Optimism token chart12/29/2023 The L1 Data Fee is most heavily influenced by the Ethereum base fee that is continuously and trustlessly relayed from Ethereum to OP Mainnet. The exact amount paid depends on the size of the transaction in bytes, the current Ethereum gas price, and several small parameters. This fee is deducted directly from the address that sent the transaction. The L1 Data Fee is automatically charged for any transaction that is included in an OP Mainnet block. The L1 Data Fee accounts for the cost to publish an OP Mainnet transaction to Ethereum and is primarily determined by the current base fee on Ethereum. This guarantees that the transaction data is available for nodes to download and execute. ![]() This fee arises from the fact that the transaction data for all OP Mainnet transactions is published to Ethereum. The L1 Data Fee is the only part of the OP Mainnet transaction fee that differs from the Ethereum transaction fee. The eth_maxPriorityFeePerGas (opens in a new tab) RPC method can be used to estimate a priority fee that will get your transaction included quickly. If transaction speed is important to your application, you may want to set a higher priority fee to ensure that your transaction is included more quickly. The OP Mainnet sequencer will prioritize transactions with a higher priority fee and execute them before any transactions with a lower priority fee. ![]() The priority fee is an optional component of the execution gas fee and can be set to 0. This priority fee is a price per unit of gas that is paid on top of the base fee.įor example, if the block base fee is 1 gwei and the transaction specifies a priority fee of 1 gwei, the total price per unit of gas is 2 gwei. Just like on Ethereum, OP Mainnet transactions can specify a priority fee. Read more about the base fee in the documentation (opens in a new tab). None of these parameters should significantly impact your application, but you can read more about each of these parameters on the OP Mainnet differences page. The OP Mainnet base fee behaves exactly like the Ethereum base fee with a few small parameter changes to account for the much shorter block times on OP Mainnet. The actual fee charged is the block base fee, even if the transaction specifies a higher maximum base fee. Transactions must specify a maximum base fee higher than the block base fee to be included. The base fee (opens in a new tab) is the minimum price per unit of gas that a transaction must pay to be included in a block. You can read more about how Ethereum's gas fees work over on (opens in a new tab). The only difference is that the gas price on OP Mainnet is much lower than the gas price on Ethereum so you'll end up paying much less in ETH.įor this component of the fee, you can estimate the total cost of a transaction using the same tools you would use to estimate the cost of a transaction on Ethereum. If a transaction costs 100,000 gas on Ethereum, it will cost 100,000 gas on OP Mainnet. The total price per unit gas that a transaction pays is the sum of the base fee (opens in a new tab) and the optional additional priority fee (opens in a new tab).īecause OP Mainnet is EVM equivalent, the gas used by a transaction on OP Mainnet is exactly the same as the gas used by the same transaction on Ethereum. Like Ethereum, OP Mainnet uses the EIP-1559 (opens in a new tab) mechanism to set the base fee (opens in a new tab) for transactions. This fee is equal to the amount of gas used by the transaction multiplied by the gas price attached to the transaction. Execution Gas FeeĪ transaction's execution gas fee is exactly the same fee that you would pay for the same transaction on Ethereum. The total cost of a transaction is the sum of these two fees.Ĭontinue reading to learn more about exactly how each of these fee components are charged. OP Mainnet transaction fees are composed of an Execution Gas Fee and an L1 Data Fee. This page provides a detailed look at exactly how transaction fees work on OP Mainnet so you can properly account for them in your application. ![]() ![]() However, transaction fees on all Layer 2 systems need to diverge from Ethereum to some extent for a number of reasons. OP Mainnet is designed to be EVM equivalent (opens in a new tab), which means it reuses the same Ethereum code you're already familiar with and behaves as much like Ethereum as possible. Transaction Fees Transaction Fees on OP Mainnet
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |