👀👀Bot Activity Puts a Squeeze on the Ethereum Network 👀👀

While Ethereum’s (ETH) Dencun update in March improved the economics of Ethereum rollups, it led to an increase in transaction failure rates on Layer-2 networks. According to Galaxy Digital’s research, this increase is largely due to bot activity. According to Christine Kim’s findings, the number of daily transactions increased to an average of 6.65 million after the update, but this increase also brought transaction failures.

According to Galaxy Digital’s “150 Days After Dencun” report, low transaction fees increased bot activity and increased failed transaction rates on Layer-2 networks to 21%. These rates reached significant levels, especially in addresses with high transaction volumes on Base, Arbitrum, and OP mainnet networks. The failure rate on Base increased to 41.6% for addresses that made 100 or more transactions per day. On the other hand, transaction failure rates were recorded as a maximum of 4% for low-active addresses that made five or fewer transactions per day. This situation shows that high transaction volumes increase failure rates.

Similar Problems on Solana and Other Networks

Similar problems are also observed on the Solana (SOL) network. According to Coinbase's research, 25% to 45% of transactions made on Solana fail. It is thought that Solana's high transaction volume is associated with bot activity. Michael Nadeau points out that bot activity increases efficiency by creating liquidity in the markets and that these activities should not be considered spam.

My dear friends, do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is someone who still does not follow me, I would be happy if they did. Please like my articles and posts. Thanks.