Gas Fees Explained: Why You Pay So Much on Ethereum

Description

Gas fees are the cost of using the Ethereum network. Every transaction -whether sending ETH, buying an NFT, or using DeFi apps-requires gas, which is paid to miners or validators to process and secure the network. But why do fees sometimes skyrocket? In this video, we break down how gas fees work, why they rise during network congestion, and how limited block space drives up costs. We’ll also explore how Layer 2 solutions like Arbitrum, Optimism, and zkSync are helping reduce fees, making Ethereum more scalable and affordable. #Ethereum #GasFees #CryptoExplained #Layer2 #BlockchainBasics