Crisis in Ethereum and Solana! Bots Have Taken Over Networks!

Galaxy Digital researcher Christine Kim drew attention to the changes that occurred in Ethereum Layer-2 networks after the Dencun update in her post on the X platform on August 22. Kim stated that the number of transactions on the Ethereum network doubled after the update, reaching an average of 6.65 million transactions per day, but this increase also brought a significant increase in transaction failure rates. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. Become a member of BinanceTR from this link and get your first crypto!

Galaxy's report titled "150 Days After Dencun" emphasized that bot activities increased due to low transaction fees and that this situation increased the unsuccessful transaction rates in Layer-2 networks. According to the report, the transaction failure rate increased to 21 percent in the Base network, while it reached 15.4 percent in Arbitrum and 10.4 percent in OP mainnet. In particular, for addresses with high activity that perform 100 or more transactions per day, these rates increased to 41.6 percent on Base, 20.87 percent on Arbitrum, and 12.85 percent on OP mainnet.

On the other hand, for addresses with low activity that perform five or fewer transactions per day, transaction failure rates remained much lower and were recorded at a maximum of 4 percent.

Bot Activity Increases on Solana and Ethereum Layer-2 Networks. Not only Ethereum Layer-2 networks, but also other networks such as Solana (SOL) are experiencing similar problems. According to a study published by Coinbase on August 13, 25 percent to 45 percent of transactions performed on the Solana network consist of failed transactions.

Solana's higher transaction volumes than Ethereum are associated with bot activity. DeFi Report founder Michael Nadeau argued that bot activity increases efficiency by creating liquidity in the markets and that these activities should not be considered spam.