Gas weather report: July 21st - July 27th

Do gas limit increases decrease gas prices?

Table of Contents

• Block properties
  • Gas used by a block
• Gas prices
  • Distribution of gas prices
  • Evolution of gas prices

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The data includes all blocks produced between July 21st, 2020, 02:00:17 UTC (block 10500001) and July 27th, 2020, 06:37:09 UTC (block 10540000). It was obtained from Geth using a DAppNode full node with the wonderful ethereum-etl package from Evgeny Medvedev to extract transaction and block details.

You can check the source for this notebook here (R notebook). See a previous report here.

Block properties

Gas used by a block

Miners have some control over the gas limit of a block, but how much gas do blocks generally use?

The gas limit was increased from the previous limit of 10M gas, and gas used in blocks soon followed. We notice two peaks. Let’s zoom in.

How did the gas limit evolve over time?