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Queued Transaction Meaning

A queued transaction is a transfer or smart contract execution that has been broadcast to the network but remains in the mempool waiting for inclusion in a block. This state occurs when the network is congested or the gas fee attached to the transaction is lower than the current market demand.

In account-based systems, transactions must be processed in a specific sequence, meaning one stalled transaction can hold up all subsequent ones from the same address.The underlying logic relies on a counter known as a nonce, which ensures that every transaction from a specific address is processed in a strict, chronological order. If a transaction with a lower nonce is "stuck" due to an insufficient fee, the EVM (Ethereum Virtual Machine) cannot skip over it to process higher-nonce transactions, even if they offer more gas.

To resolve this "bottleneck," users must often perform a replacement transaction by resending the data with the exact same nonce but a significantly higher gas price.From a user experience perspective, queued transactions are a major hurdle for mainstream adoption. During periods of extreme volatility, "gas wars" can cause thousands of transactions to sit in a pending state for hours.

This delay can lead to missed opportunities in trading or the liquidation of collateral in DeFi protocols, making advanced gas estimation tools and "cancel" functions essential features for any functional digital wallet.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

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