Around 66% of the top gas-consuming smart contracts on the Base platform are unverified. However, these contracts are among the most actively used, as indicated by gas fee trends. Friend.tech is the leading gas-consuming protocol on Base, allowing users to buy and sell keys to access exclusive features. By deploying on Base, Friend.tech users benefit from lower trading fees and increased scalability. Nevertheless, it is important to note that unverified smart contracts may pose risks, including potential theft.
Our analysis of the situation
Welcome to the world of smart contracts on Base, where anonymity meets trading frenzy! Brace yourself as we dissect the intriguing tale of Friend.tech and its unverified cohorts, raising eyebrows and gas fees on this layer-2 playground.
Base, a layer-2 scaling solution that competes with the likes of OP Mainnet and Arbitrum, holds a rather amusing secret. Out of the top-ranking gas-guzzling smart contracts on this platform, a whopping 14 out of 21, or 66%, remain unverified. Yes, you heard it right - the wild west of coded wonders!
Leading the gas race on Base is none other than the enigmatic Friend.tech. Who is behind this covert operation? Nobody knows! This decentralized social media protocol allows users to trade keys, granting access to exclusive chatrooms and alluring content from their fellow users. There's a pinch of mystery, an ounce of intrigue, and endless possibilities hidden behind those cyber doors.
By domiciling on Base, Friend.tech users get to relish lower trading fees compared to launching on the mainnet. And it's not just the fees that get their merry dance - this protocol can scale to its heart's content. Thanks to the power of layer-2 solutions, the ecstatic throughput of transactions skyrocket far beyond the reach of the humble mainnet.
Over the course of the last month, Friend.tech has generated a jaw-dropping $253,000 in gas fees. At Base, the execution fee, affectionately known as the layer-2 fee, is as flat as a pancake. It acts as a sweet deterrent against network spamming while rewarding the dedicated nodes that efficiently shepherd transactions on this imaginative platform. But hold your breath, my dear readers! There's another fee waiting just around the corner - one that confirms the transaction batch on the mainnet. Brace yourself for a gasp of awe as this fee typically outshines the execution fee with its grandiosity.
As we delve deeper into the world of these unverified smart contracts, we stumble upon a curious paradox. While Friend.tech's fees have experienced a 47% drop in the past month, other unverified contracts have slyly surpassed expectations. One audacious contract flaunted a mind-boggling 104% increase in trading fees, totaling a handsome $42,000. And our magnum opus comes in the form of another contract that has soared an astonishing 1,690%, raking in over $11,000 during the same period. These unsanctioned codes are certainly making their voices heard, whether we invited them to the party or not.
But let's tread carefully, my dear readers, for unverified does come with its fair share of mysteries. These smart contracts lack the seal of approval from third-party authorities. Who knows if they were built and deployed by the same crafty developers on Base? We wander in the realm of uncertainty, where lurking behind a mischievous line of code could be a nefarious intent to pilfer from unsuspecting addresses.
So, as the gas flows and the smart contracts dance to their own shape-shifting rhythm, we are left marveling at the adventurous landscape of Base. This amalgamation of verified and unverified contracts teases us with intrigue, inviting us to ponder the mysteries and potential dangers that lie within. As you traverse through this parallel universe of online transactions, always remember: with great gas fees come great responsibility!
Disclaimer: This blog post is purely for informational and entertainment purposes. The views expressed herein are those of the author and do not necessarily reflect the opinions of Base or its affiliates. Remember to conduct thorough research and exercise caution when exploring the world of unverified smart contracts.
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Image(s) are provided by LoremFlickr or some other sources. They are illustrative and may not represent the content truly.
0 Comments
Please, behave!