EthHub Lianchuang: The industry should unite to solve the problem of block space fee bidding, division is not advisable
2023-12-10 03:49
Odaily News EthHub co-founder sassal.eth posted on the CryptoKitties came along, causing Ethereum fees to go up, and the mempool took a few days to empty because we didn’t have EIP-1559 at that time. After that, during the 2018/2019 bear market, fees dropped a little, but mostly Ethereum users knew this was temporary, so they continued working on scaling (via Plasma, which later evolved into rollups). Then DeFi season hit and fees went up so much that the ICO and CryptoKitties mania pales in comparison. This The point of the post is to illustrate that once demand for a chain is saturated, priority fees appear and it becomes a bidding war for block space. Do you know who will win? MEV bot, because they are willing to spend the most fees , capture some expected value through arbitrage, sandwich attacks, liquidation, mint sniping, etc. All of this can happen on any Layer 1, Layer 2, side chain, monolithic chain, modular chain - whatever you want to call it - —We as an industry should be addressing these issues as a collective, not as a group of divided tribes.”
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