Priority fee
The part of an Ethereum transaction’s gas price paid to the block proposer above the base fee.
In more detail
You'll often see this called the tip. It gives the proposer a reason to include your transaction, but it doesn't buy guaranteed instant confirmation. The actual priority fee also depends on your total fee cap: if the base fee takes up most of that cap, less room remains for the tip.
How you might use it
You raise the tip on a pending transaction, while also checking that its maximum total fee can cover the current base fee.
- Also called
- Tip
Listen uses a browser-generated voice. Accents and pronunciation can vary.
Got a way to make Priority fee click?
Add your takeBy Crypto Dictionary · Published · Updated
Go to the source
Use the original reference to explore the details behind this entry.
Read the referenceAn original explanation with a reference to follow. Protocol details and community usage can evolve. Sources & standards