🔵BM🔵

Base is a Layer 2 (L2) network designed to enhance Ethereum's scalability and reduce transaction costs.

Transaction costs on the Base network consist of two parts:

L2 Execution Fee: Covers the computational cost of processing transactions on Base, typically low.
L1 Security Fee: Pays for publishing transaction data to Ethereum Layer 1, influenced by Ethereum gas prices.

Base significantly reduces transaction costs compared to Ethereum, with average fees around $0.09, making it an affordable Layer 2 solution.

It's important to note that both L1 and L2 fees are subject to change based on network activity. To minimize costs, users might consider conducting transactions during periods of lower network congestion, such as weekends. 
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For real-time gas price estimates on Base, tools like Bitbond's Token Tool can be useful. 
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In summary, Base offers a more economical alternative for Ethereum transactions, with fees influenced by both L1 and L2 network conditions.