‘Backrunning’ bots are driving up Ethereum transaction costs as they chase the best trades

Quick Take

  • Trading bots trying to get the best spot in Ethereum transaction blocks have resulted in a surge in gas expenditures.
  • The result: transaction prices on the network are hitting new highs.

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‘Backrunning’ bots are driving up Ethereum transaction costs as they chase the best trades written by Michael McSweeney @ https://www.theblockcrypto.com/daily/74761/backrunning-bots-ethereum-costs?utm_source=rss&utm_medium=rss August 13, 2020 Michael McSweeney

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