chain Average Gas Price (2024)

FAQs

What is the average gas price in Binance smart chain? ›

Binance Smart Chain Average Gas Price is at a current level of 2.762, down from 4.210 yesterday and down from 4.798 one year ago.

Binance Smart Chain Average Gas Limit is at a current level of 139.83M, down from 139.83M yesterday and up from 139.82M one year ago.

Under normal conditions, the BNB Smart Chain gas price is set at 3 gwei. Transaction complexity is measured by computational effort, which is delineated in units of "gas." For example, sending BNB from one wallet to another (one of the simplest transactions you can make), may consume up to 21,000 units of gas.

Network congestion: When the Binance network is congested, gas prices will be higher. This is because there is more demand for transaction processing, so users are willing to pay more to have their transactions processed faster.

Gas is a measure of how much it costs someone to transact on the blockchain. This cost is defined using the gas limit, which is the cost per unit of computation the user is willing to pay, and the gas price which is the cost per unit of computation they are willing to pay.

The term gas limit refers to the maximum price a cryptocurrency user is willing to pay when sending a transaction, or performing a smart contract function, in the Ethereum blockchain.

Ethereum Average Gas Limit is at a current level of 30.00M, up from 30.00M yesterday and up from 30.00M one year ago.

The gas limit is the maximum amount of work a user estimates a validator will do for a particular transaction. The gas price, on the other hand, is the price per unit of work done. Therefore, the transaction cost is the product of the gas limit and the gas price.

A gas fee is a fee that users of a blockchain network pay to the network's miners to process their transactions. Gas fees are necessary to incentivize miners to continue processing transactions and to keep the network running smoothly. The amount of gas fee that a user pays depends on the complexity of the transaction.

How much BNB do I need for gas? ›

BNB to GAS Simple Exchange. This is the current BNB/GAS exchange rate: 1 BNB ≈ 148.87598471 GAS. If you decide to make the BNB/GAS exchange, our price calculator will show you the estimated amount of Gas you'll receive.

A gas fee refers to the fee required to conduct transactions or execute contracts on the Etherum network. It is compensating for the computing power used to process these interactions. Called gwei, These fees are small fractions of Ether (ETH).

BNB is Binance's native alternative coin (altcoin), and has a maximum supply of 200 million, with a circulating supply that is considerably lower at 153 million. This reduced supply is due to buy-backs of BNB implemented by Binance, which have contributed to the coin's strong price growth.

Changelly. According to Changelly, BNB will rise significantly over 2025–2026. The BNBUSD exchange rate will likely surpass the $1,000 mark by the end of summer in 2025 and climb even higher in 2026, potentially reaching beyond $2,000 by December.

The BNB token has an auto-burn system that reduces the token supply to an acceptable range. BNB auto-burn employs two coin-burning mechanisms. The first involves burning a portion of the BNB spent as gas fees on the BNB Chain. The second consists of BNB burning events held quarterly.

A gas fee is a fee that users of a blockchain network pay to the network's miners to process their transactions. Gas fees are necessary to incentivize miners to continue processing transactions and to keep the network running smoothly. The amount of gas fee that a user pays depends on the complexity of the transaction.

The current price of Gas / TetherUS (GAS) is 3.904 USDT — it has risen 1.96% in the past 24 hours.

Price of GAS today

The live price of Gas is $ 3.822003 per (GAS / USD) with a current market cap of $ 248.40M USD. 24-hour trading volume is $ 75.24M USD. GAS to USD price is updated in real-time. Gas is +4.47% in the last 24 hours with a circulating supply of 64.99M.

The live price of Gas is $ 3.834106 per (GAS / USD) with a current market cap of $ 249.19M USD. 24-hour trading volume is $ 73.94M USD. GAS to USD price is updated in real-time. Gas is +11.56% in the last 24 hours with a circulating supply of 64.99M.