Fast Decrease in Base Fees - DEPRECATED
Last updated
Last updated
THIS ENDPOINT HAS BEEN DEPRECATED AND WILL NO LONGER BE ACTIVELY MAINTAINED, UPDATED OR SUPPORTED
Alert Definition
Alerts if a block’s Base Fee is lower relative to its 100-block predecessors. For context, the concept of a Base Fee was introduced as part of EIP-1559 and it represents the portion of the total transaction fees that are destroyed and taken out of circulation (i.e. burnt). Ethereum post-1559 requires users to pay for a Base Fee as a prerequisite to include transactions in a block. The Base Fee can go up or down on the basis of the size (in gas units) of the previous block.
Dictionary
Interpretation
A consistent decrease in Base Fees might occur naturally as a result of a decrease in demand for block space. In some circumstances, it may indicative of outages at infrastructure providers that service cryptoasset wallets. For example, when Infura, a popular node-as-a-service provider faces downtime, this can usually be captured by a decrease in Base Fees.
Potential Root Causes
Organic decrease in demand for block space.
Outage at a critical infrastructure provider preventing nodes from broadcasting transactions.
Asset Coverage
Ethereum (ETH)
Name
AlertID
Category
Sub-category
Type
Unit
Interval
Fast Decrease in Base Fees
block_base_fee_rsd_100b_lo
Alert
ETH PoS Alert
Sum
Gas
Ad hoc