Gas Price: Live Index, Chart, and Market Insights

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GAS is a fundamental component of the NEO blockchain ecosystem, playing a critical role in network operations and transaction processing. As a utility token designed to fuel smart contracts and decentralized applications (dApps), GAS ensures the smooth functioning of one of the earliest open-source blockchain platforms originating from China. This article provides an in-depth look at the current state of GAS, including price dynamics, historical performance, technological background, and future potential—all optimized for clarity, accuracy, and search intent.

Understanding GAS and Its Role in the NEO Network

GAS is one of two native cryptocurrencies within the NEO blockchain, alongside NEO itself. While NEO tokens represent ownership and governance rights on the network, GAS functions as the digital fuel that powers transactions, smart contract execution, and dApp deployment.

Unlike traditional mining-based blockchains, GAS is not mined. Instead, it is generated over time as users hold NEO in their wallets. For every block added to the chain, 0.000000008 GAS is produced per NEO held. This mechanism incentivizes long-term holding and active participation in the network.

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The total supply of both NEO and GAS is capped at 100 million coins, but due to the gradual generation process, only about 9.14 million GAS are currently in circulation. This scarcity contributes to its market value and long-term investment appeal.

Key Metrics at a Glance (Updated for 2025)

The Technology Behind GAS: How It Powers the NEO Ecosystem

NEO, originally launched in 2014 under the name Antshares, rebranded in 2017 to become China’s first open-source public blockchain project. Founded by Da Hongfei and Eric Zhang, NEO aims to digitize assets through smart contracts and build a scalable "smart economy."

In this framework, GAS plays a pivotal operational role:

Because GAS is generated slowly and predictably, its emission model supports long-term sustainability. Experts estimate that it may take until 2036 for the circulating supply of GAS to reach parity with NEO’s fixed supply.

This unique dual-token system separates governance (NEO) from utility (GAS), offering a balanced approach to decentralization and usability.

Historical Performance and Market Trends

Since its launch in 2017, GAS has experienced significant volatility, mirroring broader cryptocurrency market trends.

During the historic 2017–2018 bull market, GAS surged from under $5 to an all-time high of nearly **$88**, driven by growing interest in smart contract platforms and NEO’s positioning as “China’s Ethereum.” However, regulatory pressures and increased competition led to a prolonged bear phase.

From 2020 onward, GAS stabilized around the $1–$3 range, reflecting steady but modest adoption. Despite not regaining its former highs, the token maintains relevance due to:

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Where to Buy and Store GAS

GAS is available on several major cryptocurrency exchanges, including Binance, Huobi, KuCoin, and OKX. It is typically traded against USDT, BTC, or ETH pairs.

To maximize security and earning potential:

  1. Use a non-custodial wallet such as NeoLine or Neon Wallet.
  2. Keep your private keys secure—never share them.
  3. Enable automatic GAS claims if your wallet supports it.

Holding NEO in a personal wallet allows you to accumulate GAS over time without selling your holdings—a passive income strategy favored by long-term investors.

Frequently Asked Questions (FAQ)

Q: Can I mine GAS?
A: No. GAS is not mineable. It is generated automatically when you hold NEO in a compatible wallet.

Q: What is the difference between NEO and GAS?
A: NEO represents ownership and voting power on the network; GAS is used to pay for transaction fees and smart contract execution.

Q: How often is GAS generated?
A: GAS is generated with each new block processed on the NEO blockchain—approximately every 15 seconds.

Q: Is there a maximum supply for GAS?
A: Yes, like NEO, the maximum supply of GAS is capped at 100 million tokens.

Q: Why hasn’t GAS reached its all-time high again?
A: Market dynamics, competition from other smart contract platforms, and slower-than-expected adoption have impacted its price recovery.

Q: Can I earn passive income with GAS?
A: Yes—by holding NEO in a personal wallet, you earn newly generated GAS over time without additional effort.

Future Outlook and Potential Catalysts

While GAS may not dominate headlines today, several factors could reignite interest:

Moreover, as more developers explore alternatives to high-fee networks like Ethereum, platforms with efficient transaction processing—such as NEO—may see renewed traction.

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Final Thoughts

GAS remains a vital part of the evolving blockchain landscape—not just as a functional token but as a symbol of early innovation in smart contract technology. Though its price has yet to recapture past peaks, its underlying mechanics offer tangible utility and long-term value accrual for participants in the NEO ecosystem.

Whether you're an investor seeking passive income through token holding or a developer exploring alternative blockchain platforms, understanding GAS provides insight into how utility-driven crypto assets operate beyond speculation.

With continued development and strategic upgrades, GAS may yet play a key role in the next wave of decentralized innovation.

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