Ethereum has experienced its lowest average network fees since 2016, with gas prices dropping to as low as 1 gwei. According to Coinbase Director Conor, nine out of the ten periods with the lowest average fees per hour on the Ethereum network were recorded this week, all below 3.3 gwei. On June 30, at 4:00 UTC, gas prices fell below 2 gwei base fee plus 0.1 priority fee for multiple hours. This significant drop in gas prices has made certain smart contract attacks more profitable. Ethereum's lowest hour of average gas prices since November 2016 was recorded this week, with gas prices going as low as 1.1 gwei for a few blocks.
Ethereum just had its lowest hour of average gas prices since November 2016. Gas went as low as 1.1 gwei for a few blocks https://t.co/gquoPUI8Yh
NEWS: Ethereum just had its lowest hour of average gas prices since Nov 2016 (h/t @jconorgrogan) https://t.co/zHCqlCO8O8
Sunday morning, Ethereum gas prices fall below 2 gwei base fee + 0.1 priority fee for multiple hours. Some specific griefing smart contract attacks become profitable with such low gas prices. Take notes, this might be your next solo finding on security contest platforms🫡
According to data shared by Coinbase Director Conor, Ethereum is experiencing the lowest average network fee since 2016. Among the 10 periods with the lowest average fee per hour on the Ethereum network, 9 were recorded this week, all below 3.3 gwei. At 4:00 UTC on June 30, the…
Gas is literally 1 gwei. Little known fact... If it goes below 0 validators pay YOU for your transactions.
Gas is 1 gwei again. If you were planning on committing financial crime onchain, now is the time to do it.