which blockchain has the lowest gas fees

For economical transactions, Polygon's $0.02 average gas fee makes it a prime choice, especially for high-volume, low-cost transactions.

Oct 27, 2024 at 10:53 am

Which Blockchain Has the Lowest Gas Fees?1. Polygon (MATIC)

Average gas fee: $0.02 per transaction
Suitable for high-volume, low-value transactions like DeFi and gaming

2. NEAR Protocol (NEAR)

Average gas fee: $0.01 per transaction
Offers high throughput and low latency for applications

3. Avalanche (AVAX)

Average gas fee: $0.05 per transaction
Provides fast transaction speeds and low fees

4. Fantom (FTM)

Average gas fee: $0.03 per transaction
Supports a high number of transactions per second (TPS)

5. Binance Smart Chain (BNB)

Average gas fee: $0.05 per transaction
Native blockchain of the Binance exchange, offering fast and economical transactions

6. Solana (SOL)

Average gas fee: $0.002 per transaction
Known for its high speed, low fees, and scalability

7. Celo (CELO)

Average gas fee: $0.01 per transaction
Designed for mobile payments and offers low fees

8. IoTeX (IOTX)

Average gas fee: $0.01 per transaction
Focuses on IoT device connectivity and offers energy-efficient transactions

Factors Affecting Gas Fees:

Network congestion: Higher demand for block space increases fees.
Cryptocurrency price: Gas fees are typically denominated in the native cryptocurrency, which affects their cost in fiat currency.
Transaction size: Larger transactions require more gas to execute.
Complexity of transaction: Some transactions, such as smart contract interactions, require more gas than simple transfers.

Considerations for Choosing a Low-Gas-Fee Blockchain:

For low-value transactions, consider blockchains with extremely low fees like Polygon or NEAR.
For high-volume applications, blockchains like Avalanche or Fantom offer scalability and affordability.
If transaction speed is critical, Solana or Binance Smart Chain are suitable options.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

NIGHT

$0.03914

19.38%

Trade Now
STX

$0.3719

16.75%

Trade Now
WLD

$0.5370

9.90%

Trade Now
NEAR

$5.36

7.50%

Trade Now
SPX

$0.4421

6.02%

Trade Now
QNT

$282.13

5.68%

Trade Now

Latest Crypto News

XRP and Bitcoin See Innovative Inheritance Features and Market Volatility
2026-10-01 04:35:01
Datavecta Forges Global Community Ecosystem to Power International Growth Through Advanced SEO Strategy
2026-09-30 20:35:01
Illinois Rolls Out Draft Rules for 0.2% Crypto Transaction Tax, Set for 2027
2026-09-30 13:00:01
Crypto.com AI Agent: A Super Bowl Splash Still Brewing in Stealth Mode
2026-09-30 13:00:01
Apeing Leads the Charge: Unveiling the Next 100x Crypto Watchlist and 6 Coins to Eye
2026-09-30 12:55:01
Official Filings Go Viral, Ari Paul's Coinbase Allegation Lags: A Look at News Dissemination Speed
2026-09-30 12:55:01

Related knowledge

What Is Modular Blockchain and Why Is It the Next Big Trend?

Jun 20,2026 at 02:19am

Market Volatility Patterns1. Bitcoin price swings often exceed 5% within a single trading session during periods of macroeconomic uncertainty. 2. Altc...

What Is Account Abstraction and Why Is It Important for Web3?

Jun 17,2026 at 02:39pm

Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...

What Is Zero-Knowledge Proof and How Does It Protect Privacy?

Jun 17,2026 at 12:59pm

Market Volatility Patterns1. Bitcoin price swings often exceed 5% within a single trading session during periods of low liquidity.2. Altcoin correlati...

What Is zk-Rollup and Why Is Everyone Talking About It?

Jun 25,2026 at 06:39am

Market Volatility Patterns1. Bitcoin’s price movements often exhibit sharp intraday swings exceeding 5% during high-liquidity events such as ETF inflo...

What Is Chainlink and How Do Blockchain Oracles Work?

Jun 19,2026 at 01:00pm

Market Volatility Patterns1. Price swings exceeding 15% within a 24-hour window occur regularly across major cryptocurrencies including Bitcoin and Et...

What Is an Oracle in Blockchain and Why Is It Needed?

Jun 21,2026 at 07:39pm

Definition and Core Functionality1. An oracle in blockchain is a trusted third-party service that provides external data to smart contracts operating ...