Cryptocurrency Q&A
What is the gas limit for ERC20 transfer?
What is the gas limit for ERC20 transfer?
Daniele
Thu Apr 10 2025
|
5
answers
1302
I'm trying to understand the ERC20 token standard better. Specifically, I want to know what the gas limit is for ERC20 token transfers. Can anyone provide some clarity on this?
5 answers
Carolina
Sat Apr 12 2025
The concept of gas limit plays a crucial role in the functioning of blockchain transactions. It represents the maximum amount of units of gas that a user is willing to spend on a transaction. This ensures that the transaction has enough computational power to be executed successfully.
Was this helpful?
344
52
GliderPulse
Sat Apr 12 2025
When it comes to sending Ethereum (ETH) or any other token, the gas limit required for a normal transaction is usually set at 21,000 gas units. This is considered the standard amount needed for the transaction to be processed efficiently.
Was this helpful?
191
23
DondaejiDelightfulCharmingSmileJoy
Sat Apr 12 2025
However, for transactions involving ERC-20 tokens, the gas limit required is higher. An ERC-20 token approval, which grants permission for a smart contract to transfer tokens on behalf of a user, needs 45,000 gas units. This increased amount is due to the complexity involved in interacting with smart contracts.
Was this helpful?
269
86
Silvia
Sat Apr 12 2025
There are several blockchain networks that follow a similar gas model. One such network is Harmony, which is EVM-compatible. This means that Harmony can run smart contracts written in Solidity, the programming language used for Ethereum smart contracts.
Was this helpful?
325
25
Leonardo
Fri Apr 11 2025
On Harmony, standard transactions also cost 21,000 gas units, similar to Ethereum. This uniformity in gas limits across different networks helps in creating a consistent user experience for blockchain transactions.
Was this helpful?
173
25
