Gas Price in USD Today, Live Market & Historical Trend Chart

Q: What is GAS, and how does it differ from NEO?

GAS is the native utility token of the Neo N3 network, used primarily to pay fees required for on-chain transactions and smart-contract execution. It differs from NEO: NEO is the governance token, while GAS is the fee asset consumed when the network operates; the two are not interchangeable. This dual-token arrangement separates governance rights from the cost of using the network. Holding or voting NEO involves governance and GAS-generation distribution, while users pay GAS when initiating transactions or deploying or invoking contracts.

Q: What fees does GAS pay for?

On Neo, GAS pays network fees, including resource consumption for ordinary transaction processing and smart-contract execution. The purpose of fees is not simply to transfer tokens, but to have users pay for the resources used by the network to process their requests. The amount of GAS ultimately needed depends on the operation performed and its resource requirements; a simple transfer and an operation involving contract execution therefore do not necessarily use the same fee. Fee rules are jointly determined by network mechanisms and governance-related parameters.

Q: Where do paid GAS fees ultimately go?

Paid GAS does not all go to the same place. System fees are burned, while network fees are paid to the consensus nodes that process transactions; the two serve different functions, so “paying GAS” should not be understood wholesale as node income. Burning system fees reduces the supply of that portion of paid GAS, whereas network fees compensate consensus nodes for processing network requests. Which fees a particular operation includes depends on the nature of its transaction and contract execution.

Q: How is GAS generated and distributed?

GAS is generated under Neo N3 rules and is associated with NEO holding and voting mechanisms. It is not a proof-of-work reward earned through user mining; official materials describe it as an asset generated by the network and distributed to NEO holders and voting-related participants. Generating GAS and spending GAS are two different stages: the former concerns network issuance and distribution rules, while the latter occurs when users use the network and pay fees; a portion of system fees is then burned. The amount of NEO held alone cannot determine the specific amount of GAS that an address must have become eligible to claim at a particular time.

Q: When is GAS automatically claimed in Neo N3?

In Neo N3, when an address receives or sends NEO, generated but unclaimed GAS is automatically claimed to that address. This design associates the claim action with a change in the NEO balance rather than requiring a separate claim transaction every time. The trigger here is an incoming or outgoing NEO transfer, not an arbitrary GAS transfer; what is automatically claimed is the GAS generated under the rules for that address and not yet claimed. Whether a specific wallet or exchange displays or handles this in the same way depends on its own support.

Q: How do GAS generation, payment, and burning jointly affect supply?

Changes in GAS supply are jointly affected by generation, fee payments, and system-fee burning. Generation adds GAS to the distribution process under network rules; when users pay network fees, the system-fee portion is burned and the network-fee portion is paid to consensus nodes. Therefore, GAS should not be viewed only as a “fixed-distribution reward”: its economic path also includes fees and burning generated by actual network use. Net supply or circulation changes for a given period require calculation using generation, payment, and burn data for that period, rather than being derived directly from a single rule.

Rank 322

$1.1645

-$0.0627(-5.11%)

Market Cap

$74.84M

24h High

$1.2222

24h Low

$1.1095

24h Turnover

$3.20K

Total Supply

65.09M

Market Sentiment

Neutral

Price of Gas (GAS) Today in USD

View Gas (GAS) Price Prediction

The live price of Gas (GAS) today is $1.1645, with a 24h change of -5.11%. Over the same period, the low was $1.1095, the high was $1.2222, and the 24h trading volume was $3.20K. The current market cap is approximately $74.84M. It ranks #322 by market cap and accounts for 0.00% of the total crypto market cap. The all-time high was $91.9400 (⁦2018-01-14⁩); the current price is -98.73% from the all-time high.

