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What is Ethereum Gas? (Examples + Easy Explanation)On the Ethereum blockchain, gas refers to the cost necessary to perform a transaction on the network. � Gas prices are based on supply and demand. Ethereum Average Gas Price is at a current level of , up from yesterday and up from one year ago. This is a change of % from yesterday. 7 Day Historical Oracle Gas Prices ; 12, 0x: Exchange Proxy, $24, ( Eth) ; 13, Circle: USDC Token, $26, ( Eth) ; 14, Uniswap V3: Router 2.
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