Increase in Total Block Fees Alert - DEPRECATED

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

Alert Definition

Alerts if the Total Block Fees of a given block are higher than its 100-block predecessors. Total Block Fees represent the total fees associated with a block. In Ethereum, this is the sum of all Base Fees and Priority Fees in a block.

Dictionary

Name	AlertID	Category	Sub-category	Type	Unit	Interval
Increase in Total Block Fees Alert	block_fees_rsd_100b_hi	Alert	ETH PoS Alert	Sum	Gas	Ad hoc

Interpretation

A consistent increase in Total Block Fees might occur naturally as a result of an increase in demand for block space. Given the dynamics of EIP-1559, as blocks in the blockchain fill up, Base Fees and Priority Fees tend to increase. This causes short-term congestion as unprocessed transactions add up, and it is only resolved once the increase in fees disincentivizes users from transacting and the unprocessed transaction queue is cleared.

Potential Root Causes

Organic increase in demand for block space.

Market-driven events, such as market crashes and black swans, also tend to increase demand for block space.

Asset Coverage

Ethereum (ETH)