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@notnotstorm
~70% of Base chain state has been taken over by a single protocol of questionable utility thanks to cheap fees + storage mispricing, a tiny number of users have monopolized the majority of network resources this has implications for every cheap fee blockchain. some thoughts 👇
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@notnotstorm
the chart above visualizes how Base’s state is currently being used. size of each rectangle = how much state is used by each type of contract the chart was generated using the same methodology as our recent blogpost looking at Ethereum. find it here: https://www.paradigm.xyz/2024/03/how-to-raise-the-gas-limit-1
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@notnotstorm
what is the problem? 1) thanks to XEN, 0.3% of Base users are monopolizing 67.8% of the chain's resources 2) state is permanent. Base nodes now need to store + propagate this spam XEN data forever 3) storage abuse can continue until gas pricing is redesigned
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@notnotstorm
how does this affect blockchain scaling? scaling blockchains to become 100x or 1000x larger will require efficient use of computational resources it is not viable for the majority of a network’s resources to be consumed so inefficiently
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@notnotstorm
how bad is this? in absolute terms the problem is still small. Base contract storage is only 53.4 GiB in size (compared to 245 GiB on Ethereum) the problem has also become less severe over time. XEN state share peaked at around 85% back in october
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@notnotstorm
is the problem fixed? so far there have been no mitigations enacted to prevent future abuse there’s nothing preventing one or ten new XEN-like protocols from emerging to fill the state with spam. especially as fees continue to fall
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@notnotstorm
is this specific to Base? not at all. XEN has left a large mark on every major EVM chain for example, XEN is now the largest contract on Ethereum. it has been responsible for 8.8% of all Ethereum state growth over the past year and it now takes up 3.5% of all state
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