THIS ENDPOINT HAS BEEN DEPRECATED AND WILL NO LONGER BE ACTIVELY MAINTAINED, UPDATED OR SUPPORTED
Alert Definition
Alerts if the Priority Fees (or tips) of a block are lower than its 100-block predecessors. For context, the concept of a Priority Fee, or tip, was introduced as part of EIP-1559 and it represents the portion of the total transaction fees that rewards miners. This serves as an added incentive so that miners prioritize transactions that have opted-in and paid a tip. The other portion is called the Base Fee, and it is burnt (destroyed) after the transaction is included in a block
Dictionary
| Name | AlertID | Category | Sub-category | Type | Unit | Interval |
|---|---|---|---|---|---|---|
| Fast Decrease in Priority Fees (Tips) Alert | block_priority_fee_rsd_100b_lo | Alert | ETH PoS Alert | Sum | Gas | Ad hoc |
Interpretation
A consistent decrease in Priority Fees might occur organically as demand for block space decreases. It can also be a sign of more concerning circumstances if persistent. For example, a decrease in Priority Fees at a time when there is visible demand for block space might be a sign of so-called out of band payments, which are payments made by transactors directly to miners.
Potential Root Causes
Organic decrease in demand for block space. Out of band payments made directly to miners.
Asset Coverage
Ethereum (ETH)
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