Gas Tracker

The FortiBlox Explorer Gas Tracker provides real-time analysis of transaction fees and priority pricing across the blockchain network. This tool helps users understand current fee markets and optimize their transaction costs.

Overview

The Gas Tracker analyzes the last 40 blocks to provide comprehensive fee analytics, including:

• Real-time fee trends across recent blocks
• Priority fee analysis for optimal transaction pricing
• Fee percentiles (min, low, average, high, max)
• Transaction volume correlation with fee levels
• Historical fee patterns and trends

Key Features

Live Fee Monitoring

Understanding Fee Data

Fee Types

Base Fees

• Standard transaction processing cost
• Calculated per transaction regardless of complexity
• Approximately 0.000005 X1 base fee

Priority Fees

• Additional fee to prioritize transaction processing
• Varies based on network congestion and user preferences
• Higher priority fees result in faster inclusion

Total Transaction Fee

Total Fee = Base Fee + Priority Fee
Example: 0.000005 X1 + 0.000010 X1 = 0.000015 X1

Fee Levels & Color Coding

Low Fees (Green)

• Range: < 0.0001 X1
• Speed: Standard processing time
• Best For: Non-urgent transactions, batch operations

Medium Fees (Amber)

• Range: 0.0001 - 0.001 X1
• Speed: Faster processing, reliable inclusion
• Best For: Regular transactions, DeFi operations

High Fees (Red)

• Range: > 0.001 X1
• Speed: Immediate inclusion in next block
• Best For: Urgent transactions, MEV opportunities

Priority Fee Tracker

Compute Unit Pricing

The Priority Fee Tracker displays fee data in micro-lamports per compute unit:

Column Definitions

• minComputeUnitPrice: Lowest priority fee paid in the block
• lowComputeUnitPrice: 25th percentile of priority fees
• avgComputeUnitPrice: Average priority fee across all transactions
• highComputeUnitPrice: 75th percentile of priority fees
• maxComputeUnitPrice: Highest priority fee paid in the block

Reading the Data

Block Example:
Slot: 12345678
Min: 0 (no priority fee)
Low: 1,000 (basic priority)
Avg: 5,000 (typical priority)
High: 10,000 (high priority)
Max: 50,000 (urgent priority)

Fee Optimization Strategies

Choosing Optimal Fees

For Regular Transactions

1. Check current average fees in the tracker
2. Use slightly above median fee for reliable inclusion
3. Monitor fee trends to time transactions optimally

For Time-Sensitive Operations

1. Use high percentile fees (75th-90th percentile)
2. Monitor real-time fee spikes
3. Consider network congestion patterns

For Batch Operations

1. Use minimum viable fees during low-activity periods
2. Schedule operations during historically low-fee times
3. Split large batches across multiple blocks if needed

Network Congestion Analysis

Low Congestion Indicators

• Consistent low fees across blocks
• High percentage of minimum-fee transactions
• Stable transaction volume

High Congestion Indicators

• Rapidly increasing priority fees
• Large spreads between min and max fees
• Rising transaction counts per block

Chart Analysis

Fee Trends Visualization

The combined chart shows:

• Bar Chart: Transaction volume per block (background)
• Line Charts: Average, median, and priority fee trends
• Correlation Analysis: How volume affects fee levels

Key Patterns to Watch

• Volume Spikes: Usually correlate with fee increases
• Fee Plateaus: Indicate stable network conditions
• Sharp Changes: May signal network events or high-value operations

Historical Context

Time-based Analysis

• Recent Patterns: Last 40 blocks provide immediate context
• Trend Direction: Rising, falling, or stable fee markets
• Volatility Assessment: Fee consistency across time periods

Best Practices

Fee Strategy Development

Research Phase

1. Monitor Patterns: Study fee trends over different time periods
2. Identify Cycles: Look for daily or weekly fee patterns
3. Network Events: Understand how events affect fees

Implementation Phase

1. Set Thresholds: Define acceptable fee ranges for different operations
2. Monitor Results: Track transaction success rates at chosen fee levels
3. Adjust Strategy: Refine approach based on results

Risk Management

Fee Budget Planning

• Set Limits: Define maximum acceptable fees for different transaction types
• Emergency Reserves: Keep higher-fee budget for urgent operations
• Cost Monitoring: Track total fee spending over time

Transaction Timing

• Off-Peak Operations: Schedule non-urgent transactions during low-fee periods
• Network Monitoring: Watch for congestion before important operations
• Backup Plans: Have alternative timing for failed transactions

Next Steps