Definition
What is Gas price?
The gas price is the amount of native token a transaction pays per unit of gas, usually quoted in gwei (one billionth of a token).
Since EIP-1559, EVM chains express the price as a base fee set by the protocol plus a priority tip to the block producer. When demand rises the base fee rises. Monad's high throughput keeps its base fee low even under load, which is a large part of why deploying and calling contracts there is cheap.
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Definition by Adwait Keshari, founder of Monsmith.
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