Fast Decrease in Base Fees - DEPRECATED

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

Alert Definition

Alerts if a block’s Base Fee is lower relative to its 100-block predecessors. For context, the concept of a Base Fee was introduced as part of EIP-1559 and it represents the portion of the total transaction fees that are destroyed and taken out of circulation (i.e. burnt). Ethereum post-1559 requires users to pay for a Base Fee as a prerequisite to include transactions in a block. The Base Fee can go up or down on the basis of the size (in gas units) of the previous block.

Dictionary

Name	AlertID	Category	Sub-category	Type	Unit	Interval
Fast Decrease in Base Fees	block_base_fee_rsd_100b_lo	Alert	ETH PoS Alert	Sum	Gas	Ad hoc

Interpretation

A consistent decrease in Base Fees might occur naturally as a result of a decrease in demand for block space. In some circumstances, it may indicative of outages at infrastructure providers that service cryptoasset wallets. For example, when Infura, a popular node-as-a-service provider faces downtime, this can usually be captured by a decrease in Base Fees.

Potential Root Causes

Organic decrease in demand for block space.

Outage at a critical infrastructure provider preventing nodes from broadcasting transactions.

Asset Coverage

Ethereum (ETH)