Estimating Transaction Fees on GOAT Mainnet

Estimating Transaction Fees

Overview

Transaction fees on GOAT consist of two components:

• L1 Data Availability Fee (Bitcoin)
• L2 Execution Fee (GOAT Network)

Fee Calculation Methods

Using Web3.js

const estimateGasFee = async (transaction) => {
const provider = new Web3.providers.HttpProvider('https://rpc.testnet.goat.network');
const web3 = new Web3(provider);
const gasPrice = await web3.eth.getGasPrice();
const gasEstimate = await web3.eth.estimateGas(transaction);
return web3.utils.toBN(gasPrice).mul(web3.utils.toBN(gasEstimate));
};

Best Practices

1. Always add 20% buffer to estimates
2. Monitor L1 congestion
3. Use batch transactions when possible
4. Implement dynamic fee adjustment