#GasFeeImpact Gas fees refer to the transaction costs required to execute operations on a blockchain, particularly Ethereum. These fees are paid to miners or validators to process and verify transactions or smart contracts. Gas fees can significantly impact user experience and overall blockchain adoption. High gas fees can deter smaller transactions, as the cost may outweigh the benefit, leading to reduced network activity. During periods of high demand, such as network congestion, gas fees can rise drastically. Conversely, low gas fees promote more frequent usage, enhancing liquidity and user engagement. Managing gas fees efficiently is crucial for maintaining blockchain scalability and accessibility.