#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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💭 "Are you going to say again, 'Infofi again, another airdrop post?'"
Today, I want to talk about why the chains are really congested, why fees are not decreasing, and why that "scaling revolution" is not reflecting on us.
🎮 Imagine you walk into an arcade. Tokens are cheap, and the machines are fast. But there are people at every machine throwing in coins and constantly trying, but never actually playing.
They are just spamming. Why?
I hope the jackpot comes. Because if 1 holds, it doesn't matter if 350 goes to waste.
🤖 Today, more than 50% of the transaction space on chains like Base, Arbitrum, and Optimism is being spammed by MEV bots.
Moreover, these bots only pay 5-10% of the total fee.
So they are the ones who occupy the chain, we are the ones who pay the bill.
🧪 What bots do is the following:
They are sending a transaction to the chain 1.).
3.) If there is a profit, they are trading.
They perform over 300 transactions like this just for 1 successful result.
📈 By the end of 2024, the BASE network will have added capacity equivalent to 3 Ethereum mainnets.
Guess what happened?
Spam received. The user has almost zero left.
Gas was cheap, it didn't stop anyone.
🧠 Why is this happening?
Because:
– Mempool is hidden → They cannot see other transactions in advance
– Gas is cheap → Testing is free
In this system, the only winners are the fast spam bots.
Proposed solutions:
1.) See but do not harm → Programmable Privacy (TEE)
2.) Place a bid instead of spam → Open MEV ranking auctions
🧩 While writing this article, I reviewed 2 articles.
📎 First-Spammed, First-Served (arXiv) :
If you want to learn about the real congestion in the chains, I recommend it.
🔚 Conclusion?
We are in an era where spam silently consumes the chains.
"Don't be happy about gas being 1 cent" because most of it is wasted.
Without solving the MEV economy, scaling will remain just a promise.
How do you think these structures should change?