January 22, 2021, 7:00AM EST
• 10 min read
Gas tokens as a fee reduction tool
- 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.