Optimizing transaction costs is a key concern for blockchain developers, and gas tracking tools play a crucial role in achieving this goal. In simple terms, gas is the unit of measure that determines the cost of executing a transaction or a smart contract on the blockchain.
However, gas prices can be volatile and can vary depending on factors such as network congestion and market demand. As a result, it is important for developers to have access to effective gas tracking tools that can provide up-to-date information and analysis.
In this article, we’ll explore some of the best gas tracking tools available in 2023, and how they can help developers optimize transaction costs and improve their blockchain applications.
What is gas?
As blockchain technology continues to gain popularity, the importance of gas-tracking tools for developers has also become increasingly apparent.
Gas fees refer to the cost of this computational effort and are paid in the form of cryptocurrencies, such as Ether (ETH).
What are gas-tracking tools?
Developers who work on blockchain projects need to keep a close eye on gas fees to ensure that their transactions are executed efficiently and cost-effectively.
Gas tracking tools provide developers with real-time information on gas prices and transaction costs. In this article, we’ll explore some of the best gas-tracking tools available for developers, including Metaschool Gas Tracker, Gasnow, Polygon Gas Tracker, Etherscan, and more.
We’ll analyze the features and advantages of each tool and provide real-world examples of blockchain developers who have used these tools for their projects.
1. Metaschool Gas Tracker
Metaschool’s gas tracker is a comprehensive tool that provides developers with real-time information on gas prices, gas limits, and transaction fees for the Ethereum network. The tool is designed to help developers optimize their gas usage and reduce transaction costs by providing accurate and up-to-date information on gas prices and transaction fees.
One of the main features of Metaschool’s gas tracker is its easy-to-use interface, which allows developers to quickly access the information they need. The tool provides real-time gas price data in Gwei, as well as the corresponding gas price in ETH, which can be useful for developers who need to convert between Gwei and ETH. The tool also provides information on gas limits, which can help developers optimize their gas usage and reduce transaction costs.
Another advantage of Metaschool Gas Tracker is its ability to provide historical gas price data, which can be useful for analyzing trends and making informed decisions about gas usage. The tool also provides a gas fee calculator, which allows developers to estimate the gas fees for their transactions based on the current gas price and gas limit.
It is a valuable tool for developers who work on the Ethereum network. The tool provides real-time information on gas prices, gas limits, and transaction fees, which can help developers optimize their gas usage and reduce transaction costs. With its user-friendly interface and comprehensive features, this is a must-have tool for any developer who works with gas fees and gas tracking.
Caption + Alt text: Metaschool Ethereum Gas Tracker
2. Gasnow
Gasnow is a popular gas tracking tool that provides real-time gas prices and transaction data for Ethereum and Binance Smart Chain (BSC). It’s known for its fast and accurate gas price predictions, which can help developers optimize their gas usage and reduce transaction costs. The gas tracker also offers a gas fee estimator, which allows developers to calculate the gas fees for their transactions based on the current gas price and gas limit.
One of the main advantages of Gasnow is its user-friendly interface, which makes it easy for developers to navigate and access the information they need. Gasnow also provides historical gas price data, which can be useful for analyzing trends and making informed decisions about gas usage.
3. Polygon Gas Tracker by Polygon Scan
Polygon is a popular blockchain platform that uses a layer 2 scaling solution to improve transaction speeds and reduce gas fees. Polygon has its own gas tracker, which provides real-time information on gas prices and transaction costs for the Polygon network.
The Polygon Gas Tracker is an essential tool for developers who work on Polygon projects, as it allows them to monitor gas prices and optimize their gas usage to reduce transaction costs.
4. Etherscan
Etherscan is another popular gas tracking tool that provides real-time gas prices and transaction data for the Ethereum network. Etherscan is known for its comprehensive transaction information, which includes details such as gas price, gas limit, and transaction hash. Etherscan also provides a gas fee calculator, which allows developers to estimate the gas fees for their transactions based on the current gas price and gas limit.
One of the main advantages of Etherscan is its extensive database of transaction data, which can be useful for developers who need to analyze transaction history and identify potential issues. Etherscan also provides a range of other tools, such as contract verification and token information, which can be useful for developers working on Ethereum projects.
Non-fungible tokens (NFTs) have become increasingly popular in the blockchain space, with a growing number of NFT marketplaces emerging. Gas tracking tools such as Etherscan can be handy for developers working on NFT marketplaces, as they can help monitor gas prices and transaction costs for NFT transactions.
5. Other notable mentions
In addition to Metaschool Gas Tracker, Gasnow, Polygon Gas Tracker and Etherscan, there are a number of other gas-tracking tools available for developers. Some of these include GasTracker, Gas Station Network (GSN) and GasPriceTracker.
Each of these tools has its own unique features and advantages, and developers may prefer one tool over another depending on their specific needs and preferences.
Conclusion
Gas tracking tools are essential for blockchain developers as they help to optimize gas usage and reduce transaction costs. Metaschool’s Gas Tracker, Gasnow, and Etherscan are some of the best gas-tracking tools available, each with unique features and advantages.
Overall, using a gas tracking tool is crucial for blockchain developers to ensure they are optimizing their gas usage and minimizing transaction costs.