Median transaction gas price

What is "Median transaction gas price"?

The median gas price paid per transaction, expressed in Gwei, defined as the central value of the gas-price distribution over the selected period.

What is "Median transaction gas price in USD"?

The median gas price paid per transaction, expressed in US dollars, defined as the central value of the gas-price distribution over the selected period.

Why are "Median transaction gas price" and "Median transaction gas price in USD" important?

Median gas price reflects the typical user cost per unit of gas, removing the influence of transactions with abnormally high or low values.

Unlike the mean gas price, the median shows what a "typical" participant pays and is not distorted by a small number of high-priority transactions.

How are "Median transaction gas price" and "Median transaction gas price in USD" calculated?

The median gas price is determined by ordering all gas price values over the period and selecting the central value of the distribution (or the average of the two central values when the number of observations is even).

For the USD median, values are also converted to US dollars.