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jesse.base.eth 🔵
@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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Infinity Banyan 🎩 🔵
@treeofdopamine
In a way it's not as bad as it seems. Pre-4844 the higher cost was due to high L1 data fees. Now, it's usage and even moreso priority fees. So, rather than being forced into higher fees, users are opting to pay them to transact here. Lower fees def good, but don't discount the progress!
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