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For example, if you set a gas limit of 10,000 and a gas price of 100 Gwei while you pay an additional 1000 Gwei as the priority fee, In this case, your gas fee will be calculated as below: Also, gas fees cost so much now because Ethereum’s total fee formula is dynamic. Remember, base fees are the minimum amount of gas required to include a transaction on the Ethereum blockchain and are adjusted by the demand for transaction inclusion. As a result, base fees have consistently increased as a result of increasing demand for the Ethereum blockchain. Optimizing transaction efficiency on Ethereum means finding ways to reduce costs when sending tokens or interacting with smart contracts. One way to do this is by combining multiple transactions into a single batch, a technique called transaction aggregation. By bundling transfers together, users can save on gas fees since they&8217;re only paying for one transaction instead of several. Additionally, gas optimization techniques involve adjustin
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