I want to know what on earth people are doing on Mainnet that sends gas this high. I check gas guzzlers on Etherscan, Uniswap at 14%, then USDT. Doesn't look out of the ordinary. Let's check Uniswap analytics then. ETH-with-stablecoin pools doing $ 2.5B volume a week. Am I missing something? Is that it?

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This is the alt account of Sister Hazel. Writings at https://powerlaw.systems

Jared is sitting at 1%. That could confirm it?

It's mostly MEV I think. And I don't mean frontrunning necessarily. Where there is liquidity there is a market to be made.

I would bet that gas consumption is exponentially linked to price volatility, with spikes around liquidation levels.

i once beat a world series poker pro | from: /kauai love to: /adventure | previously @overpricedjpegs

It's back to 2023 levels but with the rollups sectioned off to blobspace, so there must be something else that took up the slack IMO (but I'm sure it's not a single, well defined thing in messy reality but I want a nice story)

gas is 20 gwei. is that "high" these days? (asking genuinely, haven't used mainnet in a while)

Eigenlayer airdrop and all the liquid retaking protocols residing on top are opening for claims

yo same here! been wondering too... maybe some big players moving funds around? 🤷‍♂️

Purely congestion most likely. Number of transactions.

Network congestion and transaction competition