Gas

Gas is one of two native tokens on the Neo blockchain, a Layer 1 smart contract platform developed by the Neo Foundation. Its primary purpose is to pay for transaction processing fees and computational services on the Neo network, functioning as the fuel that keeps the network running. It is aimed at developers and users who interact with decentralized applications and smart contracts built on Neo.

The Neo network uses a Proof of Stake consensus mechanism, where block-producing power is proportional to the number of tokens a participant holds rather than raw computational effort. Gas is generated and distributed to Neo token holders as a form of compensation for participating in the network, with the rate of issuance designed to decrease gradually over time. All 65,093,580.54 tokens in the current circulating supply have already been issued, as the supply issued percentage stands at 100, and there is no maximum supply cap recorded in the data.

Gas serves as the fee token on the Neo network, meaning users pay Gas when they submit transactions or execute smart contracts, and those fees compensate network participants. The data records a 24-hour turnover ratio of 6.57, reflecting the volume of Gas changing hands relative to its market capitalization of approximately 85.49 million USD over that period. Because the fully diluted value equals the market capitalization and dilution overhang is 0.0, there are no tokens pending release that would increase the circulating supply. No specific fee revenue figures are stored for this asset, so fee-based yield or earnings measures cannot be calculated from the data available here.