Blocknative

Sei 101: How Gas Fees Work on Sei https://hubs.ly/Q02SwHBt0

There’s a disconnect between the desire for efficient blockchain markets and the lack of efficient gas fee pricing. You can’t have one without the other.

Blocknative (noun) : gas fee infrastructure that enables reliable transaction execution regardless of gas conditions.

Few ecosystems understand the value of efficient and accurate gas prediction ... until hundreds of angry users pour into forums and servers complaining about it. (1/3) We see it all the time. And we get it — there are a dozen other priorities your engineering team is facing. But overlooking gas is like forgetting to lock your back door. (2/3) You can go unnoticed for months or even years. But once your ecosystem experiences a stuck transaction on a critical trading day, you will be sorry you didn’t solve for it sooner. (3/3)

Just tried comparing my flight delay to a stuck transaction. Time to touch grass

We were recently featured by CoinDesk on the rise of private transactions -- which recent Blocknative data has shown have crossed the 50% threshold when measured by Gas Used. To quote from our research, "By shifting focus to the amount of gas used by private transactions, we can develop a more accurate understanding of the current network dynamics. In particular: Base Fee: The gas used in the current block determines the Base Fee for the next block, a critical UX component for dapps and their end users. Resource Utilization: Gas consumption reflects the computational resources required to process transactions. A single complex transaction can use significantly more resources than multiple simple transactions. Private Order Flow Disparity: Despite ongoing outreach efforts, not all Ethereum users know how to transmit a transaction privately, why they might want to do so, or what tools and applications they can use to enable this. This disparity has significant implications for user experience, network participation, fairness, and more. Economic Value: Finally, gas used directly correlates with the economic value of block space. Each unit of gas represents a fraction of the block's capacity and, by extension, its economic worth." https://lnkd.in/g4fhxwst

From Public To Private Transactions In Ethereum: The Flippening - Private transactions now consume over 50% of block space when measured by gas used. Learn about the growing impact of MEV-Boost block builders, Telegram bots, intents, and more. https://hubs.ly/Q02LTdC80

Dive into some of our latest research on base fee volatility

Users don't want to overpay for gas. Users don't want to underpay for gas. We provide accurate gas management solutions that work.

Blocknative provides the best-in-class gas infrastructure – without the technical overhead. But don't take our word for it. Blockchains already use Blocknative daily for gas estimation. Collectively, we drive over 600 gas estimates per second ⛽https://lnkd.in/gExD9FVu