Why Gas Prices Change
It's all about supply and demand on the Ethereum network
Supply & Demand
Each Ethereum block has limited space (~15 million gas). When more people want to transact than there's space for, gas prices go up. When activity is low, prices drop.
Gas Goes Up When...
- • Popular NFT mint happening
- • Token launches or airdrops
- • Market volatility (people trading)
- • US/Europe business hours
- • Major DeFi events
Gas Goes Down When...
- • Weekends (less trading)
- • Late night UTC hours
- • Calm market conditions
- • Holidays
- • Bear markets generally
Key Takeaway
Gas is cheapest on weekends and during off-peak hours (late night UTC). For non-urgent transactions, waiting for low gas can save you significant money!