
Recent trends in Ethereum's gas prices, currently ranging between 5 and 11 gwei, have presented cost-effective opportunities for users and investors. This low gas price environment facilitates cheaper transaction costs for activities such as deploying contracts, making layer 2 movements, and handling loans. For instance, transactions like supplying collateral and borrowing costs around $7, while using a market maker vault is approximately $8. Additionally, strategic trading based on gas prices, specifically buying when prices are in single digits and selling in triple digits, has been highlighted as a profitable long-term strategy. Notably, significant transactions include the use of 8,000 and 16,300 $PRIME as collateral for loans amounting to 50,100 and 114,300 $USDC respectively, with loan-to-value ratios of 33% and 39%. The recent increase in Ethereum's price alongside low gas costs further underscores the financial strategies being employed.
ETH pumping while gas is <10 gwei 👀 Deploy your contracts, delegate your EigenLayer deposits, bridge to Arbitrum, etc while it's cheap!
Gas is cheap right now, 5gwei on Ethereum mainnet Get all your transactions in Like moving to L2
Has anyone on my TL used @useteller for a $prime collateral loan? What was your play?
