Base

1/ TL;DR of higher fees on @base (+ what we're doing):

- we shipped 4844 and reduced L1 DA costs to ~0
- lower fees induced >5x more demand
- our gas target is relatively low (~2.5 mgas/s)
- so blocks are above target -> fees are rising

lower fees is our P0, and we are on it

@base builder #001; onchain cities w/ OAK & city3

2/ to address, we are:

1. prepping to raise @base's gas target to 5-7.5 mgas/s (~2-3x) by load testing to understand impact
2. parallel pathing work that will let us achieve our medium term goal of 1 Ggas/s (~400x)

expect an update from us shortly on timelines

3/ with this work, we're going to be able to both drive down fees again in the short term AND ensure we can keep them down in the long term

we know high fees suck — and getting them lower is our top priority. thank you for bearing with us as we keep scaling this thing.