Automatic Trading Robots and Arbitrage Driving Up Gas Fees on Base Memecoin Network

The recent surge in popularity of Base Memecoin has led to a significant increase in gas fees on the network, surpassing levels seen before the recent Dencun upgrade. This has raised questions about the effectiveness of the upgrade and its impact on the overall network performance.

According to a tweet by @MSilb7, the main reason behind the spike in gas fees is the presence of automatic trading robots that are setting higher Gas priority fees for arbitrage activities. As a result, there has been a noticeable uptick in gas fees, causing concerns among users and investors alike.

The increase in gas fees not only affects the cost of transactions on the Base Memecoin network but also raises doubts about the scalability and efficiency of the network post-upgrade. With gas fees reaching unprecedented levels, users are left wondering about the long-term implications for the network and its ability to handle increased transaction volumes.

As the situation continues to evolve, it remains to be seen how the Base Memecoin team will address the issue