ETH users turn to private transactions over frontrunning. Private transactions comprise 30% of total but consume 50% of gas used on Ethereum.
Private transactions comprised 30% of the total volume, but consumed 50% of Ethereum’s gas.has witnessed growth in network activity, revenue, and address. Equally, the past year has seen a considerable surge in private transaction order flow.Data indicated that private transactions consumed more than 50% of total ETH L1 block space based on gas usage. But despite this, private transactions only make up 30% of all transactions within the ETH L1 block.
Such transactions are essentially gas intensive and thus consume more gas per transaction than non-MEV transactions. Therefore, the increased private transactions have influenced base fees, increasing volatility. Therefore, private transactions result in “vanilla blocks,” making the base fees volatile.
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