Gas fees are the costs required to process transactions on a blockchain network.

Every time you make an exchange, transfer tokens, or interact with a smart contract, the network charges a fee, often called the “gas fee.”

This fee compensates the network’s validators or miners for the computing power needed to verify and secure your transaction.

Gas fees are paid in the blockchain’s native token (for example, on the Ethereum network, gas fees are paid in Ether). The amount of gas fees can vary depending on how busy the network is—when more people are using the blockchain at the same time, fees tend to increase due to higher demand for processing power.

Gas fees ensure that the network stays decentralized and secure, as miners or validators are incentivized to keep the blockchain running smoothly by being paid for their work.