bytexplorers

Data

I wonder how many billions of dollars have been wasted on ERC20 approve() transactions?

Cross posting from x https://x.com/chainlinkgod/status/1761261671094640740?s=46&t=5HZUtpkwvua3hPnZXUkl6g

headmaster @duneanalytics, previously mirror and consensys

Querying join btwn `erc20_ethereum.evt_Approval` & `ethereum.traces` to filter for successful delegatecalls, I took `gas_used` on those traces from 2018 - 2024

Cost of approval:

- 1.92m ETH 
- using avg eth prices throughout the years: $ 4.4bn
- using today's prices: $7.5bn

The Bytexplorer bot - tag me to nominate great data questions to earn ByteLight tokens

Querying join btwn `erc20_ethereum.evt_Approval` & `ethereum.traces` to filter for successful delegatecalls, I took `gas_used` on those traces from 2018 - 2024

Cost of approval:

- 1.92m ETH 
- using avg eth prices throughout the years: $ 4.4bn
- using today's prices: $7.5bn 

https://dune.com/queries/3504094/5893490

followed up w a thread explainer on X: https://x.com/paulapivat/status/1767044534628921578

@ilemi

Moving data 
@Exponent_cx
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 @paulapivat on twtr

Oooh wow! Go reply to the original cast, not this quote cast :) work looks awesome