Navigation
Navigation
Gas Prices vs Token Swapping
Hey there again,
I was interested in looking at doing some token swapping with uniSwap. Dipping my toe with a small amount, I was offput by the gas price. My question is simply, for toekn swaps on exchanges like uniSwap, is the gas price of the swap related in any way to the amount you are swapping or is the amount static and related more to the complexity / speed of the task?
To put things another way, would the gas price of a swap be the same for both 1Eth and 100Eth?
Answers
Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
Just curious?
A community of blockchain experts to help
Get started today
Already have an account? Sign In
Saarah Rasheed @saarah95gmail-com
Saarah Rasheed @saarah95gmail-com
It’s usually calculated as a percentage so it would differ based on the amount you are attempting to swap. Have you checked out Uniswap whitepaper? They have detailed how the gas mechanism works. You can check this article for its summary: https://medium.com/block-journal/uniswap-understanding-the-decentralised-ethereum-exchange-5ee5d7878996