Brother Nan’s notes: (A must-know skill—ETH GSA fee trend chart)

1: What is GAS fee?

(Gas Fee refers to the fee that blockchain users need to pay to network validators when executing transactions or interacting with smart contracts)

GAS fee, the simplest description and understanding - handling fee. (You have to pay as long as you use it)

2: What does the level of GAS represent?

As the number of participants increases, the GAS fee will increase.

The fewer people participating, the lower the GAS fee will be.

Tips: We can directly observe the macro market trend through the level of GAS fees.

Example: (Brother Nan watched #ETH today

From 9.23 to 12.4 in 2023, ETH's GAS has continued to rise.

Among them, the sector that consumes the most GAS fees is DEFI. The consumption ranges from 5.4M to 27.5M per week.

The increase ratio is the largest.

No. 12.4 - No. 2024.1.22 GAS continues to decrease. (The GAS consumption caused by DEFI is particularly obvious)

Summarize:

When the GAS consumed by DEFI on ETH increases significantly, the market sentiment at this time is high. Users are borrowing, staking, and leveraging a lot.

(You can carry out more right-side transactions at this time, such as chasing the rise!!! The market sentiment is very strong at this time)

When DEFI consumes GAS on ETH, it is in a downward trend, and wait for the GAS curve to stabilize.

(At this time, conduct more left-side transactions and buy bottoms, such as buying at key support positions, to generate more returns.)