Skip to main content

Blockchain transactions fees (+smart contract executions)

Calculating the total transaction fee works as follows:

Gas units (limit) * (Base fee + Tip)

  • Base fee: 50 GWEI
  • Priority fee: can be 0.01 GWEI
  • financial transactions gas used : 21000
  • 1 GWEI = 0.000000001 UON
    → a financial transaction taking a priority fee of 1.5 GWEI would cost only 0.0010815 UON
Read more here
Erica
  • Operator in a small clothing warehouse
  • Registering inbound & outbound events
  • On average: 10,000 asset/event creations per month
Lee
  • Systems Engineer at a mid-sized pharmaceutical processing company
  • Registering inbound & outbound events, Transformation asset creations
  • On average: 100,000 asset/ event creations per month
Jules
  • Data architect at a national e-commerce retailer
  • Registering inbound events
  • On average: 1,000,000 asset/event creations per month