Gas (GAS) Price History

7 Days
-5.33%
Low
$1.1095
High
$1.2675
30 Days
-18.89%
Low
$1.1095
High
$1.4644
90 Days
+25.50%
Low
$0.9069
High
$1.6169
1 Year
-53.40%
Low
$0.8992
High
$2.6420

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 51; Normal
Last Week: 50; Normal
Last Month: 71; Greed

The Fear & Greed Index is currently 30/100, in the Fear zone; change from yesterday: -21, from last week: -20, and from last month: -41. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Gas (GAS) Fall in the Last 24 Hours?

Technical indicators were broadly bearish: the 15-minute moving averages were bearish with an ADX of 35.96, and daily moving averages were also bearish, though the daily ADX was 22.70. RSI was neutral across timeframes, and MACD showed no crossover signal, providing no clear sign of reversal or acceleration. The hourly candle at 23:00 UTC on 2026-10-29 closed lower; volume data was unavailable, so participation cannot be assessed from it. The top-five-level bid-to-ask depth ratio was 0.91, indicating a broadly balanced book with slightly more sell orders. Each side had a 1,200-unit large order: the bid at $1.1164 and the ask at $1.1256 could respectively provide short-term support and overhead pressure. Shallow depth can magnify the price impact of order flow, so these technical and order-book factors are possible explanations, not confirmation of a sole cause for the decline.

About Gas (GAS)

Two native tokens are built into Neo, Neo (abbreviation NEO) and neogas (abbreviation gas). Neo is a management token with a total amount of 100million, which is used to realize the management right of Neo network. Management rights include voting for bookkeeper election, Neo network parameter change, etc. The minimum unit of Neo is 1, which cannot be divided. Gas is a fuel token with a maximum total amount of 100million, which is used to control the resources used in the Neo network. Neo network charges for the operation and storage of token transfer and smart contracts, so as to achieve economic incentives for bookkeepers and prevent resource abuse. The minimum unit of gas is 0.00000001. In the creation block of Neo network, 100million Neo copies have been generated, while gas has not yet been generated. The number is zero. 100million gas corresponding to 100million Neo will be gradually generated into the address of Neo management token in about 22 years through a decay algorithm. After the Neo management token is transferred to the new address, the subsequent gas will also be generated at the new address. Neo network will set a threshold through voting, and run storage free gas for a certain amount of transfer transactions and smart contracts to improve the use experience. When a large number of junk transactions occur, transactions and smart contracts with qualified identities can be preferentially processed through Neoid. Transactions and smart contracts without qualified digital identities can be prioritized by paying gas.

Use Cases and Features

GAS is the native utility token of the Neo blockchain. It pays network fees for transfers, smart-contract deployment and invocation, and can also be used for native oracle and NeoFS services. Neo separates governance rights from the costs of using the network: NEO is used for governance voting, while GAS is used to consume network resources.

Supply and Issuance Mechanism

GAS is continuously minted with Neo N3 blocks, and the amount generated per block is controlled by the Neo Council elected by NEO holders. GAS paid as system fees is burned, while network fees are paid to consensus nodes; NEO holders can receive a portion of GAS without staking or locking, and voting can earn them a larger share.

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Gas (GAS) Basics & Market Insights

Fundamentals

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Market Analysis

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Ethereum Glamsterdam Upgrade: Latest Updates and Mainnet Launch DateEthereums Glamsterdam upgrade activated on Sepolia on October 6, with Hoodi testing planned for October 26. Explore its mainnet timeline, ePBS, gas fees, and ETH impact.2026-10-14

Gas auction coming in? Why is Robinhood Chain considering Arbitrum’s PGA mechanism?Robinhood Chain is currently evaluating an Arbitrum-first gas auction mechanism, shifting from first-come, first-served to paid ordering. Layer 2 gas competition and the MEV battle are set to gain a new variable.2026-10-10

Frequently Asked Questions About Gas (GAS)

What is GAS, and how does it differ from NEO?

What fees does GAS pay for?

Where do paid GAS fees ultimately go?

How is GAS generated and distributed?

When is GAS automatically claimed in Neo N3?

How do GAS generation, payment, and burning jointly affect supply?

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