The Gas fees on the Base chain once exceeded the level before the Cancun upgrade due to the popularity of Meme coins

The recent popularity of Base Memecoin has led to a surge in Gas fees on the Base chain, exceeding levels prior to the Cancun upgrade, causing doubts about the effectiveness of the Cancun upgrade. These swarming transactions mainly come from automated trading robots, possibly aiming for arbitrage opportunities with Meme coins.

 

To ensure successful transaction confirmation, higher Gas priority fees are set. Therefore, even if the Cancun upgrade has effectively reduced the minimum cost of L2 transactions and both Blobs' usage costs and mainnet Gas are lower, if Base's sorter sorts transactions based on Gas priority fees, there will still be situations where Gas prices skyrocket.