5 Important Things About Gwei on Ethereum

Jakarta, Pintu News – Gwei is an important unit on Ethereum that determines how fast and expensive your transaction fees are. Understanding how Gwei works helps save fees and optimize the experience of transacting on the blockchain.

1. Gwei is what?

Gwei is a fractional unit of Ether used specifically to calculate transaction fees or gas fees on the Ethereum network.

1 ETH is equivalent to 1,000,000,000 Gwei (1 billion Gwei). Using Gwei makes it easier to write and read gas fees, as the value of a gas fee is usually much smaller than 1 full ETH.

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2. Gwei Function on the Ethereum Network

Gwei is used to measure the fees that users pay to validators(miners in Ethereum before Merge, now validators in Proof of Stake) to have their transactions processed and added to the blockchain.

The higher the Gwei you offer, the faster the transaction will be processed, especially when the network is congested.

3. Gwei Calculation Example

Suppose the cost of gas is 30 Gwei and the transaction requires 21,000 units of gas.
Transaction cost = 30 × 21,000 = 630,000 Gwei.

If converted to ETH: 630,000 Gwei ÷ 1,000,000,000 = 0.00063 ETH. If 1 ETH = IDR 50 million, then the transaction fee = IDR 31,500.

4. Pros of Using Gwei

• High Precision: Enables detailed gas fee calculation.
• Ease of Communication: Gwei numbers are more practical to read than long fractional values of ETH.
• Universal Standard on Ethereum: All NFT dApps, wallets, and marketplaces use Gwei as the transaction fee standard.

5. How to View and Manage Gwei

• Use Wallet: Metamask, Trust Wallet, or Pintu provide options to organize Gwei according to transaction priority (fast/normal/sparing).
• Monitor Gas Tracker: Sites like Etherscan Gas Tracker display the average, lowest, and highest Gwei in real-time.
• Use Layer 2 Network: Optimism or Arbitrum offer Gwei cheaper than Ethereum mainnet.

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Reference:

• Investopedia. Understanding Ethereum Gas and Gwei. Accessed August 12, 2025.