What Gas is
Gas is a Layer-1 smart-contract platform, currently ranked 213th by market capitalization among the assets we track. Gas is its own settlement layer. Smart contracts run on top of it, fees are paid in GAS, and the security model rests on validators bonding the token rather than burning energy to mine it.
Gas (GAS) is a cryptocurrency used to pay for transaction fees and computational services on the Neo blockchain. It plays a crucial role in facilitating operations within the Neo ecosystem.
How consensus and the token economy connect
Validators propose and attest to blocks; honest behavior earns rewards, dishonest behavior burns the stake. That feedback loop is what lets Gas finalize transactions without miners.
Under the hood, GAS secures its ledger with Delegated Byzantine Fault Tolerant, built on the dBFT algorithm.
Background & fundamentals
Gas first went live in 2015, giving it roughly 11 years of on-chain price history to draw on. Gas operates under a semi-centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. A documented core team of 50 contributors is listed publicly, a depth of disclosed staffing many long-tail tokens lack.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in GAS. CoinPaprika classifies the project's development status as "Working product".
In sector terms it is most often filed under NEO Token, Byzantine Fault Tolerance, and Platform.
Where Gas sits in the market
With GAS near $1.03, Gas carries a market capitalization of $66.81M. Around $14.51M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 21.71% of the float — elevated, often a sign of narrative-driven trading.
Only ~65% of the 100M-GAS maximum supply is circulating today, so emissions remain a live factor in price discovery. GAS remains -99% beneath its all-time high of $97.49, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Across timeframes, GAS shows 24-hour -17.09%, 7-day -2.43%, 30-day -11.56%, 1-year -52.08%. Within its stored 365-day daily history, GAS mounted a low-to-high run of roughly 42% at its strongest stretch.
Volatility profile
Recent action puts Gas in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals -11.56%, a useful input for stop placement and position sizing.
How to evaluate Gas
The honest checklist for GAS is short:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of GAS staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Gas over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
