EthereumBeginner
Gas price
The amount of ether paid per unit of gas consumed by an Ethereum transaction.
PLAIN-ENGLISH DEFINITION
In more detail
Gas price and gas limit answer different questions: how expensive is each unit of work, and how much work may this transaction use? With Ethereum's modern fee system, wallets use a base fee, a priority fee and fee caps to calculate what you actually pay per gas unit.
IN THE WILD
How you might use it
Two swaps use the same amount of gas, but the one sent during higher network demand costs more because its gas price is higher.
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