According to Dune’s analysis, the MEV bot “jaredfromsubway.eth” accounted for 7.26% of the total gas used on the Ethereum (ETH) network over the past 24 hours.
The data shows that the bot spent 560.08 ETH (worth $1.1 million) in gas fees in the past 24 hours. The address is also responsible for about 4.5% ($2.5 million) of gas fees on the blockchain over the past week.
List of Top Natural Gas Consumers ether scan Prove the above. This means that the bot spent more gas during this period than Ethereum layer 2 networks such as Arbitrum and Optimism.
Data research firm NFT Sealunch said the bot spent more than 3,720 ETH ($7 million) in gas fees and made more than 180,000 transactions in the past two months.
Sealunch added that most bot trading is a sandwich attack on traders trading low-cap coins like PEPE, BONZI, and WOJAK. Sandwich attacks are often used to preemptively run unsuspecting user transactions for profit.
At the same time, analyst Hildoby said that robot trading has also pushed up Ethereum gas fees. According to Ultrasound.money, the network’s base fee increased from less than 20 GWEI on April 12 to a peak of 146.82 GWEI on April 19.
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According to CryptoSlate