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MarcoV
@marcov
1) On the 1st of October, during a price dip, tx fees on most Layer 2s increased. On @arbitrum we saw the biggest outlier around $0.07 (funny this is an outlier now) It is common to see a tx fee increase during price swings but we could also see what appears to be some contracts spamming the @arbitrum network
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MarcoV
@marcov
2) To dive into this outlier we can simply select this value in the outlier table at the top of the Layer 2 Transactions Fees dashboard by clicking "Explore š" š https://dune.com/Marcov/layer-2-transaction-cost
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MarcoV
@marcov
3) On the Transaction Fee Explorer, we can see that around 17:20 the number txs rapidly increased to over 19K in one minute š Which caused the base fee to increase to 2.3 on average
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MarcoV
@marcov
4) This seems to be caused by some contracts doing a lot of txs, with no events or value being transferred, curious is someone knows what some of these contracts are doing? 0xfa149ed27c36505ed9f3b2a14645eba6e541128a with 5001 txs in one minute https://arbiscan.io/address/0xfa149ed27c36505ed9f3b2a14645eba6e541128a 0xE5d84Ad22EF6B4d7A2a081F503Eb5fe16066Faa6 with 2000 txs in one minute https://arbiscan.io/address/0xe5d84ad22ef6b4d7a2a081f503eb5fe16066faa6
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MarcoV
@marcov
5) As a result other users are paying a higher fee for a longer period of time because of this spike which you can see in the chart below š°
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