Description: Gas monitoring refers to the process of tracking gas fees and usage in the context of transactions on blockchain networks, especially in decentralized finance (DeFi) platforms. Gas is a unit that measures the amount of computational work required to execute operations on the blockchain, such as token transfers or smart contract executions. As the demand for transactions on the network increases, gas prices can fluctuate significantly, which can impact transaction costs. Therefore, gas monitoring becomes an essential tool for users and developers looking to optimize their transaction costs. This process involves using tools and platforms that allow users to observe gas prices in real-time, as well as estimate the cost of their transactions before executing them. Additionally, gas monitoring can help identify optimal times to perform transactions, thus avoiding excessive fees. In a DeFi ecosystem where transactions are frequent and often time-sensitive, effective gas monitoring has become crucial for maximizing efficiency and minimizing operational costs.
