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What Are Gas Fees In Crypto? (ETH High Gas Fees Explained In Animations)Gas is a measure of how much it costs someone to transact on the blockchain. This cost is defined using the gas limit and the gas price. Gas fees are the transaction fees users pay on the Ethereum blockchain to conduct transactions (like sending or swapping ETH) and execute smart. Gas is the unit of measure for how much computational work is required to process transactions and smart contracts on Ethereum. Ethereum gas fees are often.