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jesse.base.eth πŸ”΅ pfp
jesse.base.eth πŸ”΅
@jessepollak
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
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jesse.base.eth πŸ”΅ pfp
jesse.base.eth πŸ”΅
@jessepollak
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
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jesse.base.eth πŸ”΅ pfp
jesse.base.eth πŸ”΅
@jessepollak
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 β€” and getting them lower is our top priority. thank you for bearing with us as we keep scaling this thing.
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jesse.base.eth πŸ”΅ pfp
jesse.base.eth πŸ”΅
@jessepollak
4/ if you want to read more about how we're thinking about scaling, check out thoughts from me and @roberto_bayardo below. we'd love any and all thoughts or feedback from you. onwards! https://warpcast.com/jessepollak/0x4ef54d3f
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JedBongo pfp
JedBongo
@jedbongo
Some txs looked like L1 for a little bit there. Gud to see the team is already on it. Onwards and upwards πŸ”΅
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