Fast Decrease in Priority Fees (Tips) Alert - DEPRECATED

THIS ENDPOINT HAS BEEN DEPRECATED AND WILL NO LONGER BE ACTIVELY MAINTAINED, UPDATED OR SUPPORTED

Alert Definition

Alerts if the Priority Fees (or tips) of a block are lower than its 100-block predecessors. For context, the concept of a Priority Fee, or tip, was introduced as part of EIP-1559 and it represents the portion of the total transaction fees that rewards miners. This serves as an added incentive so that miners prioritize transactions that have opted-in and paid a tip. The other portion is called the Base Fee, and it is burnt (destroyed) after the transaction is included in a block

Dictionary

Name	AlertID	Category	Sub-category	Type	Unit	Interval
Fast Decrease in Priority Fees (Tips) Alert	block_priority_fee_rsd_100b_lo	Alert	ETH PoS Alert	Sum	Gas	Ad hoc

Interpretation

A consistent decrease in Priority Fees might occur organically as demand for block space decreases. It can also be a sign of more concerning circumstances if persistent. For example, a decrease in Priority Fees at a time when there is visible demand for block space might be a sign of so-called out of band payments, which are payments made by transactors directly to miners.

Potential Root Causes

Organic decrease in demand for block space. Out of band payments made directly to miners.

Asset Coverage

Ethereum (ETH)