Do you know of any nice sites that would tell me how much did it cost historically to send an ETH20 token, preferably already converted into some non-crypto currency? Some graph of historical prices or sth…
Maybe? With historical data denominated in, let say, USD?
I took the top address from gastracker and clicked on Analytics.
Sorry, I don’t really understand what I am looking at. I don’t really know how Ethereum tokens work. But… doesn’t this graph visualize the total of all fees in a given day, and not a fee per transaction?
Yes it’s. But I do not know how it could be represented per TX.
Maybe the gas price chart could answer on your question?
You also could take a look on
Yeah, but it’s denominated in sth called Gwei, which I would probably need to convert into USD based on the complexity of the token transaction and the price of Eth at the time?
Gwei is a 0.000000001 Ether
So if I’m not mistaken, the formula is:
36472 × (average gas price in wei) × (value of eth in usd) / 1e18
If so:
I think the divider should be 1e9
And gas used depends on how is it processed. For example, https://etherscan.io/tx/0x264d7cf9ae66bc608342446407f1aee0e6615591b3182f60be8c515896ea1fbd
It used 64,917 of gas
This one: https://etherscan.io/tx/0x67a8dfd78d98743517ea52eae28b9aead9ef5c3d674dc862bfe9819491821a87 is used only 51,508 of gas
This one https://etherscan.io/tx/0x8ddfedeb22a268b3775c473b1dda177d14f823e33a498b42fc11ad92589951d4 is used 36,520 of gas
And lovely Uniswap: https://etherscan.io/tx/0x7dbd24ab29553585065ee70b9eaaf0c65090c782fcd6d04c7b67b16a03562769 is used 169,344 of gas
Then I give up. I just don’t understand Ethereum.
Start Here:
https://ethgasstation.info/blog/ethereum-block-size/
At the time of writing this, miners are currently accepting blocks with an average block gas limit of around 10,000,000 gas.
…
For example, the base cost of any transaction is 21,000 units of gas.
Here’s a simple transaction showing the base of 21,000 gas units.
https://etherscan.io/tx/0xfc798b8def04b36d2487b68239fc1b85bf9c8e1ad82da0c0cb7e1110a5883b10
More complex interactions with the blockchain require more gas. And since Ethereum blocks have a limited amount of gas spent per block, gas price rises as more transactions are processed per time segment… supply and demand market dynamics at work.
Gas is priced in gwei which is abbreviation for Giga-wei or 10^9 wei
https://ethgasstation.info/blog/gwei/
Wei is the smallest unit or the base unit of ether.
So, a transaction price is set by the monetary value of ETH along with the complexity of the transaction and the price of gas in relation to the price of ETH.
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