One wallet of Binance spent almost 500ETH as gas in the last 3 hours (18% of total gas spent in that time). But why?

September 21, 2023 1 min read

So, Binance just used almost 500 ETH as gas in the last 3 hours, making up 18% of total gas used in that timeframe:

I’m just a little bit confused right now. What are they doing that needs that much gas? 😀

Looking at the analasys page of etherscan, that happened already various times in the past as well.

Are they triggering some special gas heavy contracts?

Or an intern fatfingering when defining how much gas to use on some transactions?

I mean, I can’t complain about them helping ETH stay deflationary…I just want to understand what costs them so much in such a short time?

Fee spike to over 300Gwei:

Edit: Numbers are rising again, now over 529ETH

Edit 2: Looks like a s*it ton of small transactions related to that wallet. Horribly inefficient script at work?