enquiry-celo-transaction-spike.md

🔍 All-time high gas usage on Celo

TLDR:

• all-time high gas usage (per day) in recent days
• mostly driven by arbitrage transactions
• possibly same individual used 329bn gas in last 3 days

# of gas used per day

Source: celoscan > charts > gas used

~2-3x gas used.

# of transactions per day

Source: celoscan > charts > tx

~3-4x # of transactions in recent days.

List of accounts by highest 3 day gas usage

Source: celoscan > top statistics > network > 3 days

Rank | Address | Gas used

• 1 0x6ca5dd521abc3e6536fd01cdc657609341dc84d5 85,075,626,472 (14.52%)

  • always interacts with contract: 0x00f8525abb78ea8623 method signature 0xe026c4af
  • all contract calls have errors and execution reverted
  • transacts every 5 seconds

• 2 0x3d67507438d8aa8e7d6887f613cd3a139f04d0bc 67,521,206,518 (11.52%)

  • always interacts with contract: 0x5e00a28b8e1b4ed59b method signature 0x454a76a5
  • transacts every 5 seconds

• 3 0x2847b9f47430dc1746904e0d9371109d36a238c9 60,625,944,763 (10.34%)

  • always interacts with contract: 0x5e00a28b8e1b4ed59b method signature 0x454a76a5
  • transacts every 5 seconds

• 4 0x370c1b343b7365c315c7aa2ecd7eb60ac2adc2b1 22,628,259,617 (3.86%)

  • transacts with contract: 0x4b2e3eb03432a6f27e47
  • transacts with various EOAs making transfer() calls in CELO
  • stopped transacting 3 days ago

• 5 0x055aec00dc22bfca3f2acf092148bddf218e1ac7 17,274,750,531 (2.95%)

  • transacts with contract: 0x1c8e0f6e5619c50aafc9 method signature 0xbff51d71
  • transacts 4 times very 5 seconds
  • all contract calls have errors and execution reverts

• 6 0x4754a69ffc2a0300d6aa80bbc88149346c9fd90c 14,459,450,891 (2.47%)

  • transacts with contract: 0x1c8e0f6e5619c50aafc9 method signature 0x2dd9cbee
  • stopped transacting 4h ago
  • Example arbitrage cycles
    • $0.5 - $0.5004 (transactions)

• 7 0xbc82d9e28cd932e088178174cb59aceac12a9eeb 13,115,526,247 (2.24%)

  • transacts with contract: 0xa16f9f78c70a16fdc7637 method signature 0xe026c4af

• 8 0x1b4399a7c97ae092fb4ccdc1598b2767ecb79652 7,206,215,851 (1.23%)

• 9 0x4ad58595e901f538163b434d182fccbfd5aac820 6,328,141,316 (1.08%)

• 10 0xd906af00eb9e8afd54107235ebbeb7884b024bfc 5,508,366,118 (0.94%)

• 11 0xf7860c3a4dcd228386f5cd6bdb6cbbfbc1573baa 5,038,121,067 (0.86%)

• 12 0xc0de4410b395c864debceb80a77afb34c2ea1a3a 3,848,619,905 (0.66%)

• 13 0xff094409563b0888af6160dbaaaf3a8c0b49a35b 3,231,818,482 (0.55%)

• 14 0xd334c118a49565538dc4b97ad637947507b1a45c 2,994,415,715 (0.51%)

• 15 0xe94e802227fb93839d789c043397e4763ed63999 2,687,357,648 (0.46%)

• 16 0xe8fe9fad0506814f10da485235aafdbff6df2990 2,622,451,548 (0.45%)

• 17 0x9eb1b16beac7b192468f01410f42dd34e92f1a2a 2,373,135,037 (0.40%)

• 18 0xf3a42f46c5e35c6715c9900c80efeb4db284a670 2,341,092,477 (0.40%)

• 19 0xa6868fe330dec7d2c07a334f4ad5e1a8fd39f9a2 2,264,713,130 (0.39%)

• 20 0xd676432a77cfe7bbf5a048e375557cc18e295ae7 2,187,121,273 (0.37%)

Individual:

• % of gas spent that day = ~21.7% (probably more but can't see beyond top 20 accounts)
  • 14.52% + 11.52% + 10.34% + 3.86% + 2.95% + 2.47% + 2.24% + 1.23% + 1.08% + 0.94% + 0.86% + 0.66% + 0.55% + 0.51% + 0.46% + 0.45% + 0.40% + 0.40% + 0.39% + 0.37%
• # of gas spent that day = 329,332,334,606 (329bn gas)
  • 85,075,626,472 + 67,521,206,518 + 60,625,944,763 + 22,628,259,617 + 17,274,750,531 + 14,459,450,891 + 13,115,526,247 + 7,206,215,851 + 6,328,141,316 + 5,508,366,118 + 5,038,121,067 + 3,848,619,905 + 3,231,818,482 + 2,994,415,715 + 2,687,357,648 + 2,622,451,548 + 2,373,135,037 + 2,341,092,477 + 2,264,713,130 + 2,187,121,273