Journal of Current Research in Blockchain
Vol. 2 No. 3 (2025): Regular Issue September 2025

Investigating the Relationship Between Gas Consumption and Value Transferred in Ethereum Contracts

Chantanasut, Suraphan (Unknown)



Article Info

Publish Date
01 Sep 2025

Abstract

This study investigates the relationship between gas consumption and value transferred in Ethereum smart contracts, offering insights into resource utilization and efficiency within the blockchain ecosystem. Analyzing a dataset of 1,000 smart contracts, a moderate positive correlation r=0.45,p<0.05 was observed, indicating that higher gas consumption generally corresponds to larger financial transactions. The average gas consumption per contract was found to be 58,451,329.47 units, with a standard deviation of 20,123,456.89, highlighting significant variability in computational resource usage. Similarly, the average value transferred was 7,851.47 ETH, ranging from 0.001 ETH to over 100,000 ETH, showcasing the diverse financial applications of smart contracts. Efficiency analysis, measured as the ratio of value transferred to gas consumed, revealed an average efficiency of 0.00013 ETH per unit of gas, with some contracts achieving up to 0.01 ETH per unit of gas and others as low as 0.000007 ETH per unit of gas, reflecting varying levels of optimization. Outliers with disproportionately high gas consumption relative to value transferred were identified, suggesting inefficiencies or unique use cases. These findings underscore the importance of optimizing smart contract design to minimize gas costs and improve performance. Future research directions include functionality-specific analyses, anomaly detection, comparative studies across blockchain platforms, and exploring the economic implications of gas consumption. This work provides actionable insights for developers, researchers, and policymakers aiming to enhance the efficiency and sustainability of decentralized systems.

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Journal Info

Abbrev

Journal

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The Journal of Current Research in Blockchain publishes high-quality research on: Blockchain technology Smart Contract Data Privacy Decentralization Data Distributed Ledger Technology Decentralized Applications Our goal is to provide a platform for researchers, practitioners, and policymakers to ...