SuperEx Guide: SuperEx Web3 Wallet User Guide（X）

#SuperEx #Guide #Web3Wallet

SuperEx Web3 Wallet is a non-custodial, decentralized multi-chain wallet, with a built-in cross-chain exchange aggregator (DEX), DeFi one-stop on-chain investment tools (Web3 earning), and a heterogeneous multi-chain aggregation trading platform (supporting Crypto, Ordinals, NFTs), as well as discovering DApps. Through the SuperEx Web3 Wallet, you can easily access over 1,000 DApp protocols, making it a true one-stop Web3 entry point.

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What is a Miner Fee/Gas Fee?

Gas fees are the required costs for every transaction on a blockchain network, similar to transaction fees in everyday life. They can also be considered as the transaction fees for on-chain activities. In most cases, the Gas fee determines the priority of a transaction order.

What is a Gas Fee?

Gas Fee is also called “miner fee”, which is the fee paid to miners. It refers to the cost required to perform specific operations on the Ethereum network. It can also be regarded as the computing workload required for the Ethereum network to perform specific operations. It is essentially the same as the transaction fee charged by Bitcoin miners.

Gas Fees are comparable to the gasoline used in cars: gasoline acts as fuel to make a car run, and similarly, Gas Fees serve as “fuel” for users’ operations on the Ethereum network, enabling transactions and smart contract executions. Gas Fees are usually denominated in the blockchain’s native asset. On Ethereum, they are measured in gwei, which stands for giga-wei (1,000,000,000 wei). Wei is the smallest unit of Ether (ETH).

Gas Fees are required for participating in the Ethereum network. The cost of Gas Fees is determined by the Ethereum network itself, and SuperEx has no control over Gas Fees and does not receive any related fees.

How is the Miner Fee Calculated?

The method of calculating miner fees varies across different blockchains.

For example, Ethereum’s Gas fees consist of two components: Base Fee, Priority Fee

The calculation formula is: Gas units used × (Base Fee + Priority Fee)

On the Solana blockchain, fees are categorized into miner fees and rent fees. Rent fees are used for storing data on the chain, while miner fees are fixed and do not follow a fee auction mechanism. Users cannot increase their transaction fee to improve the chances of their transaction being included in the next block.

Most blockchain networks operate under a fee auction model. If you want your transaction (such as sending, swapping, or minting) to be processed with higher priority, you can select a higher Gas fee tier in the SuperEx Web3 wallet interface.

Characteristics of Miner Fees

1. Miner fees are not fixed and fluctuate based on the current state of the blockchain network.
2. Different blockchain networks have different methods of calculating miner fees.
3. In some blockchains that use a fee auction model, users can set a higher miner fee to increase the likelihood of their transaction being prioritized.
4. The miner fee amount is determined by each blockchain network — SuperEx or the SuperEx Web3 wallet cannot control or receive these fees.