HomeCoinsEthereum (ETH)Gas tokens as a fee reduction tool

Gas tokens as a fee reduction tool

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Quick Take

  • High Ethereum gas price leads to an increase in gas tokens’ popularity.
  • The CHI token from 1inch is most often used, despite its primary users being on-chain arbitrageurs.
  • The amount of gas used in transactions to obtain a gas refund in the future is less than one percent of the total gas used.
  • There are both ordinary speculators on the gas tokens market, expecting a doubling in the gas price for break-even, and arbitrage bots.

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