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Michael Silberling
@msilb7
What influence (if any) does lower user transaction fees have on “consumer user” activity on OP Chains? Likely could start by comparing time periods with low L1 gas prices versus high L1 gas prices, post-Bedrock (modern fee model). Consumer = humans pressing buttons on a website, not bots
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ilemi
@ilemi
Alright, some quick analysis of Base shows that active wallets start to drop steeply at around maximum 40 gwei (L1 gas price) when transacting on Base. We can also see that median transaction frequency for a given wallet is highest around 10-15 gwei. https://dune.com/queries/3459267/5813802
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Data Always
@dataalways
I'm curious to how responsive to spikes this is. The few times I've looked at it for other chains, the behaviour was really non-uniform across chains, but I was mostly focused on crazy fee surges.
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ilemi
@ilemi
Yeah, my thinking here is by taking the max price ever paid we get a sense of general sensitivity. Maybe its better to do max total gas fee though for median txs
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