Fees
How do network fees on Matchain work?
Matchain Transaction Fees
Each transaction on Matchain incurs two types of fees:
Layer 2 (L2) Execution Fee: Covers the cost of executing the transaction on Matchain's Layer 2 network.
Layer 1 (L1) Security Fee: Represents the estimated cost to publish the transaction on the underlying Layer 1 blockchain.
Typically, the L1 security fee is higher than the L2 execution fee. Both fees fluctuate based on network activity:
L1 Fee Variability: The L1 fee changes with transaction volume on the Layer 1 network. To minimize costs, consider submitting transactions during periods of lower gas usage, such as weekends.
L2 Fee Variability: Similarly, the L2 fee adjusts according to the number of transactions being processed on Matchain's Layer 2 network.
Fees typically range from 0.0000002 to 0.0000004 BNB. At a BNB price of $900, this equates to approximately 2,777 to 5,555 transactions per $1.
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